Initial Term B Loan definition

Initial Term B Loan has the meaning assigned to such term in Section 2.1.4 [Term B Loans].
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Initial Term B Loan as defined in Section 2.1(a)(i).
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Initial Term B Loan means a Term Loan made by a Lender to the Borrower on the Closing Date pursuant to Section 2.1(a).
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Examples of Initial Term B Loan in a sentence

  • The Borrower agrees to pay, or cause to be paid, to the Administrative Agent, for the account of each Initial Term B Lender (other than any Defaulting Lender), an unused commitment fee equal to the amount of the average unutilized Initial Term B Loan Commitment multiplied by the sum of the Adjusted LIBO Rate for a three-month Interest Period plus the Applicable Margin for Eurodollar Initial Term B Loans.

  • On the Effective Date, the Borrower agrees to pay, or cause to be paid, to the Administrative Agent, for the account of each Initial Term B Lender, [REDACTED]% of the aggregate principal amount of the Initial Term B Loan Commitment of such Initial Term B Lender.

  • The full amount of the Initial Term B Loan Commitments may be drawn in three separate drawings during the Initial Term B Availability Period.

  • On each date of incurrence of any Initial Term B Loans (and after giving effect to the incurrence thereof), the Initial Term B Loan Commitment of each Initial Term B Lender shall be reduced by the aggregate principal amount of the Initial Term B Loan made by such Initial Term B Lender on such date.

  • Unless previously terminated in accordance with the terms of this Agreement, (a) the Initial Revolving Credit Commitments shall terminate on the Initial Revolving Maturity Date, (b) the other Revolving Credit Commitments shall terminate on the applicable Revolving Facility Maturity Date, and (c) the Initial Term B Loan Commitments shall terminate on the Initial Term B Termination Date.


More Definitions of Initial Term B Loan

Initial Term B Loan has the meaning specified in Section 2.01(a).
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Initial Term B Loan means a Loan made pursuant to Section 2.01(a)(i).
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Initial Term B Loan means the Term B Loans made on the Closing Date by the Term B Lenders that are outstanding immediately prior to the effectiveness of the Second Amendment.
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Initial Term B Loan has the meaning set forth in Section 2.14. ------------------- ------------
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Initial Term B Loan shall have the meaning provided in Section 2.1(a).mean, collectively, (i) the Term B Loans made to the Borrower on the Closing Date pursuant to Section 2.1(a) and (ii) the 2023-1 Incremental Term B Loans made to the Borrower on the Amendment No. 1 Effective Date pursuant to Amendment No. 1.
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Initial Term B Loan is defined in CLAUSE (c) of SECTION 2.1.1.
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Initial Term B Loan means the Term B Loans held by the Lenders under the Existing Credit Agreement continued hereunder.
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