Term A-3 Loans definition

Term A-3 Loans means the Term A-3 Acquisition Loans and the Term A-3 Refinancing Loans.
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Term A-3 Loans outstanding under (and as defined in) the Existing Credit Agreement in excess of the amount of the Term A-1 Loan have been or concurrently with the Restatement Effective Date are repaid in full, and the Administrative Agent shall have received one or more Committed Loan Notices requesting conversion of each Eurocurrency Rate Loan outstanding under (and as defined in) the Existing Credit Agreement on the Restatement Effective Date to a Type of Loan permitted under this Agreement.
Sample 1
Term A-3 Loans means (a) the term loans established on the Amendment No. 4 Effective Date as a result of the conversion of any Amendment No. 4 Converted Term A Loan on the Amendment No. 4 Effective Date pursuant to Section 2.01(i)(x), (b) the term loans made by the Term A-3 Lenders to the Borrowers pursuant to Section 2.01(i)(y) and (c) any Incremental Term Loans in the form of Term A-3 Loans made by the Incremental Term Lenders to the Borrowers pursuant to Section 2.01(e). The aggregate principal amount of Term A-3 Loans held by each Lender on the Amendment No. 4 Effective Date (immediately following the conversion of all Amendment No. 4 Converted Term A Loans on such date and the funding of the Term A-3 Loans pursuant to the Term A-3 Loan Commitments on such date) is set forth on Schedule I to Amendment No. 4.
Sample 1

Examples of Term A-3 Loans in a sentence

  • Term A-3 Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

  • The Term A-3 Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.10.

  • Term A-3 Loans that were ABR Loans immediately prior to the effectiveness of this Agreement on the Restatement Effective Date shall initially be ABR Loans under this Agreement.

  • Term A-3 Loans that were Eurodollar Loans of a particular Eurodollar Tranche under the Existing Credit Agreement immediately prior to the effectiveness of this Agreement on the Restatement Effective Date shall initially be Eurodollar Loans of a Eurodollar Tranche under this Agreement with an initial Interest Period equal to the then remaining Interest Period for such Eurodollar Tranche under the Existing Credit Agreement (with the same Eurodollar Rate).

  • The proceeds of the Term A-3 Loans will be used only to (i) finance a portion of the Mountaineer Acquisition and (ii) finance working capital needs, and for general corporate purposes, of the Borrower and its Subsidiaries in the ordinary course of business.

  • The Initial Term Loan Commitments shall automatically terminate upon the making, conversion or continuance, as applicable, of the Initial Term B Loans and Term A-3 Loans on the Second Restatement Effective Date.

  • The Term A-3 Borrowing shall consist of Term A-3 Loans made simultaneously by the Term A-3 Lenders in accordance with their respective Term A-3 Commitments.

  • The Term A-2 Commitments, the Term A-3 Commitments and the Term A-5 Commitments shall be automatically and permanently reduced to zero upon the borrowing of the Term A-2 Loans, Term A-3 Loans and Term A-5 Loans on the Funding Date.

  • The Borrower shall use the proceeds of the Term A-3 Loans and the Initial Term B Loans made in cash on the Second Restatement Effective Date to finance a portion of the Transactions (including the payment of Transaction Costs) and for working capital and other general corporate purposes, including the financing of Permitted Acquisitions and other investments and any other use not prohibited by the Loan Documents.

  • The commitments of the Replacement Term A-2 Lenders, the Replacement Term A-3 Lenders and the Revolving Lenders, respectively, are several, and no Replacement Term A-2 Lender, Replacement Term A-3 Lender or Revolving Lender, shall be responsible for any other Replacement Term A-2 Lender’s, Replacement Term A-3 Lender’s or Revolving Lender’s failure to make New Term A-2 Loans, Replacement Term A-3 Loans or Revolving Loans.


More Definitions of Term A-3 Loans

Term A-3 Loans means the term loans made by the Term A-3 Lenders to the Borrower pursuant to Section 2.01(c). “Term A-3 Maturity Date” means May 4, 2025. “Term Benchmark” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted Term SOFR Rate. “Term Lenders” means, as of any date of determination, each Lender having a Term A-3 Commitment, or that holds Term Loans. “Term Loans” means the term loans made by the Term Lenders to the Borrower pursuant to Sections 2.01(b), 2.01(c) and 2.01(d). “Term SOFR” means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body. “Term SOFR Notice” means a notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a Term SOFR Transition Event. Determination Day” has the meaning assigned to it under the definition of Term SOFR Reference Rate. “Term SOFR Transition Event” means the determination by the Administrative Agent that (a) Term SOFR has been recommended for use by the Relevant Governmental Body, (b) the 39
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Term A-3 Loans an aggregate amount on the applicable date equal to the percentage set forth below of the sum of (x) initial aggregate principal amount of the Term A-3 Loans converted on the Third Restatement Effective Date and (y) any Additional Term Loans structured as Term A-3 Loans: June 30, 2012 1.25 % September 30, 2012 1.25 % December 31, 2012 1.25 % March 31, 2013 1.25 % June 30, 2013 1.875 % September 30, 2013 1.875 % December 31, 2013 1.875 % March 31, 2014 1.875 % June 30, 2014 2.5 % September 30, 2014 2.5 % December 31, 2014 2.5 % March 31, 2015 2.5 % June 30, 2015 3.75 % September 30, 2015 3.75 % December 31, 2015 3.75 % March 31, 2016 3.75 % June 30, 2016 5.00 % September 30, 2016 5.00 % December 31, 2016 5.00 % ; provided that the final principal repayment installment of the Term A-3 Loans shall be repaid on the Maturity Date with respect to Term A-3 Loans outstanding on such date.
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Related to Term A-3 Loans

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

  • Term B Loans means (a) the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a), and (b) any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

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

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

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Term B-1 Loans has the meaning specified in Section 2.01(a)(ii).

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

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

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

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

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

  • 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.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Term Loan B has the meaning set forth in Section 2.2(b).

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

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term A-1 Loan means an advance made by any Term A-1 Lender under the Term A-1 Facility.

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Term Loan C has the meaning set forth in Section 2.2(c).

  • Term B-2 Loan means the Loan in the amount set forth in Section 2.01(a)(i).

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.