Incremental Term Loan B Facility definition

Incremental Term Loan B Facility as defined in Section 2.23(a)(i).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Incremental Term Loan B Facility means any Incremental Term Loan B Facility established pursuant to Section 2.20(c).

Incremental Term Loan B Facility and the term loans funded thereunder, the “Incremental Term B Loans”); and/or

Examples of Incremental Term Loan B Facility in a sentence

• Notwithstanding the foregoing, each Incremental Revolving Assumption Agreement, Incremental Term Loan A Facility Amendment and Incremental Term Loan B Facility Amendment may be effected in accordance with Section 2.20 without the consent of any Lenders other than the Incremental Lenders providing the Incremental Facility contemplated thereby.

• The final maturity date of the Incremental Term Loan B Facility shall be December 15, 2022 (the “Incremental Term Loan Maturity Date”).

• Citi will act as lead arranger and bookrunner for the Incremental Term Loan B Facility (as defined below), and will perform the duties customarily associated with such roles (together with any Additional Lead Arrangers appointed in accordance with the terms set forth in the Commitment Letter (if any), the “Lead Arrangers”).

• The provisions of Section 11.3 of the Existing Credit Agreement shall continue to apply, without limitation, to any other fees and expenses, including fees and expenses incurred in connection with the amendment to the Existing Credit Agreement to implement the Incremental Term Loan B Facility.

• In the event there are Lenders and Additional Lenders that have committed to the Incremental Term Loan B Facility in excess of the maximum amount requested (or permitted), then the Agent shall have the right to allocate such commitments, first, to Lenders and then to Additional Lenders.

More Definitions of Incremental Term Loan B Facility

Incremental Term Loan B Facility. 1. Amount: “B” incremental term loan facility in an aggregate principal amount of up to $675.0 million (as such amount may be reduced pursuant to paragraph (A) of Exhibit A to the Commitment Letter) (the “Incremental Term Loan B Facility”).

Incremental Term Loan B Facility an incremental term loan facility structured as a term loan “B” facility established hereunder pursuant to an Incremental Amendment providing for Incremental Term Loan Commitments.

Incremental Term Loan B Facility under the Borrower’s existing credit agreement dated April 30, 2013 (as amended by that certain First Amendment to Credit Agreement dated December 11, 2015, the “Existing Credit Agreement”) in an aggregate amount of up to $525 million, which may, at the Borrower’s option, be decreased by the proceeds of Senior Subordinated Notes in accordance with clause (B) below; and

Incremental Term Loan B Facility under the Borrower’s existing credit agreement dated April 30, 2013 (as amended by that certain First Amendment to Credit Agreement dated December 11, 2015, the “Existing Credit Agreement”) in an aggregate amount of up to $560.0 million, which shall be decreased by $235.0 million upon achievement of a Successful Solicitation (the date of the consummation of the Merger, the Acquisition and funding of the Incremental Term Loan B Facility and the Senior Subordinated Bridge Facility (if applicable), the “Closing Date”) and may, at the Borrower’s option, be decreased by the proceeds of Senior Subordinated Notes in accordance with clause (B) below;

Incremental Term Loan B Facility has the meaning ascribed to it in Section 1.1(c).

Incremental Term Loan B Facility under the Borrower’s existing credit agreement dated April 30, 2013 (as amended by that certain First Amendment to Credit Agreement dated December 11, 2015 and the Second Amendment to Credit Agreement dated November 8, 2016, the “Existing Credit Agreement”) in an aggregate amount of up to $675.0 million, which amount (1) may be reduced, at the Borrower’s option, in consultation with the Lead Arrangers, upon written notice delivered prior to the launch of general syndication, on a dollar-for-dollar basis by the NCM Net Cash Proceeds (as defined below) and (2) shall be automatically reduced on a dollar-for-dollar basis by the aggregate net cash proceeds of all offering of common stock by the Borrower (an “Equity Offering”) consummated prior to the launch of general syndication (x) that are not required to be applied to prepay amounts outstanding under the Bridge Credit Agreement or (y) that have not been applied to reduce the commitments in respect of the Senior Subordinated Bridge Facility as described below; and

Incremental Term Loan B Facility. 1. Amount: “B” incremental term loan facility in an aggregate principal amount of up to $560.0 million, which amount shall be automatically reduced by $235.0 million (the “Successful Solicitation Commitment Reduction Amount”) to $325.0 million if a Successful Solicitation is consummated on or prior to the Closing Date and shall be further reduced, on a dollar-for-dollar basis, by the net cash proceeds of Senior Subordinated Notes in excess of $300.0 million (the “Incremental Term Loan B Facility”).