Term B-3 Loans definition

Term B-3 Loans means, collectively, the Term Loans made by the Term B-3 Lenders pursuant to Section 2.1.

Term B-3 Loans has the meaning specified in Section 2.01(a)(iv).

Term B-3 Loans means the “Term B-3 Loans” under the Credit Agreement as in effect prior to giving effect to Amendment No. 6.

Examples of Term B-3 Loans in a sentence

• Each Lender delivering an executed counterpart of this Amendment hereby irrevocably waives its right to receive any payments under Section 2.11 of the Existing Credit Agreement as a result of its Term B-3 Loans being repaid on the Amendment No. 2 Effective Date and not on the last day of the Interest Period applicable thereto.

• Amendment No. 2 Effective Date shall be used by the Borrower solely for the repayment of the Term B-3 Loans.

• For the avoidance of doubt, Term B-2 Loans may be converted into Term B-3 Loans as contemplated by the Amendment and Restatement Agreement and Term B-3 Loans may be converted into Term B-4 Loans as contemplated by Amendment No. 2.

• The parties hereto shall treat (a) the Converted Term B-4 Loans and the Additional Term B-4 Loans as one fungible tranche for U.S. federal and applicable state and local income tax purposes and (b) the conversion of Term B-3 Loans into the Converted Term B-4 Loans as a “significant modification” of such Term B-4 Loans within the meaning of Treasury Regulations Section 1.1001-3(e).

• All proceeds of the Term B-3 Loans incurred on the Amendment No. 1 Effective Date shall be used by the Borrower to finance the 2024 Amendment Transactions.

More Definitions of Term B-3 Loans

Term B-3 Loans means the term loans made pursuant to, and as defined in, the First Amendment (including Converted Term B Loans).

Term B-3 Loans means the Replacement Term B-3 Loans and the Incremental Term B-3 Loans; provided that, for the avoidance of doubt, the Replacement Term B-3 Loans and the Incremental Term B-3 Loans shall be treated as a single Class of Term B-3 Loans under this Agreement and the other Loan Documents.

Term B-3 Loans has the meaning assigned to such term in the Term Loan Agreement.

Term B-3 Loans as defined in the Fourth Amendment.

Term B-3 Loans means the B-3 term loans maturing on May 25, 2018 provided for by the Secured Term Loan B Credit Agreement.

Term B-3 Loans all “Term B-3 Loans” (as defined in the Original Credit Agreement) outstanding under this Agreement immediately prior to the Amendment No. 4 Effective Date.

Term B-3 Loans the Term B-3 Loans issued on the date of the Fourth Amendment and the Additional Term B-3 Loans.