Bridge Commitment definition

Bridge Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant to Section 2.19 and the Bridge Facility Agreement, to make a Bridge Loan hereunder, expressed as an amount representing the maximum principal amount of the Bridge Loan to be made by such Lender.

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

Bridge Commitment as to any Lender, the obligation of such Lender, if any, to make a Bridge Loan to the Borrower hereunder in a principal amount not to exceed the amount set forth under the heading “Bridge Commitment” under such Lender’s name on such Lender’s Addendum. The original aggregate amount of the Bridge Commitments is $39,000,000.

Examples of Bridge Commitment in a sentence

• Offering also include wide range of information security products and services.

• Subject to the terms and conditions set forth herein, each Repatriation Bridge Lender has severally agreed to make, on the Closing Date, a single loan in Dollars in an aggregate principal amount equal to its Repatriation Bridge Commitment.

• The Repatriation Bridge Commitment of each Repatriation Bridge Lender shall be automatically and permanently reduced to $0 on the Closing Date upon the making of the Repatriation Bridge Loans in accordance with ‎Section 2.01.

• In addition, the Applicable Margin shall increase by an additional 0.25% at the beginning of each subsequent three-month period, commencing May 1, 2001, unless and until Company shall have completed (after the date hereof) one or more Capital Markets Transactions and applied at least $300,000,000 of Net Securities Proceeds therefrom in the aggregate to reduce the Aggregate Bridge Commitment.

• The Financing Commitments shall terminate on the earliest of (a) the last day of the Reinvestment Period (or, in the case of the Bridge Commitment, if sooner, the Scheduled Termination Date in respect of the Bridge Advances), (b) the Maturity Date and (c) the occurrence of a Market Value Event (or, if earlier, the date of termination of the Financing Commitments pursuant to Article VII).

More Definitions of Bridge Commitment

Bridge Commitment means, as to each Revolving Lender, its obligation to make Revolving 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 Revolving Lender’s name on Schedule 2.01(a).

Bridge Commitment means any Financing Commitment of the Lenders to make Bridge Advances in connection with a single Commitment Increase Request in an amount not to exceed $100,000,000, as set forth in Section 2.06.

Bridge Commitment means “Commitment” as defined in the “Mittal Bridge Facility”.

Bridge Commitment means any Financing Commitment of the Lenders to make Bridge Advances with respect to Tranche B in an amount not to exceed $50,000,00025,000,000.

Bridge Commitment means the amount set forth opposite each Bank's name in SCHEDULE 2.01 (such amount as the same may be reduced or increased as a result of one or more assignments pursuant to Section 10.08).

Bridge Commitment means any Financing Commitment of the Lenders to make Bridge Advances with respect to Tranche B in an amount not to exceed $25,000,000. ​

Bridge Commitment means, with respect to each Bridge Lender, the commitment, if any, of such Bridge Lender to make a Bridge Loan hereunder, expressed as an amount representing the maximum principal amount of the Bridge Loan to be made by such Bridge Lender hereunder, 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 (i) assignments by or to such Bridge Lender pursuant to an Assignment and Assumption, (ii) a Refinancing Amendment, (iii) an Incremental Facility Amendment in respect of any Bridge Loans or (iv) a Loan Modification Agreement. The amount of each Bridge Lender’s Bridge Commitment as of the Incremental Amendment No. 1 Effective Date is set forth on Schedule ‎I to Incremental Amendment No. 1 or in the Assignment and Assumption pursuant to which such Bridge Lender shall have assumed its Bridge Commitment, Incremental Facility Amendment, Loan Modification Agreement or Refinancing Amendment, as the case may be. As of the Incremental Amendment No. 1 Effective Date, the total Bridge Commitment is €was Euro 200,000,000, and as of the Amendment No. 2 Effective Date, the total Bridge Commitment is $220,000,000. “Bridge Lender” means a Lender with a Bridge Commitment or an outstanding Bridge Loan. “Bridge Loans” means the Loans made pursuant to Section 2.01(b). “Business Day” means (i) subject to clauses (ii) and (iii) below, any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by Requirements of Law to remain closed, (ii) with respect to all notices and determinations in connection with, and payments of principal and interest on or with respect to Loans denominated in Euros, any day that is a Business Day described in clause (i) and that is also a TARGET Day, (iii) with respect to all notices and determinations in connection with, and payments of principal and interest on or with respect to Loans denominated in Sterling, any day that is an RFR Business Day (iv) with respect to all notices and determinations in connection with, and payments of principal and interest on or with respect to, Loans denominated in any other Alternative Currency, any day that is a Business Day described in clauses (i), (ii) and (iii) and that is also a day which is not a legal holiday or a day on which banking institutions are authorized or required by Requirements of Law or other government action to remain closed in the country of issuance...