Examples of Term B-4 Loans in a sentence
Deutsche Bank Securities Inc., Barclays Bank PLC, RBC Capital Markets1 and Xxxxx Fargo Securities, LLC (the “Amendment No. 2 Lead Arrangers”) shall act as the lead arrangers in connection with this Amendment and the Term B-4 Loans; 1 RBC Capital Markets is the brand name for the capital markets activities of Royal Bank of Canada and its affiliates.
For the avoidance of doubt, Term B-2 Loans may be converted into Term B-3 Loans as contemplated by the Amendment and Restatement Agreement and Term B-3 Loans may be converted into Term B-4 Loans as contemplated by Amendment No. 2.
The parties hereto shall treat (a) the Converted Term B-4 Loans and the Additional Term B-4 Loans as one fungible tranche for U.S. federal and applicable state and local income tax purposes and (b) the conversion of Term B-3 Loans into the Converted Term B-4 Loans as a “significant modification” of such Term B-4 Loans within the meaning of Treasury Regulations Section 1.1001-3(e).
The Borrower will not directly (or knowingly indirectly) use the proceeds of the Term B-3 Loans, Term B-4 Loans, Revolving Loans or Letters of Credit in any manner that would constitute a material violation of any such applicable statutes, regulations, orders or restrictions referred to in the immediately preceding sentence.