Example ContractsClausesterm b loanVariants
Term B Loan
Term B Loan contract clause examples

Term Loan Repayment. The Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that all outstanding amounts under the Term Loan Credit Agreement have been, or will be, substantially concurrently with the Effective Date, repaid in full, and such Term Loan Credit Agreement has been, or will be, substantially concurrently with the Effective Date, terminated.

Repayment of Certain Indebtedness. The Administrative Agent shall have received evidence, in the form and substance reasonably satisfactory to the Administrative Agent, that all existing Indebtedness of the Borrower in connection with the Refinanced Credit Agreement has been, or immediately following the disbursement of the proceeds of the Term Loan on the Closing Date, will be, fully paid, satisfied and discharged.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.