Term B Loan Borrowing definition

Term B Loan Borrowing means Term B Loans of the same Class and Type made, converted or continued on the same date and, in the case of Eurocurrency Loans, as to which a single Interest Period is in effect.
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Term B Loan Borrowing means Term B Loans made on the same day by the Term B Loan Lenders ratably according to their respective Term B Loan Commitments.
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Term B Loan Borrowing means a borrowing of either Canadian Term B Loans or U.S. Term B Loans.
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Examples of Term B Loan Borrowing in a sentence

  • The Term B Loan Borrowing shall be made upon receipt of a Notice of Borrowing given by the applicable Borrowers to the Senior B Facility Agent not later than 11:00 A.M. (London time) three Business Days prior to the Amendment Closing Date; provided, however, that the Amendment Closing Date shall not be later than the Commitment Termination Date.

  • The Term B Loan Borrowing shall consist of Term B Loans made simultaneously by the Term B Loan Lenders in accordance with their respective Applicable Percentage of the Term B Facility.

  • The Administrative Agent shall have received a Loan Notice with respect to the Term B Loan Borrowing of the Incremental Term Loan and with respect to any Revolving Credit Borrowing to occur on the Second Amendment Effective Date, executed by a Senior Officer of the Borrower and delivered in accordance with the requirements of Section 4.2 of the Credit Agreement.

  • Any unused portion of the aggregate Term A Loan Commitments shall be automatically and permanently terminated on the date of the Term A Loan Borrowing, and any unused portion of the aggregate Term B Loan Commitments shall be automatically and permanently terminated on the date of the Term B Loan Borrowing.

  • In the event that the Borrower does not specify the order in which to apply any prepayments of a Term B Loan Borrowing, the Borrower shall be deemed to have elected that such proceeds be applied to reduce scheduled principal installments of the Term B Loans in direct order of maturity.

  • The Notice of Borrowing shall specify (A) the proposed Amendment Closing Date, (B) the aggregate amount of such proposed Term B Loan Borrowing, (C) the initial Interest Period or Periods and (D) the calculation of and compliance with the Required Asset Coverage Percentage.


More Definitions of Term B Loan Borrowing

Term B Loan Borrowing means a Borrowing comprised of Term B Loans.
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Term B Loan Borrowing means any aggregate amount of principal advanced on the same day and pursuant to the same Borrowing Request under the term loan facility created in Section 2.1B.
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Related to Term B Loan Borrowing

  • Term Loan Borrowing means a borrowing consisting of Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Term B Borrowing means any Borrowing comprised of Term B Loans.

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

  • Term B Loans means the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a) and 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).

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

  • Term Borrowing means a borrowing consisting of Term Loans of the same Type and the same Class and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders of the applicable Class under this Agreement.

  • Term SOFR Borrowing means, as to any Borrowing, the Term SOFR Loans comprising such Borrowing.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Incremental Term Loan Borrowing Date means, with respect to each Tranche of Incremental Term Loans, each date on which Incremental Term Loans of such Tranche are incurred pursuant to Section 1.01(c) and as otherwise permitted by Section 1.14.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Term B Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Term B Loans hereunder. The amount of each Lender’s Term B Loan Commitment as of the Closing Date is set forth on Schedule 2.01. The aggregate amount of the Term B Loan Commitments as of the Closing Date is $4,700.0 million.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Term Loans as defined in Section 2.1.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

  • Term Loan as defined in Section 2.1.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Revolving Loan Notes means the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

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