New Term B-1 Loans definition

New Term B-1 Loans has the meaning specified in Amendment No. 1.
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New Term B-1 Loans means the Loans made or deemed made to the Borrower on the Amendment No. 2 Effective Date pursuant
Sample 1

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.

Related to New Term B-1 Loans

  • New Term Loans as defined in Section 2.24.

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

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • New Term Lender a Lender that has a New Term Loan.

  • Term A-1 Loan means an advance made by any Term A-1 Lender under the Term A-1 Facility.

  • Term B Loan Commitment means, as to any Lender, the obligation of such Lender to make its Term B Loan on the Closing Date in the principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1 attached hereto and made a part hereof. The Borrower and the Lenders acknowledge and agree that the Term B Loan Commitments of the Lenders aggregate $50,000,000 on the Closing Date.

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.