Tranche B-1 Dollar Term Loans definition

Tranche B-1 Dollar Term Loans means all Tranche B-1 Dollar Term Loans (as defined in this Agreement immediately prior to the Amendment No. 2 Effective Date) outstanding immediately prior to the Amendment No. 2 Effective Date.

Tranche B-1 Dollar Term Loans has the meaning specified in the Second Amended and Restated Credit Agreement.

Tranche B-1 Dollar Term Loans means the term loans denominated in Dollars made to the U.S. Borrower on the Amendment No. 2 Effective Date pursuant to the terms of this Agreement as then in effect. of the Test Period; provided that when calculating the Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio for purposes of the definition of the “Commitment Fee Rate” and for purposes of determining compliance with Section 10.7 (other than for the purpose of determining compliance with Section 10.7 on a Pro Forma Basis as a condition to taking any action under this Agreement), any such Investments, acquisitions, dispositions, mergers, consolidations, and disposed operations that occurred subsequent to the end of the applicable Test Period shall not be given Pro Forma Effect. If, since the beginning of such period, any Person (that subsequently became a Restricted Subsidiary or was merged with or into Holdings or any Restricted Subsidiary since the beginning of such period) shall have made any Investment, acquisition, disposition, merger, consolidation, or disposed operation that would have required adjustment pursuant to this clause (a), then the Fixed Charge Coverage Ratio, Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio, Consolidated Senior Secured Debt to Consolidated EBITDA Ratio and Consolidated Total Debt to Consolidated EBITDA Ratio shall be calculated giving Pro Forma Effect thereto for such Test Period as if such Investment, acquisition, disposition, merger, consolidation, or disposed operation had occurred at the beginning of the Test Period. Notwithstanding anything to the contrary herein, with respect to any amounts incurred or transactions entered into (or consummated) in reliance on a provision of this Agreement that does not require compliance with a financial ratio or test (including, without limitation, the Fixed Charge Coverage Ratio, Consolidated First Lien Secured Debt to Consolidated EBITDA Ratio, Consolidated Senior Secured Debt to Consolidated EBITDA Ratio and Consolidated Total Debt to Consolidated EBITDA Ratio) (any such amounts, the “Fixed Amounts”) substantially concurrently with any amounts incurred or transactions entered into (or consummated) in reliance on a provision of this Agreement that requires compliance with any such financial ratio or test (any such amounts, the “Incurrence-Based Amounts”), it is understood and agreed that the Fixed Amounts (and any cash proceeds thereof) shall be disregarded in the calculation of the fina...

Examples of Tranche B-1 Dollar Term Loans in a sentence

• The Spinco Borrower shall have used the proceeds of the 2020 Spinco Tranche B-1 Dollar Term Loans to make the Spinco Payment.

• The Spinco Borrower shall repay to the Administrative Agent, for the benefit of the applicable Lenders, on the 2020 Spinco Tranche B-1 Dollar Term Loan Maturity Date, the then-outstanding 2020 Spinco Tranche B-1 Dollar Term Loans made to the Spinco Borrower, in Dollars.

• All accrued and unpaid interest on the Exchanged Tranche B-1 Dollar Term Loans and the Exchanged Tranche B-1 Euro Term Loans to, but not including the Effective Date, was payable on the Effective Date, but no amounts were payable on the Effective Date under Section 2.18(c) of the Second Amended and Restated Credit Agreement or Section 3.05.

• The U.S. Borrower will use the proceeds of the Additional Tranche B-1 Dollar Term Loans and Additional Tranche B-1 Euro Term Loans on the Amendment No. 2 Effective Date in manner described in third sentence of Section 2.1(a).

• On the Amendment No. 1 Effective Date, before and after giving effect to the borrowing of the Tranche B-1 Dollar Term Loans on the Amendment No. 1 Effective Date, no Event of Default or Default shall have occurred and be continuing.

• On the Amendment No. 1 Effective Date (after giving effect to the funding of the Tranche B-1 Dollar Term Loans by the Additional Tranche B-1 Dollar Term Lender representing the full amount of the Additional Tranche B-1 Dollar Term Commitment to be made on such date), the Additional Tranche B-1 Dollar Term Commitment of the Additional Tranche B-1 Dollar Term Lender will automatically and permanently terminate.

• All Tranche B-1 Dollar Term Loans made on the Amendment No. 1 Dollar Term Loan Effective Date by Lenders of Exchanged Tranche B Dollar Term Loans will have the Type of Loan and Interest Periods specified in the Funding Notice delivered in connection therewith.

• Each of the Loan Parties hereby (i) consents to this Amendment, (ii) confirms that all obligations of such Loan Party under the Loan Documents to which such Loan Party is a party shall continue to apply to the Amended Credit Agreement and (iii) agrees that all security interests and guarantees granted by it pursuant to any Loan Document shall secure and extend to the Obligations (including, without limitation, with respect to the Tranche B-1 Dollar Term Loans).

• The U.S. Borrower shall repay to the Administrative Agent, for the benefit of the applicable Lenders, on the Tranche B-1 Term Loan Maturity Date, the then-outstanding Tranche B-1 Dollar Term Loans made to the U.S. Borrower, in Dollars.

• All of the Tranche B-1 Dollar Term Loans (whether issued in exchange for an Initial Dollar Term Loan outstanding under the Credit Agreement or issued for cash) will be treated as fungible for U.S. federal income tax purposes.

More Definitions of Tranche B-1 Dollar Term Loans

Tranche B-1 Dollar Term Loans shall have the meaning assigned to such term in Section 2.01(a).

Tranche B-1 Dollar Term Loans solely for purposes of determining the Applicable Margin payable hereunder, a Tranche B Term Dollar Loan which was held by a Tranche B Term Dollar Loan Lender that executed and delivered its consent to the Third Amendment on or prior to the Third Amendment Effective Date.