Tranche B-6 Term Loan definition

Tranche B-6 Term Loan means a Loan made pursuant to Section 2.01(g)(i).
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Tranche B-6 Term Loan means, collectively, (i) a Term Loan in Dollars made pursuant to Section 2.1(i)(i) on the Amendment No. 10 Effective Date and (ii) each Additional Tranche B-6 Term Loan.
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Tranche B-6 Term Loan has the meaning specified in Section 2.01.
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Examples of Tranche B-6 Term Loan in a sentence

  • Subject to the terms and conditions hereof and of Amendment No. 6, each Lender with a Tranche B-6 Commitment severally agrees to make or exchange, as applicable, on the Amendment No. 6 Effective Date, a Tranche B-6 Term Loan to the Borrower in Dollars in an amount equal to such Lender’s Tranche B-6 Commitment.

  • The Administrative Agent will promptly notify the Lenders of any termination or reduction of the unused portions of the Letter of Credit Sublimit, the unused Dollar Revolving Credit Commitments, the unused Multicurrency Revolving Credit Commitments, the unused Tranche B-6 Term Loan Commitments, the unused Tranche B-7 Term Loan Commitments, the unused Euro Tranche C-5 Term Loan Commitments or the unused Euro Tranche C-6 Term Loan Commitments under this Section 2.06.

  • All of the Borrowers’ obligations under this Article III shall survive termination of the Tranche B-6 Term Loan Commitments, the Tranche B-7 Term Loan Commitments, the Euro Tranche C-5 Term Loan Commitments, the Euro Tranche C-6 Term Loan Commitments, the Total Revolving Credit Commitments and repayment of all other Obligations hereunder.

  • The Administrative Agent will promptly notify the Lenders of any termination or reduction of the unused portions of the Letter of Credit Sublimit, the unused Dollar Revolving Credit Commitments, the unused Multicurrency Revolving Credit Commitments, the unused Tranche B-5 Term Loan Commitments, the unused Tranche B-6 Term Loan Commitments, the unused Euro Tranche C-4 Term Loan Commitments or the unused Euro Tranche C-5 Term Loan Commitments under this Section 2.06.

  • Subject to the terms and conditions set forth herein and in the Credit Agreement as amended hereby, the Initial Tranche B-6 Lender agrees to make a Tranche B-6 Term Loan to the Borrower on the Tranche B-6 Incremental Amendment Effective Date in a principal amount equal to its Tranche B-6 Commitment, which amount shall be made available to the Administrative Agent in immediately available funds in accordance with the Credit Agreement as amended hereby.

  • LIBOR US + 2.90%, 0.00% Floor), 2.90%, 05/15/21(b) 8,600 7,826,000 KAR Auction Services, Inc., Tranche B-6 Term Loan, (1 mo.

  • The Tranche B-6 Term Loan Borrowers, Tranche B-7 Term Loan Borrowers and Revolving Credit Borrowers under this Agreement and the other Loan Documents together desire to allocate among themselves, in a fair and equitable manner, their Obligations arising under this Agreement and the other Loan Documents.

  • The Borrower, the Administrative Agent and the Lenders agree that the Tranche B-6 Term Loans shall be treated in their entirety as one fungible tranche for U.S. federal income tax purposes (i.e., the Tranche B-6 Term Loans received upon conversion of the Converted Tranche B-5 Term Loans shall be fungible for U.S. federal income tax purposes with the Tranche B-6 Term Loans made pursuant to the Tranche B-6 Term Loan Commitment).

  • In the event that prior to the date that is twelve months after the Tranche B-6 Effective Date a Repricing Transaction occurs with respect to the Tranche B-6 Term Loans, the Borrower shall pay a premium to each Lender whose Tranche B-6 Term Loan is repaid or amended (including any Non-Consenting Lender who is required to assign its Tranche B-6 Term Loans), as applicable, equal to the 1.00% of the principal amount of such Lender’s affected Tranche B-6 Term Loan.

  • LIBOR US + 2.900%, 0.000% Floor), 4.64%, 05/15/20(c) 8,600 8,625,800 KAR Auction Services, Inc., Tranche B-6 Term Loan (1 mo.


More Definitions of Tranche B-6 Term Loan

Tranche B-6 Term Loan has the meaning specified in Section 2.01. “Tranche B-6 Term Loan Borrowers” means PSP and MacDermid. “Tranche B-6 Term Loan Commitment” means, as to each Tranche B-6 Term Loan Lender, its obligation to make Tranche B-6 Term Loans to the Tranche B-6 Term Loan Borrowers (i) pursuant to Section 2.01 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Tranche B-6 Term Loan Lender’s name on Schedule 2.01 under the caption “Tranche B-6 Term Loan Commitment”, (ii) in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, and (iii) pursuant to Section 2.14 in an aggregate principal amount at any one time outstanding not to exceed the amount agreed to by such Tranche B-6 Term Loan Lender in compliance with Section 2.14, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate amount of Tranche B-6 Term Loan Commitments on the Amendment No. 7 Funding Date is $1,231,000,000. “Tranche B-6 Term Loan Facility” has the meaning specified in the definition of “Facility”. “Tranche B-6 Term Loan Lender” means, at any time, any Lender that has a Tranche B-6 Term Loan Commitment or an outstanding Tranche B-6 Term Loan at such time. (x)Section 2.01 of the Credit Agreement is hereby amended by amending and restating such section in its entirety as follows: “2.01
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Related to Tranche B-6 Term Loan

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

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan Commitment, and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is Twenty Million Dollars ($20,000,000.00).

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.