Class B Revolving Loan definition

Class B Revolving Loan means a Loan made by a Class B Revolving Lender to Company pursuant to Section 2.1.

Class B Revolving Loan means (a) each Revolving Loan outstanding under (and as defined in) the Existing Credit Agreement as of the Restatement Effective Date as to which the Lender is a Class B Lender and (b) a Loan made on or after the Restatement Effective Date pursuant to Section 2.01(b).

Class B Revolving Loan each Revolving Loan made by a Class B Lender.

Examples of Class B Revolving Loan in a sentence

• On or prior to the first date upon which any Class B Revolving Lender makes a Class B Revolving Loan to Company pursuant to Section 2.1(a)(ii), each Class B Lender hereby agrees to appoint an agent to act in accordance with the terms hereof and the other Credit Documents (the “Class B Agent”).

• Notwithstanding anything herein to the contrary, on any Credit Date with respect to a Credit Extension of a Class B Revolving Loan, Company may without further action on the part of Company distribute the proceeds of such Class B Revolving Loan to Holdings so long as no Class B Borrowing Base Deficiency or Class A Borrowing Base Deficiency has occurred or would result therefrom (a “Borrower Distribution”).

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• The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Class B Lender the then unpaid principal amount of each Class B Revolving Loan of such Class B Lender on the Termination Date of the Class B Revolving Commitments (or on the respective Termination Date following any Extension of Revolving Commitments with respect to any Class B Revolving Commitments pursuant to Section 2.27).

• Each such request for borrowing shall be irrevocable and shall specify (A) that a Class A Revolving Loan or a Class B Revolving Loan is requested, (B) the date of the requested borrowing (which shall be a Business Day), (C) the aggregate principal amount to be borrowed, and (D) whether the borrowing shall be comprised of Prime Rate Loans, Eurodollar Loans or a combination thereof, and if Eurodollar Loans are requested, the Interest Period(s) therefor.

More Definitions of Class B Revolving Loan

Class B Revolving Loan means a Revolving Loan (a) outstanding under (and as defined in) the Existing Credit Agreement as of the Restatement Effective Date that became a Class B Revolving Facility Loan hereunder pursuant to the Amendment and Restatement Agreement and (b) made by a Class B Revolving Lender on or after the Restatement Effective Date pursuant to Section 2.01(a)(i)(B).

Class B Revolving Loan means a Revolving Loan made by a Class B Revolving Lender to the Borrower pursuant to Section 2.1.

Class B Revolving Loan means a Revolving Credit Loan made by any Class B Revolving Lender pursuant to its Class B Revolving Commitment. “Code” means the Internal Revenue Code of 1986, as amended from time to time. “Collateral” means any and all assets, whether real or personal, tangible or intangible, on which Liens are purported to be granted pursuant to the Security Documents as security for the Secured Obligations. “Collateral Agent” has the meaning assigned to such term in the Collateral Agreement. 14 US-DOCS\115047431.4

Class B Revolving Loan means a Revolving Credit Loan made by any Class B Revolving Lender pursuant to its Class B Revolving Commitment. “Code” means the Internal Revenue Code of 1986, as amended from time to time. “Collateral” means any and all assets, whether real or personal, tangible or intangible, on which Liens are purported to be granted pursuant to the Security Documents as security for the Secured Obligations. “Collateral Agent” has the meaning assigned to such term in the Collateral Agreement. “Collateral Agreement” means the Collateral Agreement among Holdings, the Borrower, each other Loan Party and the Collateral Agent, substantially in the form of Exhibit C. “Collateral and Guarantee Requirement” means, at any time, the requirement that: (a) the Administrative Agent shall have received from (i) Holdings, the Borrower and each other Domestic Subsidiary (other than an Excluded Subsidiary) either (x) a counterpart of the Guarantee Agreement duly executed and delivered on behalf of such Person or (y) in the case of any Person that becomes or is required to become a Loan Party after the Effective Date (including by ceasing to be an Excluded Subsidiary), a supplement to the Guarantee Agreement, in the form specified therein, duly executed and delivered on behalf of such Person and (ii) Holdings, the Borrower and each Subsidiary Loan Party either (x) a counterpart of the Collateral Agreement duly executed and delivered on behalf of such Person or (y) in the case of any Person that becomes or is required to become a Loan Party after the Effective Date (including by ceasing to be an Excluded Subsidiary), a supplement to the Collateral Agreement, in the form specified therein, duly executed and delivered on behalf of such Person, in each case under this clause (a) together with, in the case of any such Loan Document executed and delivered after the Effective Date, documents of the type referred to in Section 4.01(b) and Section 4.01(d); (b) all outstanding Equity Interests of the Borrower and the Restricted Subsidiaries (other than any Equity Interests constituting Excluded Assets) owned by or on behalf of any Loan Party shall have been pledged pursuant to the Collateral Agreement and (except in the case of Equity Interests of Immaterial Subsidiaries or of Persons who are not Restricted Subsidiaries, including any Joint Ventures that are not Restricted Subsidiaries) the Collateral Agent shall have received certificates or other instruments representing all such Equity Interes...

Class B Revolving Loan means a Revolving Loan made by a Class B Revolving Lender to the Borrower pursuant to Section 0. “Class B Undrawn Fee” means [***] “Collateral” means, collectively, all of the property (including Capital Stock of the Borrower) in which Liens are purported to be granted pursuant to the Collateral Documents as security for the Obligations. “Collateral Agent” as defined in the preamble hereto.

Class B Revolving Loan means a loan made by a Class B Lender to Company pursuant toSection 2.1.

Class B Revolving Loan. A Revolving Loan funded or maintained by a Class B Lender.