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Term B-1 Loans Sample Clauses

Term B-1 Loans. (a) Subject to the terms and conditions set forth herein and in the Amended Credit Agreement, each of the Incremental Term B-1 Lenders hereby (i) commits to provide Term B-1 Loans to the Company in the amount of its Term B-1 Commitment and (ii) agrees to fund Term B-1 Loans to the Company in the amount of its Term B-1 Commitment, after which such commitment shall terminate immediately and without further action. The aggregate amount of the Term B-1 Commitments and the principal amount of the Term B-1 Loans allocated to the Cashless Option Lenders, in each case on the Amendment No. 1 Effective Date is $545,875,000.01. (b) The amendments set forth in this Section 1 constitute an “Incremental Amendmentwith respect to the establishment of the Term B-1 Commitments and the Term B-1 Loans. Each Term B-1 Loan constitutes an “Incremental Term Loan” incurred in accordance with Section 2.24(a) of the Amended Credit Agreement. (c) From and after the Amendment No. 1 Effective Date, the Term B-1 Loans shall be subject to the provisions, including any provisions restricting the rights, or regarding the obligations, of the Loan Parties or any provisions regarding the rights of the Lenders, of the Amended Credit Agreement and the other Loan Documents. (d) From and after the Amendment No. 1 Effective Date, the Incremental Term B-1 Lenders shall constitute “Lenders” and “Term Loan Lenders” for all purposes of, and with all the obligations, rights and remedies of a “Lender” and a “Term Loan Lender” under, the Amended Credit Agreement and the other Loan Documents. (e) The Borrower shall use the proceeds of the Term B-1 Loans to refinance outstanding Initial Term Loans in full and to pay the related fees and expenses.
Term B-1 Loans. Subject to the terms and conditions set forth herein and Amendment No. 1, each Term B-1 Lender with an Term B-1 Commitment severally agrees to make to the Borrower a single loan denominated in Dollars in a principal amount equal to such Term B-1 Lender’s Term B-1 Commitment on the Amendment No. 1 Effective Date. Amounts borrowed under this Section 2.01(a)(ii) and repaid or prepaid may not be reborrowed. Term B-1 Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. For all purposes of the Loan Documents, Term B-1 Loans shall be fungible with, and have the same terms as, the Initial Term Loans.
Term B-1 Loans. Immediately after the effectiveness of the First Amendment, each Lender having a Term B-1 Commitment severally agrees to make a Term B-1 Loan to the Borrower, which Term B-1 Loans shall not exceed, for any such Lender, the Term B-1 Commitment of such Lender. Such Term B-1 Loan (i) shall be made on the First Amendment Effective Date immediately after the effectiveness of the First Amendment, (ii) may, at the option of the Borrower, be incurred and maintained as, and/or converted into, ABR Loans or LIBOR Term Loans; provided that all Term B-1 Loans made by each of the Lenders pursuant to the same Borrowing shall, unless otherwise specifically provided herein, consist entirely of Term B-1 Loans of the same Type, (iii) may be repaid or prepaid in accordance with the provisions hereof, but once repaid or prepaid, may not be reborrowed, and (iv) shall not exceed in the aggregate the total of all Term B-1 Loan Commitments. The proceeds of such Term B-1 Loans shall be immediately applied to repay any Original Term Loans outstanding after giving effect to the First Amendment and the repayment of a portion of the Original Term Loans in connection therewith. On the Term B-1 Loan Maturity Date, all Term B-1 Loans shall be repaid in full.
Term B-1 LoansThe Borrower shall pay to each Lender holding Term B-1 Loans (i) on the last Business Day of each Fiscal Quarter occurring after the Amendment No. 5 Closing Date (commencing with the Fiscal Quarter ending June 30, 2019) but prior to the Maturity Date, a portion of the principal amount of all Term B-1 Loans then outstanding in an amount equal to 0.25% of the sum of the aggregate principal amount of the Term B-1 Loans outstanding on the Amendment No. 5 Closing Date after giving effect to Amendment No. 5 (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.3 of this Agreement (it being understood and agreed that the $555,000,000 prepayment made on November 3, 2016 shall be applied (net of (x) any amounts from such prepayment applied to amortization payments required by Section 2.2 prior to the Amendment No. 5 Closing Date and (y) any amounts from such prepayment applied to amortization payments required by Section 2.2(a)) to the amortization payments required by this Section 2.2(b) in direct order of maturity)) and (ii) on the Maturity Date, the aggregate principal amount of all Term B-1 Loans outstanding on such date and all accrued and unpaid interest thereon.
