Existing Term Loan Commitment has the meaning ascribed to such term in the Recitals hereto.
Existing Term Loan Commitment means that portion of the Existing Term Loan made by and owing to Existing Term Loan Lender, as the same may be adjusted from time to time in accordance with the terms hereof.
Existing Term Loan Commitment means the commitment of an Existing Term Loan Lender to make or otherwise fund an Existing Term Loan pursuant to Section 2.1(a) of the Existing Credit Agreement on the Closing Date, and “New Term Loan Commitments” means such commitments of all such Lenders in the aggregate.
Examples of Existing Term Loan Commitment in a sentence
The aggregate amount of the Existing Term Loan shall not exceed the amount of the Existing Term Loan Commitment, as the same may from time to time be amended, with the written acknowledgment of Agent.
Each Existing Term Loan Note (or, if an Existing Term Loan Note is not requested, this Agreement) shall represent the joint and several obligation of Borrowers to pay the applicable Existing Term Loan Commitment, together with interest hereon as prescribed in Section 1.5.
Upon request by any Lender with a Existing Term Loan Commitment, each Borrower shall execute and deliver to such Lender a promissory note substantially in the form of Exhibit 1.1(b)(i) (each an “Existing Term Loan Note” and collectively the “Existing Term Loan Notes”).
NewPageCo may make only one borrowing under the Existing Term Loan Commitment which shall be on the Closing Date.
If at any time or for any reason, the outstanding principal amount of the Existing Term Loan Account (as hereinafter defined) is greater than the Existing Term Loan Commitment, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
More Definitions of Existing Term Loan Commitment
Existing Term Loan Commitment means, as to each Existing Term Lender, its obligation to make its portion of the Existing Term Loan to the Company pursuant to Section 2.01(b), in the principal amount set forth opposite such Existing Term Lender’s name on Schedule 2.01. The aggregate principal amount of the Existing Term Loan Commitments of all of the Existing Term Lenders as in effect on the Fifth Amendment Effective Date is ONE BILLION FIVE HUNDRED MILLION DOLLARS ($1,500,000,000).
Existing Term Loan Commitment means (a) as to any Lender with a Existing Term Loan Commitment, the commitment of such Lender to make its Pro Rata Share of the Existing Term Loan as set forth on Annex J to the Agreement as in effect as of the Closing Date, and (b) as to all Lenders with a Existing Term Loan Commitment, the aggregate commitment of all Lenders to make the Existing Term Loan, which aggregate commitment shall be Three Million Nine Hundred Thirty-Seven Thousand Eight Hundred Ninety-Three and 06/100 Dollars ($3,937,893.06) on the Closing Date.
Existing Term Loan Commitment means, with respect to each Lender, the commitment of such Lender to make the Existing Term Loan to the Borrowers prior to the Effective Date, in the amount set forth in Schedule 1 hereto, which commitment was fully funded and satisfied (with respect to Existing Term Loan outstanding on the Effective Date) prior to the Effective Date.
Existing Term Loan Commitment means, as to each Existing Term Loan Lender, its obligation to maintain an Existing Term Loan pursuant to Section 2.01(b)(i) in a principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 of the Existing Credit Agreement as of the Original Closing Date under the caption “Term Loan Commitment” or opposite such caption 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 this Agreement (it being understood that the Existing Term Loan Commitments on the Effective Date are zero).
Existing Term Loan Commitment means, as to each Lender, its obligation to make its portion of the Existing Term Loan to the Borrowers pursuant to Section 2.01(b) and the other terms and conditions of this Agreement, in the principal amount set forth opposite such Lender’s name on Schedule 2.01 as of the Closing Date, as such amounts may be adjusted from time to time in accordance with this Agreement. The aggregate principal amount of the Existing Term Loan Commitments of all of the Lenders as in effect on the Closing Date was TWO HUNDRED MILLION DOLLARS ($200,000,000). As of the First Amendment Effective Date, the Existing Term Loan has been fully drawn and the undrawn Existing Term Loan Commitment has been permanently reduced to zero ($0) Dollars.
Existing Term Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Existing Term Loans to the Borrower on the Closing Date as set forth in clause (a) of Section 2.01 of the Original Credit Agreement and as reflected on Schedule 2.01 thereto, or in the Assignment and Acceptance pursuant to which such Lender assumed its Existing Term Loan Commitment, as the same may be reduced from time to time pursuant to Section 2.09.
Existing Term Loan Commitment means (a) as to any Existing Lender, the obligation of such Existing Lender to make a portion of the Existing Term Loan pursuant to the Existing Credit Agreement prior to the Second Amendment Effective Date to the account of the Borrower hereunder in an aggregate principal amount not to exceed the amount set forth opposite such Existing Lender’s name under the heading “Existing Term Loan Commitment” on Part B of Schedule 1.1(a) hereto and (b) as to all Existing Lenders, the aggregate commitment of all Existing Lenders to make such Existing Term Loans. The Existing Term Loan Commitments were satisfied by the Existing Lenders on the Closing Date and the First Amendment Effective Date, as applicable. The total Existing Term Loan in the aggregate principal amount of $74,250,000 was advanced on the Closing Date and the First Amendment Effective Date, as applicable, thereby terminating the Existing Term Loan Commitments.