Initial Tranche B Term Commitment definition
Initial Tranche B Term Commitment means, with respect to each Lender, the amount set forth opposite such Lender's name in Annex 1.1 hereto directly below the column entitled "Tranche B Term Commitment", as the same may be reduced or terminated pursuant to Section 3.3.
Initial Tranche B Term Commitment means, as to any Lender, the obligation of such Lender, if any, to make an Initial Tranche B Term Loan to the Borrower in a principal amount not to exceed the amount set forth under the heading “Initial Tranche B Term Commitment” opposite such Lender’s name on Schedule 1.1A, as the same may be reduced pursuant to the terms hereof. The original aggregate amount of the Initial Tranche B Term Commitments is $307,000,000.
Initial Tranche B Term Commitment means (i) with respect to the Fronting 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 “Initial Tranche B Term Commitment” opposite such Term Lender’s name on Schedule 2.1 to this Agreement and (ii) with respect to each Converting Tranche B Term Lender, its commitment to make an Initial Tranche B Term Loan on the Closing Date in an aggregate amount equal to its Converted Tranche B Term Loan. The aggregate principal amount of the Initial Tranche B Term Commitments as of the Closing Date is $1,100,000,000.
Examples of Initial Tranche B Term Commitment in a sentence
During the Certain Funds Period, each Initial Tranche B Term Lender severally agrees to make to the Parent Borrower a single loan in Dollars in an aggregate principal amount equal not exceeding such Initial Tranche B Term Lender’s Initial Tranche B Term Commitment on the Acquisition Closing Date.
From and after the First Amendment Effective Date, (a) each Incremental Term Lender party hereto shall be an Initial Tranche B Term Lender for all purposes under the Agreement and the other Credit Documents and (b) the First Amendment Incremental Term Commitment of each Incremental Term Lender party hereto shall be an Initial Tranche B Term Commitment for all purposes under the Credit Agreement and the other Credit Documents.
More Definitions of Initial Tranche B Term Commitment
Initial Tranche B Term Commitment means, as to each Term Lender, its obligation to make Initial Tranche B Term Loans to the Borrower pursuant to Section 2.1(a)(ii) in an aggregate principal amount not to exceed the amount set forth opposite such Term Lender’s name on Appendix A-2 under the caption “Initial Tranche B Term Commitment”, as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Initial Tranche B Term Commitments is $635.0 million.
Initial Tranche B Term Commitment means, with respect to any Initial Tranche B Term Lender, the amount set forth on Schedule 2.01 opposite such Initial Tranche B Term Lender’s name under the heading “Initial Tranche B Term Commitment”, or in the Assignment and Assumption contemplated hereby pursuant to which such Initial Tranche B Term Lender shall have assumed its Initial Tranche B Term Commitment, as applicable, and giving effect to (a) any reduction in such amount from time to time pursuant to Section 2.09 and (ii) any reduction or increase in such amount from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial aggregate amount of the Initial Tranche B Term Commitments on the Closing Date is $775,000,000.00.
Initial Tranche B Term Commitment means, with respect to each Initial Tranche B Term Lender, the obligation of such Initial Tranche B Term Lender to make Initial Tranche B Term Loans to the Borrower on the Closing Date in an aggregate principal amount set forth under the heading “Initial Tranche B Term Commitment” opposite such Initial Tranche B Term Lender’s name as specified in Exhibit 2.1(a). As of the EffectiveClosing Date, the aggregate amount of Initial Tranche B Term Commitments is $0. Subject to Section 10.1(j), as of the Closing Date, the aggregate amount of Initial Tranche B Term Commitments shall be up to $800,000,000 (plus amounts available for Incremental Loans pursuant to Section 2.22, with any such amounts deemed usage of amounts permitted to be incurred pursuant to Section 2.22).500,000,000.