Examples of Replacement Term B-3 Loans in a sentence
Amounts paid or prepaid in respect of the Incremental Term B-3 Loans and Replacement Term B-3 Loans may not be reborrowed.
For the avoidance of doubt, the Replacement Term B-3 Loans and the Incremental Term B-3 Loans shall constitute, and shall be treated as, a single Class of “Term B-3 Loans” and “Term Loans” under the Loan Documents.
The parties hereto hereby acknowledge and confirm that the Replacement Term B-3 Loans and all obligations related thereto are, and continue to be, subject to the ABL/Term Loan Intercreditor Agreement.
The 2017 Replacement Term B-3 Loan Commitment of each 2017 Replacement Term B-3 Lender shall terminate in its entirety on the Amendment No. 13 Effective Date (after giving effect to the increase of the 2017 Replacement Term B-3 Loans on such date).
Although eligible for re-election on one or several occasions, Committee members shall step down on expiry of their term of office, when they step down as Directors or when so resolved by the Board of Directors, subject to a Report by the Audit and Control Committee.
Notwithstanding anything to the contrary herein or in the Credit Agreement, each 2019 Converting Replacement Term B-4 Lender agrees to waive any entitlement to any costs or expenses pursuant to Section 4.11(c) of the Credit Agreement with respect to the repayment of any of its 2018 Replacement Term B-3 Loans by way of the 2019 Replacement Term B-4 Loan Conversion on the Initial Seventh Amendment Effective Date.
Without limiting the generality of the foregoing, the Security Documents and all of the Collateral described therein do and shall continue to secure the payment of all Obligations of the Loan Parties under the Loan Documents (including all Revolving Commitments, the 2018 New Replacement Term B-3 Loans and 2018 Converted Replacement Term B-3 Loans), in each case, as amended by this Fourth Amendment.
The undersigned Lender agrees that the Fifth Amendment Arrangers may, in their sole discretion, elect to convert less than 100% of such Lender’s existing hold of Existing Term Loans into Replacement Term B-3 Loans, in which case the difference between the current amount of such Lender’s Existing Term Loans and the allocated amount of Replacement Term B-3 Loans will be prepaid on the Fifth Amendment Effective Date.