Class B Commitments means 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 Commitments means the sum of the Commitments of all Committed Lenders that are Class B Lenders, which Commitments shall in no event exceed 15% of the Class A Commitments then in effect. As of the Closing Date, the aggregate amount of the Class B Commitments of the Committed Lenders is $0.
Class B Commitments means the sum of the Commitments of all Committed Lenders that are Class B Lenders, which Commitments shall in no event exceed 15% of the Class A Commitments then in effect. As of the Third Amendment Effective Date, the aggregate amount of the Class B Commitments of the Committed Lenders is $55,000,000. “Class B Interest Rate” has the meaning assigned to such term in the Fee Letter. “Class B Lender” means each Committed Lender that is identified on Schedule I hereto as a member of a “Class B Lender Group,” together with its respective successors and permitted assigns. “Class B Lender Group” means a group consisting of the Class B Lenders listed together as party of a “Related Group” on Schedule I hereto or any Assignment and Assumption Agreement. “Class B Loan” means a Loan funded by a Class B Lender hereunder. “Class B Maximum Financing Amount” means the aggregate amount of Class B Commitments. “Class B Monthly Interest Amount” means, with respect to each Interest Period, an amount equal to the product of (i) the Class B Interest Rate, (ii) the daily average Class B Aggregate Loan Principal Balance during the related Interest Period, and (iii) a fraction, the numerator of which is equal to (x) the actual number of days during the related Interest Period and the denominator of which is equal to (y)
Examples of Class B Commitments in a sentence
On the terms and subject to the conditions hereinafter set forth, each Class B Lender, severally and not jointly, agrees to make a single Class B Term Loan to the Borrower on the First Amendment Date in an amount equal to its ratable share (based on the Class B Commitments) of the Initial Class B Term Loan Amount.
More Definitions of Class B Commitments
Class B Commitments means the commitments of all Class B Lenders. The amount of each Class B Lender’s Class B Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The Administrative Agent shall update Appendix A from time to time to reflect any changes in Class B Commitments. The aggregate amount of the Class B Commitments as of the Closing Date is $49,000,000. The Class B Commitment of each Class B Lender will be equal to zero on the Commitment Termination Date.