Series B Loans definition

Series B Loans means the loans provided for by Section 2.01(b) hereof, which may be Base Rate Loans and/or Eurodollar Loans.
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Series B Loans means the loans described as such in SECTION 2.1 of the Credit Agreement.
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Series B Loans means, with respect to any Property and any Lender, the amount equal to the principal of such Lender’s Loans related to such Property minus such Lender’s Series A Loans.
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Examples of Series B Loans in a sentence

  • Each payment (including each prepayment) by the Borrower on account of principal of and interest on the Series A Loans or the Series B Loans, as the case may be, shall be made pro rata according to the respective outstanding principal amounts on the Loans of each such Category then held by each Lender.

  • Series B Loans may be prepaid, but they may not be reborrowed once prepaid.

  • The proceeds of the Series B Loans will be used to finance a portion of the 2017 Tender Offer, refinance existing Debt, pay dividends or make repurchases of Capital Securities permitted under paragraph 6E, or for general corporate purposes.

  • Each Series B Lender severally agrees, on the terms and conditions of this Agreement, to make loans to the Company in Dollars to but not including the Series B Commitment Termination Date in an aggregate principal amount up to but not exceeding the amount of the Series B Commitment of such Lender as in effect from time to time (such Loans being herein called "Series B Loans").

  • The Company shall cause Acurex to maintain, at all times, a minimum net worth of not less than two times the aggregate outstanding amount of the Series B Loans.

  • Series B Loans outstanding under the Existing Credit Agreement will continue as Series B Loans under this Agreement.

  • The Administrative Agent shall have received a duly executed and completed Amortization Supplement in respect of the applicable Series A Loans and Series B Loans.

  • Subject to the terms and conditions of this Agreement, the Company may borrow the amount of the Series B Commitments by means of Base Rate Loans and Eurodollar Loans and may Convert Series B Loans of one Type into Series B Loans of another Type (as provided in Section 2.09 hereof) or Continue Series B Loans of one Type as Series B Loans of the same Type (as provided in Section 2.09 hereof).

  • The principal amount of the Series B Loans made on the Series B Closing Date shall be in an aggregate amount equal to $12,500,000.

  • The representations and warranties contained in Section 4.1 of this letter agreement shall be true on and as of the date of the Series B Loan, both before and immediately after giving effect to the making of such Series B Loans; there shall exist on the date of such Series B Loan no Default or Event of Default, both before and immediately after giving effect to the making of such Series B Loan; and the Issuers shall have delivered an Officer’s Certificate to the Series B Purchasers to each such effect.


More Definitions of Series B Loans

Series B Loans means that portion of the Loans made by the Lenders allocated as "Series B Loans" pursuant to Schedule I to the Participation Agreement.
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Series B Loans has the meaning assigned to such term in the recitals of this Agreement.
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Series B Loans means each Loan designated as a "Series B Loan" on the applicable Funding Date.
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Series B Loans means each loan made by a Series B Lender to the Borrower pursuant to this Agreement which was specified in the relevant Notice of Borrowing as a "Series B Loan".
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Related to Series B Loans

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

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • New Revolving Loans as defined in Section 2.25.

  • Bridge Loans means the Loans (as defined in the Bridge Credit Agreement).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Term B Loans means (a) the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a), and (b) any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

  • Term Loan as defined in Section 2.1.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • 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.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Series B Notes is defined in Section 1.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Series B Debentures means the $200 million aggregate principal amount of 4.903% Series B senior unsecured debentures of the Trust due July 5, 2023.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Bridge Notes means the series of notes, of which this Note is a part, dated on or about the date hereof, each of which are identical, other than the date of the Note, identity of the Holder and principal amount of this Note.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Series B Equipment Notes means Equipment Notes issued and designated as “Series B Equipment Notes” under the Indenture, in the original principal amount and maturities as specified in Schedule I to the Indenture under the heading “Series B Equipment Notes” and bearing interest at the Debt Rate for Series B Equipment Notes specified in Schedule I to the Indenture.

  • Tranche the collective reference to Eurodollar Loans the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • Series C Preferred means all shares of the Series C Preferred Stock, $0.001 par value per share, of the Company.