Examples of Term B Loan Notes in a sentence
This Note is one of the Term B Loan Notes referred to in, and is entitled to the benefits of, the Credit Agreement, dated as of October [__], 2010 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the Lenders and Issuers party thereto, the other parties party thereto, and the Agent.
This Term B Loan Note is one of the Term B Loan Notes referred to in the Credit Agreement, is entitled to the benefits thereof and may be prepaid in whole or in part subject to the terms and conditions provided therein.
Upon request of Agent or any Lender at any time or from time to time, Borrower shall confirm in writing, by an instrument in form reasonably satisfactory to Agent, the principal amount then outstanding on each of the Term B Loan Notes, including all interest so added to the principal thereof.
The Company and the Term B Lenders agree that the Term B Loan Notes are issued with original issue discount pursuant to the Internal Revenue Code and that for each year the Term B Loans are outstanding, the Company shall issue to the applicable Term B Lenders United States Internal Revenue Service Form 1099 OID in respect thereof.
On or as soon as reasonably practicable after the Effective Date, (i) the Reorganized Debtors shall issue the New Partnership Interests, New Term A Loan Notes, New Term A L/C Notes, New Term B Loan Notes, and New Term B L/C Notes, and (ii) the New Partners shall issue the New Membership Interests to be distributed pursuant to this Plan without further act or action under applicable law, regulation, order, or rule.
The Term B Loan of each Term B Loan Lender shall be evidenced by a promissory note substantially in the form of Exhibit 1.1(d) (each a "Term B Loan Note" and collectively the "Term B Loan Notes"), and Borrower shall execute and deliver each such Term B Loan Note to the applicable Term B Loan Lender on or prior to the Effective Date in principal amount equal to such Term B Loan Lender's Term B Loan Commitment.
Borrower's obligation to pay the portion of the interest so added to the principal, and to pay interest thereon, shall be evidenced by the Term B Loan Notes without necessity for the issuance of any additional promissory note or any addendum or endorsement to the Term B Loan Note.
The Administrative Agent shall have received Term B Loan Notes executed by Borrower in favor of each Increase Term B Lender requesting a Term B Loan Note in a principal amount equal to the amount of the Increase Term B Loan made by it on the Effective Date.
The issuance of the New Partnership Interests, New Membership Interests, New Term A Loan Notes, New Term A L/C Notes, New Term B Loan Notes, and New Term B L/C Notes and the distribution thereof under this Plan shall be exempt from registration under applicable securities laws pursuant to section 1145(a) of the Bankruptcy Code.
The Prior Note is being retained by Administrative Agent with a notation placed on the face thereof indicating that the Prior Note has been amended, renewed, extended and restated by the Amended and Restated Term B Loan Notes.