Definition of Term B-3 Commitment


Term B-3 Commitment means, with respect to a Term Lender, the agreement of such Term Lender to exchange the entire principal amount of its Term B-1 Loans (or such lesser amount allocated to it by the Amendment No. 3 Arrangers) and Term B-2 Loans (or such lesser amount allocated to it by the Amendment No. 3 Arrangers) for a principal amount of Term B-3 Loans equal to such entire principal amount (or such lesser amount) on the Amendment No. 3 Effective Date. For the avoidance of doubt, the Term B-3 Commitments constitute Refinancing Term Commitments.

Examples of Term B-3 Commitment in a sentence

The Term B-3 Commitment of each Term B-3 Lender was automatically and permanently reduced to $0 upon the conversion of all or a portion of such Term B-3 Lenders Existing Term B-1 Loans into Term B-3 Loans pursuant to Section 2.01(a)(iii)(A).
Term B-3 Lender means, at any time, any Lender that has a Term B-3 Commitment or a Term B-3 Loan at such time.
Term B-3 Commitment means, as to each Term B-3 Lender, its obligation to make a Term B-3 Loan to Luxco Borrower pursuant to Section 2.01(a)(vi)(B) in an aggregate amount not to exceed the amount set forth opposite such Term B-3 Lenders name on Schedule 2.01B under the caption Term B-3 Commitment or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.
Additional Term B-3 Commitment means, with respect to each Additional Term B-3 Lender, its commitment to make a Term B-3 Loan on the Amendment No. 4 Effective Date in an amount equal to $1,200,000,000 minus the aggregate principal amount of all Converted Term B-2 Loans.
New Term Loan Commitment means a Term A-1 Commitment, a Term B-3 Commitment or a Term B-4 Commitment, as the context may require.