Incremental Term B-2 Loans Sample Clauses

Incremental Term B-2 Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the 2022 Incremental Term B-2 Lenders: (A) on or prior to the last day of each March, June, September and December that occurs prior to the 2022 Incremental Term B-2 Loan Maturity Date, an aggregate amount equal to 0.25% of the initial aggregate principal amount of all 2022 Incremental Term B-2 Loans on the Amendment No. 5 Effective Date, with the first such payment to be made on the last day of the first full fiscal quarter ending after the Amendment No. 5 Effective Date and (B) on the 2022 Incremental Term B-2 Loans Maturity Date, an aggregate amount equal to the aggregate principal amount of all 2022 Incremental Term B-2 Loans outstanding on such date. Section 2.09.
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Incremental Term B-2 Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the 2022 Incremental Term B-2 Lenders: (A) on or prior to the last day of each March, June, September and December that occurs prior to the Amendment No. 8 Effective Date, an aggregate amount equal to 0.25% of the initial aggregate principal amount of all 2022 Incremental Term B-2 Loans on the Amendment No. 5 Effective Date, with the first such payment to be made on the last day of the first full fiscal quarter ending after the Amendment No. 5 Effective Date, (B) on or prior to the last day of each March, June, September and December that occurs prior to the 2022 Incremental Term B-2 Loan Maturity Date, an aggregate amount equal to 0.25% of the initial aggregate principal amount of all 2022 Incremental Term B-2 Loans on the Amendment No. 58 Effective Date, with the first such payment to be made on the last day of the first full fiscal quarter ending after the Amendment No. 58 Effective Date and (BC) on the 2022 Incremental Term B-2 LoansLoan Maturity Date, an aggregate amount equal to the aggregate principal amount of all 2022 Incremental Term B-2 Loans outstanding on such date. Section 2.09.
Incremental Term B-2 Loans. (a) Subject to the terms and conditions set forth herein, each Incremental Term B-2 Lender agrees, severally and not jointly, on the Amendment No. 3 Effective Date, to make Incremental Term B-2 Loans to the Borrower in an aggregate principal amount set forth opposite its name on Schedule I hereto, with such Incremental Term B-2 Loans having terms identical to the Term B-2 Loans outstanding immediately prior to the effectiveness of this Amendment (the “Existing Term B-2 Loans”) (other than any original issue discount or upfront fees). Interest will begin accruing on the Incremental Term B-2 Loans on the Amendment No. 3 Effective Date.
Incremental Term B-2 Loans. (a) Subject to the terms and conditions set forth herein, each of the Incremental Term B-2 Lenders hereby (i) commits to provide Incremental Term B-2 Loans to the Company Borrower in the amount of its Incremental Term B-2 Commitment and (ii) agrees, on the Amendment No. 2 Funding Date, to fund Incremental Term B-2 Loans to the Company Borrower in the amount of its Incremental Term B-2 Commitment, after which such commitment shall terminate immediately and without further action. The aggregate amount of the Incremental Term B-2 Commitments on the Amendment No. 2 Effective Date is $375,000,000.
Incremental Term B-2 Loans. (i) Subject to the satisfaction (or waiver) of the conditions set forth in Section 2 hereof and in reliance upon the representations and warranties set forth in Section 4 hereof, the Incremental Term B-2 Lender hereby agrees to make the Incremental Term B-2 Loans to the Borrower on the Second Amendment Effective Date in the aggregate principal amount of $225,000,000. The Incremental Term B-2 Loans, once funded, shall be a new Class of Term Loans under the Existing Credit Agreement, and a separate Class of Term Loans from the Term Loans outstanding under the Credit Agreement immediately prior to the Second Amendment Effective Date (for the purposes of this Second Amendment, herein called the “Existing Term B-1 Loans”).
Incremental Term B-2 Loans. The Incremental Term B-2 Loans will (x) upon funding, be one Class with, and increase the amount of, the Existing Term B-2 Loans and (y) constitute Term B-2 Loans for all purposes of the Credit Agreement. Pursuant to Section 2.01 and Section 2.21 of the Credit Agreement, immediately following the funding of the Incremental Term B-2 Loans on the Amendment No. 3 Effective Date, the Incremental Term B-2 Loans so funded shall automatically (and without any further action or notice by any party) become “Term B-2 Loans” for all purposes of the Credit Agreement and the other Loan Documents except as otherwise set forth herein and in the Credit Agreement.

Related to Incremental Term B-2 Loans

  • Term Loan Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein, each Term Loan Lender severally, but not jointly, agrees to make available to the Borrower (through the Administrative Agent) on the Closing Date such Term Loan Lender’s Term Loan Commitment Percentage of a term loan in Dollars (the “Term Loan”) in the aggregate principal amount of FORTY-FOUR MILLION SEVEN HUNDRED FIFTY THOUSAND DOLLARS ($44,750,000) (the “Term Loan Committed Amount”) for the purposes hereinafter set forth. Upon receipt by the Administrative Agent of the proceeds of the Term Loan, such proceeds will then be made available to the Borrower by the Administrative Agent by crediting the account of the Borrower on the books of the office of the Administrative Agent specified in Section 9.2, or at such other office as the Administrative Agent may designate in writing, with the aggregate of such proceeds made available to the Administrative Agent by the Term Loan Lenders and in like funds as received by the Administrative Agent (or by crediting such other account(s) as directed by the Borrower). The Term Loan may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request; provided, however, that the Term Loan made on the Closing Date or any of the two (2) Business Days following the Closing Date, may only consist of Alternate Base Rate Loans unless the Borrower delivers a funding indemnity letter, substantially in the form of Exhibit 2.1(a), reasonably acceptable to the Administrative Agent not less than three (3) Business Days prior to the Closing Date. LIBOR Rate Loans shall be made by each Term Loan Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office. Amounts repaid or prepaid on the Term Loan may not be reborrowed.

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