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 Commitment or a Term B-7 Loan at such time.
Sample 1Sample 2Sample 3
Term B-7 Lender means, at any time, any Lender that has a Term B-7 Loan at such time.
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Examples of Term B-7 Lender in a sentence

  • Each of the Loan Parties confirms, acknowledges and agrees that the Lenders and the Additional Term B-7 Lender providing Term B-7 Loans are “Lenders” and “Secured Parties” for all purposes under the Loan Documents.


More Definitions of Term B-7 Lender

Term B-7 Lender has the meaning assigned to such term in the introductory paragraph.
Sample 1
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 (...
Sample 1
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.
Sample 1
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
Sample 1

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 B Loan Commitment means, as to any Lender, the obligation of such Lender to make its Term B Loan on the Closing Date in the principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1 attached hereto and made a part hereof. The Borrower and the Lenders acknowledge and agree that the Term B Loan Commitments of the Lenders aggregate $50,000,000 on the Closing Date.

  • 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 Loan Lender means a Lender with a Term Loan Commitment or a Term Loan.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • 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.

  • Term B Loans means the term loans made by the Term B Loan Lenders to the Borrower pursuant to Section 2.01(c).

  • 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, with respect to any Term B Lender at any time, the amount set forth opposite such Lender's name on Schedule I hereto under the caption "Term B Commitment" or, if such Lender has entered into one or more Assignments and Acceptances, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Lender's "Term B Commitment", as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Tranche B Term Loan Lender means a Lender with a Tranche B Term Loan Commitment or an outstanding Tranche B Term Loan.

  • 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 Facility Commitment means the commitment of a Lender to make Term Loans, including Term B-1 Loans and/or Other Term Loans.