B Term Facility definition

B Term Facility means the Facility evidenced by the Total B Term Commitment.
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B Term Facility means and include the Initial B Term Facility and the Incremental B Term Facility.
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B Term Facility. B Termination Date", "B Term Loan", "C Term Commitment", "C Term Facility", "C Term Loan", "C Term Loans-Floating Rate", "Margin Reduction Discount", "Scheduled Reductions" and "Total Term Commitment" appearing in said Section and (ii) inserting in the appropriate alphabetical order the following new definitions:
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Examples of B Term Facility in a sentence

  • The Target B Term Facility will be subject to quarterly amortization of one-quarter percent (0.25%) of the original principal amount of the Target B Term Loan Facility (collectively, the “Term B Scheduled Amortization”, and together with the Term A Scheduled Amortization, the “Scheduled Amortization”).

  • Each such prepayment of the Facilities shall be applied ratably first to the Tranche B Term Facility and second to the Tranche A Term Facility.

  • Facility Assigned Aggregate Amount of Commitment/ Loans for all Lenders Amount of Commitment/ Loans Assigned Percentage Assigned of Commitment/Loans13 Tranche A Term Facility $ $ % Tranche B Term Facility $ $ % Dollar Revolving Facility $ $ % Alternative Currency Revolving Facility $ $ % 13 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder.

  • The Tranche B Term Facility shall be for a term (the “Tranche B Term Facility Term”) commencing on the date hereof and ending on February 11, 2021 (the “Tranche B Term Facility Maturity Date”) or such earlier date as the Tranche B Term Facility is accelerated pursuant to the terms of this Agreement upon an Event of Default.

  • The Borrower will pay to the Lender a non-refundable establishment fee equal to [ *** ]% of the aggregate of the Revolving Facility Commitment, the Tranche A Term Facility Commitment and the Tranche B Term Facility Commitment on Financial Close.

  • If a Tranche B Right is not exercised prior to the repayment in full in cash of the Tranche B Term Facility, the Tranche B Administrative Agent shall pay all such amounts to the Borrower and the Borrower shall pay such amounts to the applicable Tranche B Right Holder.

  • Borrower shall have deposited in a segregated account with the Administrative Agent or one of its Affiliates an amount equal to $7,500,000.00 on or before the date hereof, to be applied by the Administrative Agent at the direction of the U.S. Borrower as an optional prepayment to the Tranche B Term Facility on or before January 15, 2003.

  • The Borrower hereby unconditionally promises to pay to the Tranche B Administrative Agent for the account of the appropriate Tranche B Term Lenders, as the case may be, the then unpaid principal amount of each Tranche B Term Loan made to the Borrower outstanding on the Revolving Termination Date in respect of the Tranche B Term Facility (or on such earlier date on which the Loans become due and payable pursuant to Section 8.1).

  • Any Loan or any portion thereof made under the Tranche B Term Facility, the Tranche C Term Facility, or the Tranche D Term Facility may be prepaid in full or in part at any time upon two (2) Business Days prior written notice to the Administrative Agent without premium or penalty with respect to Base Rate Advances and, with respect to LIBO Rate Advances, subject to payment of any applicable Breakage Fee.

  • All material governmental and third party approvals necessary in connection with the Tranche B Term Facility shall have been obtained and be in full force and effect without any action being taken or threatened by any competent authority that would restrain, prevent or otherwise impose material adverse conditions on the financing contemplated hereby.


More Definitions of B Term Facility

B Term Facility appearing in Section 10 of the Credit Agreement is hereby amended by inserting the text "and the Total Additional B Term Commitment" at the end of said definition.
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Related to B Term Facility

  • New Term Facility has the meaning specified in Section 2.14(a).

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Tranche B Term Loan as defined in Section 2.1.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Tranche C Term Loan as defined in Section 2.1.

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  • Refinancing Term Loan Commitments has the meaning assigned to such term in Section 2.26(a).

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • New Term Loans as defined in Section 2.24.

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Tranche A Term Loan as defined in Section 2.1.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make or otherwise fund the Tranche A Term Loan and “Tranche A Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of the Tranche A Term Loan Commitments as of the Closing Date is $5,000,000.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.