Examples of Series B Tranche B Term Loans in a sentence
Promptly upon receipt thereof, Administrative Agent shall make the proceeds of the Series B Tranche B Term Loans available to Borrower on the date hereof by causing an amount of same day funds in Dollars equal to the proceeds of all such loans received by the Administrative Agent from Additional Lenders to be credited to the account of Borrower maintained with the Administrative Agent in New York City or to such other account as may be designated in writing to the Administrative Agent by Borrower.
Series B Tranche B Term Loans shall be subject to the provisions of the Credit Agreement and the other Loan Documents, except as set forth in this Amendment, and shall constitute Tranche B Term Loans thereunder.
Any prepayment of a Series B Tranche B Term Loan Borrowing pursuant to Section 2.11(a) of the Credit Agreement shall be applied to reduce scheduled repayment amounts of the Series B Tranche B Term Loans as directed by the Borrower.
Upon execution and delivery hereof, Administrative Agent will record the Series B Tranche B Term Loans made by Additional Lenders pursuant hereto in the Register.
For the avoidance of doubt, Section 6 of this Amendment shall supersede Section 2.12(c) of the Credit Agreement with respect to Series B Tranche B Term Loans.
Any previously issued Notes, if any, evidencing (x) Converted Series B Tranche B Term Loans are amended to reflect the terms and conditions evidencing the Series D Tranche B Term Loans or Series E Tranche B Term Loans, as applicable, and (y) Converted Series C Tranche B Term Loans are amended to reflect the terms and conditions evidencing the Series D Tranche B Term Loans or the Series E Tranche B Term Loans, as applicable.
In accordance with Section 2.20 of the Credit Agreement, Borrower has previously delivered to Administrative Agent an executed Borrowing Request for Series B Tranche B Term Loans, requesting a proposed borrowing in the principal amount of $300,000,000 (the “Proposed Borrowing”) on the Amendment Effective Date.
The New Term Loan Lenders party hereto, as applicable, waive the payment of any breakage loss or expense under Section 2.18 of the Credit Agreement in connection with the repayment or exchange into Series D Tranche B Term Loans, as applicable, of Tranche B Term Loans, Series A Tranche B Term Loans and/or Series B Tranche B Term Loans.
Borrower agrees to pay on the date hereof to Administrative Agent, for the account of each New Term Loan Lender party to this Agreement, as fee compensation for the funding of such New Term Loan Lender’s Series B Tranche B Term Loans, a closing fee in an amount equal to 2.00% of the aggregate principal amount of such New Term Loan Lender’s Series B Tranche B Term Loans funded as of the date hereof.
The proceeds of the Series D Tranche B Term Loans and Series E Tranche B Term Loans borrowed on the Restatement Effective Date will be used by the Borrower on the Restatement Effective Date solely to refinance the Series B Tranche B Term Loans and Series C Tranche B Term Loans under the Original Credit Agreement and to pay related fees and expenses.