New Tranche B Lender definition

New Tranche B Lender means a Person that has a commitment, established pursuant to the Third Amendment, to make a Tranche B Term Loan on the Refinancing Date.

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New Tranche B Lender means a Tranche B Lender that makes a Tranche B Term Loan on the Tranche B Refinancing Date and any Person to which all or any portion of such a Tranche B Term Loan is assigned pursuant to an Assignment and Assumption.

New Tranche B Lender means a Lender with a New Tranche B Commitment or an outstanding New Tranche B Term Loan.

Examples of New Tranche B Lender in a sentence

Notwithstanding the foregoing, the provisions of the Credit Agreement with respect to indemnification, reimbursement of costs and expenses, increased costs and break funding payments shall continue in full force and effect with respect to, and for the benefit of, each Lender that was a Tranche B Lender prior to the Amendment Effective Date, but that is not a New Tranche B Lender.
The Borrower shall give the Administrative Agent prior notice requesting the funding by each New Tranche B Lender to the Administrative Agent of an amount equal to the New Tranche Commitment of such New Tranche B Lender, provided that any such notice shall be deemed to have been given on a certain day only if given before 1:00 P.M. (New York time) on such day.
The effectiveness of this Amendment is subject to the Agent’s receipt of executed counterparts of this Amendment from Holdings, the Borrower, each Revolving Lender, each New Tranche B Lender, each Additional New Tranche B Term Lender and each Extending Term Loan Lender, subject to the replacement of any Non-Consenting Lender in accordance with Section 9.02(b) of the Credit Agreement (the date on which such conditions shall have been so satisfied, “Fourth Amendment Effective Date”).
Notwithstanding the foregoing, the provisions of the Credit Agreement with respect to indemnification, reimbursement of costs and expenses, increased costs and break funding payments shall continue in full force and effect with respect to, and for the benefit of each Lender that was an Existing Tranche B Term Lender prior to the Amendment Effective Date, but that is not a New Tranche B Lender.
No later than 1:00 P.M. (New York time) on the Closing Date, each New Tranche B Lender will make available such Lender's pro rata share of the amount of Borrowing requested to be made on such date.
The parties agree that the Notes issued by the Borrower to the New Tranche B Lenders under this Agreement and the New Warrants issued by the Borrower to the New Tranche B Lenders under the New Warrant Agreement will, for federal tax purposes, be treated as an "investment unit" as such term is defined under Section 1273(c)(2) of the Code and the parties agree that the consideration paid by each New Tranche B Lender for its Note and New Warrants shall be allocated as set forth on Schedule 3.5. 3.6 [OMITTED].
On any Transition Date on which New Tranche B Term Loans are to be made, subject to the satisfaction of the foregoing terms and conditions, (i) each New Tranche B Lender shall make a New Tranche B Term Loan to Borrower in an amount equal to its New Tranche B Term Loan Amount, (ii) each New Tranche B Term Loan shall be a Tranche B Term Loan, and (iii) each New Tranche B Lender shall become a Lender.
No later than 1:00 P.M. (New York time) on the Closing Date, each New Tranche B Lender will make available to the Administrative Agent such Lender's pro rata share of the amount of the amount requested in the Notice of Funding.

More Definitions of New Tranche B Lender

New Tranche B Lender means a Tranche B Domestic Lender and Tranche B Canadian Lender that was not party to the Credit Agreement prior to the date hereof that agrees to make the Tranche B Domestic Commitments and/or the Tranche B Canadian Commitments listed across from its name on Schedule 2.1 attached hereto.

New Tranche B Lender means any Lender holding a New Tranche B Loan, in its capacity as the holder of such Loan. "Pledged Stock" means the shares of Capital Stock of the Issuer described on Annex A hereto, and any shares of Capital Stock of the Issuer at any time issued in respect of the Capital Stock described on Annex A hereto. "Pledgee" has the meaning set forth in the first paragraph hereof. "Pledgor" has the meaning set forth in the first paragraph hereof. "Proceeds" has the meaning given such term in the UCC. "Secured Obligations" has the meaning set forth in Section 1 hereof. "Securities Act" means the Securities Act of 1933, as amended and as in effect from time to time. "UCC" means the Uniform Commercial Code as in effect in the State of New York from time to time. "Utility Stock Pledge Agreement (65%)—Continued Tranche B Loan" means the Utility Stock Pledge Agreement (65%)— Continued Tranche B Loan, dated as of the date hereof, among the parties hereto, pursuant to which 65% of the common stock of the Issuer is being pledged to secure Obligations relating to the Continued Tranche B Loan. "Utility Stock Pledge Agreement (65%)—New Tranche B Loan" means the Utility Stock Pledge Agreement (65%)—New Tranche B Loan, dated as of the date hereof, among the parties hereto, pursuant to which 65% of the common stock of the Issuer is being pledged to secure the Secured Obligations. "Utility Stock Pledge Agreement (35%)—Continued Tranche B Loan" means the Utility Stock Pledge Agreement (35%)— Continued Tranche B Loan, dated as of the date hereof, among the parties hereto, pursuant to which the Collateral is being pledged to secure Obligations relating to the Continued Tranche B Loan. 3.

New Tranche B Lender means any holder of a New Tranche B Commitment.

New Tranche B Lender as defined in Section 2.2(a)(ii).