Term B-3 Advance definition

Term B-3 Advance means any Term Advance made by the Term B-3 Lenders to the Borrower with a Termination Date of no later than April 27, 2016. As of the Second Amendment Effective Date, the aggregate Term B-3 Advances are $233,019,680.06 million
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Examples of Term B-3 Advance in a sentence

  • In relation to any Credit Bid accepted by the Issuer Security Trustee, immediately following the receipt by the Issuer Security Trustee of the Credit Bid Class B3 Notes pursuant to the terms of such Credit Bid and the cancellation thereof pursuant to the Conditions the Term B3 Advance shall be deemed to be repaid in part and released in part as allocated by the Borrower by an amount equal to the Principal Amount Outstanding of such cancelled Credit Bid Class B3 Notes.

  • The Term B3 Advance will be repayable in full on the Final Maturity Date.

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  • Any Lender that has consented to the Amendment may also commit to make a new Term B-3 Advance by completing Item #1 to the left of the signature block below.

  • In addition, any Term B-1 Lender that has consented to the Amendment may also commit to extend all or a portion of its existing Term B-1 Advance (which shall be converted into a Term B-2 Advance and/or Term B-3 Advance in accordance with, and subject to, the Amendment) by completing Item #2 and/or Item #3 to the left of the signature block below.

  • Following a Material Default, and prior to the service of a Stop Notice, the Borrower shall pay Term B3 Cash Interest in respect of the Term B3 Advance into a Suspense Account (such Term B3 Cash Interest being Retained Term B3 Cash Interest) in the name of the Borrower, pending the cure or waiver of such Material Default or the acceleration of the Term Facilities.

Related to Term B-3 Advance

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • Term B-1 Loan means a Loan made pursuant to Section 2.01(a).

  • Term B Note means a promissory note made by the Borrower in favor of a Term B Lender, or its registered assigns, evidencing Term B Loans made by such Term B Lender, substantially in the form of Exhibit C-1.

  • Term B Loans has the meaning specified in Section 2.01(a).

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • Term Loan as defined in Section 2.1.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Term A-2 Loan means an advance made by any Term A-2 Lender under the Term A-2 Facility.

  • Term B Loan Maturity Date means December 7, 2023.

  • Term B-1 Lender means, at any time, any Lender that has a Term B-1 Commitment or a Term B-1 Loan at such time.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Term B Facility means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term B Commitments at such time and (b) thereafter, the aggregate principal amount of the Term B Loans of all Term B Lenders outstanding at such time.

  • Term B Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Term B Loans hereunder. The amount of each Lender’s Term B Loan Commitment as of the Closing Date is set forth on Schedule 2.01. The aggregate amount of the Term B Loan Commitments as of the Closing Date is $4,700.0 million.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term A Lenders pursuant to Section 2.01(a).

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Term A-1 Loan means an advance made by any Term A-1 Lender under the Term A-1 Facility.

  • Term A Lender means, at any time, any Lender that has a Term A Commitment or a Term A Loan at such time.

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

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Term A Loan Maturity Date means July 18, 2024 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Term Commitment means as to any Lender, the obligation of such Lender, if any, to make a Term Loan Advance to the Borrower in a principal amount not to exceed the amount set forth under the heading “Term Commitment” opposite such Lender’s name on Schedule 1.1.

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

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.