Tranche B Term Loan Exposure definition

Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender; provided, at any time prior to the making of the Tranche B Term Loans, the Tranche B Term Loan Exposure of any Lender shall be equal to such Lender's Tranche B Term Loan Commitment.

Tranche B Term Loan Exposure means, with respect to any Lender as of any date of determination (i) prior to the termination of all of the Tranche B Term Loan Commitments, the sum of (a) that Lender's Tranche B Term Loan Commitment plus (b) the aggregate outstanding principal amount of the Tranche B Term Loan of that Lender and (ii) after the termination of the Tranche B Term Loan Commitments, the aggregate outstanding principal amount of the Tranche B Term Loan of that Lender.

Examples of Tranche B Term Loan Exposure in a sentence

• The Tranche B Term Loan Upfront Fee may, at the election of the Lenders of the Tranche B Term Loan on the Closing Date representing more than 50.0% of the aggregate Tranche B Term Loan Exposure of all Lenders (other than Defaulting Lenders), take the form of original issue discount.

• If at any time the Consolidated Loan to Stick Value Ratio is equal to or greater than 70% on the last day of each of three or more consecutive Fiscal Quarters, Administrative Agent at the request of Lenders holding more than 50% of the aggregate Revolving Loan Exposure and Tranche B Term Loan Exposure shall deliver a notice to the Parent, directing one or more of the Borrowers to sell the Station(s) belonging to such Borrower or Borrowers.

• This Amendment (other than the provisions of Section 1 hereof, the effectiveness of which is governed by Section 2 hereof) shall become effective upon the execution of a counterpart hereof by Company, by Requisite Lenders and by Requisite Class Lenders of Lenders having Tranche B Term Loan Exposure and upon receipt by Company and Administrative Agent of written or telephonic notification of such execution and authorization of delivery thereof.

• Company shall pay to each Lender executing this Amendment by 5:00 p.m., New York time, on February 6, 2003 an amendment fee equal to 0.25% of the sum of such Lender’s Tranche A Term Loan Exposure plus such Lender’s Tranche B Term Loan Exposure plus such Lender’s Revolving Loan Exposure.

• Company shall have paid to Administrative Agent, for distribution to each Lender that executes and delivers a counterpart of this Amendment to Administrative Agent at or prior to 5:00 P.M. (New York time) on November 14, 1997, an amendment fee in an amount equal to the sum of (i) 1.00% multiplied by the Tranche B Term Loan Exposure of such Lender plus (ii) 0.25% multiplied by the Revolving Loan Exposure of such Lender.

More Definitions of Tranche B Term Loan Exposure

Tranche B Term Loan Exposure means, with respect to any Lender as of any date of determination (i) prior to the funding of the Tranche B Term Loans, that Lender's Tranche B Term Loan Commitment and (ii) after the funding of the Tranche B Term Loans, the outstanding principal amount of the Tranche B Term Loans of that Lender.

Tranche B Term Loan Exposure as to any Lender, at any time, the amount of unpaid Tranche B Term Loans made by such Lender pursuant to Section 2.5.

Tranche B Term Loan Exposure means, collectively, the Tranche B-1 Term Loan Exposure and the Tranche B-2 Term Loan Exposure; provided that on and after the Tranche B Combination Date, Tranche B-1 Term Loan Exposure and Tranche B-2 Term Loan Exposure shall be deemed to be “Tranche B Term Loan Exposure” on a combined basis.

Tranche B Term Loan Exposure means, with respect to any Tranche B Lender, as of any date of determination (i) prior to the funding of the Tranche B Term Loans, such Tranche B Lender's Tranche B Term Loan Commitment, and (ii) after the funding of the Tranche B Term Loans, the outstanding principal amount of the Tranche B Term Loan of such Tranche B Lender.

Tranche B Term Loan Exposure with respect to any Lender, means, as of any date of determination (a) prior to the funding of the Tranche B Term Loans, that Lender's Tranche B Term Loan Commitment and (b) after the funding of the Tranche B Term Loans, the outstanding principal amount of the Tranche B Term Loan of that Lender.

Tranche B Term Loan Exposure as to any Tranche B Term Loan Lender ---------------------------- at any time, the aggregate outstanding principal amount of the Tranche B Term Loans of such Tranche B Term Loan Lender at such time.

Tranche B Term Loan Exposure means, with respect to any Tranche B Term Loan Lender as of any date of determination