Examples of Additional Term B Lender in a sentence
On the First Amendment Effective Date (after giving effect to the funding of the 2023 Additional Term B Loans to be made on such date), the 2023 Additional Term B Commitments of each 2023 Additional Term B Lender as of the First Amendment Effective Date will terminate.
Each Amendment No. 1 Consenting Lender and Additional Term B Lender acknowledges and agrees that no proceeds of Term B Loans will be applied to prepay or repay any Converted Initial Term Loans or Term B Loans.
Subject to the terms and conditions hereof, each Additional Term B Lender severally agrees to make a term loan in Dollars to the Borrower on the Term B Facility Effective Date in a principal amount not to exceed its Additional Term B Commitment on the Term B Facility Effective Date.
Accordingly, any signature page hereto submitted by or on behalf of an Additional Term B Lender other than such fronting lender will be deemed ineffective unless accepted by the Administrative Agent in its sole discretion.
For the avoidance of doubt, the notice of Borrowing of the Term B Loans on the Amendment No. 1 Effective Date is only required with respect to the Term B Loans of the Additional Term B Lender (it being understood that such notice of Borrowing shall specify the conversion of Initial Loans of Amendment No. 1 Consenting Lenders pursuant to Section 2.01(a)).