Tranche B-1 Term Loans definition

Tranche B-1 Term Loans means any Initial Tranche B-1 Term Loan or Euro Tranche B-1 Term Loan.

Tranche B-1 Term Loans means the term loans made by the Lenders to the Borrower on the Restatement Effective Date pursuant to Section 2.01(a).

Tranche B-1 Term Loans has the meaning assigned to such term in Amendment No. 1.

Examples of Tranche B-1 Term Loans in a sentence

• Tranche B-1 Term Lender shall be automatically and permanently reduced to $0 upon the making of such Additional Tranche B-1 Term Lender’s Tranche B-1 Term Loans pursuant to Section 2.01(e) on the First Amendment Effective Date.

• The proceeds of the Additional Tranche B-1 Term Loans shall be used on the First Amendment Effective Date to repay in full all Non-Converted Term Loans (including payment of all accrued and unpaid interest thereon and other amounts payable in respect thereof).

• The undersigned Initial Tranche B Term Lender hereby irrevocably and unconditionally consents to the Amendment and agrees and acknowledges as follows (check ONE option): Cashless Settlement Option to convert 100% of the outstanding principal amount of the Initial Tranche B Term Loans held by such Lender (or such lesser amount allocated to such Lender by the First Amendment Lead Arrangers) into Tranche B-1 Term Loans in a like principal amount.

• Post-Closing Settlement Option to have 100% of the outstanding principal amount of the Initial Tranche B Term Loans held by such Lender prepaid on the First Amendment Effective Date and purchase by assignment a principal amount of Tranche B-1 Term Loans committed to separately by the undersigned (or such lesser amount allocated to such Lender by the First Amendment Lead Arrangers).

• Use the proceeds of the Additional Tranche B-1 Term Loans on the First Amendment Effective Date to repay in full all Non-Converted Term Loans (including payment of all accrued and unpaid interest thereon and other amounts payable in respect thereof).

More Definitions of Tranche B-1 Term Loans

Tranche B-1 Term Loans means (a) prior to the Amendment No. 3 Effective Date, the Tranche B-1 Term Loans made to the Borrower on the Amendment No. 1 Effective Date and (b) from and after the Amendment No. 3 Effective Date, collectively, (i) the Tranche B-1 Term Loans referred to in the foregoing clause (a) and (ii) the Amendment No. 3 Incremental Term Loans.

Tranche B-1 Term Loans as defined in subsection 2.1.

Tranche B-1 Term Loans means the Tranche B-1 Term Loans converted from Tranche B Term Loans, Tranche B-2 Term Loans and/or Tranche E Term Loans or made by the Lenders to the U.S. Borrower, in each case, pursuant to Section 2.01 of the Existing Credit Agreement and outstanding as of the Restatement Effective Date.

Tranche B-1 Term Loans. (a) a Term Loan, the maturity of which has been extended to the maturity date specified in Section 2.3 and (b) a Tranche B-1 Term Loan borrowed by the Borrower on the Restatement Effective Date. The aggregate amount of Tranche B-1 Term Loans as of the Restatement Effective Date is $650,000,000.

Tranche B-1 Term Loans means all Tranche B-1 Term Loans outstanding on the Amendment No. 4 Effective Date immediately prior to the borrowing of the Tranche B-2 Term Loans and the Tranche C-2 Term Loans.

Tranche B-1 Term Loans means the Term Loans made pursuant to Section 2.01(a) and outstanding under the Original Credit Agreement immediately prior to the Restatement Effective Date that were converted into Extended Maturity Term Loans on the Restatement Effective Date pursuant to the Amendment and Restatement Agreement and were redesignated as “Tranche B-1 Term Loans” on the Second Restatement Effective Date pursuant to the Second Amendment and Restatement Agreement.

Tranche B-1 Term Loans as defined in Section 2.1(b).