Examples of New Term B-1 Loans in a sentence
The New Term B-1 Commitment of each New Term B-1 Lender shall be automatically and permanently reduced to $0 upon the making of such New Term B-1 Lender’s New Term B-1 Loans pursuant to Section 2.01.
This Amendment (subject to Section 4) and the obligation of each New Term B-1 Lender to make or acquire by continuation New Term B-1 Loans shall become effective as of the date (the “Effective Date”) on which the conditions set forth in Section 4.05 of the Amended Credit Agreement have been satisfied.
The, (iii) New Term B-1 Loans on the Amendment No. 1 Effective Date in an aggregate principal amount of $350,000,000 pursuant to Amendment No. 1, (iv) Term B-2 Loans on the Amendment No. 1 Effective Date in an aggregate principal amount of $650,000,000 pursuant to Amendment No. 1 and (v) a Revolving Commitment Increase in an aggregate principal committed amount of $125,000,000 pursuant to Amendment No. 1.
The Borrower shall have delivered to the Administrative Agent a Loan Notice relating to the New Term B-1 Loans, the Term B-2 Loans and (if applicable) any Revolving Credit Loans to be borrowed on the Amendment No. 1 Effective Date which shall be delivered in accordance with Section 2.02(a) of the Existing Credit Agreement (but, notwithstanding anything to the contrary therein, by not later than 9:00 a.m. (New York City time) one (1) Business Day prior to the Amendment No. 1 Effective Date).
All accrued and unpaid interest on the New Term B-1 Loans to, but not including, the Amendment No. 12 Effective Date shall be payable on the Amendment No. 12 Effective Date, but no amounts under Section 2.14 shall be payable in connection with such conversion.
By its execution of this Amendment, each Existing Term Lender and each Voting Participant hereby waives any fee owed and payable to it pursuant to Section 2.20 of the Existing Credit Agreement as a result of the incurrence of the New Term B-1 Loans and/or the Term B-2 Loans or any amendments to the Existing Credit Agreement under this Agreement.
Subject to the satisfaction of the conditions set forth in Section 2 of Amendment No. 12, the parties thereto have agreed to lend Term B-12 Loans and/or convert their New Term B-1 Loans into Term B-12 Loans, in each case, on the terms and subject to the conditions set forth therein and herein.
The Borrower shall prepay the aggregate principal amount of the Non-Converted New Term B-1 Loans substantially concurrently with the receipt of the proceeds of the Term B-12 Loans.
All accrued and unpaid interest on the Non-Converted New Term B-1 Loans to, but not including, the Amendment No. 12 Effective Date shall be payable on the Amendment No. 12 Effective Date, and the Borrower will make any payments required under Section 2.14 with respect to Non-Converted New Term B-1 Loans in accordance therewith.