Existing Tranche B Term Loans definition

Existing Tranche B Term Loans as defined in the Seventh Amendment.

Existing Tranche B Term Loans means “Tranche B Term Loans” outstanding under the Existing Credit Agreement immediately prior to the Restatement Effective Date.

Existing Tranche B Term Loans and, together with the Existing Tranche A Term Loans, the “Existing Term Loans”) and (iii) upon the Refinancing Date, to have made New Tranche B Term Loans in such amount (not in excess of the amount of its Existing Tranche B Term Loans) as is determined by the Borrower and the Arrangers and notified to such Existing Tranche B Term Lender, by exchanging Existing Tranche B Term Loans in such amount for New Tranche B Term Loans in an equal principal amount.

Examples of Existing Tranche B Term Loans in a sentence

• Election [Check ONLY ONE of the two boxes below]: x CASHLESS SETTLEMENT OPTION: By checking this box, the undersigned Tranche B Term Lender hereby consents to the Amendment and agrees to exchange (on a cashless basis) 100% of the outstanding principal amount of its Existing Tranche B Term Loans (or such lesser amount allocated to such Tranche B Term Lender by the Administrative Agent) for Exchanged Refinancing Tranche B Term Loans in an equal principal amount.

• The proceeds of the Tranche B Term Loans made on the Seventh Amendment Effective Date shall be used only (i) to repay in full the outstanding principal amount of the Existing Tranche B Term Loans, together with any accrued interest and other amounts owing in respect thereof, (ii) for general corporate purposes and (iii) to pay related costs and expenses.

• Fellows Title: Managing Director/Co-Head For any Lender requiring a second signature line: By Name: Title: ☒ In addition to consenting to the Amendment Agreement, the above signed institution also elects to roll on a cashless basis its Existing Tranche B Term Loans into such Existing Tranche B Term Loans as amended by this Amendment Agreement.

• Jorgensen Title: AVP/Leveraged Credit ☒ In addition to consenting to the Amendment Agreement, the above signed institution also elects to roll on a cashless basis its Existing Tranche B Term Loans into such Existing Tranche B Term Loans as amended by this Amendment Agreement.

• The Borrower will not be required to make any payments to Converting Tranche B Term Lenders under Section 2.16 of the Credit Agreement in connection with the conversion of their Existing Tranche B Term Loans into New Tranche B Term Loans.

More Definitions of Existing Tranche B Term Loans

Existing Tranche B Term Loans as defined in Section 12.18(b).

Existing Tranche B Term Loans means such Loans of all Existing Lenders, collectively.

Existing Tranche B Term Loans as defined in Section 2.1(c).

Existing Tranche B Term Loans means the "Tranche B Term Loans" under, and as defined in, the Second Amended and Restated Credit Agreement.

Existing Tranche B Term Loans on the Effective Date in an aggregate principal amount not to exceed $430,000,000 and (b) Revolving Loans, Swingline Loans and Letters of Credit (in each case as defined in this Agreement as in effect prior to the Second Amendment Effective Date) at any time and from time to time during the Revolving Availability Period (as defined in this Agreement as in effect prior to the Second Amendment Effective Date), in an aggregate principal amount at any time outstanding not to exceed $100,000,000. The proceeds of the Existing Tranche B Term Loans and any Revolving Loans borrowed on the Effective Date were used by the Borrower on the Effective Date, solely (i) first, to pay the Transaction Costs, (ii) second, to pay all principal, interest, fees and other amounts outstanding under the Existing Credit Facilities and (iii) third, together with the Equity Contributions, to pay the merger consideration (the “Merger Consideration”) required by the Merger Agreement. The proceeds of Revolving Loans borrowed after the Effective Date, Swingline Loans and Letters of Credit will be used by the Borrower for working capital and general corporate purposes (including Permitted Acquisitions). The Lenders are willing to extend such credit to the Borrower, and the Issuing Bank is willing to issue Letters of Credit for the account of the Borrower, on the terms and subject to the conditions set forth herein. Accordingly, the parties hereto agree as follows:

Existing Tranche B Term Loans as defined in the First Amendment.

Existing Tranche B Term Loans as defined in the recitals hereto.