Examples of Tranche B Term Lender in a sentence
Not later than 4:00 p.m., New York City time, on the Closing Date each Tranche B Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Tranche B Term Loan to be made by such Lender.
Upon receipt of such notice the Administrative Agent shall promptly notify each Tranche B Term Lender thereof.
Notwithstanding the foregoing, this Section 2.22 may only be utilized with respect to a replaced Lender in respect of any amendment to this Agreement after the Closing Date and prior to the date that is six months after the Closing Date that constitutes a Repricing Transaction pursuant to Section 2.11(h) if such replaced Tranche B Term Lender is paid a fee equal to 1.0% of the principal amount of such Tranche B Term Lender’s Tranche B Term Loans being replaced and repaid.
The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Tranche B Term Lender the then unpaid principal amount of each Tranche B Term Loan on the Tranche B Term Loan Maturity Date.
The Tranche B Equity shall be allocated among the Tranche B Term Lenders (or their Affiliates, or any affiliated investment funds, investment vehicles, or entity that is managed, advised or sub-advised by such Tranche B Term Lender or such Affiliate) ratably in accordance with such Tranche B Term Lender’s Applicable Percentage of the Tranche B Term Loans on the date of the Tranche B Equity Conversion.