Definition of B-3 Term Lender


B-3 Term Lender means, at any time, any Lender that has a B-3 Term Commitment or a B-3 Term Loan at such time.

Examples of B-3 Term Lender in a sentence

The Borrower shall pay to the Administrative Agent for the account of each Tranche B-3 Term Lender in accordance with its Pro Rata Share, (i) on the fifth anniversary of the Closing Date, a duration fee equal to 1.00% of the aggregate outstanding principal amount of Tranche B-3 Term Loans (if any) as of such date and (ii) on the sixth anniversary of the Closing Date, a duration fee equal to 1.00% of the aggregate outstanding principal amount of Tranche B-3 Term Loans (if any) as of such date.
Each Class B-3 Term Lender agrees that the initial Interest Period with respect to the Class B-3 Term Loans shall end on November 9, 2016.
Subject to the terms and conditions set forth herein, pursuant to the Third Amendment and Restatement Agreement, (i) each Tranche B-3 Term Lender has severally agreed to make a Tranche B-3 Term Loan to the Borrower on the Third Restatement Effective Date and (ii) each Tranche B-4 Term Lender has severally agreed to make a Tranche B-4 Term Loan to the Borrower on the Third Restatement Effective Date.
Upon receipt of such notice the Administrative Agent shall promptly notify each Tranche B-3 Term Lender thereof.
The Term Commitment of each Tranche B-3 Term Lender shall terminate as provided in the Amendment Agreement.