New Tranche B Loan definition

New Tranche B Loan has the meaning set forth in the second recital hereto. "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
Sample 1
New Tranche B Loan means each New Tranche B Loan made by the Tranche B Lenders to the Borrower pursuant to Section 2.01 of the Appendix 2.
Sample 1
New Tranche B Loan has the meaning assigned to such term in the Existing Credit Agreement, in effect immediately before giving effect to this Agreement.
Sample 1

Examples of New Tranche B Loan in a sentence

  • For purposes of calculating the funding fee payable pursuant to Paragraph 4 of the Escrow Agreement, such funding fee shall be calculated as if an Interest Period in respect of the New Tranche B Loan began on the Closing Date and ended on the first Business Day to occur on or after the date which is 91 days after the Closing Date.

  • For the avoidance of doubt, the aggregate principal amount of the Continued Tranche B Loan and the New Tranche B Loan outstanding on the Escrow Release Date (after giving effect to the release of funds from the Tranche B Escrow Account on the Escrow Release Date, but without giving effect to any pay-in-kind interest pursuant to Section 2.5(g)) shall be $420,000,000 and $300,000,000, respectively.

  • Proposals should be submitted in a sealed envelope with the name of the vendor and the relevant RFP name and number on the front.Responses must be submitted with one (1) original and six (6) copies in addition to one (1) electronic document of the proposal with all required information.

  • The failure of any Tranche B Lender to make any New Tranche B Loan shall not in itself relieve any other Tranche B Lender of its obligation to lend hereunder (it being understood, however, that no Tranche B Lender shall be responsible for the failure of any other Tranche B Lender to make any New Tranche B Loan required to be made by such other Tranche B Lender).

  • The New Tranche B Lenders hereby authorize and direct the Collateral Agent to request such withdrawal under the Tranche B Interest Reserve Account Control Agreement (New Tranche B Loan) and to pay such interest.

  • It is the intention of the parties hereto and thereto that the security interest and lien created hereby shall be a separate security interest and lien from that created by the Utility Stock Pledge Agreement (65%)-- - -New Tranche B Loan, and that the security interest and lien created hereby shall be equal in priority to that created by the Utility Stock Pledge Agreement (65%)-- - -New Tranche B Loan.

  • The Borrower shall have duly authorized, executed and delivered a Note for the Continued Tranche B Loan and the New Tranche B Loan (as applicable) of such Lender.

  • After giving effect to the borrowing of the New Tranche B Loan on the Closing Date, the Borrower will be Solvent.

  • Subject to the terms and conditions set forth herein, each Tranche B Lender with a Tranche B Commitment hereunder agrees to make a New Tranche B Loan to the Borrower on the Eighth Amendment Effective Date in a principal amount equal to its Tranche B Commitment listed on Schedule 1-B attached hereto, which amount shall be made available to the Administrative Agent in immediately available funds in accordance with Appendix 2 to the Credit Agreement and the Credit Agreement (as amended hereby).

  • Anything to the contrary in this Agreement notwithstanding, all proceeds of the Tranche B Escrow Account (including all substitutions and replacements therefor) shall be applied solely to the New Tranche B Loan ratably among the New Tranche B Lenders according to the respective outstanding principal amounts of the New Tranche B Loan held by the New Tranche B Lenders, and shall not be shared with the Continued Tranche B Lenders on account of the Continued Tranche B Loan.


More Definitions of New Tranche B Loan

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
Sample 1

Related to New Tranche B Loan

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

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

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • Tranche B Note means a promissory note of the Borrower payable to any Tranche B Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Tranche B Loans made by such Lender to the Borrower.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche B Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche B Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Tranche B Commitment is set forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Tranche B Commitment, as the case may be. The initial aggregate amount of the Lenders’ Tranche B Commitments is $750,000,000.

  • Term B Loan Commitment means the obligation of the Term B Lenders to make a Term B Loan on the Closing Date in an aggregate principal amount equal to $850,000,000. The Term B Loan Commitment on the Closing Date is $850,000,000.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Tranche C Lender means a Lender with a Tranche C Commitment or an outstanding Tranche C Term Loan.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.