Term Loan B Funding Date definition

Term Loan B Funding Date means a Business Day on or after which the conditions set forth in Sections 2.1, 2.2 and 2.4 shall have been satisfied and on which the Term Lenders have been requested to fund the Term Loan B pursuant to Section 1.1(c)(i).
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Term Loan B Funding Date means the date on which all of the conditions precedent set forth in Section 5.02 are first satisfied or waived and the borrowing of the Term Loan B shall have occurred.
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Term Loan B Funding Date means the date on which all of the Term Loan B Funding Conditions (hereinafter defined) have been satisfied or waived in writing by the Agent with the consent of the Required Lenders and Term Loan B is funded by the Lenders.
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Examples of Term Loan B Funding Date in a sentence

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  • The borrowing of the Term Loan B Loans hereunder shall constitute a representation and warranty by the Borrower as of the Term Loan B Funding Date that the conditions contained in this Section 5.4 have been satisfied (or waived).

  • The Totalcat Acquisition Documents are in full force and effect as of the Term Loan B Funding Date and have not been terminated, rescinded or withdrawn as of such date.

  • Such Notes shall be dated as of the Term Loan B Funding Date and shall be duly and validly executed and delivered by the Borrowers.

  • The Agents shall have received evidence satisfactory to each of them that the Foothill Loan Agreement shall have been amended on or prior to the Term Loan B Funding Date to increase the aggregate commitments available thereunder to $85,000,000.

  • Subject to the terms and conditions hereof, each Term Loan B Lender severally agrees to make a term loan (collectively, the “Term Loan B Loans”) under the Term Loan B Facility to the Borrower on the Term Loan B Funding Date in an amount not to exceed the amount of the Term Loan B Commitment of such Lender.

  • The Total Term Loan B Commitment shall terminate upon the earlier of (a) the making of the Term Loan B on the Term Loan B Funding Date and (b) the expiration of the Term Loan B Funding Period.

  • On the Effective Date, an amount equal to the Commitment Fee and any then unused portion of the Expense Deposit shall be credited against the Closing Fees due and payable on the Effective Date, which Fees shall be fully earned and non-refundable as of the Effective Date or the Term Loan B Funding Date as the case may be (collectively, the "Closing Fees").

  • The Collateral Agent shall have received evidence satisfactory to it that the Qualified Issuance shall have occurred on or prior to the Term Loan B Funding Date.

  • The aggregate amount of the Term Loans outstanding as of the Term Loan B Funding Date shall not exceed 2.25 times TTM EBITDA for the most recently completed 12 month period set forth in the Financial Statements referenced in Section 5.01(l) after giving pro forma effect to the Totalcat Acquisition.


More Definitions of Term Loan B Funding Date

Term Loan B Funding Date means the date on which all of the conditions precedent set forth in Section 5.02 of the Ableco Financing Agreement are first satisfied or waived and the borrowing of the Term Loan B shall have occurred.
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Term Loan B Funding Date means the date of the funding of the Term Loan B. "Term Loan B Non-Utilization Fee" has the meaning set forth in Section 2.4(b). "Term Loans" means the Term Loan A and the Term Loan B collectively.
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Related to Term Loan B Funding Date

  • Delayed Draw Funding Date means the date occurring on or after the Effective Date upon which all of the conditions to funding the Delayed Draw Term Loan set forth in Section 6.02 are satisfied and the Delayed Draw Term Loan is funded.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan C has the meaning set forth in Section 2.2(c).

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • 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.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

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

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Tranche B Term Loan as defined in Section 2.1.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Tranche B Term Loan Maturity Date means October 20, 2016.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

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

  • Tranche C Term Loan as defined in Section 2.1.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

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

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

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