Term B Advance definition

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

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

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

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.

• On and after the Term B Advance Period Termination Date, no Lender shall be obligated to make any Term B Loan.

• The Ticking Fee shall accrue at all times during the Term B Advance Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and 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.

More Definitions of Term B 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 Banks under the Term B Facility.

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 made by any Term B Lender (as defined in the Existing Credit Agreement) under the Term B Facility.

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

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 any borrowing of the Term B Loan.

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.