Term B2 Loan definition

Term B2 Loan has the meaning assigned to such term in Section 2.1(b).
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Term B2 Loan means a term loan made to the Borrower pursuant to the terms of the Note Purchase Agreement.
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Term B2 Loan means an advance made by any Term B Lender under the Term B2 Facility.
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Examples of Term B2 Loan in a sentence

  • Each Additional Term B-2 Loan shall initially take the form of a pro rata increase in each outstanding Borrowing of Initial Term B-2 Loans on the Third Amendment Effective Date.

  • The Term B-2 Loan will bear interest at an index rate based on EURIBOR plus a margin of 3.25%.

  • This arrangement allowed blocks of loaded or empty hoppers, or complete unit trains, to move easily between the two railroads and the adjacent South Columbus Yard and N&W Watkins Yard.

  • Therefore, each Holder of a Class 6 2020 Term B-2 Loan Claim is entitled to vote to accept or reject the Plan.

  • Without limiting the generality of the foregoing, the making of a Term B2 Loan shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent or any Noteholder may have had notice or knowledge of such Default at the time.

  • If no election as to the Type of Borrowing is specified, then (other than with respect to a Term B-2 Loan Borrowing), if the specified currency of such Borrowing is (a) U.S. Dollars, the requested Borrowing shall be an ABR Borrowing, (b) Euro, the requested Borrowing shall be a EURIBOR Borrowing and (c) Sterling or any other Alternative Currency, the requested Borrowing shall be a Eurocurrency Borrowing.

  • Unless previously terminated, the Term B2 Loan Commitments shall terminate if and to the extent that the Term B2 Loans have not been made on or prior to the Effective Date.

  • On the Effective Date, or as soon as reasonably practicable thereafter, each Holder of an Allowed 2020 Term B-2 Loan Claim shall receive, in full and final satisfaction, compromise, settlement, release, and discharge of such Claim, such Holder’s Pro Rata share of the Class 6 Equity Distribution.

  • Each Noteholder at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Noteholder to make such Term B2 Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Term B2 Loan in accordance with the terms of this Agreement.

  • OpCo Term Loan Claims (Class 4), 2020 Term B-1 Loan Claims (Class 5), 2020 Term B-2 Loan Claims (Class 6), Unsecured Notes Claims (Class 8), Talc Personal Injury Claims (Class 9(a)), Non-Qualified Pension Claims (Class 9(b)), Trade Claims (Class 9(c)), and Other General Unsecured Claims (Class 9(d)) are Impaired, and the votes of Holders of Claims in such Classes will be solicited.


More Definitions of Term B2 Loan

Term B2 Loan means loans made by each Term B2 Loan Lender in Dollars to the Borrower on the Amendment No. 2 Effective Date, in an amount not to exceed such Lender’s Term B2 Loan Commitment.
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Term B2 Loan means a term loan or term loans in US Dollars made pursuant to Sections 2.01(a)(i) or 2.01(a)(iii) or deemed made pursuant to Section 2.01(a)(ii).
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Related to Term B2 Loan

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

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

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

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

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

  • Term B-1 Loan means a Loan made pursuant to Section 2.01(a).

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

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

  • Term B-1 Loans means the Term Loans made pursuant to the Term B-1 Commitment.

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

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

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

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

  • Term B Loan Commitment means, as to any Lender, the obligation of such Lender to make its Term B Loan on the Closing Date in the principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1 attached hereto and made a part hereof. The Borrower and the Lenders acknowledge and agree that the Term B Loan Commitments of the Lenders aggregate $50,000,000 on the Closing Date.

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

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Term B Facility means the Term B Loan Commitments and the Term B Loans made hereunder.

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

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Tranche C Loan means an extension of credit by a Lender to TFA under Article II. Except as provided in Section 2.16(c), Tranche C Loans shall be denominated in Australian Dollars.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Term B Loan Maturity Date has the meaning specified in the definition of “Maturity Date.”

  • Tranche B Term Loan as defined in Section 2.1.

  • Term B-2 Lender means, at any time, any Lender that has a Term B-2 Commitment or a Term B-2 Loan at such time.

  • PIK Loan means a Loan to an Obligor, which provides for a portion of the interest that accrues thereon to be added to the principal amount of such Loan for some period of the time prior to such Loan requiring the cash payment of interest on a monthly or quarterly basis.