Initial Term Loan B definition

Initial Term Loan B means a loan made by Lender pursuant to Section 2.01(a)(ii).
Sample 1Sample 2Sample 3
Initial Term Loan B has the meaning set forth in Section 2.2(b).
Sample 1

Examples of Initial Term Loan B in a sentence

  • Both immediately before and after giving effect to the receipt of Initial Term Loan B proceeds, there has not been a Material Adverse Effect since December 31, 2017; provided, that Parent’s transfer of a portion of its assets to iPass SPV in accordance with the Patent Assignment Agreement shall not constitute a Material Adverse Effect.

  • When repaid, the repaid portion of the Initial Term Loan B may not be re-borrowed.

  • Use the loan proceeds for (a) with respect to the Initial Term Loan A, the reduction of all outstanding trade payables or other accounts payable and (b) with respect to the Initial Term Loan B and any Delayed Draw Term Loan, working capital, capital expenditures and other general corporate purposes; provided, that in no event shall the proceeds from any Term Loan be used in contravention of any Law or of any Loan Document.

  • Amounts borrowed under the Initial Term Loan B Facility and the Term Loan C Facility bore interest based on applicable LIBOR rates, subject to a 0.75% floor, plus a fixed spread of 2.50%.

  • At December 31, 2017, the weighted average interest rate before taking into consideration interest rate swaps on outstanding borrowings was 4.02%, 4.20% and 3.83% under the Initial Term Loan B Facility, the Incremental Term Loan B Facility and the Term Loan C Facility, respectively.

  • The Borrower shall use commercially reasonable efforts to maintain public corporate family ratings of the Borrower (but not any specific rating) and facility ratings of the Initial Term Loan B Facility (but not any specific rating) from at least two of Fitch, Xxxxx’x and S&P (but not any specific rating).

  • Initial Term Loan B, TSFR3M + 3.000% 8.652% 7/21/28 400 397 5 First Student Bidco Inc.

  • Initial Term Loan B, TSFR3M + 3.000% 8.143% 7/21/28 401 386 6 First Student Bidco Inc.

  • United States 4,853,409 4,856,467 Tory Burch LLC , Initial Term Loan, B , 8.07 % , ( 1-month USD LIBOR + 3.5 % ), 4/16/28 ......................................

  • Conditions Precedent to Loans on the Initial Term Loan B Borrowing Date...........................................

Related to Initial Term Loan B

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

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

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Initial Term Facility means the Initial Term Loan Commitments and the Initial Term Loans made hereunder.

  • Initial Term Loan Commitment means the commitment of an Initial Term Lender under the Original Credit Agreement to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all Initial Term Lenders in the aggregate. The aggregate amount of the Term Loan Commitments was $2,000,000,000 on the Closing Date before the funding of any Term Loans.

  • Initial Term Lender means any Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Initial Term Commitment means, as to each Term Lender, its obligation to make an Initial Term Loan to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount not to exceed the amount set forth opposite such Term Lender’s name in Schedule 1.01A under the caption “Initial Term Commitment.” The initial aggregate principal amount of the Initial Term Commitments as of the Closing Date was $2,670,000,000.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Initial Term Loan Maturity Date means August 15, 2025 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

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