Examples of Tranche B1 Term Loan in a sentence
United States 99,748 $ 97,255f Phoenix Guarantor Inc., Tranche B-1 Term Loan, 4.113%, (1-month USDLIBOR + 3.25%), 3/05/26.
The Borrowers shall prepay all Existing Tranche B-1 Term Loans of Non-Consenting Existing Tranche B-1 Term Loan Lenders and Post-Closing Option Tranche B-2 Lenders with the gross proceeds of the Additional Tranche B-2 Term Loans.
Borrower hereby certifies to the Administrative Agent and the Lenders that the obligations of the Borrower set forth in the Credit Agreement, as modified by this Amendment, other than the Incremental Tranche A Term Loan, the Tranche B-1 Term Loan and Tranche B-2 Term Loan, qualify as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).
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Each Borrowing of Tranche B-1 Term Loans under this Agreement shall be granted by the Tranche B-1 Term Lenders pro rata on the basis of their then-applicable Tranche B-1 Term Loan Commitments.
Borrower agrees to pay on the Restatement Date to each Lender party to this Agreement extending Tranche B-1 Term Loans as a Lender on the Restatement Date, as compensation for the extension of such Lender’s Tranche B-1 Term Loan, a closing fee in an amount equal to 0.50% of the stated principal amount of such Lender’s Tranche B-1 Term Loans payable to such Lender on the Restatement Date.
Notwithstanding any other provisions of the Credit Agreement or any other Loan Document to the contrary, solely for purposes of the Tranche B-1 Term Loans to be borrowed by the Borrower on the Amendment No. 1 Effective Date, this Amendment shall constitute a Borrowing Request by the Borrower to borrow the Tranche B-1 Term Loans from the Tranche B-1 Term Loan Lenders under the Credit Agreement.
The Borrowers have requested that the Lenders provide a multicurrency revolving credit facility, a Dollar Initial Tranche B-1 Term Loan facility and a Dollar Initial Tranche B-2 Term Loan facility and that the L/C Issuers issue multicurrency letters of credit, and the Lenders have indicated their willingness to lend and the L/C Issuers have indicated its willingness to issue letters of credit, in each case, on the terms and subject to the conditions set forth herein.
The Tranche B-1 Term Loan Borrowing shall consist of Tranche B-1 Term Loans made simultaneously by the Tranche B-1 Term Lenders in accordance with their respective Tranche B-1 Term Loan Commitments.
The Department also reserves the right to take disciplinary action, as necessary, to ensure compliance with all laws.