Definition of Term B-3 Facility


Term B-3 Facility means, at any time, the aggregate amount of the Term B-3 Lenders' Term B-3 Advances at such time.
Sample 1

Examples of Term B-3 Facility in a sentence

As set forth in Section 2.18(b) of the Credit Agreement, optional prepayments of any Term B-3 Loans shall be applied to the remaining installments of the Term B-3 Facility as specified by the Borrower.
Additional Term B-3 Facility means, at any time, the aggregate amount of the Additional Term B-3 Lenders Additional Term B-3 Loans at such time.
Majority Term B-3 Facility Lenders: the Majority Facility Lenders in respect of the Term B-3 Facility.
In addition, during the Availability Period in respect of the Term B2 Facility and the Term B3 Facility, the Borrower may, upon notice to the Administrative Agent as set forth above, from time to time terminate (in whole or in part) the unused portion of the aggregate Term B2 Commitments or the Term B3 Commitments, as the case may be.
As used in this Agreement, the following terms shall have the meanings set forth below: Additional Acquisition Agreement means, with respect to the Term B3 Facility and the Additional Permitted Acquisition, the agreement or document setting out the terms and conditions of the Additional Permitted Acquisition.