Converted Term B-2 Loans definition

Converted Term B-2 Loans means each Term B Loan held by a Converting Term B Lender on the Amendment No. 2 Effective Date immediately prior to the effectiveness of Amendment No. 2; provided that the amount of such Converting Term B Lender’s Converted Term B-2 Loan may be such lesser amount as provided in Amendment No. 2.

Converted Term B-2 Loans with respect to any Amendment No. 2 Consenting Lender that has indicated on its counterpart to Amendment No. 2 that it is requesting to have its Term B-2 Loans converted to Term B-3 Loans, the entire aggregate outstanding amount of the Term B-2 Loan held by such Amendment No. 2 Consenting Lender immediately prior to the Amendment No. 2 Effective Date (or such lesser amount as notified to such Amendment No. 2 Consenting Lender by the Administrative Agent prior to the Amendment No. 2 Effective Date).

Converted Term B-2 Loans means each Existing Term B Loan held by a Converting Consenting Term B Lender on the First Amendment Effective Date immediately prior to the funding of the corresponding Term B-2 Loan on such date.

Examples of Converted Term B-2 Loans in a sentence

• Use the proceeds of the Term B-3 Loans to repay in full Term B-2 Loans that are not Converted Term B-2 Loans.

• The proceeds of the Term B-3 Loans borrowed in respect of the Additional Term B-3 Commitment shall be used on or about the Amendment No. 7 Effective Date to repay Term B-2 Loans that are not Converted Term B-2 Loans.

• For the avoidance of doubt, notwithstanding the foregoing, no Lender shall demand, and the Borrower shall not be obliged to make, any funding loss payments pursuant to this Section 3.05 with respect to the payment of accrued interest on the Amendment No. 7 Effective Date with respect to the Converted Term B-2 Loans.

• On the Amendment No. 4 Effective Date all Term B-2 Loans that are not Converted Term B-2 Loans and that are outstanding on the Amendment No. 4 Effective Date shall be repaid in full.

• However it is predicted that the effect will be mitigated to an extent since the major manufacturers (Philips, Osram etc.) are suppliers of both compliant and non-compliant lamps, so are expected simply to switch over and increase production of compliant lamps such as CFLs in the future.

• The Borrower shall repay all Existing Term B1 Loans (other than Converted Term B1 Loans) and Existing Term B2 Loans (other than Converted Term B2 Loans) on the Amendment No. 1 Effective Date, together with all accrued interest on all Existing Term B1 Loans and Existing Term B2 Loans to but excluding the Amendment No. 1 Effective Date.

• Use the proceeds of the Term B-3 Loans made by the Additional Term B-3 Lender on the Amendment No. 3 Effective Date for any purpose other than the repayment of Term B Loans that do not constitute Converted Term B Loans and the repayment of Term B-2 Loans that do not constitute Converted Term B-2 Loans.

• On the Amendment No. 4 Effective Date, promptly following the conversion of Converted Term B-2 Loans to Term B-3 Loans to occur on such date, the Borrower shall prepay all then remaining Term B-2 Loans.

• On the Amendment No. 4 Effective Date all Term B-2 Loans that are not Converted Term B-2 Loans and that are outstanding on the Amendment No. 46 Effective Date shall be repaid in full.

• The proceeds of the Term B-3 Loans shall be used for the repayment of Term B-2 Loans that are not Converted Term B-2 Loans.