Examples of New Tranche B Term Loan in a sentence
Any portion of an Existing Tranche B Term Loan converted by a Converting Tranche B Term Lender into a New Tranche B Term Loan as contemplated hereby is referred to herein as a “Converted Loan”.
Each Borrowing of New Tranche B Term Loans under this Agreement shall be granted by the Lenders pro rata on the basis of their then-applicable New Tranche B Term Loan Commitments.
On any Increased Amount Date on which any New Tranche B Term Loan Commitments are effective, subject to the satisfaction of the foregoing terms and conditions, each New Tranche B Term Loan Lender shall make a New Tranche B Term Loan to Company in an amount equal to its New Tranche B Term Loan Commitment.
Each Term Loan Note issued with respect to Term Loans provided under the initial Term Loan Commitment shall be dated the Closing Date and each Term Loan Note issued with respect to Term Loans provided under the New Tranche B Term Loan Committed Amount shall be dated the Third Amendment Effective Date.
The terms and provisions of the New Tranche B Term Loans and New Tranche B Term Loan Commitments shall be identical to the Tranche B Term Loans and shall be deemed Tranche B Term Loans for all purposes of this Agreement.