Term Loan B3 definition
Examples of Term Loan B3 in a sentence
Term Loan Lenders holding, in the aggregate, at least fifty percent (50%) of the outstanding principal amount of Term Loan B1, Term Loan B2 and Term Loan B3 shall have executed this Amendment as 2010 Extending Term Lenders, and an aggregate of no less than fifty percent (50%) of the outstanding principal amount of Term Loan B1, Term Loan B2 and Term Loan B3 shall have been converted into Loans under Term Loan B5.
The Term A-1 Loan Funding Fees, Term Loan B-3 Funding Fees and Term Loan B-4 Funding Fees will be in all respects fully earned, due and payable on the New Term Loan Funding Date and non-refundable and non-creditable thereafter and the Term A-1 Loan Funding Fees, Term Loan B-3 Funding Fees and Term Loan B-4 Funding Fees shall be netted against Loans made by such Lender on the New Term Loan Funding Date”.
The Administrative Agent, in consultation with the Borrower, shall determine the Term Loan B1 Extension Amount, the Term Loan B2 Extension Amount, and the Term Loan B3 Extension Amount of each Lender promptly following the Twelfth Amendment Effective Date and shall notify each such Lender of such determination with respect to such Lender.