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

• Any prepayment of the Term B Loans pursuant to Section 2.05(a)(i), Section 2.05(b)(iii) or Section 2.05(b)(viii) in connection with a Repricing Event shall be accompanied by the payment of the Repricing Premium, for the ratable account of the Appropriate Lenders with such Term B Loans or Incremental Term Loans that are either repaid, converted or subjected to a pricing reduction in connection with such Repricing Event.

• Such notice shall set forth (i) the amount of the Incremental Commitments being requested, (ii) the date on which such Incremental Commitments are requested to become effective (the “Increased Amount Date”) and (iii) whether such Incremental Commitments are to be Term B Loan Commitments or commitments to make term loans with pricing and/or amortization terms different from the Term B Loans (“Other Term Loans”).

• The proceeds of the Initial Term B Loans made on the Amendment No. 34 Effective Date shall be used to refinance, in full, all Loans outstanding under this Agreement immediately prior to the Amendment No. 34 Effective Date.

• The Borrower shall use the proceeds of the Term B Loans (a) to refinance and replace the Credit Obligations (under and as defined in the Revolving Credit Agreement), (b) pay fees, costs and other expenses associated with the Transactions and (c) for general working capital needs and corporate purposes that are not otherwise prohibited by this Agreement or the other Loan Documents.

• With respect to Loans other than the 2021 Other Term B-1 Loans, the 2021 Other Term B-2 Loans, the 2022 Term B Loans, the 2022 Term B-2 Loans and, the 2024 Term B-1 Loans and the 2024 Term B-2 Loans, if, with respect to Loans denominated in Dollars, the Borrower fails to specify a Type of Loan in a Committed Loan Notice or fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made as, or converted to, Base Rate Loans.

More Definitions of Term B Loans

Term B Loans means the Term B-1 Loans and the Term B-2 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 Initial Term B Loans and, if applicable, the Incremental Term B Loans, 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 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.

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

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.