Bridge B Loans definition
Examples of Bridge B Loans in a sentence
Amounts repaid in respect of Bridge B Loans may not be reborrowed.
Parent will use the proceeds of Term Loans C on the date incurred (or the next Business Day) to repay principal of the Senior Subordinated Bridge B Loans.
Each Bridge B Lender severally agrees, on the terms and conditions hereinafter set forth, to make Bridge B Loans to the Borrower from time to time on any Business Day during the First Out Loan Availability Period, in an aggregate principal amount not to exceed at any time outstanding the amount of such Bridge B Lender’s Bridge B Loan Commitment, and in a combined amount for all Bridge B Lenders not to exceed at any time outstanding $500,000.
Bridge B Loans may be Base Rate Loans or Eurodollar Rate Loans or any combination thereof, as further provided herein.