Term B-1 LoansThe Company shall repay to the Term B-1 Lenders the principal amount of all Term B-1 Loans (i) in equal quarterly payments in the amount of 0.25% of the aggregate principal amount of all Term B-1 Loans incurred (including through the conversion of Term B Loans) on the Fourth Amendment Effective Date commencing on March 31, 2024 and on the last day of each March, June, September and December thereafter, through and including March 31, 2028, and (ii) on the Maturity Date for the Term B-1 Facility, the remaining outstanding principal amount of all Term B-1 Loans (in each case subject to the application of prepayments in accordance with Section 2.06).
Term B-1 Loans. Subject to the terms and conditions set forth herein and Amendment No. 1, each Term B-1 Lender with an Term B-1 Commitment severally agrees to make to the Borrower a single loan denominated in Dollars in a principal amount equal to such Term B-1 Lender’s Term B-1 Commitment on the Amendment No. 1
Term B-1 LoansThe Borrowers shall repay to the Administrative Agent (i) for the ratable account of the Term B-1 Dollar Lenders holding Term B-1 Dollar Loans the aggregate principal amount of all Term B-1 Dollar Loans outstanding and (ii) for the ratable account of the Term B-1 Euro Lenders holding Term B-1 Euro Loans the aggregate principal amount of all Term B-1 Euro Loans outstanding, in each case, in consecutive quarterly installments as follows (which installments shall, to the extent applicable, be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Sections 2.05 and 2.06, or be increased as a result of any increase in the amount of Term B-1 Dollar Loans or Term B-1 Euro Loans, as applicable, pursuant to Section 2.14 (such increased amortization payments to be calculated in the same manner (and on the same basis) as the schedule set forth below for the Term B-1 Dollar Loans or Term B-1 Euro Loans, as applicable, made as of the Fourth Amendment Effective Date)): US-DOCS\90330440.2103232196.9
Term B-1 LoansPursuant to Section 2.18 of the Credit Agreement and subject to the terms and conditions set forth herein, each of the Term B-1 Lenders and the Additional Term B-1 Lenders will make the Term B-1 Loans (including the Additional Term B-1 Loans) to the Borrowers as described in Section 2.01 of the Amended Credit Agreement, with the Term B-1 Loans having the terms set forth in the Amended Credit Agreement. The Borrowers shall prepay in full the then outstanding principal amount of the Initial Term Loans together with all accrued and unpaid interest thereon, with the gross cash proceeds of the Term B-1 Loans (including the Additional Term B-1 Loans).
Term B-1 LoansThe Borrower shall repay to the Administrative Agent for the ratable account of the Term B-1 Lenders the aggregate principal amount of all Term B-1 Loans outstanding in consecutive quarterly installments as follows (which installments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05 or increased as a result of any increase in the amount of Term B-1 Loans pursuant to Section 2.14 (such increased amortization payments to be calculated in the same manner (and on the same basis) as the schedule set forth below for the Term B-1 Loans made as of the Closing Date)): August 21, 2006, $ 1,350,000 November 21, 2006 $ 1,350,000 February 21, 2007, $ 1,350,000 May 21, 2007, $ 1,350,000 August 21, 2007, $ 1,350,000 November 21, 2007 $ 1,350,000 February 21, 2008, $ 1,350,000 May 21, 2008, $ 1,350,000 August 21, 2008, $ 1,350,000 November 21, 2008 $ 1,350,000 February 21, 2009, $ 1,350,000 May 21, 2009, $ 1,350,000 August 21, 2009, $ 1,350,000 November 21, 2009 $ 1,350,000 February 21, 2010, $ 130,275,000 May 21, 2010, $ 130,275,000 August 21, 2010, $ 130,275,000 November 21, 2010 $ 130,275,000 provided, however, that the final principal repayment installment of the Term B-1 Loans shall be repaid on the Maturity Date and in any event shall be in an amount equal to the aggregate principal amount of all Term B-1 Loans outstanding on such date.”
