Existing Tranche B Loans definition

Existing Tranche B Loans has the meaning specified in Section 2.01(c).

Existing Tranche B Loans means the Tranche B Term Loans provided under the Existing FNIS Credit Agreement.

Existing Tranche B Loans has the meaning assigned to such term in the recitals to this Agreement.

Examples of Existing Tranche B Loans in a sentence

• After the occurrence of the Contribution and prior to but substantially concurrently with the occurrence of the Spin-Off, the Existing Tranche B Lenders shall participate in the exchange by the Initial Term Lender of its Term B Loan for a like amount of the Existing Tranche B Loans held by the Existing Tranche B Lenders subject to the terms and conditions set forth in this Agreement and in the Exchange Agreement.

• After the occurrence of the Contribution and prior to but substantially concurrently with the occurrence of the Spin-Off, the Existing Tranche B Lenders shall participate in the exchange by the Initial Term Lender of its Term A Loan for a like amount of the Existing Tranche B Loans held by the Existing Tranche B Lenders subject to the terms and conditions set forth in this Agreement and in the Exchange Agreement.

• In connection with the Spin-Off, FNIS shall exchange such Exchange Debt for all of the Existing Tranche B Loans held by the Existing Tranche B Lenders through a debt-for-debt exchange.

• The Administrative Agent may, in consultation with Borrower, establish minimum amounts and minimum increments in which the Existing Tranche B Loans may be converted to Tranche B-2 Term Loans.

• Pursuant to the Existing Loan Agreement, each of the Banks with a Tranche B Commitment thereunder have made term loans designated as “Tranche B Loans” to the Borrower in the aggregate principal amount of $150,000,000 (the “Existing Tranche B Loans”) and such Existing Tranche B Loans are outstanding on the date hereof and shall continue to be outstanding under this Agreement as “Tranche B Loans”.

• The proceeds of the New Tranche B Loans and the Tranche B Exit Fee (as defined in the Credit Agreement immediately prior to giving effect to this Amendment) payable on account of the Existing Tranche B Loans shall be payable and/or distributed, as applicable, in accordance with the Cashless Roll Letter (as defined in Appendix 3).

• If the Company shall have complied with its obligations under the Existing Loan Agreement to prepay the Existing Tranche A Loans and Existing Tranche B Loans from the proceeds of Asset Sales (as such term is defined in the Existing Loan Agreement), no Asset Sale shall constitute a Material Adverse Effect for purposes of this subsection 4.1G.

• Any amounts of accrued interest or other amounts owed (whether or not presently due and payable) by Borrowers to the Lenders under or in respect of the Existing Tranche A Loans and Existing Tranche B Loans shall, as of the Effective Date, continue to be due and payable to the Lenders under the Revolving Notes issued to the Lenders under this Amended Loan Agreement.

• Borrowers shall have paid to Agent for distribution to the Lenders under the Existing Loan Agreement principal on the Existing Tranche B Loans in an amount equal to the excess of the aggregate principal amount of such loans on the Effective Date over $10,350,000.

• The conversion of the Existing Tranche A Loans and Existing Tranche B Loans hereunder shall not be deemed to be repayment thereof, and Borrowers shall not be required to deliver any notice of prepayment or notice of borrowing or to satisfy any other condition relating to required amounts of prepayments or borrowings hereunder with respect to such conversion of the Existing Tranche A Loans and Existing Tranche B Loans.

More Definitions of Existing Tranche B Loans

Existing Tranche B Loans means “Tranche B Loans” (as defined in the First Amended and Restated Credit Agreement) outstanding under the First Amended and Restated Credit Agreement immediately prior to the Second Restatement Effective Date.

Existing Tranche B Loans and such Existing Tranche B Loans are outstanding on the date hereof and shall continue to be outstanding under this Agreement as “Tranche B Loans”. As of the Closing Date, each Bank will continue to have a Tranche B Commitment as set forth in Schedule 1 attached hereto. Notwithstanding the foregoing, any incremental Tranche B Loans shall be made in accordance with Section 2.15.

Existing Tranche B Loans means each "Tranche B Loan," under, and as defined in, the Existing Credit Agreement.

Existing Tranche B Loans with new Tranche B Loans in the aggregate principal amount of $65 million (such new Tranche B Loans, the “New Tranche B Loans”);