Examples of Term B-4 Loans in a sentence
At the time and immediately after giving effect to the incurrence of the U.S. Term B-4 Loans, no Default or Event of Default shall have occurred and be continuing.
Notwithstanding the foregoing, the amendments effected hereby shall not become effective, the obligations of the Additional U.S. Term B-4 Lenders to make Additional U.S. Term B-4 Loans will automatically terminate, if each of the conditions set forth or referred to in this Section 3 has not been satisfied at or prior to 5:00 p.m., New York City time, on May 15, 2018.
Section 2.11(h)(ii) of the Credit Agreement is hereby amended by inserting the text “and the Applicable Facility Percentage for the Term B-4 Loans of such First Lien Net Proceeds” immediately after the text “the Applicable Facility Percentage for the Term B-3 Loans of such First Lien Net Proceeds”.
The Borrower shall prepay the Non-Exchanged U.S. Term B-3 Loans with a like amount of the gross proceeds of the Additional U.S. Term B-4 Loans, concurrently with the receipt thereof.
Subject to the terms and conditions set forth herein, each Incremental Lender agrees to make Term B-4 Loans to the Borrower on the Incremental Effective Date in a principal amount not to exceed such Incremental Lender’s Term B-4 Loan Commitment in accordance with the applicable procedures set forth in Article II of the Credit Agreement.