Examples of Replacement Term B Loans in a sentence
The Borrower shall repay to any Lender who elects not to provide or participate in any Replacement Term B Loans the outstanding Term B Loans held by such Lender (plus any accrued and unpaid interest or other amounts due in connection therewith) prior to or simultaneously with any refinancing, replacement or modification of outstanding Term B Loans hereunder.
The election by any Lender to provide or participate in the Replacement Term B Loans shall not obligate any other Lender to so provide or participate.
In no event shall Replacement Term B Loans be deemed to be Incremental Term Loans hereunder.
The Replacement Term B Loans shall constitute Term B Loans under the Credit Agreement and the other Credit Documents after giving effect to this Amendment.
Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loan or the Loan Commitment assigned, except that this clause (ii) shall not prohibit any Lender from assigning all or a portion of its rights and obligations among separate Facilities on a non-pro rata basis.
The Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, use the proceeds of a Borrowing of 2018 New Replacement Term B Loans on the Third Amendment Effective Date, whether directly or indirectly, for any purpose other than the repayment of principal on the 2016 Replacement Term B-1 Loans not subject to the 2018 Replacement2020 Refinancing Term B Loan Conversion.
The parties hereto hereby consent to the incurrence of the Replacement Term B Loans on the terms set forth herein.
Notwithstanding anything to the contrary above, no notice to the Administrative Agent shall be required in connection with the repayment of Term Loans with the proceeds of US Dollar RCF Loans, Replacement Term A-1 Loans, Replacement Term A-2 Loans and Replacement Term B Loans incurred on the Second Amendment Effective Date.
Upon the effectiveness of this Amendment, unless the context otherwise requires, all references to Term B Loans in the Credit Documents shall be deemed to, and shall constitute, references to Replacement Term B Loans.
The 2013 Replacement Term LoanB Commitment of each 2013 Replacement Term B Lender shall bewas automatically and permanently reduced to $0 upon the making of such 2013 Replacement Term B Lender’s 2013 Replacement Term B Loans pursuant to the First Amendment on the First Amendment Effectiveon the Original Closing Date.