Term Loan B Advance definition

Term Loan B Advance has the meaning specified in Section 2.5.

Term Loan B Advance means an advance made on pursuant to Section 2.01(d).

Term Loan B Advance is defined in Section 2.1.2(a).

Examples of Term Loan B Advance in a sentence

• The principal balance of the Term Loan B Advance shall bear interest thereon from such Advance Date at the Term Loan B Interest Rate based on a year consisting of 360 days, with interest computed daily based on the actual number of days elapsed.

• The proceeds of the initial Term Loan B Advance and all Term Loan A Advances shall be available (and the Borrower shall use such proceeds) solely (i) with respect to the initial Term Loan B Advance and any Term Loan A Advance made on the Closing Date only, to refinance existing indebtedness of the Borrower, (ii) for Permitted Acquisitions, (iii) for Capital Expenditures permitted under the terms of this Agreement, (iv) for working capital and (v) for other lawful corporate purposes.

• Once borrowed and repaid, no Term Loan B Advance may be reborrowed.

• Lender shall fund the Term Loan B Advance in the manner requested by the Advance Request provided that each of the conditions precedent to such Term Loan B Advance is satisfied as of the requested Advance Date.

• The entire remaining principal balance of the Term Loan B Advance outstanding and all accrued but unpaid interest hereunder, shall be due and payable on the Term Loan Maturity Date.

More Definitions of Term Loan B Advance

Term Loan B Advance means a borrowing requested by Borrower and made by the Term Loan B Lenders pursuant to Section 4.A.1(a) hereof, including without limitation any refunding or conversion of such borrowing pursuant to Section 4.A.4 hereof, and may include, subject to the terms hereof, Eurodollar-based Advances and Base Rate Advances.

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

Term Loan B Advance. The Term Loan B Advance shall be repaid in equal consecutive monthly installments amortized over 48 months payable on the first day of each calendar month commencing February 1, 2007, with the entire unpaid balance due and payable on the Maturity Date

Term Loan B Advance has the meaning specified in Section 2.01(b)(ii)."

Term Loan B Advance. (A) (i) Subject to the terms and conditions of the Agreement, IBM Credit shall make loans (the "Term Loan B) from time to time in an amount no lower than Two Million Five Hundred Thousand Dollars ($2,500,000) USA Customer on the date (the "Term Loan B Commencement Date") specified in a written request to IBM Credit by USA Customer for such Term Loan B ("Request for Term Loan B Advance") in the form of Exhibit 2.4.2 attached hereto, provided that the Outstanding Term Loan B at any time shall not exceed the Term Loan B Commitment. USA Customer shall deliver the Request for Term Loan B Advance on or prior to 1:00 p.m. (eastern time) one (1) Business Day prior to the Term Loan B Commencement Date. The Request for Term Loan B Advance shall set forth the principal amount of the Term Loan B. USA Customer may deliver the Request for Term Loan B Advance via facsimile.

Term Loan B Advance means each borrowing under the Term Loan B Facility or (as the context requires) the principal amount of that borrowing outstanding at any relevant time;

Term Loan B Advance shall have the meaning specified in Section 3.1(b); Term Loan B Advances shall mean collectively all of the Term Loan B Advances. Third Amendment Date shall mean August 5, 2014.