Term B-7 Lender definition

Term B-7 Lender means each Lender with a Term B-7 Commitment or holding a Term B-7 Loan.
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Term B-7 Lender means, at any time, any Lender that has a Term B-7 Loan at such time.
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Term B-7 Lender with respect to its Initial Term B-7 Loans, and shall have all the rights and obligations of a “Term B-7 Lender” under the Credit Agreement and the other Loan Documents. (b) Each Extending Term B-7 Lender, by delivering its signature page to the Lender Addendum and extending the maturity of and reclassifying the Term B-7 Loan Amount of its Existing Term Loans on the Amendment No. 9 Effective Date, shall be deemed to have acknowledged receipt of, and consented to and approved (effective as of the Amendment No. 9 Effective Date), the Credit Agreement (including the Term B-7 Related Amendments), each Loan Document and each other document required to be delivered to, or be approved by and satisfactory to, the Administrative Agent or any Lender on the Amendment No. 9
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Examples of Term B-7 Lender in a sentence

  • The Borrower agrees that each Term B-7 Lender executing this Amendment may request through the Administrative Agent, and shall receive, one or more Term B-7 Notes payable to such Term B-7 Lender duly executed by the Borrower in substantially the form of Exhibit C-8 attached to Annex 3 hereto, evidencing such Term B-7 Lender’s Term B-7 Loans.

  • This Amendment shall constitute a Refinancing Amendment pursuant to Section 2.15 of the Restated Credit Agreement with respect to the Term Loan Refinancing described herein, and each Refinancing Term B-7 Lender shall, effective as of the consummation of the Term Loan Refinancing on the Amendment No. 9 Effective Date, become party to the Credit Agreement as a “Term B-7 Lender”, and shall have all the rights and obligations of a “Term B-7 Lender” under the Credit Agreement and the other Loan Documents.

  • The parties hereto further acknowledge and agree that any assignee of any Replacement 2018 Term B-7 Loan, shall take such Replacement 2018 Term B-7 Loan subject to, and such assignee shall be bound by, the consent to the Proposed Amendments provided by such Replacement 2018 Term B-7 Lender pursuant to this Amendment.

  • Each of the parties hereto (i) agrees (and provides a continuing consent) that the Amended Term Loan Agreement shall be amended in the manner set forth in Exhibit D hereto (the “Proposed Amendments”) and (ii) acknowledges and agrees that each Replacement 2018 Term B-7 Lender, either by the execution of a Consent or a Joinder, shall be deemed to have provided a continuing consent to the Proposed Amendments pursuant to this Amendment.


More Definitions of Term B-7 Lender

Term B-7 Lender means, at any time, any Lender that has a Term B-7 Commitment or a Term B-7 Loan at such time. “Term B-7 Loan” means the Initial Term B-7 Loans and the Refinancing Term B-7 Loans. “Term B-7 Loan Amount” has the meaning specified in Amendment No. 9. “Term B-7 Note” means a promissory note of the Borrower payable to any Term B-7 Lender or its registered assigns, in substantially the form of Exhibit C-8 attached to Annex 3 to Amendment No. 9, evidencing the aggregate Indebtedness of the Borrower to such Term B-7 Lender resulting from the Term B-7 Loans of such Term B-7 Lender. “Term B-7 Repricing Transaction” shall mean (1) the incurrence by the Borrower of any loans (including, without limitation, any new or additional term loans under this Agreement, but excluding, for the avoidance of doubt, any notes, including notes permitted to be issued hereunder constituting Credit Agreement Refinancing Indebtedness) that are secured and are broadly marketed or syndicated to banks and other institutional investors in financings similar to the Term B-7 Loans provided for in this Agreement (i) the net proceeds of which are used to prepay or replace, in whole or in part, outstanding principal of the Term B-7 Loans, and (ii) having an “effective” yield for the respective Type of such loans that is less than the “effective” yield for Term B-7 Loans of the respective Type (with the comparative determinations to be made in the reasonable judgment of the Administrative Agent consistent with generally accepted financial practices, after giving effect to, among other factors, margin, upfront or similar fees or “original issue discount” (with such upfront or similar fees or “original issue discount” being equated to interest rate assuming a 4-year life to maturity) shared with all lenders of such loans or Term B-7 Loans, as the case may be, but excluding the effect of any arrangement, structuring, syndication or other fees payable in connection therewith that are not shared with all lenders of such loans or Term B-7 Loans, as the case may be, and without taking into account any fluctuations in the Eurocurrency Rate) and (2) any amendment to the Term B-7 Loans which reduces the Applicable Rate for Term B-7 Loans. Any determination by the Administrative Agent as contemplated by clause (1)(ii) shall be conclusive and binding on all Lenders holding Term B-7 Loans absent manifest error.” (b) The definition of “Applicable Rate” is hereby amended by inserting the following new clause (...
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Term B-7 Lender has the meaning assigned to such term in the introductory paragraph.
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Term B-7 Lender means, collectively, (i) on the Amendment No. 8 Effective Date, each Term B-5 Lender or Term B-6 Lender, as applicable, that executes and delivers an Amendment No. 8 Consent and indicates the “Cashless Settlement Option” prior to the Amendment No. 8 Effective Date, (ii) on the Amendment No. 8 Effective Date, the Amendment No. 8 Additional Term Lender and (iii) thereafter, each Lender with an outstanding Term B-7 Loan.
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Related to Term B-7 Lender

  • Term B-1 Lender means, at any time, any Lender that has a Term B-1 Commitment or a Term B-1 Loan at such time.

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

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

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

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

  • 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 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.

  • Extending Lender shall have the meaning assigned to such term in Section 2.21(e).

  • Term B-1 Loan means a Loan made pursuant to Section 2.01(a).

  • 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 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.

  • Revolving Loan Commitment means, for each Bank, the amount set forth opposite such Bank's name in Schedule I directly below the column entitled "Revolving Loan Commitment," as same may be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.13 or 13.04(b).

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • 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.