Tranche B-1 Facility definition

Tranche B-1 Facility means the Tranche B-1 Term Loan Commitments and the Tranche B-1 Term Loans made hereunder.
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Tranche B-1 Facility means the Tranche B-1 Commitments and the provisions herein relating to the Tranche B-1 Loans. "TRANCHE B-1 LENDER" means each Lender having a Tranche B-1 Commitment or a Tranche B-1 Loan. "TRANCHE B-1 LOAN" has the meaning specified in SECTION 2.1(b).
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Tranche B-1 Facility as defined in the recitals hereto.
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Examples of Tranche B-1 Facility in a sentence

  • Interest RateThe applicable margin for Tranche B-1 Facility loans depends on the Loan Parties’ total leverage ratio.

  • Substantially concurrently with the consummation of the Refinancing, the full amount of the Tranche B-1 Facility loans was drawn.

  • Borrowings of more than one Type and under more than one Facility may be outstanding at the same time; provided that there shall not at any time be more than a total of (i) 10 Eurocurrency Borrowings outstanding under each of the Tranche A-1 Facility and the Tranche B-1 Facility and (ii) 35 Eurocurrency Borrowings outstanding under each of the Global Revolving Facility and the U.S. Revolving Facility (not including Ancillary Replacement Borrowings).

  • Borrowings of more than one Type and under more than one Facility may be outstanding at the same time; provided that there shall not at any time be more than a total of (i) 10 Eurocurrency Borrowings outstanding under each of the Tranche A Facility, the Tranche B-1 Facility and the Tranche B-2 Facility and (ii) 35 Eurocurrency Borrowings outstanding under each of the Global Revolving Facility and the U.S. Revolving Facility (not including Ancillary Replacement Borrowings).

  • In the event that on or before the date that is 60 days prior to the December 31, 2019 maturity of the pension fund obligations under the Contribution Deferral Agreement (the “CDA Obligations”), the specified maturity of the CDA Obligations have not have been extended (including in connection with any permitted refinancing thereof) to a date that is at least 91 days after the final maturity date of the Tranche B-1 Facility, the Tranche B-1 Facility loans will instead mature on November 1, 2019.

  • Unless agreed upon by the Facility Agent or all of the remaining amount applied for the Drawdown, each Drawdown for Tranche B-1 Facility Amount by the Borrower shall not be less than NT$300 million (NT$300,000,000), and the exceeded part shall be in integral multiples of NT$100 million (NT$100,000,000); and each Drawdown for Tranche B-2 Facility Amount by the Borrower shall not be less than US$5 million (US$5,000,000), and the exceeded part shall be in integral multiples of US$1 million (US$1,000,000).

  • If any Lender under the Tranche B-1 Facility elects not to have a mandatory prepayment applied to its Loans pursuant to this paragraph (h), then, notwithstanding anything to the contrary in this Agreement, the portion of such mandatory prepayment accepted by Lenders under the Tranche B-1 Facility (such Lenders, the “Accepting Lenders”) shall be applied ratably among all Borrowings of Tranche B-1 Term Loans held by Accepting Lenders.

  • The Tranche B-1 Facility Fee shall be in addition to (and not in lieu of) any other fees due and payable to the Tranche B-1 Lenders on the Tranche B-1 Facility Fee Payment Date.

  • Maturity and AmortizationThe Tranche B-1 Facility loans will mature on July 26, 2022.

  • Each Incremental Facility shall be entitled to share in the Collateral and guarantees on a pari passu basis with the other Facilities and shall be entitled to share in mandatory prepayments on a basis comparable with the Tranche A Term Facility or the Tranche B-1 Facility, as determined by the Borrower and the Administrative Agent.


More Definitions of Tranche B-1 Facility

Tranche B-1 Facility the Tranche B-1 Loans.
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Related to Tranche B-1 Facility

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • 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.

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

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term A Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term A Commitments at such time and (b) thereafter, the aggregate principal amount of the Term A Loans of all Term A Lenders outstanding at such time.

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

  • Term B Facility means the Term B Loan Commitments and the Term B Loans made hereunder.

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • 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.

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

  • Term Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  • 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.

  • 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).

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Tranche B Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche B Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Tranche B Commitment is set forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Tranche B Commitment, as the case may be. The initial aggregate amount of the Lenders’ Tranche B Commitments is $750,000,000.

  • Term Facility Commitment means the commitment of a Term Lender to make Term Loans, including Initial Term Loans and/or Other Term Loans.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make or otherwise fund the Tranche A Term Loan and “Tranche A Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of the Tranche A Term Loan Commitments as of the Closing Date is $5,000,000.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Tranche B Notes is defined in Section 1.

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B Facility in effect on the Closing Date, the Term B Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.