3-Year Tranche Commitment means, as to each 3-Year Tranche Lender, its commitment to make 3-Year Tranche Loans to the Borrower pursuant to Section 2.1 in an aggregate principal amount at any time outstanding not to exceed the amount set forth opposite such 3-Year Tranche Lender’s name on Schedule 2.1, as such commitment may be reduced or adjusted in accordance with this Agreement. The initial amount of each 3-Year Tranche Lender’s 3-Year Tranche Commitment is set forth on Schedule 2.1, or in the Assignment and Assumption pursuant to which such 3-Year Tranche Lender shall have assumed its 3-Year Tranche Commitment, as applicable. As of the date hereof, the aggregate amount of 3-Year Tranche Commitments is $1,500,000,000.
3-Year Tranche Commitment means as to any Lender (a) the amount set forth opposite such Lender’s name on Schedule I hereto as such Lender’s “3-Year Tranche Commitment” or (b) if such Lender has entered into an Assignment and Assumption, the amount set forth for such Lender in the Register maintained by the Agent pursuant to Section 9.07(c), as such amount may be reduced pursuant to Section 2.05. As of the Effective Date, the aggregate 3-Year Tranche Commitments of all of the Lenders is $625,000,000.
3-Year Tranche Commitment means, as to any Lender, the commitment of such Lender to make an Advance pursuant to Section 2.01(b), as such commitment may be increased or reduced from time to time pursuant to the terms hereof (including by way of assignment or otherwise). The initial amount of each Lender’s 3-Year Tranche Commitment is (a) the amount set forth in the column labeled “3-Year Tranche Commitment” opposite such Lender’s name on Schedule I hereto, or (b) if such Lender has entered into any Assignment and Assumption, the amount set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 9.07(d), as such amount may be reduced pursuant to Section 2.05. As of the Effective Date, the aggregate amount of the 3-Year Tranche Commitments is $2,500,000,000.
Examples of 3-Year Tranche Commitment in a sentence
Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans to the Company in Dollars on the Closing Date, in an aggregate amount not to exceed (i) with respect to the 3-Year Tranche Loans, such Lender’s 3-Year Tranche Commitment and (ii) with respect to the 5-Year Tranche Loans, such Lender’s 5-Year Tranche Commitment.
If a Pre-Closing Funding Election has not been made, each 3-Year Tranche Lender severally and not jointly agrees, on the terms and conditions hereinafter set forth, to make a 3-Year Tranche Advance denominated in Dollars to the Borrower on the Closing Date in an amount requested by the Borrower and otherwise in accordance with Section 2.02, not to exceed an amount equal to such Lender’s 3-Year Tranche Commitment immediately prior to the making of such 3-Year Tranche Advance.
If a Pre-Closing Funding Election has been made, each 3-Year Tranche Lender severally and not jointly agrees, on the terms and conditions hereinafter set forth, to advance same day funds denominated in Dollars to the Administrative Agent on the Pre-Closing Funding Date in an amount requested by the Borrower and otherwise in accordance with Section 2.02, not to exceed an amount equal to such Lender’s 3-Year Tranche Commitment immediately prior to the making of such advance.
Each Lender’s 3-Year Tranche Commitment shall terminate upon the making of the 3- Year Tranche Advances on the Closing Date.
Each 3-Year Tranche Lender’s 3-Year Tranche Commitment shall automatically be reduced by the amount of each 3-Year Tranche Loan made by such Lender, such reduction to be effective immediately following the making of such 3-Year Tranche Loan by such Lender.
More Definitions of 3-Year Tranche Commitment
3-Year Tranche Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a 3-Year Tranche Loan on the Term Funding Date, expressed as an amount representing the maximum principal amount of the 3-Year Tranche Loan to be made by such Lender, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s 3-Year Tranche Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its 3-Year Tranche Commitment, as applicable. The initial aggregate amount of the Lenders’ 3-Year Tranche Commitment is $650,000,000.
3-Year Tranche Commitment means, as to each 3-Year Tranche Lender, its obligation to make 3-Year Tranche Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the Dollar amount set forth under the heading “3-Year Tranche Commitment” opposite such 3-Year Tranche Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such 3-Year Tranche Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.
3-Year Tranche Commitment means, as to each Lender, its obligation to make Loans to the Company pursuant to SECTION 2.1. (b), in an aggregate principal amount not to exceed the amount set forth opposite such Lenders’ name on Schedule 2.1 under the heading “3-Year Tranche Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.
3-Year Tranche Commitment means, as to any Bank, the commitment of such Bank to make an Advance pursuant to Section 2.1(b), as such commitment may be increased or reduced from time to time pursuant to the terms hereof (including by way of assignment or otherwise). The initial amount of each Bank’s 3-Year Tranche Commitment is (a) the amount set forth in the column labeled “3-Year Tranche Commitment” opposite such Bank’s name on Schedule 2.1 hereto, or (b) if such Bank has entered into any Assignment and Assumption, the amount set forth for such Bank in the Register maintained by the Administrative Agent pursuant to Section 11.9, as such amount may be reduced pursuant to the terms hereof. As of the Effective Date, the aggregate amount of the 3-Year Tranche Commitments is $2,000,000,000.
3-Year Tranche Commitment means, as to each 3-Year Tranche Lender , its commitment to make 3-Year Tranche Loans to the Borrower pursuant to Section 2.01 in an aggregate principal amount at any time outstanding not to exceed the amount set forth opposite such 3-Year Tranche Lender’s name on the Commitment Schedule, as such commitment may be (a) reduced from time to time pursuant to Section 2.09, 2.11, 2.19(b) or 9.02(c), and (b) reduced or increased from time to time pursuant to assignments by or to such 3-Year Tranche Lender pursuant to Section 9.04. The initial amount of each 3-Year Tranche Lender’s 3-Year Tranche Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such 3-Year Tranche Lender shall have assumed its 3-Year Tranche Commitment, as applicable. As of the date hereof, the aggregate amount of 3-Year Tranche Commitment s is $1,306,250,000.
3-Year Tranche Commitment means, as to each 3-Year Tranche Lender, its commitment to make 3-Year Tranche Loans to the Borrower pursuant to Section 2.01 in an aggregate principal amount at any time outstanding not to exceed the amount set forth opposite such 3-Year Tranche Lender’s name on Schedule 2.01, as such commitment may be reduced or adjusted in accordance with this Agreement. The initial amount of each 3-Year Tranche Lender’s 3- Year Tranche Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such 3-Year Tranche Lender shall have assumed its 3-Year Tranche Commitments, as applicable. As of the Effective Date, the aggregate amount of 3-Year Tranche Commitment is $375,000,000.
3-Year Tranche Commitment means, as to each Lender, its obligation to make Loans to the Borrower pursuant to Section 2.01(a), in an aggregate principal amount not to exceed the amount set forth opposite such Lenders’ name on Schedule 2.01 under the heading “3-Year Tranche Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.