Term B-1 Loans definition

Term B-1 Loans means the Term Loans made pursuant to the Term B-1 Commitment.

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Term B-1 Loans shall have the meaning set forth in Section 2.01(a).

Term B-1 Loans means (a) the 2017 Refinancing Term B-1 Loans (as defined in the Fifth Amendment Agreement) made by the Lenders to the Borrower on the Fifth Amendment Agreement Effective Date pursuant to the Fifth Amendment Agreement and (b) any Incremental Term Loans in the form of Term B-1 Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

Examples of Term B-1 Loans in a sentence

• On the Eighteenth Incremental Assumption and Amendment Agreement Effective Date, after giving effect to the funding of the 2024-1 Refinancing Term B-1 Loans, the 2024-1 Refinancing Term B-1 Loan Commitment of each 2024-1 Refinancing Term B-1 Lender terminated.

• Each Borrower waives all suretyship defenses and consents and agrees that the Administrative Agent and the Lenders shall be under no obligation to marshal any assets in favor of any Borrower or against or in payment of any or all of the Obligations with respect to the Revolving Facility, the Term B-1 Loans or the Term B-2 Loans.

• Notwithstanding anything to the contrary herein, any voluntary prepayment of Term Loans pursuant to this Section 2.11(a) may be allocated among the Term B-1 Loans, Term B-2 Loans and Other Term Loans, if any, at the option of the Borrower.

• Exercise commercially reasonable efforts to maintain (a) public ratings (but not to obtain a specific rating) from Moody’s and S&P for the Term B-1 Loans and Term B-2 Loans and (b) public corporate credit ratings and corporate family ratings (but, in each case, not to obtain a specific rating) from Moody’s and S&P in respect of the Borrower.

More Definitions of Term B-1 Loans

Term B-1 Loans means, collectively, the Term B-1 Dollar Loans and the Term B-1 Euro Loans.

Term B-1 Loans means the “Term B-1 Loans” under the Credit Agreement as in effect prior to giving effect to Amendment No. 3.

Term B-1 Loans has the meaning assigned to such term in Section 2.01(e) (and, for the avoidance of doubt, includes the Incremental Term B-1 Loans).

Term B-1 Loans means the term loans made on the Closing Date pursuant to Section 2.01(a).

Term B-1 Loans means Loans made pursuant to clause (a) of Section 2.01.

Term B-1 Loans has the meaning specified in the Fourth Amendment.

Term B-1 Loans means the Initial Term Loans as increased by the New Term B-1 Loans on the Amendment No. 1