Examples of Term Loan B Administrative Agent in a sentence
After giving effect to the resignation of Xxxxxxx Xxxxx Bank USA, as Term Loan B Administrative Agent under the Original Credit Agreement (in such capacity, the “Resigning Agent”), the provisions of this Article and Section 9.03 shall continue in effect for the benefit of the Resigning Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as Term Loan B Administrative Agent under the Original Credit Agreement.
Each of the Administrative Agent and the Term Loan B Administrative Agent has delivered to the Collateral Agent true and complete copies of all Security Agreements as in effect on the date hereof.
All distributions made by the Collateral Agent pursuant to subsection 4.4 shall be (subject to any decree of any court of competent jurisdiction) final, and the Collateral Agent shall have no duty to inquire as to the application by the Administrative Agent or the Term Loan B Administrative Agent of any amounts distributed to them.
Each of the Term Loan B Lenders, the Lenders, the Administrative Agent, and the Term Loan B Administrative Agent agrees that, so long as any of the Obligations and the Term Loan B Obligations shall remain unpaid, it will not exercise any right, power or remedy referred to in subsection 8.2(a) hereof with respect to the Collateral, without the consent of the Collateral Agent.
Promptly upon receipt of such notice, the Term Loan A/Revolver Administrative Agent will give notice thereof to each Revolving Lender and the Term Loan B Administrative Agent, specifying in such notice such Lender’s Applicable Percentage of such Swingline Loan or Loans.
References to “applicable” Administrative Agent shall mean, when referring to a Term B Loan or a Term B Lender, the Term Loan B Administrative Agent and when referring to the Revolving Loans, Revolving Commitments, Revolving Lenders, Swingline Loans, Swingline Lenders, Letters of Credit, LC Disbursements or Issuing Banks, the Term Loan A/Revolver Administrative Agent.
The Term Loan B Administrative Agent shall notify the Borrowers, the New Term B Lenders and the other Lenders of the First Refinancing Amendment Effective Date and such notice shall be conclusive and binding.
Notwithstanding anything to the contrary in the Credit Agreement, each of the parties hereto agrees that assignments of any of the Refinancing Term B-2 Loans (including assignments by the Eighth Refinancing Amendment Arrangers or any of their respective Affiliates) shall be subject to a processing and recordation fee of $3,500 unless waived by the Term Loan B Administrative Agent in its sole discretion.
It is expressly understood, however that in no event shall Term Loan B Administrative Agent or any Term Loan B Lender be entitled to a grant of a lien, security interest, pledge or other encumbrance in any Collateral in which the Collateral Agent is not granted a lien, security interest, pledge or other encumbrance that is pari passu with the Administrative Agent's or the Lenders' Lien.
The designation of Commitments as Term Loan B Commitments shall be made pursuant to an amendment (each, an “Incremental Term Loan B Facility Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by the Company, the Term Loan B Administrative Agent and each applicable Incremental Term Loan B Lender.