Examples of Converted Term B Loans in a sentence
Each Amendment No. 3 Consenting Lender and Additional Term B-1 Lender acknowledges and agrees that no proceeds of Term B-1 Loans will be applied to prepay or repay any Converted Term B Loans or Term B-1 Loans.
All proceeds of Term B-1 Loans incurred on the Amendment No. 3 Effective Date will be used by the Borrower to prepay Term B Loans that are not Converted Term B Loans on the Amendment No. 3 Effective Date.
Substantially simultaneous with effectiveness, the Lenders (including all Cashless Option Lenders but excluding the Additional Term B-3 Lender in its capacity as such) under the existing Credit Agreement shall have been paid (x) all accrued principal (other than the principal amount of Converted Term B Loans) and interest on their Term B-2 Loans to, but not including, the Amendment No. 2 Effective Date and (y) the prepayment premium pursuant to Section 5.01(b) of the Credit Agreement.
Without limiting the generality of the foregoing, each Continuing Term B Lender shall have a commitment to acquire by Term B Conversion Converted Term B Loans in the amount of Original Term B Loans then held by such Continuing Term B Lender (or such lesser amount equal to its New Term B Commitment).
All Term C Loans that constitute Converted Term B Loans will be of the Type and have the Interest Period (if applicable) specified in the Committed Loan Notice delivered in connection therewith.
The Consents and the Joinder shall have been duly executed by each existing Term Lender or Additional Term C Lender, as applicable, such that upon such execution by all such Lenders, the aggregate principal amount of the Converted Term B Loans, the Increased Term C Loans and the Additional Term C Loans is equal to $2,277,500,000.00.
Without limiting the generality of the foregoing, each Continuing Term B Lender shall have a commitment to acquire by Term B Conversion Converted Term B Loans in the amount of Existing Term B Loans then held by such Continuing Term B Lender (or such lesser amount equal to its New Term B Commitment).
On the Amendment No. 2 Effective Date all Term A Loans and all Term B Loans that are not Converted Term B Loans, in each case, that are outstanding on the Amendment No. 2 Effective Date shall be repaid in full.
All accrued and unpaid interest on the Converted Term B Loans to, but not including, the Amendment No. 3 Effective Date shall be payable on the Amendment No. 3 Effective Date, but no amounts under Section 3.05 shall be payable in connection with such conversion.
For the avoidance of doubt, notwithstanding the foregoing, no Lender shall demand, and the Borrower shall not be obligated to make, any funding loss payments pursuant to this Section 3.05 with respect to the payment of accrued interest on the Amendment No. 2 Effective Date with respect to the Converted Term B Loans.