Refinancing Term Commitment means the commitment of any Lender to provide one or more new Classes of Refinancing Term Loans established pursuant to a Refinancing Amendment in accordance with Section 2.20.
Refinancing Term Commitment means, with respect to each Term Lender, its obligation to make a Term Loan to the Borrower pursuant to the First Refinancing Amendment (including pursuant to a Conversion of Original Term Loans of such Term Lender) in an aggregate amount not to exceed the amount set forth on the First Refinancing Amendment Allocation Schedule or in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. On the First Refinancing Amendment Effective Date the initial aggregate amount of the Term Commitments is $1,371,562,500.”
Refinancing Term Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Refinancing Term Loan on the Effective Date, expressed as an amount representing the maximum principal amount of the Refinancing Term Loan to be made by such Lender, as such commitment may be (a) reduced from time to time pursuant to Section 2.06 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The initial amount of each Lender’s Refinancing Term Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Refinancing Term Commitment, as applicable. The initial aggregate amount of the Lenders’ Refinancing Term Commitments is US$350,000,000.
Examples of Refinancing Term Commitment in a sentence
Each Refinancing Term Commitment will terminate in full upon the making of the related Refinancing Term Loan (or conversion, exchange or roll of the related Refinanced Term Loan, as applicable).
Subject to the terms and conditions set forth herein, each Refinancing Term Lender agrees, severally and not jointly, if such Refinancing Term Lender has so committed pursuant to Section 2.14, to make Refinancing Term Loans to the Borrower in an aggregate principal amount not to exceed its Refinancing Term Commitment and otherwise on the terms and subject to the conditions set forth in the Refinancing Amendment to which such Lender is a party.
Each Refinancing Term Commitment will terminate in full upon the making of the related Refinancing Term Loan (or conversion, exchange or roll of Refinanced Loan, as applicable).
Presenter: Dr. Siri Brown Resolution: Approve Agreement for Travel Related Services by Linden Travel for China and Jamaica Study Abroad Programs Consider Approval of Consent Agenda Items 5.1 - 5.4, 6.1 - 6.7, 7.1 - 7.4, 8.1 & 9.1 - 9.4 Motion by Julina Bonilla, second by Bill Withrow.
The 2020 Refinancing Term Commitment of each 2020 Refinancing Term Lender shall be automatically and permanently reduced to $0 upon the making of such 2020 Refinancing Term Loans pursuant to Section 2.01(e).
More Definitions of Refinancing Term Commitment
Refinancing Term Commitment means one or more Classes of term loan commitments hereunder to fund Refinancing Term Loans of the applicable Refinancing Series hereunder that result from a Refinancing Amendment.
Refinancing Term Commitment means any Lender’s or Additional Lender’s commitment to make any Refinancing Term Loans pursuant to Section 6.01(c).
Refinancing Term Commitment has the meaning assigned to that term in Section 2.14(a).
Refinancing Term Commitment of any Refinancing Term Lender will be the amount set forth opposite such Refinancing Term Lender’s name on Schedule 1A hereto.
Refinancing Term Commitment of any Refinancing Term A Lender will be the amount set forth opposite such Refinancing Term A Lender’s name on Schedule 1 hereto. On the Third Amendment Effective Date, the proceeds of the Refinancing Term A Loans shall be applied to refinance in full the Existing Term A Loans (the “Refinancing”).
Refinancing Term Commitment of any Refinancing Term Lender will be the amount set forth opposite such Refinancing Term Lender’s name on Schedule 1 hereto. On the Second Amendment Effective Date, the proceeds of the Refinancing Tranche B Term Loans shall be applied to prepay in full the Tranche B Term Loans outstanding on the Second Amendment Effective Date (immediately prior to the refinancing contemplated by this Second Amendment (the “Refinancing”)) (the “Existing Tranche B Term Loans”). Each Lender party hereto and the Administrative Agent hereby acknowledge that (i) the Borrower hereby provides notice under Section 2.26(a) of the Credit Agreement of its request for Refinancing Tranche B Term Loans to refinance in full the Existing Tranche B Term Loans and (ii) all notice requirements set forth in Section 2.26(a) of the Credit Agreement with respect to the Refinancing have been satisfied. For the avoidance of doubt, there shall be no amount payable under Section 2.13(c) of the Credit Agreement in connection with the Refinancing or the Prepayment.
Refinancing Term Commitment means the commitment of any Lender to provide one or more new Classes of Refinancing Term Loans established pursuant to a Refinancing Amendment in accordance with Section 2.20. “Refinancing Term Lender” means any Lender providing a Refinancing Term Loan in accordance with Section 2.20. “Refinancing Term Loans” has the meaning provided in Section 2.20(b). “Register” has the meaning provided in Section 11.06(c). “Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, trustees and advisors of such Person and of such Person’s Affiliates. “Release” means any release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge, dispersal, leaching or migration into or through the Environment or within, from or into any building, structure, facility or fixture. “Relevant Rate” means with respect to any Credit Extension denominated in (a) Dollars, SOFR or Term SOFR, (b) Xxxxxxxx, XXXXX and (c) Euros, EURIBOR, as applicable. “Reorganization Plan” has the meaning set forth in Section 11.06(k). “Replaced Term Loans” has the meaning provided in Section 11.01. “Replacement Amendment” has the meaning provided in Section 11.01. “Replacement Term Loans” has the meaning provided in Section 11.01. “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the notice period has been waived under applicable regulations. “Request for Credit Extension” means (a) with respect to a Borrowing of Loans (including Swingline Loans) or the conversion or continuation of Loans, a Loan Notice and (b) with respect to an L/C Credit Extension, an L/C Application. “Required Facility Lenders” means (a) with respect to the Term Loan Facility, the Required Term Lenders and (ii) with respect to the Revolving Credit Facility, the Required Revolving Credit Lenders. “Required Lenders” means, as of any date of determination, Lenders having more than 50% of the Aggregate Commitments or, if the Commitments shall have expired or been [Credit Agreement]