Tranche B-1 Loans definition

Tranche B-1 Loans as defined in Section 2.1(c)(ii).
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Tranche B-1 Loans means the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a).
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Tranche B-1 Loans means the Loans made by the Lenders to the Borrower pursuant to Section 2.01(b) and with respect to which the Lender holding such Loans on the Amendment No. 1 Effective Date shall have executed Amendment No. 1.
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Examples of Tranche B-1 Loans in a sentence

  • The Tranche B-1 Loans shall constitute a separate Class of Term Loans under the Credit Agreement, distinct from the Class of Term Loans made by the Lenders on the Effective Date.

  • The Tranche B-1 Loans shall constitute the same Class of Term Loans under the Credit Agreement as the Class of Term Loans made by the Lenders on the Amendment Effective Date.

  • Section 2.10(b) is hereby amended by inserting, immediately after the words “Effective Date” where they appear therein the parenthetical phrase: “(or, in the case of Tranche B-1 Loans, twelve months after the Tranche B-1 Funding Date)”.

  • Except as set forth in this Agreement, the Tranche B-1 Loans shall be subject to the provisions of the Credit Agreement and the other Loan Documents that apply to “Loans”, “Term Loans” and “Incremental Term Loans” thereunder.

  • The Borrower covenants and agrees that it will use the proceeds of the Tranche B-1 Loans to refinance the aggregate principal amount of Existing Loans outstanding on the Effective Date and to pay any interest, fees and/or expenses related thereto.

  • Section 6.02 of the Credit Agreement is amended by adding the following sentence immediately prior to the existing last sentence thereof: The Tranche B-1 Loans shall be used (x) to prepay, repay or redeem the Second Lien Indebtedness, including any fees, expenses and premiums payable in connection therewith and (y) for any other purpose permitted by Section 6.02.

  • The proceeds of the Revolving Loans, Tranche B-1 Loans and Swingline Loans will be used only for general corporate purposes and, to the extent permitted by Section 6.01(a)(i), Permitted Acquisitions.

  • Other than as set forth herein, for all purposes under the Credit Agreement and the other Credit Documents, the Tranche B-1 Loans shall have the same terms as the Initial Term Loans and shall be treated for purposes of voluntary and mandatory prepayments (including any applicable prepayment fees and for scheduled principal payments) and all other terms as Initial Term Loans.

  • The Eurodollar Margin with respect to the Tranche B-1 Loans shall mean a percentage per annum equal to 3.50%.

  • The ABR Margin with respect to the Tranche B-1 Loans shall mean a percentage per annum equal to 2.50%.


More Definitions of Tranche B-1 Loans

Tranche B-1 Loans means the term loans made to the Borrower pursuant to the Original Credit Agreement and designated as “Tranche B-1 Loans” pursuant to the Amendment Agreement.
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Tranche B-1 Loans as defined in the preamble. The aggregate outstanding principal amount of Tranche B-1 Loans on the Restatement Effective Date is $237,718,750.00.
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Related to Tranche B-1 Loans

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

  • Term B-1 Loans has the meaning specified in Section 2.01(a)(ii).

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

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

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Term A-2 Loan means an advance made by any Term A-2 Lender under the Term A-2 Facility.

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Term B-1 Loan means a Loan made pursuant to Section 2.01(a).

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Term B Loans means (a) the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a), and (b) any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

  • 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.

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • 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.

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

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

  • 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.

  • 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 A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

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

  • 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 C Lender means a Lender with a Tranche C Commitment or an outstanding Tranche C Term Loan.

  • 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.