Examples of Term B-4 Loans in a sentence
All accrued and unpaid interest on the Term B-2 Loans (including in respect of the Term B-2 Loans held by Converting Term Lenders that have been converted to Term B-4 Loans in accordance with Section 2(b)) to, but not including, the Amendment No. 5 Effective Date shall have been paid to the Administrative Agent for payment to the Term B-2 Lenders.
After the Amendment No. 5 Effective Date and the funding of the Term B-4 Loans, without limiting the generality of the foregoing, the Term B-4 Loans (and all Indebtedness relating thereto) constitute Secured Obligations under the Security Agreement.
The Term B-4 Commitment of each Term B-4 Lender shall be automatically and permanently reduced to $0 upon the making of such Term B-4 Lender’s Term B-4 Loans pursuant to Section 2.01.
Term B-1 Loans, Term B-2 Loans and, Term B-3 Loans and Term B-4 Loans may be Base Rate Loans or SOFR Loans, as further provided herein.
Each such Converting Term Lender hereby agrees, pursuant to the terms set forth in this Section 2, that all of its Term B-2 Loans (or a lesser amount allocated to such Converting Term Lender by the Amendment No. 5 Lead Arranger on or prior to the Amendment No. 5 Effective Date) will be automatically exchanged for a like principal amount of Term B-4 Loans on the Amendment No. 5 Effective Date.