Tranche B-2 Term Loan Commitments definition
Examples of Tranche B-2 Term Loan Commitments in a sentence
Each Borrowing of Tranche B-2 Term Loans and Tranche B-4 Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Tranche B-2 Term Loan Commitments and Tranche B-4 Term Loan Commitment, as applicable.
The Tranche B-2 Term Loan Borrowing shall consist of Tranche B-2 Term Loans made simultaneously by the Tranche B-2 Term Lenders in accordance with their respective Tranche B-2 Term Loan Commitments.
For the avoidance of doubt, the Tranche B-2 Term Loan Commitments shall rank equal in right of payment and of security with all other Commitments and Loans under the Amended Credit Agreement.
Borrower may make only one borrowing under each of the Tranche A Term Loan Commitments, Tranche B-1 Term Loan Commitments, Tranche B-2 Term Loan Commitments and Tranche X Term Loan Commitments which shall be on the Closing Date.
The aggregate principal amount of the Tranche B-2 Term Loan Commitments as of the date hereof is $550,000,000.
Each extension of Tranche B-2 Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then applicable Tranche B-2 Term Loan Commitments.
Subject to the terms and conditions of this Agreement, during such period the Borrowers may borrow the Tranche B-2 Term Loan Commitments by means of Base Rate Loans and Eurodollar Loans, and thereafter the Borrowers may Convert Tranche B-2 Term Loans of one Type into Tranche B-2 Term Loans of another Type (as provided in Section 2.09 hereof) or Continue Tranche B-2 Term Loans of one Type as Tranche B-2 Term Loans of the same Type (as provided in Section 2.09 hereof).
Except as set forth in this Agreement, the Tranche B-2 Term Loan Commitments shall otherwise be subject to the provisions of the Amended Credit Agreement and the other Credit Documents.
Each Borrowing of (i) Tranche B-1 Term Loans under this Agreement shall be granted by the Tranche B-1 Term Loan Lenders pro rata on the basis of their then-applicable Tranche B-1 Term Loan Commitments and (ii) Tranche B-2 Term Loans under this Agreement shall be granted by the Tranche B-2 Term Loan Lenders pro rata on the basis of their then-applicable Tranche B-2 Term Loan Commitments.
The Borrower, the Administrative Agent and each Tranche B-2 Term Loan Credit Lender hereby agree that the Credit Agreement will be amended to provide for the Tranche B-2 Term Loan Commitments as set forth in this Agreement upon the satisfaction (or waiver) by the Tranche B-2 Term Loan Credit Lenders and the Administrative Agent of the Effective Date Conditions (as defined below).