Term B-3 Lenders definition
Examples of Term B-3 Lenders in a sentence
The Additional Term B-3 Lenders shall have received from each of the Loan Parties documentation and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including, without limitation, the USA Patriot Act, to the extent such documentation or other information has been requested in writing at least five (5) Business Days prior to Fifth Amendment Effective Date.
Nothwithstanding anything to the contrary herein, in Amendment No. 1, in Amendment No. 2 or any incremental joinder agreement to the contrary, the covenants and agreements of Term B-2 Lenders and Term B-3 Lenders set forth in numbered paragraph 12 in the incremental joinders executed in connection with Amendment No. 1 and Amendment No. 2, other than the covenant and agreement set forth in clause (iv) thereof shall no longer be in effect.
Each Company agrees to take all necessary steps that are reasonably requested by the Agent or the Term B-3 Lenders and the Term B-4 Lenders having more than 50% of the sum of the aggregate outstanding principal amount of all Term B-3 Loans and Term B-4 Loans (the “Escrow Required Lenders”) to maintain the security interest created by this Agreement as a perfected first-priority security interest subject only to any lien of the Escrow Agent permitted pursuant to clause (v) below.
This Agreement is for the exclusive benefit of the parties hereto and their respective successors hereunder, and shall not be deemed to give, either expressed or implied, any legal or equitable right, remedy or claim to any other entity or person whatsoever other than the Term B-3 Lenders or the Term B-4 Lenders.
The Borrower shall repay to the Administrative Agent in dollars for the ratable account of the Term B-3 Lenders on March 31, June 30, September 30 and December 31 of each year, commencing on March 31, 2012, an aggregate amount equal to 0.25% of the aggregate principal amount of the Term B-3 Loans advanced on the Term B-3 Effective Date (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 herein).