Five-Year Term Loan Commitment definition

Five-Year Term Loan Commitment means, as to each Lender, its obligation to make Five-Year Term Loans to the Borrower on the Closing Date pursuant to subsection 2.01(b) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Five-Year 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.
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Five-Year Term Loan Commitment means the obligation hereunder of each Lender making a Five Year Term Loan equal to the amount set forth opposite such Lender’s name under the column headed “Five Year Term Loan Commitment Amount” as set forth on Schedule 1-A hereto.
Sample 1Sample 2
Five-Year Term Loan Commitment means, with respect to each Five-Year Term Loan Lender, the commitment of such Five-Year Term Loan Lender to make its portion of the Five-Year Term Loan in a principal amount equal to such Five-Year Term Loan Lender’s Five-Year Term Loan Commitment Percentage of the Five-Year Term Loan Committed Amount.
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Examples of Five-Year Term Loan Commitment in a sentence

  • Each Five-Year Term Loan Lender will make its Five-Year Term Loan Commitment Percentage of the Five-Year Term Loan borrowing available to the Administrative Agent, for the account of the Borrower, in U.S. Dollars and in funds immediately available to the Administrative Agent at the Administrative Agent’s office by 1:00 p.m. on the date specified in the applicable Notice of Borrowing.

  • Each Five-Year Term Loan Lender’s Five-Year Term Loan Commitment shall be reduced immediately and without further action on the Delayed Draw Funding Date on a dollar-for-dollar basis by the amount of Five-Year Term Loans made by such Lender on the Delayed Draw Funding Date.

  • Each Five-Year Term Lender severally agrees, on the terms and conditions set forth in this Agreement, to make a Five-Year Term Loan to the Borrower on the Effective Date, in an amount equal to such Five-Year Term Lender’s Five-Year Term Loan Commitment by making immediately available funds available to the Administrative Agent’s designated account, not later than the time specified by the Administrative Agent.

  • Subject to the terms and conditions set forth herein, each Five-Year Term Loan Lender severally agrees to make a Five-Year Term Loan to the Borrower on the Closing Date in an aggregate principal amount equal to such Five-Year Term Loan Lender’s Five-Year Term Loan Commitment.

  • Notwithstanding the foregoing, if the total Five-Year Term Loan Commitment as of the Closing Date is not drawn on the Closing Date, the undrawn amount shall automatically be cancelled.

  • Each Five-Year Term Lender severally agrees, on the terms and conditions set forth in this Agreement, to make (or to keep outstanding) a Five-Year Term Loan to the Borrower on the Amendment No. 5 Effective Date, in an amount equal to such Five-Year Term Lender’s Five-Year Term Loan Commitment, by making immediately available funds available to the Administrative Agent’s designated account, not later than the time specified by the Administrative Agent.


More Definitions of Five-Year Term Loan Commitment

Five-Year Term Loan Commitment means, for each Five-Year Term Lender, the obligation, if any, of such Five-Year Term Lender to make Five-Year Term Loans to the Borrower, as set forth in Schedule 1, as it may be modified (i) as a result of any assignment that has become effective pursuant to Section 12.3(c) or (ii) otherwise from time to time pursuant to the terms hereof. As of the date of this Agreement, the aggregate amount of the Term Lenders’ Five-Year Term Loan Commitments is $250,000,000. After advancing the Five-Year Term Loan, each reference to a Five-Year Term Lender’s Five-Year Term Loan Commitment shall refer to that Five-Year Term Lender’s Pro Rata Share of the Five-Year Term Loans.
Sample 1
Five-Year Term Loan Commitment means, with respect to each Five Year Term Lender, the commitment, if any, of such Five Year Term Lender to make a Five Year Term Loan pursuant to ‎Section 2.01(b) on the Closing Date. The initial amount of each Five Year Term Lender’s Five Year Term Loan Commitment is set forth on Schedule 2.01 under the caption “Five Year Term Commitment” or opposite such caption or in the Assignment and Assumption pursuant to which such Five Year Term Lender shall have assumed its Five Year Term Loan Commitment, as applicable. The initial aggregate amount of the Five Year Term Lenders’ Five Year Term Loan Commitment on the Closing Date is $1,000,000,000.
Sample 1
Five-Year Term Loan Commitment means the obligation hereunder of each Lender making a Five Year Term Loan equal to the amount set forth opposite such Lender’s name under the column headed “Five Year Term Loan Commitment Amount” as set forth on Schedule 1 hereto.
Sample 1
Five-Year Term Loan Commitment means, for each Five-Year Term Lender, the obligation, if any, of such Five-Year Term Lender to make Five-Year Term Loans to the Borrower, as set forth in Schedule 1 (as amended pursuant to Amendment No. 5), as it may be further modified (i) as a result of any assignment that has become effective pursuant to Section 12.3(c) or (ii) otherwise from time to time pursuant to the terms hereof. As of the Amendment No. 5 Effective Date, the aggregate amount of the Term Lenders’ Five-Year Term Loan Commitments is $140,625,000 (with the understanding that certain Five-Year Term Loans were funded prior to such date). After advancing the Five-Year Term Loan, each reference to a Five-Year Term Lender’s Five-Year Term Loan Commitment shall refer to that Five-Year Term Lender’s Pro Rata Share of the Five-Year Term Loans. Certain Five-Year Term Loans constituted “Incremental 2020 Term Loans” prior to the Amendment No. 5 Effective Date, but on and after such date shall constitute Five-Year Term Loans.
Sample 1
Five-Year Term Loan Commitment means, for each Lender, the obligation, if any, of such Lender to make Five-Year Term Loans to the Borrower, as set forth in Schedule 1, as it may be modified (a) as a result of any assignment that has become effective pursuant to Section 12.3(c) or (b) otherwise from time to time pursuant to the terms hereof. As of the date of this Agreement, the aggregate amount of the Lenders’ Five-Year Term Loan Commitments is $430,000,000. After advancing the Five-Year Term Loan, each reference to a Lender’s Five-Year Term Loan Commitment shall refer to that Lender’s Pro Rata Share of the Five-Year Term Loans.
Sample 1
Five-Year Term Loan Commitment means, (a) with respect to any Lender, the commitment of such Lender to make a portion of the Initial Five-Year Term Loan and/or Incremental Five-Year Term Loans, as applicable, to the account of the Borrower hereunder on the Closing Date (in the case of the Initial Five-Year Term Loan) or the applicable Increase Effective Date (in the case of any Incremental Five-Year Term Loan) and (b) as to all Lenders, the aggregate commitment of all Lenders to make such Five-Year Term Loans. The initial amount of each Lender’s Five-Year Term Loan Commitment with respect to the Initial Five-Year Term Loan is set forth on Schedule 2.1 and the aggregate Five-Year Term Loan Commitments of all Lenders with respect to the Initial Five-Year Term Loan is $80,000,000.
Sample 1

Related to Five-Year Term Loan Commitment

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 or 9.02(c)(i).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $90,000,000, as such amount may be adjusted as permitted by this Agreement.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Adjusted Total Term Loan Commitment means at any time the Total Term Loan Commitment less the Term Loan Commitments of all Defaulting Lenders.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Closing Date Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Closing Date Term Loan Commitment. The aggregate amount of the Closing Date Term Loan Commitments as of the Closing Date is $820,000,000.

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Initial Term Loan Lender means a Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Tranche B Term Loan as defined in Section 2.1.