Toledo cheer (3)
I believe the answer is:
ole
'toledo cheer' is the definition.
(I've seen this in another clue)
This is all the clue.
(Other definitions for ole that I've seen before include "Spanish cheer" , "Hooray for the Spaniards" , "Spanish victory cry" , "Hurrah in Spain" , "Well done! (Span.)" .)