Term B-8 Loan definition

Term B-8 Loan means a Loan made pursuant to Section 2.01(a)(vi). On the Fourth Amendment Effective Date, immediately prior to the effectiveness of the Fourth Amendment, the aggregate principal amount of Term B-8 Loans outstanding is $2,063,250,000.00.
Sample 1Sample 2
Term B-8 Loan has the meaning set forth in Section 2.01(l).
Sample 1Sample 2
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, the Term SOFR Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the “Periodic Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business Days prior to the first day of such Interest Period, as such rate is published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (New York City time) on any Periodic Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior to such Periodic Term SOFR Determination Day, and (b) for any calculation with respect to an Base Rate Loan on any day, the Term SOFR Reference Rate for a tenor of one month on the day (such day, the “Base Rate Term SOFR Determination
Sample 1

Examples of Term B-8 Loan in a sentence

  • The undersigned Lender hereby irrevocably and unconditionally approves the Amendment and consents as follows (check ONE option for the Term B-7 Loans held by such Lender): Cashless Settlement Option to convert 100% of the outstanding principal amount of the Term B-7 Loans held by such Lender (or such lesser amount allocated to such Lender by the Amendment No. 9 Arrangers) into a Term B-8 Loan in a like principal amount.

  • 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.


More Definitions of Term B-8 Loan

Term B-8 Loan means a Loan made pursuant to Section 2.01(a)(vi).
Sample 1
Term B-8 Loan means a Loan made pursuant to Section 2.01(a)(vi)ii) 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-8 Loans outstanding is $2,063,250,000.00.“Term B-8 Note” means a promissory note of the Borrower and the Subsidiary Borrowers payable to any Term B-8 Lender or its registered assigns, in substantially the form of Exhibit C-1 hereto, evidencing the aggregate Indebtedness of the Borrower and the Subsidiary Borrowers (which shall be allocated among them ratably in accordance with the Designated Amounts) to such Term B-8 Lender resulting from the Term B-8 Loans made or held by such Term B-8 Lender. On the Fifth Amendment Effective Date the aggregate principal amount of Term B-8 Loans outstanding is $0.
Sample 1

Related to Term B-8 Loan

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

  • Term B-2 Loan means the Loan in the amount set forth in Section 2.01(a)(i).

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

  • Term B Loans means (a) the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a), and (b) 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 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 Loan Commitment means the obligation of the Term B Lenders to make a Term B Loan on the Closing Date in an aggregate principal amount equal to $850,000,000. The Term B Loan Commitment on the Closing Date is $850,000,000.

  • Term B-2 Lender means each Lender holding a Term B-2 Loan.

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

  • Term B-1 Loans has the meaning specified in Section 2.01(a)(ii).

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

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

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

  • Term B-1 Lender means a Lender with an outstanding Term B-1 Loan Commitment or an outstanding Term B-1 Loan.

  • Term B Loan Maturity Date means December 7, 2023.

  • Term A-2 Loan means an advance made by any Term A-2 Lender under the Term A-2 Facility.

  • 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 B Facility means the Term B Loan Commitments and the Term B Loans made hereunder.

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

  • Term B Commitment means, as to each Term B Lender, its obligation to make Term B Loans to the Company pursuant to Section 2.01(b) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 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 A Note means a promissory note made by the Borrower in favor of a Term Loan A Lender evidencing the portion of the Term Loan A made by such Term Loan A Lender, substantially in the form of Exhibit C-1.

  • Term Loan C has the meaning set forth in Section 2.2(c).

  • 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 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 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.