Aggregate Tranche 2 Commitments definition

Aggregate Tranche 2 Commitments means the Tranche 2 Commitments of all the Tranche 2 Lenders. As of the Effective Date, the Aggregate Tranche 2 Commitments are $1,885,000,000.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Aggregate Tranche 2 Commitments means the Tranche 2 Commitments of all the Tranche 2 Lenders.

Aggregate Tranche 2 Commitments. “Tranche 1 Commitment”, “Tranche 1 Lender”, “Tranche 1 Loan”, “Tranche 1 Outstandings”, “Tranche 1 Pro Rata Share”, “Tranche 2 Commitment”, “Tranche 2 Lender”, “Tranche 2 Loan”, “Tranche 2 Outstandings” and “Tranche 2 Pro Rata Share”; (ii) replacing all references to “Aggregate Tranche 1 Commitments” or “Aggregate Tranche 2 Commitments” with references to “Aggregate Commitments”; and (iii) amending the following definitions in their entirety to read as follows:

Examples of Aggregate Tranche 2 Commitments in a sentence

• The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Tranche 2 Commitments.

• All fees accrued until the effective date of any termination of the Aggregate Tranche 2 Commitments shall be paid on the effective date of such termination.

• Any reduction of the Aggregate Tranche 2 Commitments shall be applied to the Tranche 2 Commitment of each Tranche 2 Lender according to its Applicable Tranche 2 Percentage.

• Any reduction of the Aggregate Tranche 2 Commitments shall be applied to the Tranche 2 Commitment of each Tranche 2 Lender according to its Applicable Tranche 2 Percentage (other than a reduction pursuant to Section 2.14(f)).

• The Company shall pay to the Canadian Facility Agent for the account of each Tranche 2 Lender in accordance with its Pro Rata Share, a facility fee in U.S. Dollars equal to the Applicable Tranche 2 Rate therefor times the actual daily amount of the Aggregate Tranche 2 Commitments (or, if the Aggregate Tranche 2 Commitments have terminated, on the Outstanding Amount of all Tranche 2 Loans and Canadian Swing Line Loans), regardless of usage.

• Anixter shall pay to the Administrative Agent for the account of each Tranche 2 Lender in accordance with its Tranche 2 Pro Rata Share, a facility fee equal to the Applicable Margin times the actual daily amount of the Aggregate Tranche 2 Commitments, regardless of usage.

• The Canadian Facility Agent will promptly notify the Tranche 2 Lenders of any such notice of termination or reduction of the Aggregate Tranche 2 Commitments.

• Any reduction of the Aggregate Tranche 2 Commitments shall be applied to the Tranche 2 Commitment of each Lender according to its Pro Rata Share.

• All related facility fees accrued until the effective date of any termination of the Aggregate Tranche 1 Commitments or the Aggregate Tranche 2 Commitments shall be paid on the effective date of such termination.

• As of the Effective Date, the Aggregate Tranche 2 Commitments are $1,885,000,000.

More Definitions of Aggregate Tranche 2 Commitments

Aggregate Tranche 2 Commitments means US$100,000,000, as such amount may be reduced or adjusted from time to time in accordance with this Agreement.

Aggregate Tranche 2 Commitments means the Tranche 2 Commitments of all the Tranche 2 Lenders. As of the Effective Date, the Aggregate Tranche 2 Commitments are $1,885,000,000. “Agreed Currency” means Dollars or any Alternative Currency, as applicable. “Agreement” means this Credit Agreement. “Agreement Currency” has the meaning specified in Section 11.19. “Alternative Currency” means each of (i) Euro, Sterling and Yen and (ii) each other currency (other than Dollars) that is approved in accordance with Section 1.06. “Alternative Currency Daily Rate” means, for any day, with respect to any Credit Extension: (a) denominated in Sterling, the rate per annum equal to ▇▇▇▇▇ determined pursuant to the definition thereof plus the ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇; and 2

Aggregate Tranche 2 Commitments means the Tranche 2 Commitments of all the Tranche 2 Lenders. As of the Effective Date, the Aggregate Tranche 2 Commitments are $7,000,000,000. “Agreement” means this Credit Agreement, as amended, restated, waived or otherwise modified from time to time. “Ancillary Document” has the meaning specified in Section 11.17. “Applicable Loan Percentage” means (i) with respect to any Tranche 1 Lender at any time, the percentage (carried out to the ninth decimal place) of the aggregate Outstanding Amount of all Tranche 1 Loans represented by the aggregate Outstanding Amount of such Tranche 1 Lender’s Tranche 1 Loans at 2 1006836498v2

Aggregate Tranche 2 Commitments means the Tranche 2 Commitments of all the Tranche 2 Lenders. As of the Amendment No. 1 Effective Date, the Aggregate Tranche 2 Commitments are $764,444,444.45. “Agreement” means this Amended and Restated Credit Agreement. “Alternative Currency” means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.06. “Alternative Currency Equivalent” means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as determined by the Administrative Agent or an L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars. “Amendment No. 1” means that certain Amendment No. 1 to Amended and Restated Credit Agreement, dated as of August 11, 2017, among the Borrowers, the Facility Guarantor, the Lenders signatory thereto, and the Administrative Agent. “Amendment No. 1 Effective Date” means August 11, 2017. “Amendment No. 2 Effective Date” means April 30, 2020. “Applicable Percentage” means (i) with respect to any Tranche 1 Lender at any time, the percentage (carried out to the ninth decimal place) of the Aggregate Tranche 1 Commitments represented by such Tranche 1 Lender’s Tranche 1 Commitment at such time, and (ii) with respect to any Tranche 2 Lender at any time, the percentage (carried out to the ninth decimal place) of the Aggregate Tranche 2 Commitments represented by such Tranche 2 Lender’s Tranche 2 Commitment at such time, subject in each case to adjustment as provided in Section 2.