Term B-1 LoansThe Borrowers shall repay to the Administrative Agent (i) for the ratable account of the Term B-1 Dollar Lenders holding Term B-1 Dollar Loans the aggregate principal amount of all Term B-1 Dollar Loans outstanding and (ii) for the ratable account of the Term B-1 Euro Lenders holding Term B-1 Euro Loans the aggregate principal amount of all Term B-1 Euro Loans outstanding, in each case, in consecutive quarterly installments as follows (which installments shall, to the extent applicable, be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Sections 2.05 and 2.06, or be increased as a result of any increase in the amount of Term B-1 Dollar Loans or Term B-1 Euro Loans, as applicable, pursuant to Section
Term B-1 Loans. (a) Subject to the terms and conditions set forth herein, each Term B-1 Lender severally agrees to make Term B-1 Loans to the Borrower in a single borrowing on the Effective Date in the amount of its Term B-1 Commitment. Notwithstanding the foregoing, if the total Term B-1 Loan Commitment as of the Effective Date is not drawn on the Effective Date, the undrawn amount shall automatically be cancelled. (b) The Term B-1 Loans shall be made as Base Rate Loans on the Effective Date (provided that the Borrower may request, no later than one (1) Business Day prior to the Effective Date, that the Term B-1 Lenders make the Term B-1 Loans as LIBO Rate Loans if the Borrower has delivered to the Agent a letter in form and substance reasonably satisfactory to the Agent indemnifying the Term B-1 Lenders in the manner set forth in Section 3.05 of the Credit Agreement). Not later than 1:00 p.m. on the Effective Date, each Term B-1 Lender will make available to the Agent for the account of the Borrower, at the Agent’s Office in immediately available funds, the amount of such Term B-1 Loans to be made by such Term B-1 Lender on the Effective Date (net of any applicable original issue discount). The Agent shall apply the proceeds of the Term B-1 Loans to refinance the outstanding principal amount of the Initial Term Loans on the Effective Date and to pay any interest, fees and/or expenses related thereto. (c) Pursuant to Section 2.07 of the Credit Agreement, the Term B-1 Loans shall constitute a separate Class of Term Loans and shall have the following terms:
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Term B-1 LoansThe Company shall pay to each Term B-1 Lender (i) on the last Business Day of each fiscal quarter of the Parent occurring after the Closing Date (commencing with the fiscal quarter ending December 31, 2015) but prior to the Maturity Date, the principal amount of all Term B-1 Loans then outstanding in an amount equal to 0.25% of the sum of the aggregate principal amount of Term B-1 Loans on the Closing Date (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05) and (ii) on the Maturity Date for Term B-1 Loans, the principal amount of all Term B-1 Loans in an amount equal to the aggregate principal amount of all Term B-1 Loans outstanding on such date; provided that the amount of any such prepayment set forth above shall be adjusted to account for the addition of any Extended Term Loans or Incremental Term Loans made to the Company to contemplate (A) the reduction in the aggregate principal amount of the Term B-1 Loans that were converted in connection with the incurrence of such Extended Term Loans and (B) any increase to payments to the extent and as required pursuant to the terms of any applicable Commitment Increase Amendment involving an increase to the Term B-1 Loans.
Term B-1 LoansThe Term Loans of any Term Lenders that are not Initial Term B-2 Lenders and the portion of Term Loans of Initial Term B-2 Lenders that are not converted to Term B-2 Loans pursuant to Section 1.1 above shall be deemed to be “Term B-1 Loans.”
