Term B1 Advance definition

Term B1 Advance means a term loan or term loans in dollars made pursuant to Sections 2.02A or 2.03A of this Agreement on the Fifth Amendment Effective Date.
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Term B1 Advance means an advance (as from time to time consolidated, divided or reduced by repayment) made or to be made by the Term B1 Banks under the Term B1 Facility.
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Term B1 Advance shall also include Incremental Term Advances.”
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Examples of Term B1 Advance in a sentence

  • In addition, any Term B-1 Lender that has consented to the Amendment may also commit to extend all or a portion of its existing Term B-1 Advance (which shall be converted into a Term B-2 Advance and/or Term B-3 Advance in accordance with, and subject to, the Amendment) by completing Item #2 and/or Item #3 to the left of the signature block below.

  • Beal Bank previously made a Term B-1 Advance to the Borrower under the Existing Credit Agreement in the principal amount of $[98,795,750.00], the outstanding principal amount of which is $[97,313,813.72] on the Effective Date.

  • Each prepayment of the Term Advances made pursuant to this Section 2.07(c) shall be applied pro rata to a mandatory prepayment of the Term Advances (with the amount of such prepayment of the Term Advances being applied to the remaining Term A Advance, Term B-1 Advance and Term B-2 Advance amortization payments, pro rata in accordance with the amount of each such remaining Term Advance amortization payment of such Class).

  • Xxxx Bank Nevada previously made a Term B-1 Advance to the Borrower under the Existing Credit Agreement in the principal amount of $294,454,250.00, the outstanding principal amount of which is $287,092,803.70 on the Effective Date.

  • Xxxx Bank previously made a Term B-1 Advance to the Borrower under the Existing Credit Agreement in the principal amount of $98,795,750.00, the outstanding principal amount of which is $96,325,856.18 on the Effective Date.

  • Each Additional Term B-1 Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (an "Additional Term B-1 Advance") to the Borrower on the Amendment No. 1 Effective Date in an amount not to exceed such Lender's Additional Term B-1 Commitment at such time.

  • The Initial Borrower is permitted to set-off any net payment owed to it on any Interest Payment Date by the Issuer under the Issuer/Borrower Swap Agreement against its obligation to pay the floating rates of interest on the Initial Term A1 Advance, the Second Term A3 Advance, the Third Term A5 Advance, the Third Term AB1 Advance, the Second Term B2 Advance and, on and following the Class B1 Step-Up Date, the Initial Term B1 Advance on the corresponding Loan Payment Date.

  • Each such prepayment of any Term B-1 Advance, any Term B-2 Advances or any Additional Term Advances shall be applied to the installments thereof in inverse order of maturity.

  • Beal Bank Nevada previously made a Term B-1 Advance to the Borrower under the Existing Credit Agreement in the principal amount of $[294,454,250.00], the outstanding principal amount of which is $[290,037,346.22] on the Effective Date.

Related to Term B1 Advance

  • Term Advance has the meaning specified in Section 2.01(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

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

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Term SOFR Advance means an Advance that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

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

  • SOFR Advance means any Loan which, except as otherwise provided in Section 2.10, bears interest at a rate based on Adjusted Term SOFR (other than a Floating Rate Advance as to which the interest rate is determined with reference to Adjusted Term SOFR or a SOFR Market Index Rate Advance).

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Revolving Advance has the meaning given in Section 2.1.

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

  • Term B-2 Loan means the Loan in the amount set forth in Section 2.01(a)(i).

  • Term Loan Advances are each defined in Section 2.1.1(a).

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

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Term A-2 Loan means an advance made by any Term A-2 Lender under the Term A-2 Facility.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.