Tranche B Term Loan definition

Tranche B Term Loan as defined in Section 2.1.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Tranche B Term Loan means a Loan made pursuant to clause (b) of Section 2.01.

Tranche B Term Loan means a Tranche B Term Loan made by a Lender to Company pursuant to Section 2.1(a)(ii).

Examples of Tranche B Term Loan in a sentence

No Lender shall have an obligation to make a Tranche B Term Loan in excess of such Lender’s Tranche B Term Loan Commitment.
A certificate, dated as of the Tranche B Term Loan Borrowing Date and signed by a Responsible Officer of ▇▇▇▇▇▇▇▇, confirming compliance with the conditions set forth in subsections (c) and (d) of this Section 6.02.
Conditions to Tranche B Term Loan; Tranche B Term Loan Borrowing Date.
Subject to the terms and conditions of this Agreement and relying on the representations and warranties set forth herein, each Lender, severally and not jointly, agrees prior to the Tranche B Term Loan Commitment Termination Date, to provide its share of the Tranche B Term Loan to Borrower on the Tranche B Term Loan Borrowing Date in Dollars in a principal amount equal to such Lender’s Tranche B Term Loan Commitment.
The Tranche B Term Loan Commitment Termination Date shall not have occurred.

More Definitions of Tranche B Term Loan

Tranche B Term Loan shall have the meaning provided in Section 1.01(b).

Tranche B Term Loan means a Loan made pursuant to Section 2.01(b)(i), which shall initially be made as an ABR Loan but thereafter may be an ABR Loan and/or a Eurodollar Loan.

Tranche B Term Loan means each loan advanced by a Lender pursuant to Section 2.01(b). For purposes of clarification, any calculation of the aggregate outstanding principal amount of the Tranche B Term Loan on any date of determination shall mean the aggregate principal amount of the Tranche B Term Loan made pursuant to Section 2.01(b) that has not yet been repaid as of such date.

Tranche B Term Loan has the meaning set forth in Section 2.01.

Tranche B Term Loan means a U.S. Tranche B Term Loan and/or a Foreign Tranche B Term Loan, as applicable.

Tranche B Term Loan shall have the meaning assigned to such term in Section 2.4(a).

Tranche B Term Loan has the meaning specified in Section 2.01(c), collectively the “Tranche B Term Loans”.