Term B Loans definition

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).

Term B Loans has the meaning specified in Section 2.01(a).

Term B Loans means the term loans made by the Lenders on the Closing Date to the Borrowers pursuant to Section 2.01(a).

Examples of Term B Loans in a sentence

• Unless sooner paid in full, the outstanding principal balance of the Term B Loans must be paid in full on the Termination Date.

• The Commitments of the Lenders to make Term B Loans will decrease concurrently with the making of Term B Loans on each applicable borrowing date by an amount equal to the aggregate amount of the Term B Loans made on that borrowing date.

• At a Lender’s request the Term Loans of that Lender may be evidenced by a Note, with appropriate insertions, payable to that Lender (or, if requested by such Lender, to such Lender and its registered assigns) in a face principal amount equal to the principal amount of that Lender’s Term Loans plus, in the case of Delayed Draw Term B Loans and Term D Loans, the unfunded principal amount of that Xxxxxx’s Delayed Draw Term B Loan Commitment and Term D Loan Commitment, respectively.

• The Commitments of the Lenders to make Term B Loans will expire at the end of the Term B Loan Availability Period.

• The aggregate amount of all Term B Loans made will not exceed the aggregate Term B Loan Commitments of all Lenders.

More Definitions of Term B Loans

Term B Loans means a term loan “B” facility as such term is understood in the leveraged finance market and which is marketed primarily to institutional investors and any increase to any Term Facility constituting Term B Loans. Term Facilities constituting Term B Loans are so designated on the Facilities Schedule.

Term B Loans means the Term B-1 Loans and the Term B-2 Loans.

Term B Loans means the Initial Term B Loans and, if applicable, the Incremental Term B Loans and any Extended Term Loans and/or Refinancing Term Loans in respect of the foregoing, and “Term B Loan” means any of such Term B Loans.

Term B Loans means a Loan made pursuant to Section 2.1(c).

Term B Loans means, collectively, the Initial Term B Loans, the Additional Term B Loans, the Other Term B Loans, the Extended Term B Loans and the Refinancing Term B Loans.

Term B Loans means a Term B USD Loan or a Term B EUR Loan.

Term B Loans means, collectively, the amount advanced by certain of the Lenders to the Borrower under the Term B Loan Commitment, not to exceed the amount of the Term B Loan Commitment.