Facility B Commitment means, with respect to each Facility B Lender, the commitment, if any, of such Lender to make Facility B Revolving Loans and to acquire participations in Facility B Letters of Credit, Facility B Protective Advances and Facility B Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility B Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Facility B Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility B Commitment, as applicable. The initial aggregate amount of the Lenders’ Facility B Commitments is $200,000,000.

Facility B Commitment refers collectively to the Facility B-1 Commitment and the Facility B-2 Commitment.

Facility B Commitment shall have the meaning assigned to it in Section 2.01(b).

Examples of Facility B Commitment in a sentence

Repayments of Loans under the Facility B Commitment shall be applied to the repayment schedule set forth in Section 2.7(b)(ii) in inverse order of maturity.
From the effective date of any reduction of the Total Facility A Commitment or the Total Facility B Commitment, the Commitment Fees payable pursuant to Subparagraph 2.06(b) shall be computed on the basis of the Total Facility A Commitment and/or the Total Facility B Commitment as so reduced.
For the avoidance of doubt, a Lender may only extend its entire Facility A Commitment and (if applicable) its entire Facility B Commitment existing at the date of the Extension Request.
Once reduced or cancelled, the Total Facility A Commitment or the Total Facility B Commitment may not be increased or reinstated without the prior written consent of all Facility A Lenders or Facility B Lenders, as applicable.
Any cancellation in part shall be applied against the relevant Facility A Commitment, Facility B Commitment or, as the case may be, Facility C Commitment of each Lender pro rata.

More Definitions of Facility B Commitment

Facility B Commitment means, in relation to a Lender, the principal amount in relation to Facility B described as such set opposite its name in Schedule 2 or set out under the heading “Amount of Facility B Commitment Transferred” in the schedule to any relevant Transfer Certificate, in each case as (i) reduced or cancelled, or (ii) increased, in accordance with this Agreement.

Facility B Commitment means $25,000,000.00, as reduced from time to time --------------------- pursuant to Section 2.6 hereof. -----------

Facility B Commitment means the USD42,500,000 to the extent not cancelled, transferred or reduced by it under this Agreement.

Facility B Commitment means, with respect to each Lender, the commitment of such Lender to make Facility B Loans pursuant to Section 2.1(b), in amounts not exceeding in aggregate principal amount outstanding the respective Facility B commitment amounts for each Lender set forth next to the name of each such Lender in the signature pages hereof, as such amount may be reduced or modified from time to time pursuant to Section 2.2(a) or Section 8.6.

Facility B Commitment means, for each Lender, the obligation of such Lender to make term Loans under Facility B not exceeding the amount set forth opposite its name on Schedule "1" hereto or as set forth in any Notice of Assignment relating to any assignment that has become effective pursuant to Section 12.3.2, as such amount may be modified from time to time pursuant to the terms hereof.

Facility B Commitment means, with respect to each Bank, such Bank's obligation pursuant to clause (c) of Section 2.1 to make Facility B Loans.

Facility B Commitment shall have the meaning assigned thereto in the Existing Credit Agreement.