Definition of Term B-3 Loan


Term B-3 Loan means, collectively: (i) each Exchanged Term Loan and (ii) from and after the making thereof pursuant to Section 2.01(d)(ii), each Additional Term B-3 Loan. For the avoidance of doubt, the Term B-3 Loans constitute Refinancing Term Loans.

Examples of Term B-3 Loan in a sentence

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 Loan Facility means the facility providing for the Borrowing of Term B-3 Loans.
U.S. Term B-3 Loan Commitments shall automatically terminate at 5:00 p.m., New York City time, on the Fifth Amendment Effectiveness Date; the Canadian Term Loan Commitments have already terminated.
Additional Term B-3 Loan Notice has the meaning specified in Section 2.15(c).
The term loan facilities were initially comprised of (i) a $1,250 million Term A Loan Facility (the "Term A Loan") and (ii) a $1,750 million Term B Loan Facility consisting of an $800 million Term B-1 Loan, a $400 million Term B-2 Loan and a $550 million Term B-3 Loan (together, the "Initial Term B Loans").