Class B Commitment means the commitment of a Class B Lender to fund any Class B Advance and “Class B Commitments” shall mean such commitments of all Class B Lenders in the aggregate. The amount of each Class B Lender’s Commitment is set forth on Schedule 1 to the Side Letter, as such amount may be modified in accordance with the terms hereof or in the applicable Assignment and Assumption to which any Class B Lender becomes a party.

Class B Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Class B Revolving Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Class B Revolving Credit Exposure 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 assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Class B Commitment as of the Restatement Effective Date is set forth on Schedule 2.01 (determined as provided in the Amendment and Restatement Agreement), or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Class B Commitment, as applicable.

Examples of Class B Commitment in a sentence

Under no circumstances shall any Class B Lender be obligated to make a Class B Term Loan if, after giving effect to such Class B Term Loan, (A) the Aggregate Principal would exceed the Borrowing Base at such time, (B) the Aggregate Class B Term Loan Amount would exceed the Class B Facility Limit at such time, (C) the outstanding Principal amount of the Class B Term Loan of such Class B Lender would exceed the Class B Commitment of such Class B Lender at such time.
Each Class B Lender’s Class B Commitment shall terminate immediately and without further action upon the initial funding of its commitments hereunder.

More Definitions of Class B Commitment

Class B Commitment means, individually or collectively as the context may require, the Class B-I Commitments and the Class B-II Commitments.

Class B Commitment as to any Class B Lender, the obligation of such Class B Lender, if any, to make Class B Revolving Loans and participate in Swingline Loans and Letters of Credit in an aggregate principal and/or face amount not to exceed the amount set forth under the heading “Commitment” opposite such Class B Lender’s name on Schedule 1.1A or in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The original aggregate amount of the Class B Commitments is $60,000,000.

Class B Commitment means, with respect to each Class B Lender, the commitment of such Lender to make Class B Loans to the Borrower pursuant to Section 2.1 of the Loan Agreement, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender's name on Schedule 2.1 attached to the Loan Agreement under the heading "Class B 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 the Loan Agreement; provided that upon the execution and delivery of a Joinder Agreement(s) in accordance with Section 10.17 of the Loan Agreement, the Class B Commitment of each Lender party to the Loan Agreement at such time shall be as set forth in the revised Schedule 2.1 attached to the Joinder Agreement.

Class B Commitment means, with respect to each Class B Lender, the commitment of such Class B Lender to make Class B Loans hereunder pursuant to the terms and subject to the conditions of this Agreement and the other Loan Documents, as set forth on Schedule I hereto, as the same may be reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.03, which obligation shall be deemed terminated following the occurrence of the Funding Termination Date.

Class B Commitment. With respect to each Purchaser of Class B Variable Funding Certificates, (a) the commitment of such Purchaser to make Class B Advances under the Class B Variable Funding Certificate in accordance herewith in an amount not to exceed $83,333,333; provided, that such amount may be increased pursuant to Section 2.4(d) to an amount not to exceed $100,000,000, or (b) on or after the Termination Date, such Purchaser’s pro rata share of the aggregate Class B Advances Outstanding. Any reduction (or termination) of the Class B Facility Amount pursuant to the terms of this Agreement shall reduce ratably (or terminate) each such Purchaser’s Commitment.

Class B Commitment means, for each Class B Purchaser, the amount set forth on Schedule II for such Class B Purchaser, in each case as it may be adjusted in accordance with Sections 1.5 and 9.8.

Class B Commitment means the commitment of a Class B Lender to make or otherwise fund any Class B Loan and “Class B Commitments” means such commitments of all Class B Lenders in the aggregate. The aggregate amount of the Class B Commitments as of the Closing Date is $0. The amount of any Class B Lender’s Class B Commitment after the Closing Date will be set forth in a Joinder Agreement. The Administrative Agent shall update Appendix A from time to time to reflect any changes in Class B Commitments. The Class B Commitment of each Class B Lender will be equal to zero on the Commitment Termination Date.