Term B-2 Loans definition
Examples of Term B-2 Loans in a sentence
As provided in 2.07(a) and subject to the terms hereof, the Borrower may elect that the Term B-2 Loans comprising the Borrowing hereunder of Term B-2 Loans be either ABR Loans or Term SOFR Loans.
The Borrower shall prepay the Non-Exchanged Amendment No. 5 Term Loans with a like amount of the gross proceeds of the Additional Term B-2 Loans, concurrently with the receipt thereof.
Each Additional Term B-2 Loan shall initially take the form of a pro rata increase in each outstanding Borrowing of Initial Term B-2 Loans on the Third Amendment Effective Date.
The Term B-2 Loans shall have the terms set forth in this Agreement and the other Loan Documents, including as modified by Amendment No. 5; it being understood that the Term B-2 Loans (and all principal, interest and other amounts in respect thereof) will constitute “Obligations” under this Agreement and the other Loan Documents.
For the avoidance of doubt, (x) the Term B-2 Loans shall constitute, and shall be treated as, a separate Class of “Term Loans” from the “2019 New Term Loans” under the Loan Documents and (y) the Initial Term B-2 Loans and the Additional Term B-2 Loans shall constitute, and shall be treated as, forming parts of the same Class of “Term Loans” under the Loan Documents.