B-1 Loan Commitment definition

B-1 Loan Commitment means, with respect to an Existing Lender, the agreement of such Existing Lender to exchange all of its Existing Loans (or such lesser amount allocated to it by the Amendment No. 1 Lead Arranger) for an equal principal amount of B-1 Loans on the Amendment No. 1 Effective Date.
Sample 1

Examples of B-1 Loan Commitment in a sentence

  • On the Tenth Incremental Assumption and Amendment Agreement Effective Date, after giving effect to the funding of the 2021 Refinancing Term B-1 Loans, the 2021 Refinancing Term B-1 Loan Commitment (as defined in the Tenth Amended and Restated Credit Agreement) of each Lender terminated.

  • Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the “Term B-1 Loan”) to the Borrower on the Commitment Effective Date in an amount not to exceed such Lender’s Term B-1 Loan Commitment.

  • On the December 2018 Effective Date, each of the December 2018 Incremental Term B-1 Lenders agrees to make December 2018 Incremental Term B-1 Loans to the Borrower in a principal amount not to exceed such December 2018 Incremental Term B-1 Lender’s December 2018 Incremental Term B-1 Loan Commitment, with such December 2018 Incremental Term B-1 Loans having terms identical to the Existing Term B-1 Loans.

  • Each Term B-1 Loan Lender severally agrees, on the terms and conditions of this Agreement, to make loans to PGI on the Term B-1 Loan Closing Date in U.S. Dollars in an aggregate principal amount up to but not exceeding such Lender's Term B-1 Loan Commitment as then in effect.

  • On the Tenth Incremental Assumption and Amendment Agreement Effective Date, after giving effect to the funding of the 2021 Refinancing Term B-1 Loans, the 2021 Refinancing Term B-1 Loan Commitment of each 2021 Refinancing Term B-1 Lender will terminate.

  • The parties hereto intend to treat all of the Term B-1 Loans (including the Term B-1 Loans funded pursuant to the Additional Term B-1 Loan Commitment and the Term B-1 Loans converted from Term B Loans) as fungible for U.S. federal income tax purposes.

  • The Borrower further agrees to pay to the Administrative Agent for the account of each Term B1 Lender a commitment fee, which shall accrue at a rate per annum equal to 0.5% on the daily average unused amount of the respective Term B1 Loan Commitment of such Lender during the period from and including the Effective Date to but excluding the last day of the Term Loan Availability Period.

  • On the Fourteenth Incremental Assumption and Amendment Agreement Effective Date, after giving effect to the funding of the 2024 Refinancing Term B-1 Loans, the 2024 Refinancing Term B-1 Loan Commitment of each 2024 Refinancing Term B-1 Lender shall terminate.

  • Each Additional Lender hereby agrees to make (x) in the case of an Additional Revolving Credit Lender, its Additional Commitment available to the Borrower and (y) in the case of a Term B-1 Lender, the Term B-1 Loan to the Borrower in an amount equal to its Term B-1 Loan Commitment, in each case on the Amendment No. 1 Effective Date in accordance with Section 2.01(c) of the Credit Agreement.

  • Subject to the terms and conditions hereof and in the Term Loan Agreement, each Term B-1 Lender severally agrees to make a loan (a “Term B-1 Loan”) on the Incremental Amendment Effective Date in an amount equal to its Term B-1 Loan Commitment.

Related to B-1 Loan Commitment

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Term B Loan Commitment means the obligation of the Term B Lenders to make a Term B Loan on the Closing Date in an aggregate principal amount equal to $850,000,000. The Term B Loan Commitment on the Closing Date is $850,000,000.

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Tranche C Term Loan Commitment means, with respect to each Tranche C Term Loan Lender, the commitment of such Lender to make Tranche C Term Loans under the Tranche C Term Loan Incremental Facility Agreement.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Term Commitment means as to any Lender, the obligation of such Lender, if any, to make a Term Loan Advance to the Borrower in a principal amount not to exceed the amount set forth under the heading “Term Commitment” opposite such Lender’s name on Schedule 1.1.

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(a) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $795,000,000.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Term A Commitment means, as to each Term A Lender, its obligation to make Term A Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term A Lender’s name on Schedule 2.01 under the caption “Term A Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term A Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.