Tranche B-3 Term Lender definition

Tranche B-3 Term Lender means, at any time, any Lender that has a Term Commitment with respect to, or that has an outstanding Tranche B-3 Term Loan.
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Tranche B-3 Term Lender means, at any time, any Lender that has a Tranche B-3 Term Loan at such time.
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Tranche B-3 Term Lender means any Lender with a Tranche B-3 Term Commitment or an outstanding Tranche B-3 Term Loan. “Tranche B-3 Term Loans” means, collectively, (a) each Tranche B-3 Term Loan for which a like principal amount of Tranche B-2 Term Loan has been exchanged pursuant to Section 2.01(d)(i) and (b) each Additional Tranche B-3 Term Loan made pursuant to Section 2.01(d)(ii), in each case on the Amendment No. 4 Effective Date. “Transaction Costs” means all fees, costs and expenses incurred or payable by the Borrower or any Subsidiary in connection with the Transactions. “Transactions” means (a) the Financing Transactions, (b) the Refinancing and (c) the payment of the Transaction Costs. “Type,” when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the Adjusted Term SOFR or the Alternate Base Rate. “UCC” or “Uniform Commercial Code” means the Uniform Commercial Code as in effect from time to time in the State of New York; provided, however, that, at any time, if by reason of mandatory provisions of law, any or all of the perfection or priority of the Term Collateral Agent’s security interest in any item or portion of the Collateral is governed by the Uniform Commercial Code as in effect in a U.S. jurisdiction other than the State of New York, the term “UCC” and “Uniform Commercial Code” shall mean the Uniform Commercial Code as in effect, at such time, in such other jurisdiction for purposes of the provisions hereof relating to such perfection or priority and for purposes of definitions relating to such provisions.
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Examples of Tranche B-3 Term Lender in a sentence

  • Subject to the terms and conditions set forth herein and in the Sixth Amendment, on the Sixth Amendment Effective Date, each Tranche B-3 Term Lender agrees to make a Tranche B-3 Term Loan to the Borrower in Dollars in a principal amount not to exceed its Tranche B-3 Term Commitment.

  • If the Fixed Rate Tranche B-3 Term Loans shall be less than all outstanding Tranche B-3 Term Loans, each Tranche B-3 Term Lender shall (from and after the Fixed Rate Conversion Effective Date) be deemed to hold its ratable share of the Fixed Rate Tranche B-3 Term Loans and remaining Tranche B-3 Term Loans according to its Pro Rata Share.

  • The Borrower shall pay to the Administrative Agent for the account of each Tranche B-3 Term Lender in accordance with its Pro Rata Share, (i) on the fifth anniversary of the Closing Date, a duration fee equal to 1.00% of the aggregate outstanding principal amount of Tranche B-3 Term Loans (if any) as of such date and (ii) on the sixth anniversary of the Closing Date, a duration fee equal to 1.00% of the aggregate outstanding principal amount of Tranche B-3 Term Loans (if any) as of such date.

  • Not later than 10:00 A.M., New York City time, on the 2011 Restatement Date, each Tranche B-3 Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Tranche B-3 Term Commitment of such Tranche B-3 Term Lender.

  • Subject to the occurrence of the Incremental Effective Date, each Incremental Tranche B-3 Term Lender severally agrees to make a Tranche B-3 Term Loan in Dollars to the Borrower on the date specified in the notice of borrowing delivered pursuant to Section 5(d) hereof, in an amount equal to such Incremental Tranche B-3 Term Lender’s Tranche B-3 Term Loan Commitment.

  • Not later than 1:00 p.m., New York City time, on the Incremental Effective Date, each Incremental Tranche B-3 Term Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Tranche B-3 Term Loans to be made by such Lender.

  • Upon execution and delivery hereof, the Term Administrative Agent will record the Tranche B-3 Term Loans made by each Tranche B-3 Term Lender in the Register.

  • Upon receipt of such notice the Administrative Agent shall promptly notify each Tranche B-3 Term Lender thereof.

  • The Tranche B-3 Term Commitment of each Tranche B-3 Term Lender shall automatically terminate upon the making of the Tranche B-3 Term Loans on the Effective Date.

  • Pursuant to Section 2.05(a)(v)(C) of the Credit Agreement, the Borrower hereby requests that each [Tranche B-3 Term Lender] [Tranche B-4 Term Lender] [Term Lender] submit a Discount Range Prepayment Offer for the [Tranche B-3 Loans] [Tranche B-4 Loans] [Term Loans].


More Definitions of Tranche B-3 Term Lender

Tranche B-3 Term Lender. (a) each Person that executes and delivers a consent to the 2011 Amendment Agreement specifically in the capacity of a Tranche B-3 Term Lender, thereby agreeing to become a Lender hereunder and agreeing to make a Tranche B-3 Term Loan to the Borrower in the amount of its Tranche B-3 Commitment, and (b) any other Person that becomes a party hereto as a Tranche B-3 Term Lender hereunder pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption or otherwise ceases to have any Tranche B-3 Term Loans or Tranche B-3 Term Commitments hereunder.
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Tranche B-3 Term Lender means each Lender party to the Fourth Amendment.
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Related to Tranche B-3 Term Lender

  • Term Lender means, at any time, any Lender that has a Term Commitment or a Term Loan at such time.

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

  • 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.