Term B-2 Loans Clause Samples
Term B-2 Loans. (a) Pursuant to Section 2.21 of the Credit Agreement, on the Amendment No. 5 Effective Date, (i) each Rollover Amendment No. 5 Term Lender agrees to exchange (via cashless roll) the entire aggregate principal amount of its Existing Term Loans for a like principal amount (or such lesser amount as may be notified and allocated to such Rollover Amendment No. 5 Term Lender by the Amendment No. 5 Lead Left Arranger, with the difference between the current amount and the allocated amount to be prepaid on the Amendment No. 5 Effective Date) of Term B-2 Loans on the Amendment No. 5 Effective Date, (ii) each Cash Settlement Amendment No. 5 Term Lender agrees to have the entire aggregate principal amount of its Existing Term Loans prepaid on the Amendment No. 5 Effective Date and to purchase (including through its Affiliates) by assignment from the Additional Term B-2 Lender the aggregate principal amount of Term B-2 Loans committed to separately by such Cash Settlement Amendment No. 5 Term Lender (or such lesser amount as may be notified and allocated to such Cash Settlement Amendment No. 5 Term Lender by the Amendment No. 5 Lead Left Arranger) and (iii) the Additional Term B-2 Lender agrees to make Term B-2 Loans to the Borrower in the amount set forth opposite its name on Schedule 1 hereto under the heading “Additional Term B-2 Commitment”; it being understood that the aggregate amount of the Additional Term B-2 Commitment of the Additional Term B-2 Lender shall equal the outstanding aggregate principal amount of Non-Exchanged Amendment No. 5
Term B-2 Loans. On the Amendment No. 4 Effective Date all Term B-2 Loans that are not Converted Term B-2 Loans and that are outstanding on the Amendment No. 4 Effective Date shall be repaid in full.
Term B-2 Loans. This Amendment shall have been executed and delivered by Term B-2 Lenders holding Commitments in respect of the entire aggregate principal amount of the Term B-2 Loans; and
Term B-2 Loans. The existing Term Loans shall, substantially simultaneously with the borrowing of the Term B-2 Loans, be refinanced in full;
Term B-2 Loans. Each of the Borrower and the Subsidiary Borrowers shall, jointly and severally, repay to the Administrative Agent for the ratable account of the Term Lenders (i) on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Amendment No. 1 Effective Date, an aggregate amount equal to 0.25% of the aggregate amount of all Term Loans (which shall be allocated among them ratably in accordance with the Designated Amounts) outstanding on the Amendment No. 1 Effective Date (which payments 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 the Term Loans, the aggregate principal amount of all Term Loans outstanding on such date.”
Term B-2 Loans. Each Rollover Term B-2 Lender hereby agrees to make Term B-2 Loans up to the aggregate amount of the aggregate principal amount of such Lender’s Existing Term B-2 Loans on the Tenth Amendment Effective Date. Each New Term B-2 Lender hereby agrees to make Term B-2 Loans up to the aggregate amount specified on such New Term B-2 Lender’s signature page to this Amendment on the Tenth Amendment Effective Date. Pursuant to Section 2.26 of the Credit Agreement, the Term B-2 Loans shall have the terms set forth in this Amendment and in the Credit Agreement (as amended by this Amendment).
Term B-2 Loans. The Borrower shall repay to the Administrative Agent for the ratable account of the Term Lenders with Term B-2 Loans (i) on the last Business Day of each March, June, September and December, commencing with the last Business Day of March 2013, an aggregate principal amount equal to 0.25% of the aggregate principal amount of all Term B-2 Loans outstanding on the Amendment No. 1 Effective Date (which payments shall be reduced as a result of the application of prepayments as directed by the Borrower pursuant to Section 2.05) and (ii) on the Maturity Date for the Term B-2 Loans, the aggregate principal amount of all Term B-2 Loans outstanding on such date.
Term B-2 Loans. The Incremental Term B-2 Loans made pursuant to this Agreement shall be added to, and constitute part of, the Term B-2 Loans under the Credit Agreement.
Term B-2 Loans. Subject to the terms and conditions set forth herein, each Term B-2 Lender severally agrees to exchange its Term B-1 Loans for Term B-2 Loans and/or make Term B-2 Loans to the Borrower in a single borrowing on the Third Amendment Effective Date. Pursuant to Section 5.16 of the Credit Agreement, the Term B-2 Loans shall constitute a separate Class of Loans and shall have the following terms:
Term B-2 Loans. The Company shall repay to the Term B-2 Lenders the principal amount of all Term B-2 Loans (i) in equal quarterly payments in the amount of 0.25% of the aggregate principal amount of all Term B-2 Loans incurred (including through the conversion of Term B-1 Loans) on the Sixth Amendment Effective Date commencing on December 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-2 Facility, the remaining outstanding principal amount of all Term B-2 Loans (in each case subject to the application of prepayments in accordance with Section 2.06).