Tranche B-1 Lender definition

Tranche B-1 Lender means a Lender with an outstanding Tranche B-1 Term Loan.

Tranche B-1 Lender means the “Tranche B-1 Lenders” identified in and party to the First Incremental Agreement.

Tranche B-1 Lender means (a) at any time on or prior to the Closing Date, any Lender that has a Tranche B-1 Commitment at such time and (b) at any time after the Closing Date, any Lender that holds a Tranche B-1 Loan at such time.

Examples of Tranche B-1 Lender in a sentence

• Not later than 1:00 p.m., New York City time, on the Tranche B-1 Funding Date, each Tranche B-1 Lender shall make available funds equal to its Tranche B-1 Commitment in immediately available funds to the Administrative Agent at its address specified pursuant to Article 13 of the Credit Agreement.

• Upon the acceptance by the Administrative Agent and the Borrower of such Conversion Agreement, the Tranche B-1 Term Loans of such Tranche B-1 Lender specified therein shall be converted into an equal principal amount of Tranche B-2 Term Loans.

• Any Tranche B-1 Lender wishing to agree to such a conversion shall deliver to the Administrative Agent a duly completed Conversion Agreement.

• Subject to the terms and conditions set forth herein, each Tranche B-1 Lender severally agrees to exchange Existing Loans for Tranche B-1 Loans and/or make Tranche B-1 Loans to the Borrower in a single borrowing in Dollars on the Effective Date.

• The limitation and reduction set forth in the preceding sentence shall not apply to the extent that the Accrued Interest and Fees with respect to such monthly period (or portion thereof) that are due to any Tranche B-1 Lender exceeds the Actual Fee Amount of such Tranche B-1 Lender as a result of interest accrued and due to such Tranche B-1 Lender pursuant to Section 2.16(b) as a result of the conversion of Tranche B-1 Loans to ABR Loans during a Tranche B-1 ABR Conversion Period and/or Section 2.16(d).

More Definitions of Tranche B-1 Lender

Tranche B-1 Lender means a Class A Tranche B-1 Lender or a Class B Tranche B-1 Lender.

Tranche B-1 Lender any financial institution or other investor that has a corresponding Tranche B-1 Credit Linked Deposit Amount hereunder.

Tranche B-1 Lender means the “Tranche B-1 Lenders” identified in and party to the Incremental Agreement. “Tranche B-1 Loan” has the meaning set forth in Section 2.01.

Tranche B-1 Lender means a Lender with a Tranche B-1 Commitment or, if the Tranche B-1 Commitments have been reduced to zero, a Lender with a Tranche B-1 Credit Exposure.

Tranche B-1 Lender at any time, any Lender with a Tranche B-1 Term Loan Commitment or a Tranche B-1 Term Loan.

Tranche B-1 Lender each Lender that has a Tranche B-1 Term Loan Commitment or is the holder of a Tranche B-1 Term Loan.

Tranche B-1 Lender. (each, a “Tranche B-1 Lender”) agrees severally, on the terms and conditions set forth herein and in the Credit Agreement, to provide an Incremental Term Loan (each, a “Tranche B-1 Loan”) and to become, if not already, a Lender for all purposes under the Credit Agreement. The Borrower has also requested an Additional Revolving Facility in order to increase the amount of the Aggregate Revolving Credit Commitment from $125,000,000 to $150,000,000. Each financial institution identified on the signature pages hereto as a “New Revolving Lender” (each, a “New Revolving Lender”) agrees severally, on the terms and conditions set forth herein and in the Credit Agreement, to provide a Revolving Credit Commitment (each, a “New Revolving Commitment”) in the amount set forth on the Commitment Schedule (as amended hereby) opposite its name and to become, if not already, a Lender for all purposes under the Credit Agreement. Without limitation of the foregoing, each Lender on the signature page hereto, which together comprise the Required Lenders (determined immediately prior to the effectiveness of any Additional Joinder and any Xxxxxxx X-0 Xxxx, Xxxxxxx X-0 Commitment or New Revolving Commitment), is willing to consent to the amendments to the Credit Agreement contained in Section 2 and Section 3 herein, effective immediately prior to the effectiveness of any Additional Joinder and the making of the Tranche B-1 Loans and the effectiveness of the New Revolving Commitments. The parties hereto therefore agree as follows: Section 1.