Examples of Term B-1 Loans in a sentence
To request a Borrowing of 2024-1 Refinancing Term B-1 Loans on the Effective Date, the Borrowers shall notify the Administrative Agent of such request in writing not later than 1:00 p.m., New York City time, one Business Day prior to the Effective Date (or such later time as the Administrative Agent may agree).
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 and Other Term Loans, if any, at the option of the Borrower.
The undersigned Existing Term B-1 Lender hereby irrevocably and unconditionally approves the Agreement and consents as follows (check ONE option): Cashless Settlement Option [_] to exchange 100% of the outstanding principal amount of the Existing Term B-1 Loans held by such Existing Term B-1 Lender for 2024-1 Refinancing Term B-1 Loans in an equal principal amount or such lesser amount allocated to such Lender by the 2024 Arrangers.
Option Lender”) shall be deemed to have exchanged all of its Existing Term B-1 Loans (as defined below) (in each case, or such lesser amount as is allocated to such 2024-1 Refinancing Term B-1 Cashless Settlement Option Lender on or prior to the Effective Date) for 2024-1 Refinancing Term B-1 Loans in an aggregate principal amount equal to its 2024-1 Refinancing Term B-1 Loan Exchange Commitment (as defined below) and such Lender shall thereafter become a 2024-1 Refinancing Term B-1 Lender.
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 shall terminate.