Definition of Term B-3 Commitment

  1. 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

  1. 4 Effective Date, shall be deemed to include the Term B-3 Loans, each reference to a Commitment shall be deemed to include the Term B-3 Commitment and each reference to a Lender or Lenders in the Credit Agreement shall be deemed to include the Term B-3 Lenders, and other related terms will have correlative meanings mutatis mutandis.

Definition of Term B-3 Commitment in Credit Agreement

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.


Definition of Term B-3 Commitment in To the Credit Agreement

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)(iv) in an aggregate amount not to exceed the amount set forth opposite such Term B-3 Lender's name on Schedule 2.01 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. The aggregate amount of the Term B-3 Commitments as of the Closing Date is $550,000,000.


Definition of Term B-3 Commitment in Amendment

Term B-3 Commitment means, with respect to a Term B-2 Lender, the agreement of such Term B-2 Lender to exchange the entire principal amount of its Term B-2 Loans (or such lesser amount allocated to it by the Arrangers) for an equal principal amount of Term B-3 Loans on the Amendment No. 4 Effective Date.