Additional Term B-3 Commitment definition

Additional Term B-3 Commitment means, with respect to the Additional Term B-3 Lender, its commitment to make a Term B-3 Loan on the Amendment No. 7 Effective Date in an amount equal to the excess of (x) $200,000,000 over (y) the aggregate principal amount of Converted Term B-2 Loans.
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Additional Term B-3 Commitment means, with respect to the Additional Term B-3 Lender, its commitment to make a Term B-3 Loan on the Amendment No. 4 Effective Date in an amount set forth on Schedule II to Amendment No. 4. Such Additional Term B-3 Commitment shall be in an amount equal to the excess of $750 million over the principal amount of Converted Term B-1 Loans of all Lenders.
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Additional Term B-3 Commitment means, with respect to an Additional Term B-3 Lender, the commitment of such Additional Term B-3 Lender to make an Additional Term B-3 Loan on the Amendment No. 3 Effective Date, in the amount set forth on the joinder agreement of such Additional Term B-3 Lender to Amendment No. 3. The aggregate amount of the Additional Term B-3 Commitments of all Additional Term B-3 Lenders shall equal the outstanding aggregate principal amount of Non-Converted Existing Term Loans.
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Examples of Additional Term B-3 Commitment in a sentence

  • The proceeds of the Term B-3 Loans borrowed in respect of the Additional Term B-3 Commitment shall be used on or about the Amendment No. 7 Effective Date to repay Term B-2 Loans that are not Converted Term B-2 Loans.

  • The Second Additional Term B-3 Commitment of each Term Lender shall be automatically and permanently reduced to $0 upon the making of such Term Lender’s Term B-3 Loans pursuant to Section 2.01(b).

  • The Additional Term B-3 Commitment shall be automatically and permanently reduced to zero upon the making of the Additional Term B-3 Lender’s Additional Term B-3 Loans pursuant to Section 2.01(d).

  • The Aggregate Commitments (other than the Additional Term B Commitment, Additional Term B-1 Commitment, Additional Term B-2 Commitment or Additional Term B-3 Commitment) shall be automatically and permanently reduced to zero on the date of the initial Borrowing (other than any Incremental Term Loan Commitments, which shall terminate as provided in the related Additional Credit Extension Amendment).

  • The Administrative Agent shall have received a notice of repayment from the Borrower of the Term B-2 Loans which are not converted into Term B-3 Loans on the Amendment No. 7 Effective Date (which may be conditioned upon the receipt by the Borrower of the Term B-3 Loans pursuant to the Additional Term B-3 Commitment).

  • On the Amendment No. 4 Effective Date (after giving effect to the funding of the Term B-3 Loans by the Additional Term B-3 Lender representing the full amount of the Additional Term B-3 Commitment), the Additional Term B-3 Commitment of the Additional Term B-3 Lender will automatically and permanently terminate.

  • The Consent of each Term B Lender and Term B-2 Lender to convert into Term B-3 Loans and the Additional Term B-3 Commitment shall constitute “Refinancing Commitments” under the Existing Credit Agreement (and the Term B-3 Lenders with respect thereto shall constitute “Refinancing Lenders” under the Existing Credit Agreement), in each case to the extent that the Term B-3 Loans do not exceed the principal amount of such Refinanced Debt.

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  • The Consent of each Initial Lender and Term B-2 Lender to convert into Term B-3 Loans and the Additional Term B-3 Commitment shall constitute “Refinancing Commitments” under the Existing Credit Agreement (and the Term B-3 Lenders with respect thereto shall constitute “Refinancing Lenders” under the Existing Credit Agreement), in each case to the extent that the Term B-3 Loans do not exceed the principal amount of such Refinanced Debt.

  • Each Additional Term B-3 Lender hereby agrees to make an Additional Term B-3 Loan to the Borrowers in an amount equal to its Additional Term B-3 Commitment on the Amendment No. 4 Effective Date in accordance with Section 2.01(a)(iii) of the Amended Credit Agreement.


More Definitions of Additional Term B-3 Commitment

Additional Term B-3 Commitment means with respect to the Additional Term B-3 Lender, its commitment to make a Term B-3 Loan on the Amendment No. 2 Effective Date in an amount equal to
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Additional Term B-3 Commitment means, as to each Additional Term B-3 Lender, its obligation to make Additional Term B-3 Loans to the Borrower pursuant to Section 2.01(b)(iv) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Additional Term B-3 Commitment” or in one or more Assignment and Assumptions pursuant to which such Lender becomes a party hereto, as applicable, as such amounts may be adjusted from time to time in accordance with this Agreement.
Sample 1
Additional Term B-3 Commitment means, with respect to the Additional Term B-3 Lender, the commitment of such Additional Term B-3 Lender to make Additional Term B-3 Loans on the Amendment No. 4 Effective Date, in an amount equal to $21,886,678. “Additional Term B-3 Lender” means Citibank, N.A., in its capacity as a Lender of Additional Term B-3 Loans. “Additional Term B-3 Loan” means a Term Loan that is made pursuant to Section 2.01(d)(ii) on the Amendment No. 4
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Additional Term B-3 Commitment with respect to the Additional Term B-3 Lender, its commitment to make Term B-3 Loans on the Amendment No. 2 Effective Date in an amount equal to $2,283,500,000 minus the aggregate principal amount of all Converted Term B-2 Loans.
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Related to Additional Term B-3 Commitment

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Term B Loan Commitment means the obligation of the Term B Lenders to make a Term B Loan on the Closing Date in an aggregate principal amount equal to $850,000,000. The Term B Loan Commitment on the Closing Date is $850,000,000.