First Amendment Incremental Term Loan Commitment definition

First Amendment Incremental Term Loan Commitment has the meaning assigned thereto in the First Amendment.

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First Amendment Incremental Term Loan Commitment has the meaning set forth in the First Amendment. The aggregate amount of the First Amendment Incremental Term Loan Commitments as of the Fourth Amendment Effective Date is $0.

First Amendment Incremental Term Loan Commitment means, with respect to any First Amendment Incremental Term Lender, the obligation of such First Amendment Incremental Term Lender to make First Amendment Incremental Term Loans in an amount not to exceed the amount set forth opposite such First Amendment Incremental Term Loan Lender’s name on Schedule 1.1B hereto.

Examples of First Amendment Incremental Term Loan Commitment in a sentence

Not later than 2:00 p.m. on the First Amendment Effective Date, each First Amendment Incremental Term Lender shall make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, First Amendment Incremental Term Loans in an amount equal to such First Amendment Incremental Term Lender’s First Amendment Incremental Term Loan Commitment.
Subject to the terms and conditions, and relying upon the representations and warranties, herein set forth, each Lender with a First Amendment Incremental Term Loan Commitment agrees, severally and not jointly, to make a term loan (the “First Amendment Incremental Term Loan”) to the Borrower on the First Amendment Effective Date in a principal amount equal to its entire First Amendment Incremental Term Loan Commitment.
Each First Amendment Incremental Term Loan Commitment shall be an “Incremental Term Loan Commitment” and a “Commitment” and the First Amendment Incremental Term Loans once funded shall be “Incremental Term Loans”, “Term Loans” and “Loans”, in each case, for all purposes under the Amended Credit Agreement and each other Loan Document.
Upon the making of such First Amendment Incremental Term Loans on the First Amendment Effective Date, the First Amendment Incremental Term Loan Commitment of each Lender shall be automatically and permanently reduced to $0.
Notwithstanding the foregoing, if no First Amendment Incremental Term Loan Commitment are requested and funded on the First Amendment Effective Date, all undrawn First Amendment Incremental Term Loan Commitments shall automatically be cancelled on the First Amendment Effective Date.

More Definitions of First Amendment Incremental Term Loan Commitment

First Amendment Incremental Term Loan Commitment the commitment of a Lender to make a First Amendment Incremental Term Loan pursuant to Section 2.4 and the other terms and conditions of this Agreement, and “First Amendment Incremental Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The First Amendment Incremental Term Loan Commitment amount of each First Amendment Incremental Term Loan Lender is set forth opposite such Lender’s name in Schedule 1 to the Second Incremental Facility Amendment, as such amounts may be adjusted from time to time in accordance with this Agreement. The aggregate amount of First Incremental Amendment Incremental Term Loan Commitments as of the First Incremental Effective Date was $660,000,000. The aggregate amount of First Amendment Incremental Term Loan Commitments as of the Second Incremental Effective Date is $2,000,000,000.

First Amendment Incremental Term Loan Commitment means, with respect to each Lender, the obligation of such Lender to make First Amendment Incremental Term Loans hereunder and under Section 1 of the First Amendment on the First Amendment Effective Date, in a principal amount not exceeding the amount set forth with respect to such Lender on Exhibit A to the First Amendment under the heading “First Amendment Incremental Term Loan Commitment Amount”, as such schedule may be amended pursuant to Section 2.23. The aggregate principal amount of all Lenders’ First Amendment Incremental Term Loan Commitments as of the First Amendment Effective Date is $46,000,000.

First Amendment Incremental Term Loan Commitment means, with respect to each applicable Lender, the commitment of such Lender to make its portion of the First Amendment Incremental Term Loan hereunder in the amount set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender assumed its First Amendment Incremental Term Loan Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.10 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The aggregate amount of the First Amendment Incremental Term Loan Commitments is $5,000,000.00.