Examples of Term Loan B Loan in a sentence
In the event that any Term Loan B Lender sells participations in a Term Loan B Loan, such Term Loan B Lender shall maintain a register on which it enters the name of all participants in the Term Loan B Loans held by it (the “Term Loan B Participant Register”).
A Term Loan B Loan (and the Term Loan B Note, if any, evidencing the same) may be participated in whole or in part only by registration of such participation on the Term Loan B Participant Register.
Any assignment or transfer of all or part of a Term Loan B Loan evidenced by a Term Loan B Note shall be registered on the Term Loan B Register only upon surrender for registration of assignment or transfer of the Term Loan B Note evidencing such Term Loan B Loan, accompanied by a duly executed Term Loan B Assignment and Acceptance, and thereupon one or more new Term Loan B Notes shall be issued to the designated Term Loan B Assignee.
For avoidance of doubt, the parties to this Agreement acknowledge that the provisions of this Section 12.6 concerning assignments of Term Loan B Loans and Term Loan B Notes relate only to absolute assignments and that such provisions do not prohibit assignments creating security interests, including any pledge or assignment by a Term Loan B Lender of any Term Loan B Loan or Term Loan B Note to any Federal Reserve Bank in accordance with applicable law.
Any assignment of any Term Loan B Loan, whether or not evidenced by a Term Loan B Note, shall be effective only upon appropriate entries with respect thereto being made in the Term Loan B Register.
The Borrower irrevocably authorizes Administrative Agent to make or cause to be made, at or about the time of the Borrowing Date of any Term Loan B Loan or the time of receipt of any payment of principal thereof, an appropriate notation on Administrative Agent’s Record reflecting the making of such Term Loan B Loan or (as the case may be) the receipt of such payment.
Not later than 12:00 Noon, New York City time, on the Borrowing Date requested by the Borrower each Term Loan B Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan B Loan or Term Loan B Loans to be made by such Term Loan B Lender on such date.
On the Effective Date hereof, Borrower shall give a single Term Loan B Loan Request to the Administrative Agent totaling an aggregate principal amount of exactly $475,000,000.
The "Class" of a Loan (or of a Commitment to make a Loan) refers to whether such Loan is a Revolving Credit Loan, a Term Loan A Loan or a Term Loan B Loan, each of which constitutes a Class.
Notwithstanding the foregoing, the Borrower (i) shall, in accordance with Section 2.5, make any required payments of principal and interest on the Term Loan B Loans of any Tranche on the applicable Term Loan B Loan Termination Date for such Tranche without making any corresponding payments of the Term Loan B Loans of the other Tranches and (ii) may, subject to Section 2.26(b), choose to voluntarily prepay any Tranche of Term Loan B Loans without prepaying any other Tranche.