Examples of New Tranche B Term Lender in a sentence
The Borrower shall give notice to the Administrative Agent of the proposed First Amendment Effective Date not later than one Business Day prior thereto, and the Administrative Agent shall notify each New Tranche B Term Lender thereof.
The commitments of the Additional Tranche B Term Lenders and the conversion undertakings of the Converting Tranche B Term Lenders are several and no such New Tranche B Term Lender will be responsible for any other New Tranche B Term Lender’s failure to make or acquire by conversion New Tranche B Term Loans.
The Borrower and the Administrative Agent hereby consent, pursuant to Subsections 11.6(b)(i) and 2.11(b) of the Credit Agreement, to the inclusion as an “Additional Specified Refinancing Lender” of each New Tranche B Term Lender that is party to this First Amendment that is not an existing Lender, an Affiliate of an existing Lender or an Approved Fund.
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”).
Taking credit for the decrease in reactivity due to irradiation is termed burnup credit.
The Borrower shall give notice to the Administrative Agent of the proposed Effective Date not later than one Business Day prior thereto, and the Administrative Agent shall notify each Existing Term Loan Lender, each New Tranche B Term Lender and each Tranche A Term Lender thereof.
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 First Amendment Effective Date, but that is not a New Tranche B Term Lender.
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 Second Amendment Effective Date, but that is not a New Tranche B Term Lender.
By executing this Lender Addendum as a New Tranche B Term Lender, the undersigned institution agrees (A) to the terms of the Amendment and the Credit Agreement as amended thereby and (B) on the terms and subject to the conditions set forth in the Amendment and the Credit Agreement as amended thereby, to make and fund New Tranche B Term Loans on the Second Amendment Effective Date in the amount of such New Tranche B Term Lender’s Replacement Tranche B Term Loan Commitment.
The Borrower shall give notice to the Administrative Agent of the proposed Seventh Amendment Effective Date not later than one Business Day prior thereto, and the Administrative Agent shall notify each New Tranche B Term Lender thereof.