Term B-3 Loans. The Company shall pay to each Term B-3 Lender (i) on the last Business Day of each fiscal quarter of the Parent occurring after the Restatement Effective Date (commencing with the fiscal quarter ending September 30, 2018) but prior to the Maturity Date, the principal amount of all Term B-3 Loans then outstanding in an amount equal to 0.25% of the sum of the aggregate principal amount of such Term B-3 Loans on the Restatement Effective Date (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05) and (ii) on the Maturity Date for Term B-3 Loans, the principal amount of all Term B-3 Loans in an amount equal to the aggregate principal amount of all Term B-3 Loans outstanding on such date; provided that the amount of any such prepayment set forth above shall be adjusted to account for the addition of any Extended Term Loans or Incremental Term Loans made to the Company to contemplate (A) the reduction in the aggregate principal amount of the Term B-3 Loans that were converted in connection with the incurrence of such Extended Term Loans and (B) any increase to payments to the extent and as required pursuant to the terms of any applicable Commitment Increase Amendment involving an increase to the Term B-3 Loans.
Term B-3 Loans. (a) Subject to the terms and conditions hereof, the Additional Term B-3 Lender agrees to make, in Dollars, in a single draw on the Amendment No. 2 Effective Date, one or more term loans (each, a “Term B-3 Loan”) to the Borrower in an aggregate principal amount of its Additional Term B-3 Commitment, which Term B-3 Loan, except as hereinafter provided, shall, at the option of the Borrower, be incurred and maintained as, and/or converted into, ABR Loans or Eurodollar Loans; and
(b) Subject to the terms and conditions hereof, each Converted Term B-2 Loan shall be converted into a Term B-3 Loan on the Amendment No. 2 Effective Date and shall be deemed made to the Borrower as of such date in an aggregate principal amount in Dollars equal to the aggregate principal amount of such Converted Term B-2 Loan immediately prior to the Amendment No. 2 Effective Date. Such Term B-3 Loans shall, except as hereinafter provided, at the option of the Borrower, be incurred and maintained as, and/or converted into, ABR Loans or Eurodollar Loans. Once repaid, Term B-3 Loans outstanding hereunder may not be reborrowed. On the Amendment No. 2 Effective Date (after giving effect to the incurrence and conversions of Term B-3 Loans on such date), the Additional Term B-3 Commitments of the Additional Term B-3 Lender shall terminate.
Term B-3 Loans. The Borrowers shall, jointly and severally, on the last Business Day of each March, June, September and December, commencing with the last Business Day of September 2011 and ending with the last Business Day of the fiscal quarter preceding the Maturity Date for the Term B-3 Loan Facility, repay to the Administrative Agent for the ratable account of the Term B-3 Lenders, 0.25% of the aggregate principal amount of all Term B-3 Loans outstanding on the Restatement Effective Date (which installments shall be reduced as a result of (i) the application of prepayments in accordance with the order of priority set forth in Section 2.05 or (ii) the application of prepayments in accordance with Section 10.07(k)) provided, that the final principal repayment installment of the Term B-3 Loans shall be repaid on the Maturity Date of the Term B-3 Loan Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term B-3 Loans outstanding on such Maturity Date.
Term B-3 Loans. Subject to Section 2.15, the Borrower shall make principal payments on the U.S. Term B-3 Loans in installments on each Fiscal Quarter End Date, commencing with the first fiscal quarter ended after the Amendment No. 5 Effective Date, in an aggregate amount equal to 0.25% of the aggregate principal amount of the U.S. Term B-3 Loans made on the Amendment No. 5 Effective Date, in each case per fiscal quarter (which payments in each case shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.8(a), Section 2.8(c) and Section 2.8(e), as applicable); it being further agreed that a final payment comprised of all principal and interest not sooner paid on the U.S. Term B-3 Loans, shall be due and payable on April 29, 2023, the final maturity thereof (the “U.S. Term B-3 Termination Date”).
Term B-3 Loans. Each Initial Term B-3 Lender hereby agrees to make Term B-3 Loans in the aggregate amount specified on such Initial Term B-3 Lender’s signature page to this Amendment on the Fourth Amendment Effective Date (as defined in Section 2 below). Pursuant to Section 2.26 of the Credit Agreement, the Term B-3 Loans shall have the terms set forth in this Amendment and in the Credit Agreement (as amended by this Amendment).
Term B-3 Loans. (A) The Additional Term B-3 Lender agrees to make a term loan (in the amount equal to the Additional Term B-3 Commitment) to the Parent Borrower on the Amendment No. 4 Effective Date in a single advance in Dollars (together with each Term B-2 Loan converted into a Converted Term B-2 Loan as referred to in clause (B) below, the “Term B-3 Loans”) and (B) each Converted Term B-2 Loan of each Term B-2 Amendment No. 4 Converting Lender shall be converted into a Term B-3 Loan of such Lender effective as of the Amendment No. 4 Effective Date in a principal amount equal to the principal amount of such Term B-2 Lenders’ Converted Term B-2 Loan immediately prior to such conversion; provided that the Term B-3 Loans shall initially consist of Eurodollar Rate Loans. The Term B-3 Loans may consist of Base Rate Loans, Eurodollar Rate Loans or a combination thereof, as the Parent Borrower may request. Amounts repaid on the Term B-3 Loans may not be reborrowed.
