Tranche B-1 Term Loan Facility definition

Tranche B-1 Term Loan Facility means the term loan facility consisting of Tranche B-1 Term Loans made to the Borrower.
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Tranche B-1 Term Loan Facility has the meaning specified in the definition of “Facility”.
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Tranche B-1 Term Loan Facility the Tranche B-1 Term Loans.
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Examples of Tranche B-1 Term Loan Facility in a sentence

  • Thereafter, the interest rate for such borrowings will be the base rate or adjusted Eurodollar rate, at the Reorganized Debtors’ election, plus, in either case, a margin based on the Reorganized Debtors’ consolidated ratio of consolidated EBITDA to total indebtedness; and • Borrowings under the Tranche B-1 Term Loan Facility and Tranche B-2 Term Loan Facility will bear interest, at the Reorganized Debtors’ election, at a base rate plus 1.75% per annum or an adjusted Eurodollar rate plus 2.75% per annum.

  • The Tranche B-1 Term Loan Facility and the Tranche B-2 Term Loan Facility will be repaid during the final year of such loans in equal quarterly amounts, subject to amortization of approximately 1% per year prior to such final year.

  • Amortization: Prior to the maturity of the Tranche A Term Loans, the Loans made pursuant to the Tranche B-1 Term Loan Facility (the "Tranche B-1 Term Loans") shall be subject to annual amortization in aggregate annual amounts equal to 1% of the Tranche B-1 Term Loan Facility.

  • Tranche B-1 Term Loan Facility: An amount to be determined (See Footnote 1) (which will be made available only in U.S. Dollars).

  • The Tranche B-1 Term Loan Facility and the Tranche B-2 Term Loan Facility will mature on the seventh anniversary of the Effective Date.

  • Maturity: The final maturity of the Tranche B-1 Term Loan Facility shall be eight years from the Closing Date.

Related to Tranche B-1 Term Loan Facility

  • 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 as defined in Section 2.1.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Initial Term Loan Facility means the Initial Term Loan Commitments and the provisions herein related to the Initial Term Loans.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.