B-3 Term Loan definition

B-3 Term Loan shall have the meaning provided in Section 1.01(g).
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B-3 Term Loan means the Tranche B-3 Term Loans (as defined in the Term Loan Credit Agreement) incurred in accordance with Amendment No. 4 to the Term Loan Credit Agreement in the principal amount of $350,000,000.
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B-3 Term Loan has the meaning provided in Section 2.01(a)(C)(ii). “B-3 Term Loan Extension Amount (2007 Term Loan)” means, as to the 2007 Term Loans of any Extending B-3 Term Lender, an amount equal to the product obtained by multiplying (x) the principal amount of such Lender's 2007 Term Loans subject to a B-3 Term Loan Extension Election by (y) a fraction, the numerator of which is the aggregate principal amount of all 2007 Term Loans accepted for extension by the Borrower on the Second Amendment Effective Date and the denominator of which is the aggregate principal amount of all 2007 Term Loans subject to B-3 Term Loan Extension Elections, as such amount may, in the discretion of the Administrative Agent and the Borrower, be (i) decreased to an amount not less than the product of (I) the percentage which equates to such Lender's Pro Rata Share of the aggregate principal amount of all 2007 Term Loans outstanding immediately prior to the Second Amendment Effective Date multiplied by (II) the aggregate principal amount of all 2007 Term Loans accepted for extension by the Borrower on the Second Amendment Effective Date, (ii) after giving effect to any allocation reductions for Extending B-3 Term Lenders pursuant to preceding clause (i), increased to an amount not to exceed the principal amount of such Lender's 2007 Term Loans subject to a B-3 Term Loan Extension Election, and (iii) modified by the Administrative Agent to account for rounding adjustments. The Administrative Agent and the Borrower shall determine the final B-3 Term Loan Extension Amount (2007 Term Loan) of each Lender on the Second Amendment Effective Date and the Administrative Agent shall notify each such Lender of its B-3 Term Loan Extension Amount (2007 Term Loan) promptly following the Second Amendment Effective Date. All such determinations made by the Administrative Agent and the Borrower shall be final, conclusive and binding on the Lenders and the Administrative Agent and the Borrower shall have no liability to any Person with respect to such determination absent gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final, non-appealable decision).
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Examples of B-3 Term Loan in a sentence

  • DCF has resources regarding access to services for persons with disabilities that can be found at http://www.myflfamilies.com/accessibility.Accessibility: The Rehabilitation Act of 1973 prohibits discrimination on the basis of disability in programs conducted by Federal agencies, in programs receiving Federal financial assistance, in Federal employment, and in the employment practices of Federal contractors.

  • Each prepayment in respect of any Term Loans pursuant to this Section 5.1 shall be (a) applied to the Class or Classes of Term Loans as the Borrower may specify and (b) applied to reduce Tranche B-1 Term Loan Repayment Amounts, Tranche B-3 Term Loan Repayment Amounts, any New Term Loan Repayment Amounts, and, subject to Section 2.14(g), Extended Term Loan Repayment Amounts, as the case may be, in each case, in such order and to such Classes as the Borrower may specify.

  • Each Borrowing of Tranche B-3 Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Tranche B-3 Term Loan Commitments.

  • The B-1 Term Loan and B-3 Term Loan are indexed to one-month USD LIBOR and the B-4 Term Loan is indexed to one-month SOFR.(2) Includes issue discount and transaction expenses that are amortized through interest expense over the life of the Term Loans.

  • Subject to the terms and conditions set forth herein and in the Fourth Amendment and Restatement Agreement, each Tranche B-3 Lender agrees, severally and not jointly, to make a Tranche B-3 Term Loan to the Borrower on the Fourth ARCA Effective Date in a principal amount equal to its Tranche B-3 Commitment.

  • Each prepayment in respect of any Term Loans pursuant to this Section 5.1 shall be (a) applied to the Class or Classes of Term Loans as the Borrower may specify and (b) applied to reduce Tranche B-3 Term Loan Repayment Amounts, Tranche B-4 Term Loan Repayment Amounts, any New Term Loan Repayment Amounts, and, subject to Section 2.14(g), Extended Term Loan Repayment Amounts, as the case may be, in each case, in such order as the Borrower may specify.

  • If the Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Loans in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one (1) month (or, in the case of a Tranche B-3 Term Loan as to which a Monthly Interest Notice has not been delivered, three (3) months).

  • In total 19 letters had been received for the quarter three period.

  • This Note is subject to voluntary prepayment and mandatory repayment prior to the B-3 Term Loan Maturity Date, in whole or in part, as provided in the Credit Agreement.

  • Each Borrowing of Tranche B-1 Term Loans and Tranche B-3 Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Tranche B-1 Term Loan Commitments or Tranche B-3 Term Loan Commitments, as applicable.

Related to B-3 Term Loan

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche A Term Loan as defined in Section 2.1.

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

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

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • New Term Loans as defined in Section 2.24.

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

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Additional Term Loan has the meaning specified in Section 2.01(c).

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

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

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Tranche B Term Note shall have the meaning provided in Section 1.05(a).

  • Tranche A Term Note shall have the meaning provided in Section 1.05(a).

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

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.