Term B-3 Loans. Starting with the fiscal quarter ending on June 30, 2017, and on the last Business Day of each March, June, September and December thereafter, the Parent Borrower shall repay an aggregate principal amount of Term B-3 Loans equal to 0.25% of the aggregate principal amount of all Term B-3 Loans funded or converted on the Amendment No. 4 Effective Date, and on the Term B-3 Loan Termination Date all Term B-3 Loans that are outstanding on the Term B-3 Loan Termination Date shall be repaid in full. In the event any Incremental Term Loans, Refinancing Term Loans or Extended Term Loans are made, such Incremental Term Loans, Refinancing Term Loans or Extended Term Loans, as applicable, shall be repaid by the Parent Borrower in the amounts and on the dates set forth in the Additional Credit Extension Amendment with respect thereto and on the applicable maturity date thereof.
Term B-3 Loans. Each Rollover Lender hereby agrees to make Term B-3 Loans up to the aggregate amount of the aggregate principal amount of such Lender’s Existing Term B-3 Loans on the Eighth Amendment Effective Date (as defined in Section 3 below). Each New Term B-3 Lender hereby agrees to make Term B-3 Loans up to the aggregate amount specified on such New Term B-3 Lender’s signature page to this Amendment on the Eighth Amendment Effective Date. Pursuant to Section 2.26 of the Credit Agreement, the Term B-3 Loans shall have the terms set forth in this Amendment and in the Credit Agreement (as amended by this Amendment).
Term B-3 Loans. The Borrowers shall, jointly and severally, repay to the Administrative Agent for the ratable account of the Appropriate Lenders (A) on the last Business Day of each March, June, September and December commencing with last Business Day of March 2015, an aggregate principal amount equal to 0.25% of the aggregate principal amount of all Term B-3 Loans outstanding on the Amendment No. 6 Effective Date (which payments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05) and (B) on the Maturity Date for the Term B-3 Loans, the aggregate principal amount of all Term B-3 Loans outstanding on such date.”
(q) Section 6.15 of the Credit Agreement is hereby amended by adding “and Term B-3 Loans” immediately after “Term B-2 Loans”;
(r) Section 6.16 of the Credit Agreement is hereby amended by deleting such Section in its entirety and replacing it with the following:
Term B-3 Loans. On the terms and subject to the conditions set forth herein, each Term B Lender with a Delayed Draw Term B Commitment severally agrees to make loans to Borrower from time to time after the First Amendment Effective Date but prior to the Delayed Draw Term B Commitment Termination Date as set forth herein (each a “Term B-3 Loan”) equal to such Term B Lender’s Delayed Draw Term B Commitment Percentage of Term B-3 Loans requested by Borrower hereunder, provided that after giving effect thereto, the aggregate principal balance of Term B-3 Loans that have been funded pursuant to this Section 2.01(d) shall not exceed $30,000,000 (as such amount may be reduced, if at all, by reductions in the Delayed Draw Term B Commitments in accordance with the last sentence of the definition thereof). Each Term B Lender with a Delayed Draw Term B Commitment shall, on a several basis and not jointly with any other Lender, fund its portion of Term B-3 Loans requested by Borrower in accordance with the terms of this Agreement directly to Administrative Agent for application to the Principal Amortization Payment on account of the Term B-1 Loans required to be satisfied with the proceeds of such Term B-3 Loan in accordance with the conditions precedent to funding Term B-3 Loans set forth below; provided that (i) notwithstanding the funding of Term B-3 Loans directly to Administrative Agent, such Term B-3 Loans shall be deemed borrowed by and made to Borrower for all purposes hereunder and Borrower hereby directs Administrative Agent to so apply the proceeds of such Term B-3 Loan to each Applicable Principal Amortization Payment and (ii) such funding shall only be required to be made prior to the Delayed Draw Term B Commitment Termination Date. On the Delayed Draw Term B Commitment Termination Date, one hundred percent of the unfunded portion of the Delayed Draw Term B Commitments shall immediately and irrevocably terminate. Notwithstanding anything to the contrary contained in this Agreement or any other Financing Document, both before and after the Delayed Draw Term B Commitment Termination Date, all amounts repaid or prepaid on account of Term B-3 Loans may not be reborrowed. No provision of this Section 2.01(d) or the definitions of “Applicable Principal Amortization Payments,” “Delayed Draw Term B Commitment,” “Delayed Draw Term B Commitment Percentage,” “Delayed Draw Term B Commitment Termination Date” or “Required Term B-3 Lenders” shall be amended or otherwise modified withou...
