Tranche B-3 Loan definition

Tranche B-3 Loan shall have the meaning specified in Amendment No. 3.
Sample 1
Tranche B-3 Loan means a Loan made, converted or continued pursuant to Section 2.01(c).
Sample 1
Tranche B-3 Loan means, collectively, (i) each Loan received in exchange for a Tranche B-1 Loan that is held by a Lender with a Tranche B-3 Exchange Commitment pursuant to Section 2.01(g)(i) on the Amendment No. 2 Effective Date and (ii) each Additional Tranche B-3 Loan.
Sample 1

Examples of Tranche B-3 Loan in a sentence

  • For any period ending after December 31, 2013, with respect to the Tranche A Loan, all interest shall be payable in cash, and with respect to the Tranche B-1 Loan, the Tranche B-2 Loan, and the Tranche B-3 Loan, only the portion of interest equal to the Eurodollar rate plus 1% per annum (in the case of Eurodollar rate loans) and the Base rate (in the case of Base rate loans) shall be payable in cash and the remainder shall be payable as P-I-K interest.

  • Each Additional Tranche B-3 Lender hereby agrees to make an Additional Tranche B-3 Loan to the Borrower in an amount equal to its Additional Tranche B-3 Commitment on the Amendment No. 2 Effective Date in accordance with Section 2.01(g)(ii) of the Term Loan Agreement.

  • For the Tranche B-2 Loan and the Tranche B-3 Loan, interest is comprised of cash pay of 1.0% plus LIBOR for all periods of the credit facility term, with the remainder MSN HOLDCO LLC AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS – continuedDecember 25, 2011 11.

  • The Additional Tranche B-3 Lender hereby agrees to make an Additional Tranche B-3 Loan to the Borrower in an amount equal to its Additional Tranche B-3 Commitment on the Amendment No. 2 Effective Date in accordance with Section 2.01(g)(ii) of the Term Loan Agreement.

  • MFA selects project sponsors through a competitive Request for Proposals (RFP).

  • On September 27, 2010, the Company entered into a $111.0 million Credit Agreement (Credit Agreement) to finance its acquisition, consisting of the following: (i) a $15.0 million (increased in subsequent amendments to the Credit Agreement) revolving credit facility (Revolver), (ii) a $15.0 million Tranche A Loan, (iii) a $40.0 million Tranche B-1 term loan (Tranche B-1 Loan), (iv) a $31.0 million Tranche B-2 term loan (Tranche B-2 Loan), and (v) a $10.0 million Tranche B-3 term loan (Tranche B-3 Loan).

  • The Borrower shall repay (i) on the last day of each January, April, July and October beginning with the last day of July 2024, a principal amount of Tranche B3 Loans equal to the Original Tranche B3 Loan Amount multiplied by 0.25% to the Agent, for the ratable benefit of the Tranche B3 Lenders and (y) on the Tranche B3 Maturity Date, to the Agent, for the ratable benefit of the Tranche B3 Lenders, all Tranche B3 Loans outstanding on the Tranche B3 Maturity Date.

  • The Tranche B-2 Loan and Tranche B-3 Loan each bear interest at either prime rate or LIBOR plus an applicable margin (5.0% at December 25, 2011) with interest payable quarterly or as LIBOR interest rate contracts expire.

Related to Tranche B-3 Loan

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Term A-2 Loan means an advance made by any Term A-2 Lender under the Term A-2 Facility.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Tranche B Note means a promissory note of the Borrower payable to any Tranche B Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Tranche B Loans made by such Lender to the Borrower.

  • Tranche C Lender means a Lender with a Tranche C Commitment or an outstanding Tranche C Term Loan.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Tranche B Facility means the aggregate of the Tranche B Commitments.

  • Term C Loan is defined in Section 2.2(a)(iii) hereof.

  • Tranche B Lender means a Lender with a Tranche B Commitment or an outstanding Tranche B Term Loan.

  • Term B Loan is defined in Section 2.2(a)(ii) hereof.

  • Tranche B Maturity Date means May 8, 2009, or, if such day is not a Business Day, the next preceding Business Day.

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • Tranche B Term Loan as defined in Section 2.1.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Term Loan A Maturity Date means the earliest of (a) May 24, 2012, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Term A Loans has the meaning specified in Section 2.01(b).

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Term B Loan Maturity Date means December 7, 2023.

  • Tranche B Notes means the promissory notes, if any, of the Borrower in favor of each Tranche B Lender provided pursuant to Section 2.4(f) or Section 2.5(f) and evidencing the Tranche B Loans of such Tranche B Lender, individually or collectively, as appropriate, as such promissory notes may be amended, modified, restated, supplemented, extended, renewed or replaced from time to time.

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

  • Term A Loan Maturity Date means July 18, 2024 or, if such date is not a Business Day, the immediately preceding Business Day.