Term B-2 Borrowing definition

Term B-2 Borrowing means a borrowing consisting of Term B-2 Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term B-2 Lenders pursuant to Section 2.01(e).
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Term B-2 Borrowing means any Borrowing comprised of Term B-2 Loans.
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Term B-2 Borrowing means a borrowing consisting of simultaneous Term B-2 Advances of the same Type made by the Term B-2 Lenders.
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Examples of Term B-2 Borrowing in a sentence

  • The Term B-2 Borrowing shall consist of Term B-2 Loans made simultaneously by the Term B-2 Lenders in accordance with their respective Term B-2 Commitments.

  • The Term B-2 Borrowing shall consist of Term B-2 Loans made simultaneously by the Term B-2 Lenders, in each case in accordance with their respective Applicable Percentages of the aggregate amount of the Term B-2 Commitments at such time.

  • Each Term B-2 Lender hereby consents to (i) an Interest Period beginning on the Amendment No. 2 Effective Date and ending on February 28, 2013 in respect of the Eurocurrency Borrowing incurred on the Amendment No. 2 Effective Date under the Term B-2 Loans (the “Initial Term B-2 Borrowing”) and (ii) receipt of the notice of Borrowing in respect of the Initial Term B-2 Borrowing on the Amendment No. 2 Effective Date.

  • Such Term B-2 Borrowing shall consist of Term B-2 Loans made simultaneously by the Initial Term B-2 Lenders in accordance with their respective Term B-2 Commitments.

  • In addition, the parties hereto agree that such Initial Term B-2 Borrowing shall have an Adjusted Eurocurrency Rate of 1.00%.

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  • Ladies and Gentlemen: The undersigned hereby requests the [Term A Borrowing] [Term B-1 Borrowing] [Term B-2 Borrowing] [Term C Borrowing] on [__] (which is a Business Day) in the aggregate principal amount of $[60,000,000] [10,000,000] [15,000,000] [$15,000,000].

  • Each Term B-2 Borrowing shall be in an aggregate amount of $5,000,000 or an integral multiple of $500,000 in excess thereof (or the remaining Unused Term B-2 Commitments, if less) and shall consist of Term B-2 Advances made simultaneously by the Term B-2 Lenders ratably according to their Term B-2 Commitments.

  • The Initial Term B-2 Borrowing shall consist of Initial Term B-2 Loans made simultaneously by the Term B-2 Lenders in accordance with their respective Initial Term B-2 Commitments.

  • Ladies and Gentlemen: The undersigned hereby requests the [Term A Borrowing] [Term B-1 Borrowing] [Term B-2 Borrowing] on [__] (which is a Business Day) in the aggregate principal amount of $[60,000,000] [10,000,000] [55,000,000].


More Definitions of Term B-2 Borrowing

Term B-2 Borrowing means a Borrowing comprised of Term B-2 Loans.
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Term B-2 Borrowing means a borrowing consisting of simultaneous Term B-2 Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term B-2 Lenders pursuant to Section 2.01(a)(ii), (iii) or (iv).
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Term B-2 Borrowing means a borrowing consisting of simultaneous Term B-2 Loans made by each of the Term B-2 Lenders pursuant to Section 2.01(b)(ii). “Term B-2 Commitment” means, as to each Term B-2 Lender, its obligation to make a Term B-2 Loan to the Borrower pursuant to Section 2.01(b)(ii), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term B-2 Commitments of all of the Term B-2 Lenders as in effect on the Effective Date is FIVE MILLION DOLLARS ($5,000,000). “Term B-2 Facility” means, at any time, (a) on or prior to the funding of the Term B-2 Loans, the aggregate amount of the Term B-2 Commitments at such time and (b) thereafter, the aggregate Outstanding Amount of the Term B-2 Loans of all Term B-2 Lenders outstanding at such time. “Term B-2 Lender” means (a) at any time on or prior to the funding of the Term B-2 Loans, any Lender that has a Term B-2 Commitment at such time and (b) at any time after the funding of the Term B-2 Loans, any Lender that holds one or more Term B-2 Loans at such time. “Term B-2 Loan” means an advance made by any Term B-2 Lender under the Term B-2 Facility. “Term B-2 Note” has the meaning set forth in Section 2.09. “Term B-3 Availability Period” means the period from and after the Funding Date to the earliest of (a) September 30, 2019, (b) the date of termination of the Term B-3 Commitments pursuant to Section 2.04 and (c) the date of termination of the Term B-3 Commitments pursuant to Section 9.02. “Term B-3 Borrowing” means a borrowing consisting of simultaneous Term B-3 Loans made by each of the Term B-3 Lenders pursuant to Section 2.01(b)(iii). “Term B-3 Commitment” means, as to each Term B-3 Lender, its obligation to make a Term B-3 Loan to the Borrower pursuant to Section 2.01(b)(iii), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term B-3 Commitments of all of the Term B-3 Lenders as in effect on the Third Amendment Effective Date is TEN MILLION DOLLARS ($10,000,000). “Term B-3 Facility” means, at any time, (a) on or prior to the funding of the Term B-3 Loans, the aggregate amount of the Term B-3 Commitments at such time and (b) thereafter, the aggregate Outstanding Amount of the Term B-3 Loans of all Term B-3 Lenders outstanding at such time. “Term B-3 Lender” means (a) at any time on or prior to the funding of the Term B-3 Loans, any Lender that has a Term B-3 Commitment at such time and (b) at...
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Related to Term B-2 Borrowing

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

  • Term Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a).

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Term B Loans means (a) the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a), and (b) any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

  • Term B-2 Loan means the Loan in the amount set forth in Section 2.01(a)(i).

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • Pro-Rata Borrowing has the meaning assigned to such term in Section 2.03(a).

  • Term B-1 Loans has the meaning specified in Section 2.01(a)(ii).

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.