Definition of Tranche B Term Borrowing


Tranche B Term Borrowing means a Borrowing comprised of Tranche B Term Loans.
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Examples of Tranche B Term Borrowing in a sentence

For purposes of this Agreement, Loans and Borrowings may be classified and referred to by Class (e.g., a Tranche B Term Loan or Tranche B Term Borrowing) or by Type (e.g., a Eurodollar Rate Loan or Eurodollar Rate Borrowing) or by Class and Type (e.g., a Eurodollar Rate Tranche B Term Loan or Eurodollar Rate Tranche B Term Borrowing).
For purposes of this Agreement, Term Loans and Borrowings may be classified and referred to by Class (e.g., a Tranche B Term Loan or Tranche B Term Borrowing) or by Type (e.g., a Eurodollar Rate Loan or Eurodollar Rate Borrowing) or by Class and Type (e.g., a Eurodollar Rate Tranche B Term Loan or Eurodollar Rate Tranche B Term Borrowing).
The Tranche B Term Commitments shall terminate upon the Tranche B Term Borrowing on the Closing Date.
Section 2.07 of the Credit Agreement is hereby amended by (i) replacing and in the first line thereof with , and (ii) inserting the text and Tranche C Term Borrowing immediately following the text Tranche B Term Borrowing.
Thereafter, the applicable U.S. Borrower, in the case of a Revolving Borrowing, the Canadian Borrower, in the case of a Tranche A Term Borrowing, or the Parent Borrower, in the case of a Tranche A-1 Term Borrowing or Tranche B Term Borrowing, may elect to convert the method of calculating interest in respect of such Borrowing to a different Type or to continue such Borrowing as the same Type and, in the case of a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this Section.