Examples of Refinancing Term B Loans in a sentence
On the First Amendment Effective Date (after giving effect to the funding of the 2023 Refinancing Term B Loans to be made on such date), the 2023 Refinancing Term B Commitments of each New 2023 Refinancing Term B Lender as of the First Amendment Effective Date will terminate.
Each Borrowing of Term B Loans (including Refinancing Term B Loans and New Term B Loans) under this Agreement shall be granted by the Lenders pro rata on the basis of their then-applicable Term B Loan Commitments or New Term B Loan Commitments (as applicable) with respect to the applicable Class.
On the Second Amendment Effective Date (after giving effect to the funding of the 2024 Refinancing Term B Loans to be made on such date), the 2024 Refinancing Term B Commitments of each New 2024 Refinancing Term B Lender as of the Second Amendment Effective Date will terminate.
On the Term B Loan Maturity Date, all Refinancing Term B Loans shall be repaid in full.
The Borrower will use the proceeds of (a) Refinancing Term B Loans to refinance the Existing Term B Loans and (b) the New Term B Loans (i) to pay the fees and expenses and other additional amounts incurred or owing in connection with the transactions contemplated under the Sixth Amendment, (ii) to finance the NuLink Acquisition, (iii) to repurchase or redeem a portion of the Senior Subordinated Notes and (iv) for general corporate purposes.
Unless previously terminated, the 2019 Refinancing Term B Loan Commitments shall terminate upon the earlier of (i) the 2019 Refinancing Term B Lender making the 2019 Refinancing Term B Loans to the Borrower and (ii) 11:59 p.m., New York City time, on the 2019 Effective Date.
On the 2021 Effective Date (after giving effect to the funding of the 2021 Refinancing Term B Loans (as defined in the 2021 Incremental Assumption and Amendment Agreement) to be made on such date), the 2021 Refinancing Term B Loan Commitments (as defined in the 2021 Incremental Assumption and Amendment Agreement) of each Lender as of the 2021 Effective Date will terminate.
On the Second Amendment Effective Date, the proceeds of the Refinancing Term B Loans shall be applied to refinance in full the Existing Term B Loans (the “Refinancing”).
The proceeds of the 2024 Refinancing Term B Loans and 2024 Refinancing Revolving Credit Loans shall be used on the Eighth Amendment Effective Date (i) to consummate the Eighth Amendment Transactions (including payment of Eighth Amendment Transaction Costs) and (ii) for general corporate purposes of the Borrowers and their restricted subsidiaries.
Except as set forth in this Fourth Amendment, (i) the Term B-1 Dollar Loans shall have identical terms as the 2014 Specified Refinancing Term B Loans and shall otherwise be subject to the provisions of the Credit Agreement and (ii) the Term B-1 Euro Loans shall have identical terms as the 2014 Specified Refinancing Euro Term Loans and shall otherwise be subject to the provisions of the Credit Agreement.