Amendment No. 3 definition
Examples of Amendment No. 3 in a sentence
Effective on and subject to the occurrence of the Amendment No. 3 Effective Date (as defined below), each Lender severally agrees to make to the Borrower New Money Term Loans denominated in U.S. Dollars in an aggregate principal amount as set forth in Schedule 1 hereto under the heading “New Money Term Loans”, for a total aggregate principal amount of $27,500,000, subject to the terms and conditions set forth herein and in the Amended Credit Agreement.
The New Money Term Loans shall comprise the same Class of Term Loans as, and have the same terms and conditions as, the Amendment No. 3 Term Loans under the Amended Credit Agreement.
The Agent shall have received all Lender Group Expenses due and payable on or prior to the Amendment No. 3 Effective Date, or substantially simultaneously with the effectiveness of this Amendment, including to the extent invoiced at least two (2) Business Days prior thereto, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid to the Agent by the Borrowers under the Existing Credit Agreement.
The date on which the earliest of (1), (2) and (3) occurs is the “Accommodation Period Termination Date” and the period commencing on the Amendment No. 3 Effective Date and ending on the Accommodation Period Termination Date, is the “Accommodation Period”.
Upon the deemed funding of the Takeback Term Loans, the Takeback Term Loans shall constitute Amendment No. 3 Term Loans under the Amended Credit Agreement and have the terms therefor set forth thereunder.