Term B-7 Loan definition

Term B-7 Loan has the meaning set forth in Section 2.01(k).
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Term B-7 Loan means a Loan made pursuant to Section 2.01(a)(i) of this Agreement immediately prior to the Fifth Amendment Effective Date. On the Fourth Amendment Effective Date, immediately prior to the effectiveness of the Fourth Amendment, the aggregate principal amount of Term B-7 Loans outstanding is $312,096,942.99. On the Fifth Amendment Effective Date the aggregate principal amount of Term B-7 Loans outstanding is $0.
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Term B-7 Loan means, collectively, (i) Term B-5 Loans or Term B-6 Loans, as applicable, exchanged for a like principal amount of Term B-7 Loans pursuant to Section 2.01(h)(i) and (ii) each Additional Term B-7 Loan made pursuant to Section 2.01(h)(ii), in each case on the Amendment No. 8 Effective Date. -52- “Term B-7 Maturity Date” means August 29, 2029; provided, however, that if such date is not a Business Day, the Term B-7 Maturity Date shall be the next preceding Business Day. “Term B-7 Post-Closing Option Lender” means each Term B-5 Lender and Term B-6 Lender that executed and delivered an Amendment No. 8 Consent indicating the “Post-Closing Settlement Option.” “Term B-8 Cashless Option Lender” means each Term B-7 Lender that has executed and delivered an Amendment No. 9 Consent indicating the “Cashless Settlement Option.” “Term B-8 Commitment” means the Additional Term B-8 Commitment and the Term B-8 Exchange Commitments. After giving effect to Amendment No. 9, on the Amendment No. 9 Effective Date, the aggregate amount of the Term B-8 Commitments shall be $726,110,058.99. “Term B-8 Exchange Commitment” means the agreement of a Lender to exchange its Term B-7 Loans, for an equal aggregate principal amount of Term B-8 Loans on the Amendment No. 9 Effective Date, as evidenced by such Lender executing and delivering its Amendment No. 9 Consent and indicating the “Cashless Settlement Option.” “Term B-8 Lender” means, collectively, (i) on the Amendment No. 9 Effective Date, each Term B-7 Lender that executes and delivers an Amendment No. 9 Consent and indicates the “Cashless Settlement Option” prior to the Amendment No. 9 Effective Date, (ii) on the Amendment No. 9 Effective Date, the Amendment No. 9 Additional Term Lender and (iii) thereafter, each Lender with an outstanding Term B-8 Loan. “Term B-8 Loan” means, collectively, (i) Term B-7 Loans exchanged for a like principal amount of Term B-8 Loans pursuant to Section 2.01(h)(i) and (ii) each Additional Term B-8 Loan made pursuant to Section 2.01(h)(ii), in each case on the Amendment No. 9 Effective Date. “Term B-8 Maturity Date” means August 29, 2029; provided, however, that if such date is not a Business Day, the Term B-8 Maturity Date shall be the next preceding Business Day. “Term B-8 Post-Closing Option Lender” means each Term B-7 Lender that executed and delivered an Amendment No. 9 Consent indicating the “Post-Closing Settlement Option.” “Term SOFR” means, (a) for any calculation with respect to a SOFR Loan, t...
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Examples of Term B-7 Loan in a sentence

  • Each Additional Lender hereby agrees to make a 2018 Term B-7 Loan to the Borrowers in an amount equal to its Additional 2018 Term B-7 Commitment on the Amendment No. 7 Effective Date (as defined in Amendment No. 7) in accordance with Section 2.1(k) of the Term Loan Agreement.

  • Each Additional Lender hereby agrees to make a 2019-1 Term B-7 Loan and a 2019 Term B-8 Loan to the Borrowers in an amount equal to its Additional 2019-1 Term B-7 Commitment Additional and 2019 Term B-8 Commitment, as applicable, on the Amendment No. 8 Effective Date (as defined in Amendment No. 8) in accordance with Section 2.1(l) of the Term Loan Agreement.

  • 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.


More Definitions of Term B-7 Loan

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 (VII) in proper numerical order: “(VII) for all periods beginning on and after the Amendment No. 9 Effective Dat...
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Term B-7 Loan means, collectively, (i) Term B-5 Loans or Term B-6 Loans, as applicable, exchanged for a like principal amount of Term B-7 Loans pursuant to Section 2.01(h)(i) and (ii) each Additional Term B-7 Loan made pursuant to Section 2.01(h)(ii), in each case on the Amendment No. 8 Effective Date.
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Term B-7 Loan means a Loan made pursuant to Section 2.01(a)(v).
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Related to Term B-7 Loan

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

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

  • 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 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 A Loan is defined in Section 2.2(a)(i) hereof.

  • 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 Loan as defined in Section 2.1.

  • 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).

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Term B Note means a promissory note made by the Borrower in favor of a Term B Lender, or its registered assigns, evidencing Term B Loans made by such Term B Lender, substantially in the form of Exhibit C-1.

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

  • 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.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

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

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • 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.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • 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 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.

  • 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 SOFR Loan means a Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

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

  • Tranche B Loan has the meaning specified in Section 2.01(b).