Tranche B-2 Loans definition

Tranche B-2 Loans the Tranche B-2 Loans borrowed by BA on the Restatement Effective Date pursuant to Sections 2.1 and 2.2. The aggregate principal amount of Tranche B-2 Loans on the Restatement Effective Date is $75,000,000.
Sample 1
Tranche B-2 Loans has the meaning specified in the Term Facility Credit Agreement.
Sample 1
Tranche B-2 Loans means the term loans made by the Lenders to the Borrower pursuant to Section 2.01(b).
Sample 1

Examples of Tranche B-2 Loans in a sentence

  • The proceeds of the Tranche B2 Loans made on the Second Amendment Effective Date shall be available (and the Borrower agrees that it shall use such proceeds) solely to finance the Olympus Acquisition, including the payment of fees and expenses in connection therewith.

  • Upon the making of any Tranche B2 Loans by a Tranche B2 Lender, such Tranche B2 Lender’s Tranche B2 Commitment shall be permanently reduced to zero.

  • Interest will begin accruing on the Tranche B2 Loans on the Second Amendment Effective Date.

  • Amounts borrowed in respect of the Tranche B2 Loans and repaid or prepaid may not be reborrowed.

  • The Tranche B2 Loans shall be subject to the provisions, including any provisions regarding the obligations of the Loan Parties in respect thereof and any provisions regarding the rights of the Tranche B2 Lenders, under this Agreement and the other Loan Documents.

  • The Borrower shall repay (i) on the last day of each of January, April, July and October beginning with July 31, 2020, a principal amount of Tranche B2 Loans equal to Original Tranche B2 Loan Amount multiplied by 0.25% to the Agent, for the ratable benefit of the Tranche B2 Lenders and (y) on the Tranche B2 Maturity Date, to the Agent, for the ratable benefit of the Tranche B2 Lenders, all Tranche B2 Loans outstanding on the Tranche B2 Maturity Date.

  • The aggregate principal amount of the Tranche A-2 Loans and the Tranche B-2 Loans shall not exceed $50,000,000 at any time.

  • Hereby elects, upon the Amendment Effective Date, to exchange the outstanding amount of Tranche B-1 Loans of such Participating Lender (or such lesser amount specified on the schedule below or as may be allocated by the Lead Arranger) for an equal outstanding amount of Tranche B-2 Loans under the Credit Agreement.

  • By its execution of this Agreement, each Tranche B-2 Lender hereby waives (a) the requirement in Section 3.2 of the Credit Agreement that Refinancing Loan Commitments be in integral multiples of $10,000,000 and (b) the requirement in Section 2.2 of the Credit Agreement that Borrowings of the Tranche B-2 Loans be in integral multiples of $500,000.

  • The Borrower covenants and agrees that it will use the proceeds of the Tranche B-2 Loans to refinance the aggregate principal amount of Tranche B-1 Loans outstanding on the Effective Date and to pay any interest, fees and/or expenses related thereto.


More Definitions of Tranche B-2 Loans

Tranche B-2 Loans has the meaning assigned to such term in the First Lien Credit Agreement.
Sample 1
Tranche B-2 Loans means the loans made pursuant to Section 2.1 of this Amendment.
Sample 1
Tranche B-2 Loans shall have the meaning assigned to such term in Section 1.1 of the Tranche B-2 Incremental Amendment.
Sample 1
Tranche B-2 Loans means the term loans made to the Borrower pursuant to the Original Credit Agreement and designated as “Tranche B-2 Loans” pursuant to the Amendment Agreement.
Sample 1
Tranche B-2 Loans means the Loans made by the Lenders to the Borrower pursuant to Section 2.01(b) and with respect to which the Lender holding such Loans on the Amendment No. 1 Effective Date shall not have executed Amendment No. 1.
Sample 1

Related to Tranche B-2 Loans

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

  • Tranche C Loan means an extension of credit by a Lender to TFA under Article II. Except as provided in Section 2.16(c), Tranche C Loans shall be denominated in Australian Dollars.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

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

  • 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.

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

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

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

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

  • Term Loan as defined in Section 2.1.

  • Tranche C Term Loan Commitment means, with respect to each Tranche C Term Loan Lender, the commitment of such Lender to make Tranche C Term Loans under the Tranche C Term Loan Incremental Facility 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 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).

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

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

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

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

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

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

  • 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.

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

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).