Term B-6 Loans definition

Term B-6 Loans means the Term B-1 Loans, the Term B-2 Loans and the Term B-3 Loans (each as defined in the 2012 Credit Agreement) held by each Lender immediately prior to the 2012 Amendment Effective Date that were converted into Term B-6 Loans pursuant to Section 2.01(a)(i) of the 2012 Credit Agreement (or converted to Term B-6 Loans following the 2012 Amendment Effective Date pursuant to Section 2.01(a)(ii) of the 2012 Credit Agreement) and the Loans made pursuant to Section 2.01(b)(i) of the 2012 Credit Agreement on the 2012 Amendment Effective Date (or made following the 2012 Amendment Effective Date pursuant to Section 2.01(b)(ii) of the 2012 Credit Agreement). The aggregate amount of the Term B-6 Loans as of the 2012 Amendment Effective Date (immediately after giving effect to the repayments thereof on the 2012 Amendment Effective Date contemplated by the 2012 Amendment Agreement) was $1,822,201,056.66.
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Term B-6 Loans has the meaning specified in this Agreement immediately prior to the Fifth Amendment Effective Date.
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Term B-6 Loans and the lenders thereto, the “Replacement 2016-1 Term B-6 Lenders” and, respectively, together with the Replacement 2016-2 Term B-4 Loans and Replacement 2016-2 Term B-5 Loans, the “Term Loans” and together with the Replacement 2016-2 Term B-4 Lenders and Replacement 2016-2 Term B-5 Lenders, the “Term Lenders”) to finance the repayment in full of the amounts outstanding under the Term B-6 Loans as of the Amendment No. 5 Effective Date;
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Examples of Term B-6 Loans in a sentence

  • If the B-5/B-6 Submitted Amount exceeds the amount of the remaining Paydown Amount available, the Borrower shall repay portions of the B-5/B-6 Submitted Amount of Consenting Lenders on a pro rata basis based on the aggregate principal amounts of Term B-5 Loans and Term B-6 Loans held by Consenting Lenders.

  • The Term B-6 Loans have a springing maturity to April 14, 2017 if more than $250.0 million of CEOC’s 11.25% Senior Secured Notes due 2017 remain outstanding on April 14, 2017.

  • CEOC Credit FacilitiesUnder the March 2012 amendment to the Credit Facilities as described in Note 5, “Debt,” in April and May 2012, CEOC extended the maturity on an additional $27.0 million of B-1, B-2, and B-3 term loans and converted another $38.0 million of original maturity revolver commitments to Term B-6 Loans.

  • Interest rates on the 2021 Incremental Term B-6 Loans are based, at Borrower’s election, on the London Interbank Offered Rate (“LIBOR”) or an alternate base rate, subject to, in the case of 2021 Incremental Term B-6 Loans that accrue interest based on LIBOR, a 0.50% floor, plus an applicable margin.

  • The Term B-6 Loans have a springing maturity to April 14, 2017 if more than $250.0 million of CEOC's 11.25% senior secured notes due 2017 remain outstanding on April 14, 2017.

  • After consideration of these borrowings and letter of credit commitments, $1,013.5 million of additional borrowing capacity was available to the Company under its revolving credit facility as of March 31, 2012.Under the March 2012 amendment to the Credit Facilities as described above, in April and May 2012, CEOC extended the maturity on an additional $27.0 million of B-1, B-2, and B-3 term loans and converted another $38.0 million of original maturity revolver commitments to Term B-6 Loans.

  • After taking into account of the extensions, repayments and commitment reductions described above, there is approximately $2,663.9 million of Term B-6 Loans outstanding, $1,026.4 million of B-1, B-2 and B-3 term loans outstanding with a maturity of January 28, 2015, $757.1 million of revolving commitments outstanding with a maturity of January 28, 2014 and $31.1 million of revolving commitments outstanding with a maturity of January 28, 2017.

  • Fuel prices were based on Bunkerworld’s historical analysis prices and an average container (A4- A3) freight rate of 1,800 USD/TEU (per voyage) were based on Drewry’s historical freight database.

  • The 2021 Incremental Term B-6 Loans rank pari passu in right of payment and pari passu in right of security with the Revolving Credit Loans, the 2019 Replacement Term B-5 Loans and the 2019 Replacement Term A-3 Loans.Holdings and its direct and indirect wholly-owned subsidiaries party to the First Lien Credit Agreement and ancillary agreements and documents (other than the Borrower) continue to provide an unconditional guaranty of all amounts owing under the First Lien Credit Agreement.


