Term B Advance Period Termination Date definition
Examples of Term B Advance Period Termination Date 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.
Subject to the terms and conditions set forth herein, each Term B Lender severally agrees to make to the Borrower, in up to three advances on any date on or after the Signing Date and until the Term B Advance Period Termination Date, term loans in an aggregate principal amount not to exceed such Term B Lender’s Term B Commitment as in effect on the applicable Draw Date (immediately prior to giving effect to the Term B Borrowings to be made on such date).