The Term B Borrowings Sample Clauses
The Term B Borrowings. Each Term B Lender severally agrees to make to the Borrower (including by way of conversion) a single loan denominated in Dollars in a principal amount equal to such Term B Lender’s Term B Commitment on the Closing Date. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term B Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
The Term B Borrowings. Subject to the terms and conditions set forth herein:
(i) each Dollar Term B-1 Lender severally agrees to make to the Borrowers a single loan (a “Dollar Term B-1 Loan”) denominated in Dollars in a principal amount equal to such Dollar Term B-1 Lender’s Dollar Term B-1 Commitment on the Closing Date;
(ii) each Euro Term B-1 Lender severally agrees to make to the Borrowers a single loan (a “Euro Term B-1 Loan”) denominated in Euro in a principal amount equal to such Euro Term B-1 Lender’s Euro Term B-1 Commitment on the Closing Date; and
(iii) each Term B-2 Lender severally agrees to make to the Borrowers a single loan (a “Term B-2 Loan”) denominated in Dollars in a principal amount equal to such Term B-2 Lender’s Term B Commitment on the Closing Date. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. Dollar Term B-1 Loans and Term B-2 Loans may be Base Rate Loans or Eurocurrency Rate Loans and Euro Term B Loans shall be Eurocurrency Rate Loans, in each case, as further provided herein.
The Term B Borrowings. (i) The Additional Term B Lender agrees to make a term loan to the Borrower in Dollars (a “Term B Loan”) on the Amendment No. 1 Effective Date in an aggregate amount not to exceed the amount of the Additional Term B Commitment and (ii) each Converted Original Term Loan of each Amendment No. 1 Consenting Lender shall be converted into a Term B Loan of such Lender effective as of the Amendment No. 1 Effective Date in a principal amount equal to the principal amount of such Lender’s Converted Original Term Loan immediately prior to such conversion; provided that the Term B Loans shall initially consist of a Eurocurrency Rate Loan with an Interest Period ending March 28, 2013 and the Eurocurrency Rate for such Interest Period shall be deemed to be 1.25%. Amounts repaid with respect to Term B Loans may not be reborrowed.
The Term B Borrowings. Subject to the terms and conditions set forth herein and in the Second Amendment and Restatement Agreement, each Term B Lender severally agrees to make (or be deemed to make), on the Second Restatement Effective Date, a single loan in Dollars to the Company in an amount equal to such Lender’s Term B Commitment. Amounts borrowed under this Section 2.01(i) and repaid or prepaid may not be reborrowed. Term B Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
The Term B Borrowings. (i) Each Term B Lender severally agrees to make to the Borrower (including by way of conversion) a single loan denominated in Dollars in a principal amount equal to such Term B Lender’s Term B Commitment on the Closing Date.
(ii) The Incremental Amendment No. 1 Term B Lender agrees to make to the Borrower a single loan denominated in Dollars in a principal amount equal to its Incremental Amendment No. 1 Term B Commitment on the Incremental Amendment No. 1
The Term B Borrowings. Subject to the terms and conditions set forth in the Distribution Agreement, the Initial Term Lender agrees to make, on the date of the Contribution, a single loan in Dollars to the Borrower in an amount equal to 100% of its Term B Commitment; provided that the Initial Term Lender’s obligation to make a Term B Loan to the Borrower on such date shall be satisfied by its transfer of the Acquired Business to the Borrower as contemplated by the Distribution Agreement. After the occurrence of the Contribution and prior to but substantially concurrently with the occurrence of the Spin-Off, the Existing Tranche B Lenders shall participate in the exchange by the Initial Term Lender of its Term B Loan for a like amount of the Existing Tranche B Loans held by the Existing Tranche B Lenders subject to the terms and conditions set forth in this Agreement and in the Exchange Agreement. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. Term B Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
The Term B Borrowings. Subject to the terms and conditions set forth herein and in the 20172018 Refinancing Amendment, (i) each Continuing Term B Lender (as defined in the 20172018 Refinancing Amendment) has agreed to continue all (or such lesser amount as the applicable Lead Arrangers may allocate) of its existingExisting Term B Loans (as defined in the Existing Credit Agreement2018 Refinancing Amendment) outstanding on the 20172018 Refinancing Amendment Effective Date as New2018 Term B Loans and (ii) each Additional Term B Lender (as defined in the 20172018 Refinancing Amendment) has agreed to make to the Borrowers a single loan denominated in Dollars in a principal amount equal to such Additional Term B Lender’s Additional Term B Commitment under (and as defined in) the 20172018 Refinancing Amendment, in each case, on the 20172018 Refinancing Amendment Effective Date. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. Term B Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
The Term B Borrowings. Subject to the terms and conditions set forth herein, each Term B Lender severally agrees to make to the LLC Co-Borrower on the Closing Date loans denominated in Dollars in an aggregate amount not to exceed the amount of such Term B Lender’s Term B Commitment. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. Term B Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.
The Term B Borrowings. On the Closing Date, the Term Loans (as defined in the Original Credit Agreement) were made to the U.S. Borrower. On the Amendment No. 1 Effective Date, such Term Loans were converted into Term B Loans pursuant to Amendment No. 1. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be re-borrowed. Term B Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.
The Term B Borrowings. Each Term B Lender severally agrees to make to the Borrower (including by way of conversion) a single loan denominated in Dollars in a principal amount equal to such Term B Lender’s Term B Commitment on the Closing Date. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed. Term B Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein, on and after the Closing Date, each Revolving Credit Lender severally agrees to make (or cause its Applicable Lending Office to make) Revolving Credit Loans to the Borrower from time to time during the Availability Period for the Revolving Credit Facility in Dollars or in an Approved Currency in an aggregate principal amount that will not result in such Lender’s Revolving Credit Exposure exceeding such Lender’s Revolving Credit Commitment; provided that, after giving effect to the making of any Revolving Credit Loans, in no event shall the Total Revolving Outstandings exceed the Revolving Credit Commitments then in effect. Within the limits of each Lender’s Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Credit Loans may be Base Rate Loans or Eurocurrency Rate Loans Borrowings, Conversions and Continuations of Loans.