Initial Tranche B Term Loans definition

Initial Tranche B Term Loans as defined in Section 2.1.
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Initial Tranche B Term Loans means all Tranche B Term Loans outstanding on the Second Amendment Effective Date immediately prior to the Refinancing (under and as defined in the Second Amendment).
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Initial Tranche B Term Loans means the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a)(ii).
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Examples of Initial Tranche B Term Loans in a sentence

  • The proceeds of the Initial Tranche A Term Loans (other than 2014 Supplemental Term Loans and 2016 Supplemental Term Loans) and Initial Tranche B Term Loans shall be used solely to effect the 2012 Transactions, to pay related fees and expenses and for other general corporate purposes of the Borrower and its Subsidiaries and other purposes not prohibited by this Agreement.

  • Subject to the terms and conditions hereof, on one other Business Day that is less than 180 days after the Closing Date, each Term Lender severally agrees to make an additional term loan to Borrower in an amount not to exceed its ratable share of $42,000,000 (each, a “Supplemental Tranche B Term Loan” and, together with the Initial Tranche B Term Loans, the “Tranche B Term Loans”).

  • The proceeds of the Initial Tranche B Term Loans shall be used only for the Refinancing, to cash collateralize certain Letters of Credit, the payment of Closing Costs and up to $40,000,000 may be used to redeem Senior Notes.

  • The proceeds of the Initial Tranche B Term Loans will be used to finance a portion of the Acquisition and to pay related fees and expenses.

  • The Initial Tranche B Term Loans shall initially be Base Rate Loans and, unless otherwise agreed by the Administrative Agent in its sole discretion, no Initial Tranche B Term Loan may be converted into or continued as a Eurodollar Loan having an Interest Period in excess of one month prior to the date that is 60 days after the Closing Date.

  • The proceeds of the Initial Tranche B Term Loans and the Revolving Loans made on the Closing Date, together with the proceeds of the Equity Financing and the Senior Subordinated Loans, shall be used only for the payment of the Merger Consideration, the Debt Discharge, the payment of Closing Costs and to provide ongoing capital requirements of the Borrower and its Subsidiaries and for general corporate purposes.

  • No later than the 120th day after the Closing Date, the Borrower shall enter into, and for a minimum of three years thereafter maintain, Interest Rate Contracts that result in at least 35% of the aggregate principal amount of the Initial Tranche B Term Loans being effectively subject to a fixed or maximum interest rate.

  • Upon funding the Initial Tranche B Term Loans, the Tranche B Term Commitments shall be permanently reduced to $42,000,000.

  • The Borrower shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the anticipated Closing Date) requesting that the Term Lenders make the Initial Tranche B Term Loans on the Closing Date and specifying the amount to be borrowed.

  • Each Borrowing of Initial Tranche A Term Loans under this Agreement shall be granted by the Initial Tranche A Term Lenders pro rata on the basis of their then-applicable Initial Tranche A Term Loan Commitments and each Borrowing of Initial Tranche B Term Loans under this Agreement shall be granted by the Initial Tranche B Term Lenders pro rata on the basis of their then-applicable Initial Tranche B Term Loan Commitments.


More Definitions of Initial Tranche B Term Loans

Initial Tranche B Term Loans appears in such definition.
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Initial Tranche B Term Loans means the Tranche B Term Loans made (or deemed made) on the Restatement
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Initial Tranche B Term Loans as defined in Section 2.1. “Inside Maturity Additional Obligations”: as defined in the definition of “Additional Obligations.” “Inside Maturity Permitted Refinancing Obligations”: as defined in the definition of “Permitted Refinancing Obligations.” “Insolvency”: with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA. “Insolvent”: pertaining to a condition of Insolvency. “Instrument”: as defined in the Guarantee and Collateral Agreement. “Intellectual Property”: the collective reference to all rights, priorities and privileges relating to intellectual property, whether arising under United States, multinational or foreign laws or otherwise, including copyrights, copyright licenses, domain names, patents, patent licenses, trademarks, trademark licenses, trade names, technology, know-how and processes, and all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom. “Intercreditor Agreement”: the intercreditor agreement substantially in the form of Exhibit E to be entered into as required by the terms hereof, as amended, supplemented, waived or otherwise modified from time to time. “Interest Payment Date”: (a) commencing on September 28, 2012, as to any ABR Loan, the last Business Day of each March, June, September and December to occur while such Loan is outstanding and the final maturity date of such Loan, (b) as to any Term SOFR Loan having an Interest Period of three months or less, the last day of such Interest Period, (c) as to any Term SOFR Loan having an Interest Period longer than three months, each day that is three months, or a whole multiple thereof, after the first day of such Interest Period and the last day of such Interest Period and (d) as to any Loan (other than any Revolving Loan that is an ABR Loan), the date of any repayment or prepayment made in respect thereof. “Interest Period”: as to each Term SOFR Loan, the period commencing on the date such Term SOFR Loan is disbursed or converted to or continued as a Term SOFR Loan and ending on the date one, three or six months thereafter, as selected by the Borrower in its Borrowing Notice, or such shorter period requested by the Borrower and consented to by all Lenders under the relevant Facility and the Administrative Agent (in the case of each requested Interest Period, subject to availability); provided that: (i) any Interest Peri...
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Initial Tranche B Term Loans means the Tranche B Term Loans made (or deemed made) on the Restatement Date.
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Related to Initial Tranche B Term Loans

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Tranche B Term Loan as defined in Section 2.1.

  • Initial Term Loans means the term loans made by the Initial Term Lenders to the Borrower pursuant to Section 2.01(a)(i).

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Tranche B Term Loan Lender means a Lender with a Tranche B Term Loan Commitment or an outstanding Tranche B Term Loan.

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Tranche A Term Loan Lender means a Lender with a Tranche A Term Loan Commitment or an outstanding Tranche A Term Loan.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • 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.

  • Incremental Term Loan Borrowing Date means, with respect to each Tranche of Incremental Term Loans, each date on which Incremental Term Loans of such Tranche are incurred pursuant to Section 1.01(c) and as otherwise permitted by Section 1.14.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the Letter of Credit Usage.

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.