Term B Agent definition

Term B Agent shall have the meaning set forth in the introductory paragraph of this Agreement and shall include its successors and assigns.
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Term B Agent has the meaning assigned to such term in the recitals hereof.
Sample 1
Term B Agent means Ableco Finance LLC, as agent for the lenders under the Term B Debt Documents (and its successors and assigns).
Sample 1

Examples of Term B Agent in a sentence

  • Upon entry of this Final Order, the Term B Agent and Term B Lenders are hereby granted, pursuant to Section 364(c)(1) of the Bankruptcy Code, an allowed superpriority administrative expense claim in each of the Cases and any Successor Cases (collectively, the “DIP Term Superpriority Claim”, and, together with the Working Capital Superpriority Claim, the “DIP Superpriority Claims”) for all Term B Obligations.

  • With respect to the Term B Priority Collateral, following the Termination Declaration Date, subject to the Remedies Notice Period, the Term B Agent may (and at the request of the Required Term B Lenders shall), on behalf of itself and the Term B Lenders, direct the Working Capital Agent to take all rights and remedies available to it and the Term B Lenders under the DIP Loan Documents or applicable law against the Term B Priority Collateral.

  • The Term B Indemnity Account shall be released to the Debtors and the funds applied in accordance with paragraph 19 hereof upon the receipt by the Term B Agent of releases acceptable to the Term B Agent in its sole discretion.

  • Following the termination of the Remedy Standstill Period, subject at all times to Section 1.10(c)(ii) of the DIP Credit Agreement, the Term B Agent may require the DIP Credit Parties to comply with Section 7.9 of the DIP Credit Agreement.

  • Following the termination of the Remedy Standstill Period, subject to Section 1.10(c)(iii), the Working Capital Agent, whether or not it shall have received such direction fromthe Term B Agent, may require the DIP Credit Parties to comply with Section 7.9 of the DIP Credit Agreement.

  • Following the payment in full in cash of the Working Capital Obligations, the Term B Agent shall be the “Control Agent” for the purpose of perfecting the security interests granted in any DIP Collateral by possession or control pursuant to the DIP Loan Documents.

  • In addition, notwithstanding anything to the contrary contained herein, (i) the Working Capital Agent and the Working Capital Lenders shall have the right to object to any sale or disposition of Working Capital Priority Collateral, and (ii) the Term B Agent and the Term B Lenders shall have the right to object to any sale or other disposition of the Term B Priority Collateral.

  • Furnish Agent and Term B Agent, upon request, with a certificate signed by the President of Borrowing Agent stating, to the best of his knowledge, that each Loan Party is in compliance in all material respects with all federal, state, provincial and local laws relating to environmental protection and control and occupational safety and health.

  • Term B Agent and each Term B Lender acknowledge and agree that all terms and provisions set forth in this Article XIV pertaining to Agent shall apply equally to Term B Agent as if it was the “Agent” hereunder.

  • In addition, each Loan Party will deliver to Agent and Term B Agent at such intervals as Agent may reasonably require such further schedules, documents and/or information regarding the Collateral as Agent may reasonably require including, without limitation, trial balances and test verifications.


More Definitions of Term B Agent

Term B Agent shall have the meaning ascribed to such term in the preamble to this Agreement.
Sample 1

Related to Term B Agent

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

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

  • Term A Lender means (a) at any time on or prior to the Closing Date, any Lender that has a Term A Commitment at such time and (b) at any time after the Closing Date, any Lender that holds Term A Loans at such time.

  • Term Loan Lender means a Lender with a Term Loan Commitment or a Term Loan.

  • Term Loan Administrative Agent means the administrative agent under the Term Loan Agreement

  • Term Loan Agent means “Term Loan Agent” as defined in the Intercreditor Agreement.

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

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

  • Term Administrative Agent shall have the meaning set forth in the recitals hereto.

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

  • Administrative Agent means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.

  • Revolving Administrative Agent has the meaning assigned to such term in the preamble of this Agreement.

  • 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 Agent shall have the meaning assigned to that term in the introduction to this Agreement and shall include any successor thereto as well as any Person designated as the “Agent”, “Administrative Agent”, “Collateral Agent”, “Trustee”, “Collateral Trustee” or similar term under any Term Credit Agreement.

  • Term Loan Lenders means the lenders from time to time party to the Term Loan Agreement.

  • DIP Lender means a lender under the DIP Facility.

  • 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).

  • Dollar Lender means the Persons listed on Schedule 1.01(b) as having Dollar Commitments and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption that provides for it to assume a Dollar Commitment or to acquire Revolving Dollar Credit Exposure, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

  • 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 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.

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • 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 Lender means an Incremental Revolving Lender or an Incremental Term Lender.

  • Borrower Agent as defined in Section 4.4.

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