Tranche B-1 Loan definition

Tranche B-1 Loan means a Loan made pursuant to Section 2.02(a)(ii).

Tranche B-1 Loan shall have the meaning specified in Amendment No. 1.

Tranche B-1 Loan means an extension of credit in Dollars made by a Tranche B-1 Lender to Ultimate Holdings]pursuant to this Agreement.

Examples of Tranche B-1 Loan in a sentence

• No amount of any Tranche B-1 Loan which is repaid or prepaid by the Borrower may be reborrowed hereunder.

• Gross proceeds required to be funded by each Tranche B-1 Lender with respect to its Tranche B-1 Loan shall be equal to 99.875% of the principal amount of such Tranche B-1 Loan.

• Gross proceeds required to be funded by each Tranche B-1 Lender with respect to its Tranche B-1 Loan shall be equal to 98.00% of the principal amount of such Tranche B-1 Loan.

• Any Term Note requested by a Lender pursuant to Section 2.16 of the Credit Agreement to evidence such Tranche B-1 Lender’s Tranche B-1 Loan shall have been issued by the Borrower payable to the order of each such requesting Lender.

• Gross proceeds required to be funded by each Tranche B-1 Lender with respect to its Tranche B-1 Loan shall be equal to 97.75% of the principal amount of such Tranche B-1 Loan.

More Definitions of Tranche B-1 Loan

Tranche B-1 Loan has the meaning set forth in Section 2.01. For the avoidance of doubt, the “Applicable Margin” and “Maturity Date” for each Tranche B-1 Loan shall be as provided for all Term Loans in the Credit Agreement as in effect on the date hereof.

Tranche B-1 Loan and "Tranche B-1 Loans": as defined in Section 2.1(c)(ii).

Tranche B-1 Loan has the meaning set forth in Section 2.01.

Tranche B-1 Loan as defined as set forth in Section 2.5(a). Tranche B-1 Loans may be ABR Loans to the extent provided in Section 2.4(f) and may bear interest at the Eurodollar Rate as provided herein.

Tranche B-1 Loan means the term loans made by the Lenders to the US Borrower pursuant to Section 2.01(a)(i).

Tranche B-1 Loan has the meaning set forth in Section 2.01. For the avoidance of doubt, the “Applicable Margin” and “Maturity Date” for each Tranche B-1 Loan shall be as provided for all Term Loans in the Credit Agreement as in effect on the date hereof. (ii) Section 2.01: The existing text of Section 2.01 of the Credit Agreement is designated to be clause “(a)” thereof, and the following new clause (b) is added to read in full as follows: 2 (b) Each Tranche B-1 Lender severally (and not jointly) agreed, on the terms and subject to the conditions set forth in the First Incremental Agreement, to make an Incremental Term Loan (each, a “Tranche B-1 Loan”) to the Borrower on the Tranche B-1 Funding Date in the amount of such Tranche B-1 Lender’s Tranche B-1

Tranche B-1 Loan means each Existing Tranche B Loan outstanding under the First Amended and Restated Credit Agreement immediately prior to the effectiveness of this Agreement that is not converted to a Tranche B-2 Loan pursuant to Section 4(a) of the Second Amendment and Restatement Agreement. Each Tranche B-1 Loan shall be either an ABR Term Loan or a LIBOR Term Loan.