Term B Facility definition

Term B Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term B Commitments at such time and (b) thereafter, the aggregate principal amount of the Term B Loans of all Term B Lenders outstanding at such time.

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

Term B Facility means, at any time, the aggregate amount of the Term B Lenders’ Term B Commitments at such time.

Examples of Term B Facility in a sentence

• Each such prepayment shall be applied ratably to the Term A Facility and the Term B Facility and to the principal repayment installments thereof in the inverse order of maturity.

• Pursuant to the Amendment, commencing as of November 12, 2020, the interest rate with respect to the Term A Facility was reduced to a fixed rate of 3.65% per annum and the interest rate with respect to the Term B Facility was reduced to a fixed rate of 4.5% per annum.

• Notwithstanding the foregoing, in no event shall the Eurocurrency Rate (a) applicable to the Term B Facility be less than 0.75% or (b) applicable to any other Facility be less than 0%.

• On the Closing Date, after giving effect to the Transactions, neither the Borrower nor any of its subsidiaries shall have any material indebtedness for borrowed money other than (i) the ABL Facility and the Term B Facility, (ii) the Convertible Notes, (iii) the Hong Kong Replacement LC Facility and (iv) other indebtedness reasonably and mutually agreed by the Commitment Parties.

• After giving effect to all Term B Borrowings, all conversions of Term B Loans from one Type to the other, and all continuations of Term B Loans as the same Type, there shall not be more than 5 Interest Periods in effect in respect of the Term B Facility.

More Definitions of Term B Facility

Term B Facility means the Term B Commitments and the extensions of credit made thereunder.

Term B Facility means, at any time, the aggregate amount of the Term B Lenders' Term B Commitments at such time.

Term B Facility means the credit facility for the Term B Loans described in Section 2.1(c) hereof.

Term B Facility has the meaning specified in the recitals hereto.

Term B Facility as defined in the definition of “Facility”.

Term B Facility means the commitments to make the Term B Loans under the June 2017 Incremental Assumption and Amendment Agreement, the November 2017 Incremental Assumption Agreement and the Term B Loans made hereunder and thereunder.

Term B Facility means the Dollar Term B Facility and/or the Euro Term B Facility, as the context requires.