Initial Tranche B-2 Term Loan definition
Examples of Initial Tranche B-2 Term Loan in a sentence
The Borrowers have requested that the Lenders provide a multicurrency revolving credit facility, a Dollar Initial Tranche B-1 Term Loan facility and a Dollar Initial Tranche B-2 Term Loan facility and that the L/C Issuers issue multicurrency letters of credit, and the Lenders have indicated their willingness to lend and the L/C Issuers have indicated its willingness to issue letters of credit, in each case, on the terms and subject to the conditions set forth herein.
All Borrowings of Initial Tranche B-1 Term Loans, Initial Tranche B-2 Term Loans, and Revolving Loans under this Agreement shall be incurred from the Lenders pro rata on the basis of their Initial Tranche B-1 Term Loan Commitments, Initial Tranche B-2 Term Loan Commitments, or Revolving Loan Commitments, as the case may be; provided that all Mandatory Borrowings shall be incurred from the RL Lenders pro rata on the basis of their RL Percentages.
The Initial Tranche B-2 Term Loan evidenced hereby is guaranteed and secured as provided therein and in the other Credit Documents.
The Initial Tranche B-2 Term Loan made by the Lender shall be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course of business.
The Borrower promises to pay interest on the unpaid principal amount of the Initial Tranche B-2 Term Loan made by the Lender from the date of such Loan until such principal amount is paid in full, at such interest rates and at such times as provided in the Agreement.