Tranche B-3 Term Loans definition

Tranche B-3 Term Loans means (a) prior to the Amendment No. 7 Effective Date, the Tranche B-3 Term Loans made to the Borrower on the Amendment No. 6 Effective Date and (b) from and after the Amendment No. 7 Effective Date, collectively, (i) the Tranche B-3 Term Loans referred to in the foregoing clause (a) and (ii) the Amendment No. 7 Incremental Term Loans.

Tranche B-3 Term Loans means the “Tranche B-3 Term Loans” as defined in Amendment No. 3.

Tranche B-3 Term Loans shall have the meaning provided in Amendment No. 4.

Examples of Tranche B-3 Term Loans in a sentence

• The Borrower shall prepay all Existing Tranche B-2 Term Loans of Non-Consenting Existing Tranche B-2 Term Loan Lenders and Post-Closing Option Tranche B-2 Lenders with the gross proceeds of the Additional Tranche B-3 Term Loans.

• Any proceeds of the Tranche B-4 Term Loans shall be applied on the Fifth Amendment Effective Date to prepay Existing Tranche B-3 Term Loans of Non-Consenting Existing Tranche B-3 Lenders and Post-Closing Option Tranche B-4 Lenders in full.

• Any proceeds of the Initial Tranche B-3 Term Loans shall be applied on the Amendment No. 4 Effective Date to prepay in full all Existing Tranche B-2 Term Loans of Non-Consenting Existing Tranche B-2 Term Loan Lenders and Post-Closing Option Tranche B-2 Lenders.

• Each Amendment No. 5 Incremental Term Loan shall initially take the form of a pro rata increase in each outstanding Borrowing of Initial Tranche B-3 Term Loans on the Amendment No. 5 Effective Date.

• Other than as set forth herein, for all purposes under the Credit Agreement and the other Loan Documents, the Tranche B-3 Term Loans shall have the same terms as the initial Term Loans made on the Closing Date and shall be treated for purposes of voluntary and mandatory prepayments (including for scheduled principal payments) and all other terms as Term Loans made on the Closing Date.

More Definitions of Tranche B-3 Term Loans

Tranche B-3 Term Loans a Tranche B-3 Term Loan borrowed by the Borrower on the Incremental Effective Date. The aggregate amount of Tranche B-3 Term Loans as of the Incremental Effective Date is $1,350,000,000.

Tranche B-3 Term Loans means the Loans made pursuant to Section 2 of this Agreement.

Tranche B-3 Term Loans shall have the meaning assigned to such term in Section 1 of the April 2012 Incremental Assumption Agreement.

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.

Tranche B-3 Term Loans as defined in subsection 2.1.

Tranche B-3 Term Loans has the meaning assigned to such term in Amendment No. 6.

Tranche B-3 Term Loans has the meaning set forth in the DIP Order.