Term B Advance definition

Term B Advance has the meaning specified in Section 2.01(b).

Term B Advance has the meaning specified in Section 2.01(a).

Term B Advance means any Advance comprised solely of Term B Loans.

Examples of Term B Advance in a sentence

• The Term B Commitment of each Term B Lender shall be automatically and permanently reduced to $0 on the Term B Advance Period Termination Date.

• Each Term B Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (a "Term B Advance") to the Borrower on the Closing Date in an amount not to exceed such Lender's Term B Commitment at such time.

• The Term B Advance owing to the Lender by the Borrower and the maturity thereof, and all payments made on account of principal thereof, shall be recorded by the Lender in its books; provided that the failure of the Lender to make any such recordation shall not affect the Obligations of the Borrower under this Term B Note or the Obligations of any of the Loan Parties under or in respect of any of the Loan Documents.

• Each Term B Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (a "Term B Advance") to the Borrower on the Effective Date in an amount not to exceed such Lender's Term B Commitment at such time.

• Each Term B Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (a "Term B Advance") to the Borrower on any Business Day that the Term A Advances shall be made in an amount not to exceed such Lender's Term B Commitment at such time.

More Definitions of Term B Advance

Term B Advance means a Term B-1 Advance or a Term B-2 Advance.

Term B Advance means a term loan or term loans made by a Term B Lender pursuant to Section 2.01(b).

Term B Advance means an advance (as from time to time consolidated or reduced by repayment) made or to be made by the Banks under the Term B Facility.

Term B Advance means an advance made by any Term B Lender under the Term B Facility.

Term B Advance means a one-time advance by a Lender to the US Borrower as part of a Term B Borrowing, as such Advance may be continued or Converted as US Base Rate Advance or a Eurocurrency Advance.

Term B Advance means an advance (as from time to time consolidated, divided or reduced by repayment) made or to be made by the Lenders under the Term B Facility.

Term B Advance is defined in Section 2.1.5(a).