Tranche B Term Loan Borrowing definition

Tranche B Term Loan Borrowing means the Borrowing hereunder consisting of Tranche B Term Loans made to the Borrower on the Closing Date by the Lenders ratably according to their respective Tranche B Term Loan Commitment Percentages and in the case of Eurodollar Loans, having the same Interest Periods, provided that any Base Rate Loans incurred pursuant to Section 4.02 shall be considered as part of the related Tranche B Term Loan Borrowing of Eurodollar Loans.
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Tranche B Term Loan Borrowing means the borrowing of Tranche B Term Loans from all the Tranche B Term Lenders (other than any Tranche B Term Lender which has not funded its share of a Tranche B Term Loan Borrowing in accordance with this Agreement) having Tranche B Term Loan Commitments on a given date.
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Tranche B Term Loan Borrowing means a portion of the Tranche B Term Loan of a particular Type; provided that no Tranche B Term Loan Borrowing shall be in an aggregate principal amount of less than $5,000,000 and each Tranche B Term Loan Borrowing constituting a Eurodollar Rate Advance shall be in a principal amount that is an integral multiple of $1,000,000 (unless no portion of the Tranche B Term Loan constitutes a Base Rate Advance), and no more than ten (10) Interest Periods in the aggregate for Tranche B Term Loan Borrowings constituting Eurodollar Rate Advances may be outstanding at any time.
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Examples of Tranche B Term Loan Borrowing in a sentence

  • Each Lender’s Tranche B Term Loan Commitment shall terminate immediately and without further action on the Tranche B Term Loan Borrowing Date after giving effect to the funding of such Lender’s Tranche B Term Loan Commitment on such date.

  • The consolidated Product Revenue of the Borrower and its Subsidiaries for the period of four (4) consecutive fiscal quarters ended on the last day of the fiscal quarter before the proposed Tranche B Term Loan Borrowing Date shall be not less than $47,000,000.

  • Any prepayment of a Tranche B Term Loan Borrowing pursuant to Section 2.11(a) shall be applied to reduce scheduled repayment amounts of the Tranche B Term Loans as directed by the Borrower.

  • The Lender shall have received the executed Tranche B Warrant, dated as of the Tranche B Term Loan Borrowing Date, in form and substance reasonably acceptable to the Lender and substantially in the form of the Tranche A Warrant (other than with respect to the amount of shares and exercise period thereof).

  • Conditions to Tranche B Term Loan; Borrowing Date 42 Section 6.03.

  • The borrowing of the Loans shall constitute a certification by Borrower to the effect that the conditions set forth in Section 6.01 and Section 6.02, as applicable, have been fulfilled as of the Closing Date or the Tranche B Term Loan Borrowing Date, as applicable.

  • The borrowing of the Term Loans shall constitute a certification by the Borrower to the effect that the conditions set forth in Section 6.01 and 6.02, as applicable, have been fulfilled as of the Closing Date or the Tranche B Term Loan Borrowing Date, as applicable.

  • Each Lender’s Tranche B Term Loan Commitment shall terminate immediately and without further action on the earlier of (x) the Tranche B Term Loan Borrowing Date after giving effect to the funding of such Lender’s Tranche B Term Loan Commitment on such date and (y) the Tranche B Term Loan Commitment Termination Date.

  • Any prepayment of a Series B Tranche B Term Loan Borrowing pursuant to Section 2.11(a) of the Credit Agreement shall be applied to reduce scheduled repayment amounts of the Series B Tranche B Term Loans as directed by the Borrower.

  • AMOUNT AND TERMS OF LOANS AND COMMITMENTS 58 2.1. Tranche B Term Commitments 58 2.2. Procedure for Tranche B Term Loan Borrowing 58 2.3. Repayment of Tranche B Term Loans 59 2.4. Revolving Commitments 59 2.5. Procedure for Revolving Loan Borrowing 59 2.6. Commitment Fees 60 2.7. Termination or Reduction of Revolving Commitments 60 2.8. Fees, etc.


More Definitions of Tranche B Term Loan Borrowing

Tranche B Term Loan Borrowing means Tranche B Term Loans made on the same day by the Tranche B Term Loan Lenders ratably according to their respective Tranche B Term Loan Commitments.
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Tranche B Term Loan Borrowing means a Borrowing comprised of Tranche ----------------------------- B Term Loans and identified as such in the Notice of Borrowing with respect thereto.
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Related to Tranche B Term Loan Borrowing

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make or otherwise fund the Tranche A Term Loan and “Tranche A Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of the Tranche A Term Loan Commitments as of the Closing Date is $5,000,000.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Tranche B Term Lender means a Lender with a Tranche B Term Commitment or an outstanding Tranche B Term Loan.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.