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.
Subject to the terms and conditions set forth herein and in the Sixth Amendment, each Term B-3 Lender as of the Sixth Amendment Date severally agrees to make a single loan (each such loan, an “ Initial Term B-3 Loan”) in Dollars to the Borrower in an amount equal to such Term B-3 Lender’s Applicable Percentage of the Term B-3 Facility in accordance with the terms and provisions of the Sixth Amendment.
The purpose of the advance made in respect of the new Term B3 Facility (as set out above) to be granted on the Fifth Closing Date is to prepay part of the Term B1 Advance and Term B2 Advance outstanding on the Fifth Closing Date.
In addition, achieving area source status would result in reduced burden on any source that no longer must meet major source requirements.
In connection with entering into the Credit Agreement, and the subsequent funding of the Initial Term Loan Facility, Revolving Credit Facility, Term B2 Facility and the Term B3 Facility, the Company incurred debt issuance costs of approximately $4,481.