Term B-5 Facility definition

Term B-5 Facility means the aggregate principal amount of the Term B-5 Loans of all Term B-5 Lenders outstanding at such time.
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Term B-5 Facility means the aggregate principal amount of the Term B-5 Loans of all Term B-5 Lenders outstanding at such time.”;
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Term B-5 Facility means the $1,510,000,000 term loan made available under the Amended Credit Agreement pursuant to this Joinder Agreement, as the same may be increased under Section 2(k) of this Joinder Agreement.
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Examples of Term B-5 Facility in a sentence

  • Subject to the terms and conditions set forth herein and in the Amended Credit Agreement, on the Closing Date each Additional Term B-5 Facility Lender severally agrees to make Term B-5 Loans to the Original Co-Borrower in cash in an aggregate principal amount equal to its Term B-5 Commitment, in accordance with the terms of the Amended Credit Agreement.

  • The obligation of each Additional Term B-5 Facility Lender to fund its Term B-5 Loans under its Term B-5 Commitment is subject to the satisfaction, or waiver by the Administrative Agent (acting on the instructions of the Additional Term B-5 Facility Lenders), of the conditions set out on Schedule 4 to this Joinder Agreement.

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  • Execution and delivery, and acceptance by the Security Trustee, of an accession deed to the Intercreditor Agreement by each Additional Term B-5 Facility Lender.

  • The conditions set forth in Sections 4.03(a), (b) and (d) of the Amended Credit Agreement shall have been satisfied with respect to the Credit Extension under the Term B-5 Facility.

  • The Administrative Agent shall have received a duly executed irrevocable Committed Loan Notice in respect of the Term B-5 Facility in accordance with the terms of Section 2.02 (Borrowings, Conversions and Continuations of Loans ) of the Amended Credit Agreement.

  • The Term B-5 Facility shall be drawn in a single drawing during the Term B-5 Availability Period (or such longer period as specified in Section 2(g) of this Joinder Agreement).

  • Amounts borrowed under the Term B-5 Facility and repaid or prepaid may not be reborrowed.

  • The Insured must take all reasonable precautions and exercise reasonable care for the maintenance and safety of the property insured as well as prevent or minimise potential loss or damage.

  • The aggregate principal amount of the Term B-5 Commitment of each Additional Term B-5 Facility Lender is set forth opposite its name on Schedule 1 to this Joinder Agreement.


More Definitions of Term B-5 Facility

Term B-5 Facility means the Term B-5 Loans made hereunder.
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Related to Term B-5 Facility

  • Term B Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term B Commitments at such time and (b) thereafter, the aggregate principal amount of the Term B Loans of all Term B Lenders outstanding at such time.

  • Term A Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term A Commitments at such time and (b) thereafter, the aggregate principal amount of the Term A Loans of all Term A Lenders outstanding at such time.

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

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

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan Commitment, and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is Twenty Million Dollars ($20,000,000.00).

  • Term A Commitment means, as to each Term A Lender, its obligation to make Term A Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term A Lender’s name on Schedule 2.01 under the caption “Term A Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term A Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Facility B Commitment means, with respect to each Facility B Lender, the commitment, if any, of such Lender to make Facility B Revolving Loans and to acquire participations in Facility B Letters of Credit, Facility B Protective Advances and Facility B Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility B Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility B Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility B Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility B Commitments is $200,000,000.

  • Term B Commitment means, as to each Term B Lender, its obligation to make Term B Loans to the Borrower pursuant to Section 2.1(c) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term B Lender’s name on Schedule 2.1 under the caption “Term B Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term B Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Term Commitment means, as to each Term Lender, its obligation to make Term Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term Lender’s name on Schedule 2.01 under the caption “Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.