Facility B Term Loan definition

Facility B Term Loan means a loan under Facility B which is converted to a term loan pursuant to Section 2.19 or Section 2.20.
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Facility B Term Loan has the meaning specified in subsection 2.01(b), and may be a Base Rate Loan or a Eurodollar Rate Loan.
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Facility B Term Loan has the meaning specified in Section 2.8.1. "Facility B Term Loan Maturity Date" has the meaning specified in Section 2.8.1. "Federal Funds Rate" means, for any day, the rate per annum (rounded upwards to the nearest 1/100 of 1%) equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate charged to Bank of America on such day on such transactions as determined by the Administrative Agent. "Fixed Rate" means the Eurodollar Rate, the Eurodollar Bid Rate or the Absolute Rate. "Fixed Rate Advance" means an Advance which bears interest at a Fixed Rate. "Fixed Rate Loan" means a Loan which bears interest at a Fixed Rate. "Floating Rate" means, for any day, a rate per annum equal to the Alternate Base Rate. "Floating Rate Advance" means a Floating Rate Facility A Advance or a Floating Rate Facility B Advance. "Floating Rate Facility A Advance" means a Facility A Advance which bears interest at the Floating Rate. "Floating Rate Facility B Advance" means a Facility B Advance which bears interest at the Floating Rate. "Floating Rate Interest Period" means, with respect to a Floating Rate Advance, a period of three months commencing on a Business Day selected by the Borrower pursuant to this Agreement. If such Floating Rate Interest Period would end on a day which is not a Business Day, such Floating Rate Interest Period shall end on the next succeeding Business Day. "Floating Rate Loan" means a Loan which bears interest at the Floating Rate. "Further Taxes" means any and all present or future taxes, levies, assessments, imposts, duties, deductions, fees, withholdings or similar charges (including net income taxes and franchise taxes), and all liabilities with respect thereto, imposed by any jurisdiction on account of amounts payable or paid pursuant to Section 3.1. "Governmental Authority" means any nation or government, any state or other political subdivision thereof, any agency, authority, instrumentality, regulator...
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Examples of Facility B Term Loan in a sentence

  • All Facility B Term Loan Advances shall be made by each Lender in accordance with its Facility B Term Loan Specified Percentage.

  • The report’s scope and level of detail should be commensurate with the project’s potential impacts and risks, and should address the issues set out in the international standards applied to the project.

  • Notwithstanding any provision in any Loan Document to the contrary, in no event shall the principal amount of all outstanding Facility B Term Loan Advances exceed the Facility B Term Loan Commitment.

  • Immediately upon the making of the Facility B Term Loan Advances, the Facility B Term Loan Commitment shall be automatically terminated.

  • The Company has an authorized capitalization of 74,000,000 shares of Common Stock, $0.001 par value and 1,000,000 shares of Preferred Stock.

  • Each such prepayment shall be applied pro rata to all of the unpaid scheduled installment payments of the Facility A Term Loan Advances and the Facility B Term Loan Advances, in each case pro rata based upon the respective principal amounts of such installment payments then unpaid.

  • Notwithstanding anything in the Credit Agreement or any other Loan Document, commencing on the date of this Amendment and continuing at all times thereafter the Borrower shall not permit the sum of (a) the outstanding principal amount of all Revolving Credit Advances, Facility A Term Loan Advances and Facility B Term Loan Advances and (b) without duplication, the Reimbursement Obligations, to exceed the book value of the Liquid Assets of the Borrower and each other Obligor.

  • The "Class" of a Loan refers to whether such Loan is a Revolving Credit Loan, a Facility A Term Loan, a Facility B Term Loan or an Incremental Facility Loan of a particular Series, each of which constitutes a Class.

  • Facility B Term Loans borrowed and repaid prior to the Facility B Term Loan Commitment Termination Date may not be reborrowed.

  • Anything herein to the contrary notwithstanding, no Revolving Credit Loans may be made hereunder on the Effective Date unless the Company shall be simultaneously borrowing Facility A and Facility B Term Loans hereunder in an aggregate amount equal to the original Facility A and Facility B Term Loan Commitments hereunder.


More Definitions of Facility B Term Loan

Facility B Term Loan means a loan under Facility B which is converted to a term loan pursuant to Section 2.16.
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Facility B Term Loan means, collectively, each of the Loans made to the Borrower in accordance with subsection 2.1(a).
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Facility B Term Loan has the meaning assigned to it in Section 2.1(d).
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Facility B Term Loan a term loan made to the Borrower by the Lender under the provisions of Section 2.2.
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Facility B Term Loan is defined in Section 2.5(i).
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Facility B Term Loan means any loan made pursuant to Section 2.1(c) hereof.
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Related to Facility B Term Loan

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche A Term Loan as defined in Section 2.1.

  • Tranche A Term Loan Lender means a Lender with a Tranche A Term Loan Commitment or an outstanding Tranche A Term Loan.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • New Term Loan Facility means the facility providing for the Borrowing of New Term Loans.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Tranche B Term Loan Lender means a Lender with a Tranche B Term Loan Commitment or an outstanding Tranche B Term Loan.

  • Tranche C Term Loan Commitment means, with respect to each Tranche C Term Loan Lender, the commitment of such Lender to make Tranche C Term Loans under the Tranche C Term Loan Incremental Facility Agreement.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Tranche A Term Lender means a Lender with a Tranche A Term Commitment or an outstanding Tranche A Term Loan.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Tranche B Term Lender each Lender that has a Tranche B Term Commitment or that holds a Tranche B Term Loan.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • New Term Loan Lender shall have the meaning provided in Section 2.14(c).

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.