Tranche B-3 Term Loan definition

Tranche B-3 Term Loan has the meaning specified in Section 2.01.

Tranche B-3 Term Loan means the term loans converted into and deemed issued under and outstanding pursuant to this Agreement on the Effective Date, pursuant to Section 2.01(a)(ii) pursuant to the Tranche B-3 Term Commitment.

Tranche B-3 Term Loan the loans in Dollars made to the Borrower on the Second Amendment Effective Date in an aggregate principal amount of $650,109,890.11.

Examples of Tranche B-3 Term Loan 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.

• Each Borrowing of Tranche B-3 Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Tranche B-3 Term Loan Commitments.

• Any Tranche B-1 Term Loan Lender, Tranche B-2 Term Loan Lender, Tranche B-3 Term Loan Lender, Tranche B-4 Term Loan Lender, Tranche B-5 Term Loan Lender or Incremental Tranche B Term Loan Lender whose Discount Range Prepayment Offer is not received by the Administrative Agent by the Discount Range Prepayment Response Date shall be deemed to have declined to accept a Discounted Term Loan Prepayment of any of its Term Loans at any discount to their par value within the Discount Range.

• Subject to the terms and conditions set forth herein and in the Fourth Amendment and Restatement Agreement, each Tranche B-3 Lender agrees, severally and not jointly, to make a Tranche B-3 Term Loan to the Borrower on the Fourth ARCA Effective Date in a principal amount equal to its Tranche B-3 Commitment.

• If the Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Loans in any such Committed Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one (1) month (or, in the case of a Tranche B-3 Term Loan as to which a Monthly Interest Notice has not been delivered, three (3) months).

More Definitions of Tranche B-3 Term Loan

Tranche B-3 Term Loan means the Initial Tranche B-3 Term Loans and the Amendment No. 5 Incremental Term Loans.

Tranche B-3 Term Loan shall have the meaning assigned to such term in the Sixth Amendment.

Tranche B-3 Term Loan shall have the meaning provided in the recitals hereto.

Tranche B-3 Term Loan means a Loan made by a Tranche B-3 Term Lender in respect of a Tranche B-3 Term Commitment pursuant to Section 2.01. Each Tranche B-3 Term Loan shall be denominated in Dollars.

Tranche B-3 Term Loan has the meaning specified in Section 2.01. “Tranche B-3 Term Loan Borrowers” means PSP and MacDermid. “Tranche B-3 Term Loan Commitment” means, as to each Tranche B-3 Term Loan Lender, its obligation to make Tranche B-3 Term Loans to the Tranche B-3 Term Loan Borrowers (i) pursuant to Section 2.01 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Tranche B-3 Term Loan Lender’s name on Schedule 2.01 under the caption “Tranche B-3 Term Loan Commitment”, (ii) in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, and (iii) pursuant to Section 2.14 in an aggregate principal amount at any one time outstanding not to exceed the amount agreed to by such Tranche B-3 Term Loan Lender in compliance with Section 2.14, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate amount of Tranche B-3 Term Loan Commitments on the Amendment No. 4 Funding Date is $1,045,000,000. “Tranche B-3 Term Loan Facility” has the meaning specified in the definition of “Facility”. “Tranche B-3 Term Loan Lender” means, at any time, any Lender that has a Tranche B-3 Term Loan Commitment or an outstanding Tranche B-3 Term Loan at such time. (jj) Section 1.01 of the Credit Agreement is hereby further amended by deleting the following defined terms in their entirety: “Euro Funding Borrower”, “Euro Obligation Aggregate Payments”, “Euro Obligation Fair Share”, “Euro Obligation Fair Share Contribution Amount”, “Euro Obligation Fair Share Shortfall”, “Euro Tranche Maturity Date”, “Euro Tranche Repayment Date” and “Pro Rata Euro Tranche Share”. (kk) Section 2.01 of the Credit Agreement is hereby amended by amending and restating such section in its entirety as follows: “

Tranche B-3 Term Loan means a Loan made pursuant to Section 2.01(g).

Tranche B-3 Term Loan means a term loan made by a Tranche B-3 Term Lender to the Company on the Restatement Effective Date pursuant to the Amendment Agreement, on the First Refinancing Term Loan Effective Date pursuant to the First Refinancing Term Loan Amendment, on the First Incremental Term Loan Effective Date pursuant to the First Incremental Amendment or on the First Amendment Effective Date pursuant to the First Amendment. As of the First Amendment Effective Date, the Tranche B-3 Term Loans have been redesignated as Tranche B Term Loans.