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.

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.

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...

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.

• Facility B Term Loan Advances may not be repaid and then reborrowed.

• 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.

• Such Notice of Borrowing shall (i) specify the requested funding date, which shall be a Business Day, the amount of the proposed aggregate Base Rate Advances to be made by the Lenders, and whether such Advance is a Revolving Credit Advance, Facility A Term Loan Advance or Facility B Term Loan Advance, and (ii) confirm that no Default or Event of Default has occurred and is continuing.

• 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.

More Definitions of Facility B Term Loan

Facility B Term Loan has the meaning assigned to it in Section 2.1(d).

Facility B Term Loan means any loan made pursuant to Section 2.1(c) hereof.

Facility B Term Loan is defined in Section 2.5(i).

Facility B Term Loan means, collectively, each of the Loans made to the Borrower in accordance with subsection 2.1(a).

Facility B Term Loan means any Facility B Revolving Loan converted to a term loan pursuant to the Term Out Option or the principal amount outstanding for the time being of that loan.

Facility B Term Loan means a loan under Facility B which is converted to a term loan pursuant to Section 2.16.

Facility B Term Loan a term loan made to the Borrower by the Lender under the provisions of Section 2.2.