Examples of Term B Loan in a sentence
The Term B Loan may consist of Base Rate Loans or Term SOFR Loans, or a combination thereof, as further provided herein, provided, however, any Borrowings made on the Closing Date shall be made as Base Rate Loans unless the Company delivers a funding indemnity letter not less than three (3) Business Days prior to the date of such Borrowing.
Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the “Term B Loan”) to the Company in Dollars on the Closing Date in an amount not to exceed such Lxxxxx’s Term B Loan Commitment.
No adjustments related to the ESG Pricing Provisions shall apply to the Applicable Rate of the Term B Loan or any then outstanding Incremental Tranche B Term Loan.