Class B Loans definition

Class B Loans means the loans funded by the Class B Advances made by the Class B Lenders. “Class B Maximum Principal Amount” means $66,666,667.
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Class B Loans means the loans funded by the Class B Advances made by the Class B Lenders.
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Class B Loans. The Class B Loans incurred by the Issuer under the Credit Agreement.
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Examples of Class B Loans in a sentence

  • The Borrower and CPS are the sole parties responsible for compliance with Rule 17g-5 in connection with the issuance and monitoring of the credit ratings on the Class A Loans and the Class B Loans.

  • Other than with respect to the payment priorities of the Class A Loans and the Class B Loans set forth herein, none of the Obligations are subordinated in any way to any other obligations of Borrower, any other Credit Party or to the rights of any other Person.

  • The Notice of Borrowing shall specify (A) the aggregate amount of the Borrowing, (B) the date of the Borrowing, (C) the allocation of the Loans as Class A Loans and Class B Loans and (D) in an electronic file acceptable to the Lenders, the Eligible Receivables to be Pledged in connection with the Borrowing (and upon the Borrowing, such Receivables shall be Pledged Receivables hereunder).

  • Payments in respect of principal and Interest (including pursuant to Section 2.06) shall be allocated and applied to Owners of such Note based on their respective Invested Percentages that are Class A Loans or Class B Loans, as applicable, or in any such case in such other proportions as each affected Lender may agree upon in writing from time to time with such Agent and the Borrower.

  • Payments of the Unused Commitment Fee shall be allocated and paid to Owners based upon their respective Invested Percentages of the Loans Outstanding that are Class A Loans or Class B Loans, as applicable, for the applicable Interest Period.

  • All prepayments of the Loans then outstanding pursuant to this paragraph (vi) shall be applied, first, to prepay Class A Loans in inverse order of maturity until the Class A Loans are prepaid in full, second, to prepay Class B Loans until the Class B Loans are prepaid in full, and thereafter, to prepay Revolving Loans until the Revolving Loans are prepaid in full.

  • The Borrower has complied with the representations, certifications and covenants made to Standard & Poor’s (the “Hired NRSRO”) in connection with the engagement of the Hired NRSRO to issue and monitor a credit rating on the Class A Loans and the Class B Loans, including any certification provided to the Hired NRSRO in connection with clause (a)(3)(iii) of Rule 17g-5 of the Exchange Act (“Rule 17g-5”).

  • All prepayments of the Loans then outstanding pursuant to this paragraph (v) shall be applied, first, to prepay Class A Loans in inverse order of maturity until the Class A Loans are prepaid in full, second, to prepay Class B Loans until the Class B Loans are prepaid in full, and thereafter, to prepay Revolving Loans until the Revolving Loans are prepaid in full.

  • Pursuant to Section 2.15(a)(i) of the Credit Agreement, the Borrower gives notice of its intent to effect a Securitization on or about , 201 (which date is no fewer than 30 days after the date of delivery of this notice to the Administrative Agent) and on such date, the Borrower elects (i) to prepay the aggregate Principal Amount of the Class A Loans [in whole]/[in an amount equal to $[ ]] and (ii) to prepay the aggregate Principal Amount of the Class B Loans [in whole]/[in an amount equal to $[ ]].

  • Each Class A Loan and Class B Loan shall be made as part of a Term Loan Borrowing consisting of Class A Loans and Class B Loans (ratably in accordance with the respective Class A Commitments and Class B Commitments) made by the Class A Lenders and the Class B Lenders ratably in accordance with their respective Pro Rata Shares.


More Definitions of Class B Loans

Class B Loans means the Loans made or to be made by the Class B Lenders.
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Class B Loans is defined in the second recital.
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Class B Loans shall have the meaning specified in the recitals.
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Class B Loans means any loan designated as a “Class B Loan” on Schedule I hereto made by a Class B Lender pursuant to Section 2.02. “Class B Interest Rate” means, for any day in any Interest Period, the sum of (a) Adjusted Term SOFR plus (b) the Applicable Margin plus (c) for any day on which an Event of Default has occurred and is continuing, an additional default rate of interest equal to 2.00% per annum; provided, however, that no provision of this Agreement shall require the payment or permit the collection of Interest in excess of the maximum permitted by Applicable Law. “Closing Date” means April 27, 2021.
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Class B Loans means the Loans made by the Class B Lenders in the maximum amount equal to the Class B Loans Borrowing Limit pursuant to Section 2.01.
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Related to Class B Loans

  • Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • New Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Term A Loans has the meaning specified in Section 2.01(b).

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

  • Existing Class Loans shall have the meaning assigned to such term in Section 9.08(f).

  • Term B Loans means (a) the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a), and (b) any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

  • Revolving Loans as defined in Section 2.4(a).

  • Lower-Tier Principal Amount As described in the Preliminary Statement.

  • Tranche the collective reference to Eurodollar Loans the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Class B Note Balance means, at any time, the Initial Class B Note Balance reduced by all payments of principal made prior to such time on the Class B Notes.

  • Initial Class B Note Balance means $163,150,000.