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B Term Note definition

B Term Note shall have the meaning provided in Section 1.05(a).
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B Term Note has the meaning provided in Section 1.05(a).
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B Term Note means a promissory note of the Borrower payable to any B Term Lender or its registered assigns in substantially the form of Exhibit C-1, evidencing the aggregate Indebtedness of the Borrower to such B Term Lender resulting from the B Term Loans held or deemed held by such B Term Lender.
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Examples of B Term Note in a sentence

  • Such mandatory prepayments shall be allocated among the Lenders in proportion, as nearly as practicable, to the respective outstanding amounts of each Lender’s Tranche B Term Note or Revolving Credit Note, as applicable, with adjustments to the extent practicable to equalize any prior prepayments not exactly in proportion.

  • Any such Tranche B Term Note shall be payable to the order of such Tranche B Lender in a principal amount equal to such Tranche B Lender’s Commitment Percentage of the Tranche B Term Loan and representing the obligation of the Borrower to pay to such Tranche B Lender such principal amount or, if less, the outstanding amount of such Tranche B Lender’s Commitment Percentage of the Tranche B Term Loan, plus interest accrued thereon, as set forth below.

  • To the extent this document contains references to multiple "Class B Lenders" or "Class B Term Notes" at a time when there exists only one "Class B Lender" and one "Class B Term Note", such references shall be deemed to refer to such single "Class B Lender" and "Class B Term Note".

  • Each Tranche B Lender may attach schedules to its Tranche B Term Note and endorse thereon the date, Type (if applicable), amount and maturity of its Tranche B Term Loans and payments with respect thereto.

  • With respect to the Class B Term Notes, the Specified Support Arrangements consist of the Class B Term Note Cash Accumulation Reserve Fund.

  • This Tranche B Term Note is one of a series of Tranche B Term Notes referred to in the Credit Agreement and is issued to evidence the Tranche B Term Loans made by the Lender pursuant to the Credit Agreement.

  • The Borrower also unconditionally promises to pay interest on the aggregate unpaid principal amount of this Tranche B Term Note at the rates applicable thereto from time to time as provided in the Credit Agreement.

  • In the event of any conversion of Facility B Revolver Loans to Facility B Term Loans, the Facility B Term Note payable to and held by the Administrative Agent shall thereafter evidence such Facility B Term Loans, except that any Facility B Term Note payable to and held by any Facility B Term Lender shall thereafter evidence the Facility B Term Loans held by such Facility B Term Lender hereunder.

  • In the event of an acceleration of the maturity of this Tranche B Term Note, this Tranche B Term Note shall become immediately due and payable, without presentation, demand, protest or notice of any kind, all of which are hereby waived by the Borrower.

  • Reference is made to the Credit Agreement for provisions relating to the interest rate, maturity, payment, prepayment and acceleration of this Tranche B Term Note.


More Definitions of B Term Note

B Term Note has the meaning provided in Section 2.4(a).
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B Term Note shaxx xxxx xxx xxxxxxx xxxvided in Section 1.05(a).
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B Term Note a promissory note evidencing the B Term Loans in substantially the form of Exhibit A-2 to this Agreement (modified appropriately).
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B Term Note shall have the meaning provided in Section 2.3(a).
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Related to B Term Note

  • Tranche B Term Note shall have the meaning provided in Section 1.05(a).

  • Tranche A Term Note shall have the meaning provided in Section 1.05(a).

  • Medium Term Notes means Securities that are collateralized in an amount equal to their full Outstanding principal amount and have a Stated Maturity in excess of 270 days after the date of original issuance thereof.

  • Term Note means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit C-1 hereto, evidencing the aggregate Indebtedness of the Borrower to such Term Lender resulting from the Term Loans made by such Term Lender.

  • Incremental Term Note has the meaning specified in Section 2.11(a).

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

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Existing Term Loan Agreement means that certain Term Loan Agreement, dated as of April 9, 2020, by and among the Borrower, the lenders from time to time party thereto and Crédit Agricole Corporate and Investment Bank, as administrative agent for the lenders, as amended, modified, supplemented or replaced from time to time.

  • Additional Term Loan has the meaning specified in Section 2.01(c).

  • Term Note A means a promissory note of the Borrower payable to the order of a requesting Lender in the principal amount of such Lender’s Term Loan A Commitment, in substantially the form of Exhibit E-1.

  • Tranche B Term Loan as defined in Section 2.1.

  • Existing Term Loan has the meaning specified in Section 2.01(b).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Base Rate Term Loan means any portion of a Term Loan during any period in which such portion bears interest based on the Base Rate.

  • Tranche A Term Loan as defined in Section 2.1.

  • Existing Term Loan Facility has the meaning specified in Section 2.17(a).

  • Existing Term Loan Credit Agreement means that certain Term Loan Credit Agreement, dated as of June 29, 2018, by and among, the Borrower, Vertex Holdings, the lenders from time to time party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc., as administrative agent, as amended, restated, amended and restated, supplemented or otherwise modified from time to time.

  • Long-term lease means a lease term of at least 27.5 years for a residential resource or at least 31.5 years for a nonresidential resource.

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

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

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

  • Long-term contract means a contract with a duration period exceeding one year;

  • Incremental Term Loan Assumption Agreement means an Incremental Term Loan Assumption Agreement among, and in form and substance reasonably satisfactory to, the Borrower, the Administrative Agent and one or more Incremental Term Lenders.

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

Most Referenced Clauses

Most Referenced Definitions