Term B-1 Loans. Subject to the terms and conditions set forth herein and in the Second Amendment, each Lender severally agrees to make Term B-1 Loans in Dollars to the Borrower on the Second Amendment Effective Date in a principal amount equal to the excess of (A) its Commitment to make Term B-1 Loans over (B) the aggregate principal amount of its Converted Prior Term Loans, if any. The Borrower shall refinance all Prior Term Loans that are not Converted Prior Term Loans with the gross proceeds of such Term B-1 Loans described in the immediately preceding sentence. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. Term B-1 Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
Term B-1 Loans. Each Additional Term B-1 Lender shall have made Term B-1 Loans in an amount equal to such Additional Term B-1 Lender’s Term B-1 Commitment;
Term B-1 Loans. Subject to the terms and conditions set forth herein, each Term B-1 Lender severally agrees to exchange its Initial Term Loans for Term B-1 Loans and/or make Term B-1 Loans to the Borrower in a single borrowing on the First Amendment Effective Date. Pursuant to Section 5.16 of the Credit Agreement, the Term B-1 Loans shall constitute a separate Class of Loans and shall have the following terms: (a) Term B-1 Commitments. Each Term B-1 Lender severally agrees to fund (in accordance with Section 3 of this Agreement) the Term B-1 Loan to the Borrower on the First Amendment Effective Date in a principal amount equal to such Lender’s Term B-1 Commitment of the First Amendment Effective Date.
Term B-1 Loans. Repay to the Term B-1 Lenders on the last day of each fiscal quarter (or, in the case of the final principal installment to be repaid on the Term B Loan Maturity Date, as set forth in the proviso hereto), commencing with the fiscal quarter beginning on January 1, 2013 (with the first such payment being due and payable on March 31, 2013), a quarterly principal installment on the Term B-1 Loans in an amount equal to 0.25% of the original principal amount of the Term B-1 Facility (the “Term B Repayment Amounts”); provided, however, that the final principal repayment installment of the Term B-1 Loans shall be repaid on the Maturity Date for the Term B-1 Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term B-1 Loans outstanding on such date (together with all accrued and unpaid interest thereon). (k) Section 7.11 of the Credit Agreement is hereby amended to add the following sentence at the end thereof to read as follows: Use the proceeds of the Term B-1 Loans for any purpose other than to refinance the outstanding amount of the Term B Loans.
Term B-1 LoansThe Borrower shall repay to the Administrative Agent for the ratable account of the Term B-1 Lenders the aggregate principal amount of all Term B-1 Loans outstanding in consecutive quarterly installments as follows (which installments shall, to the extent applicable, be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Sections 2.05 and 2.06, or be increased as a result of any increase in the amount of Term B-1 Loans pursuant to Section 2.16 (such increased amortization payments to be calculated in the same manner (and on the same basis) as the schedule set forth below for the Term B-1 Loans made as of the First Refinancing Date)): Year 1 March 31, 2011 $ 4,375,000 June 30, 2011 $ 4,375,000 September 30, 2011 $ 4,375,000 Year 2 December 31, 2011 $ 4,375,000 March 31, 2012 $ 4,375,000 June 30, 2012 $ 4,375,000 September 30, 2012 $ 4,375,000 Year 3 December 31, 2012 $ 4,375,000 March 31, 2013 $ 4,375,000 June 30, 2013 $ 4,375,000 September 30, 2013 $ 4,375,000 Year 4 December 31, 2013 $ 4,375,000 March 31, 2014 $ 4,375,000 June 30, 2014 $ 4,375,000 September 30, 2014 $ 4,375,000 Year 5 December 31, 2014 $ 4,375,000 March 31, 2015 $ 4,375,000 June 30, 2015 $ 4,375,000 September 30, 2015 $ 4,375,000 Year 6 December 31, 2015 $ 4,375,000 March 31, 2016 $ 4,375,000 June 30, 2016 $ 4,375,000 September 30, 2016 $ 4,375,000 Year 7 December 31, 2016 $ 4,375,000 March 31, 2017 $ 4,375,000 June 30, 2017 $ 4,375,000 Maturity Date for Term B-1 Facility $ 1,636,250,000 provided, however, that the final principal repayment installment of the Term B-1 Loans shall be repaid on the Maturity Date for the Term B-1 Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term B-1 Loans outstanding on such date.
Term B-1 LoansThe Borrower shall, on the last Business Day of each month set forth below, repay to the Administrative Agent for the ratable account of the Term B-1 Lenders, the aggregate principal amount of all Term B-1 Loans set forth below (which installments shall be reduced as a result of (i) the application of prepayments in accordance with the order of priority set forth in Section 2.05 or (ii) the application of prepayments in accordance with Section 10.07(l)): Interest Payment Date Amortization Payment
Term B-1 Loans 
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