Examples of Tranche B-4 Term Loans 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.
Any proceeds of the Tranche B-4 Term Loans shall be applied on the Fifth Amendment Effective Date to prepay Existing Tranche B-3 Term Loans of Non-Consenting Existing Tranche B-3 Lenders and Post-Closing Option Tranche B-4 Lenders in full.
The proceeds of the Tranche B-4 Term Loans shall be used by the Borrower on the Third Amendment Effective Date to refinance the Existing Senior Notes Due 2021, pay certain outstanding Revolving Credit Loans under this Agreement and to pay certain fees and expenses in connection with the foregoing.
This Agreement represents a request by the Borrower to borrow Tranche B-4 Term Loans from the Tranche B-4 Lenders as set forth on the applicable Notice of Borrowing to be delivered by the Borrower under the Credit Agreement.
Other than as set forth herein, for all purposes under the Credit Agreement and the other Loan Documents, the Tranche B-4 Term Loans shall have the same terms as the initial Term Loans made on the Closing Date and shall be treated for purposes of voluntary and mandatory prepayments (including for scheduled principal payments) and all other terms as Term Loans made on the Closing Date.
The Borrowers shall repay to the Administrative Agent, for the benefit of the applicable Lenders, on the Tranche B-4 Term Loan Maturity Date, the then outstanding Tranche B-4 Term Loans.
Notwithstanding the foregoing, (x) such Tranche B-4 Term Loan quarterly payments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche B-4 Term Loans in accordance with Section 2.9 or 2.10, as applicable; and (y) the Tranche B-4 Term Loans, together with all other amounts owed hereunder with respect thereto, shall in any event be paid in full no later than the Tranche B-4 Term Loan Maturity Date.
Each Borrowing of 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-4 Term Loan Commitments.
The parties acknowledge that each of the Initial Term Loans, Tranche B-1 Term Loans, Tranche B-2 Term Loans, Tranche B-3 Term Loans, Tranche B-4 Term Loans, Tranche B-5 Term Loans and Tranche B-6 Term Loans may be referred to as “Tranche B-6 Loans” solely for administrative and operational purposes of the Administrative Agent, and that such references shall not affect the rights or obligations of the Borrower under the Credit Agreement and the Term Notes.
The Borrower hereby further agrees to pay interest on the unpaid principal amount of the Loans (other than the Tranche B-4 Term Loans) from time to time outstanding from the Closing Date until payment in full thereof at the rates per annum, and on the date, set forth in Section 2.13.