More Definitions of Term B-6 Loans

Term B-6 Loans. (i) The definition of “Term Commitment” is hereby amended by replacing the reference to “Term B-5 Commitment” contained therein with a reference to “Term B-6 Commitment”. (j) The definition of “Term Lender” is hereby amended by inserting “Term B-6 Lender,” immediately after “Term B-5 Lender,” therein. (k) The definition of “Term Loan” is hereby amended by inserting “Term B-6 Loan,” immediately after “Term B-5 Loan,” therein. (l) The definition of “Term Note” is hereby amended by replacing the reference to “Term B-5 Note” contained therein with a reference to “Term B-6 Note”. (m) Section 2.01(a)(iii) is hereby amended by inserting the following new clause (E) in proper alphabetical order: “(E) On the Amendment No. 8 Effective Date, in accordance with, and upon the terms and conditions set forth in, Amendment Xx. 0, xxxx Xxxxxxxxxxx Xxxx X-0 Lender made (including by cashless settlement option) to the Borrower a Replacement Term B-6 Loan in the amount set forth on the signature page to the Lender Addendum (as defined in Amendment No. 8) on the Amendment No. 8 Effective Date.” (n) The last sentence of Section 2.01(a)(iv) is hereby amended and restated in its entirety to read as follows: “On and after the Amendment No. 8 Effective Date, all Term B-6 Loans shall rank pari passu in right of payment and security with, and otherwise have the same terms, rights and benefits as, the Term B-3 Loans and the Term B-4 Loans outstanding immediately prior to the Amendment No. 8 Effective Date under the Loan Documents, except as expressly provided herein.” (o) Section 2.05(b)(vii) is hereby amended by replacing the reference to “Term B-5 Loans” contained therein with a reference to “Term B-6 Loans”. (p) Section 2.06(b) is hereby amended by inserting the following new sentence immediately after the last sentence thereof: “The Term B-6 Commitment of each Replacement Term B-6 Lender shall be automatically and permanently reduced to $0 upon the making to Borrower of its Replacement Term B-6 Loan pursuant to Section 2.01(a)(iii)(E).”
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Term B-6 Loans means (i) the Term B-1 Loans, the Term B-2 Loans and the Term B-3 Loans held by each Lender immediately prior to the Amendment Effective Date that are converted into Term B-6 Loans pursuant to Section 2.01(a)(i) (or converted to Term B-6 Loans following the Amendment Effective Date pursuant to Section 2.01(a)(ii)) and the Loans made pursuant to Section 2.01(b)(i) on the Amendment Effective Date (or made following the Amendment Effective Date pursuant to Section 2.01(b)(ii)) and (ii) any Incremental Term Loans in the form of Term B-6 Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(e). The aggregate amount of the Term B-6 Loans as of the Amendment Effective Date (immediately after giving effect to the repayments thereof on the Amendment Effective Date contemplated by the Amendment Agreement) is $1,822,201,056.66.
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Term B-6 Loans has the meaning assigned to such term in the recitals.
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Term B-6 Loans. (p) Section 2.06(b) is hereby amended by inserting the following new sentence immediately after the last sentence thereof: “The Term B-6 Commitment of each Replacement Term B-6 Lender shall be automatically and permanently reduced to $0 upon the making to Borrower of its Replacement Term B-6 Loan pursuant to Section 2.01(a)(iii)(E).”
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Related to Term B-6 Loans

  • Term B Loans means the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a) and 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 Loan is defined in Section 2.2(a)(ii) hereof.

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Term Loans as defined in Section 2.1.

  • Term B Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Term B Loans hereunder. The amount of each Lender’s Term B Loan Commitment as of the Closing Date is set forth on Schedule 2.01. The aggregate amount of the Term B Loan Commitments as of the Closing Date is $4,700.0 million.

  • Term Loan as defined in Section 2.1.

  • Term B Borrowing means any Borrowing comprised of Term B Loans.

  • 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.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Term B Loan Maturity Date means December 15, 2006 or such earlier date as the outstanding Term B Loan shall have been reduced to $0 pursuant to this Agreement.

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

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

  • Term A Loan Commitment means, for each Lender, the commitment of such Lender to make its portion of the Term A Loan, in the principal amount with respect to each such Lender equal to the amount set forth opposite the name of such Lender under "Term A Loan Commitment" on Schedule 1.01(A).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Term B Lender means, at any time, any Lender that has a Term B Commitment or a Term B Loan at such time.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan 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 Schedule 2.01 or in the applicable Assignment and Assumption, 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 $165,000,000.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • 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.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).