Tranche B-7 Term Loan definition

Tranche B-7 Term Loan has the meaning specified in Section 2.01.
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Tranche B-7 Term Loan has the meaning specified in Section 2.01. “Tranche B-7 Term Loan Borrowers” means PSP and MacDermid. “Tranche B-7 Term Loan Commitment” means, as to each Tranche B-7 Term Loan Lender, its obligation to make Tranche B-7 Term Loans to the Tranche B-7 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-7 Term Loan Lender’s name on Schedule 2.01 under the caption “Tranche B-7 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-7 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-7 Term Loan Commitments on the Amendment No. 8 Funding Date is $680,000,000. “Tranche B-7 Term Loan Facility” has the meaning specified in the definition of “Facility”. “Tranche B-7 Term Loan Lender” means, at any time, any Lender that has a Tranche B-7 Term Loan Commitment or an outstanding Tranche B-7 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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Tranche B-7 Term Loan means, collectively, (i) a Term Loan in Dollars made pursuant to Section 2.1(j)(i) on the Amendment No. 11 Effective Date and (ii) each Additional Tranche B-7 Term Loan.
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Examples of Tranche B-7 Term Loan in a sentence

  • Subject to the terms and conditions set forth herein and in the Tranche B-7 Refinancing Amendment, each Tranche B-7 Lender agrees, severally and not jointly, to make a Tranche B-7 Term Loan (which Tranche B-7 Term Loan may be a continuation of an Existing Tranche B-5 Term Loan) to the Borrower on the Tranche B-7 Refinancing Amendment Effective Date in a principal amount equal to its Tranche B-7 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.

  • Until the Obligations shall have been paid in full in cash, each Tranche B-6 Term Loan Borrower, Tranche B-7 Term Loan Borrower and Revolving Credit Borrower shall withhold exercise of any right of subrogation, contribution or any other right to enforce any remedy which it now has or may hereafter have against the other Tranche B-6 Term Loan Borrowers, Tranche B-7 Term Loan Borrowers or Revolving Credit Borrowers or any other guarantor of the Obligations.

  • Subject to the terms and conditions of this Agreement, on the Tranche B-7 Effective Date the Tranche B-7 Loan Lender agrees to make to the Borrower a Tranche B-7 Term Loan in an aggregate principal amount equal to its Tranche B-7 Term Loan Commitment.

  • Subject in all cases to the Agreed Security Principles, all Obligations of the Tranche B-6 Term Loan Borrowers, Tranche B-7 Term Loan Borrowers and the Revolving Credit Borrowers under this Agreement and the other Loan Documents shall be joint and several Obligations of each Tranche B-6 Term Loan Borrower, and Revolving Credit Borrower.

  • 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 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 Tranche B-7 Term Loan Commitment shall be automatically and permanently reduced to $0 upon the funding of the Tranche B-7 Funding Loan Lender pursuant to this Section 6.

  • In the event that prior to the date that is six months after the Tranche B-7 Effective Date a Repricing Transaction occurs with respect to the Tranche B-7 Term Loans, the Borrower shall pay a premium to each Lender whose Tranche B-7 Term Loan is repaid or amended (including any Non-Consenting Lender who is required to assign its Tranche B-7 Term Loans), as applicable, equal to the 1.00% of the principal amount of such Lender’s affected Tranche B-7 Term Loan.

Related to Tranche B-7 Term Loan

  • 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.

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