Tranche B Term Loan definition

Tranche B Term Loan as defined in Section 2.1.

Tranche B Term Loan means a Loan made pursuant to clause (b) of Section 2.01.

Tranche B Term Loan shall have the meaning provided in Section 1.01(b).

Examples of Tranche B Term Loan 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.

• The Tranche B Term Loans made on the Closing Date shall initially be ABR Loans and, unless otherwise agreed by the Administrative Agent in its reasonable discretion, no Tranche B Term Loan may be converted into or continued as a Eurodollar Loan having an Interest Period in excess of one month prior to the date that is 30 days after the Closing Date.

• Without limiting the foregoing, overdue interest, fees and other amounts under the Tranche B Term Loan Facility shall bear interest at 2% above the Coupon Rate.

• The Tranche B Term Loan will be amortized in installments in amounts equal to $2.2 million in each of the second through fifth years following the closing date, $55.0 million in the sixth year following the closing date, and $119.5 million in the seventh year following the closing date.

• The provisions of Section 6.03 shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated by the Credit Documents, the repayment of the Loans, the expiration or termination of the Tranche B Term Loan Commitments or the termination of this Agreement or any provision hereof.

More Definitions of Tranche B Term Loan

Tranche B Term Loan means a Tranche B Term Loan made by a Lender to Borrower pursuant to Section 2.1(a)(ii).

Tranche B Term Loan means a Loan made pursuant to Section 2.01(b)(i), which shall initially be made as an ABR Loan but thereafter may be an ABR Loan and/or a Eurodollar Loan.

Tranche B Term Loan shall have the meaning assigned to such term in Section 2.4(a).

Tranche B Term Loan has the meaning set forth in Section 2.01.

Tranche B Term Loan means each loan advanced by a Lender pursuant to Section 2.01(b). For purposes of clarification, any calculation of the aggregate outstanding principal amount of the Tranche B Term Loan on any date of determination shall mean the aggregate principal amount of the Tranche B Term Loan made pursuant to Section 2.01(b) that has not yet been repaid as of such date.

Tranche B Term Loan means, collectively, (i) the making of Tranche B Term Loans by exchanging Original Term Loans for a like principal amount of Tranche B Term Loans pursuant to Section 2.01(c) and (ii) each Additional Tranche B Term Loan made pursuant to Section 2.01(c), in each case on the Amendment and Restatement Effective Date. As of the Second Restatement Effective Date, the aggregate outstanding principal amount of Tranche B Term Loans $527,750,000.

Tranche B Term Loan a Loan made pursuant to a Tranche B Term Commitment.