Series B Commitment definition

Series B Commitment means, for each Series B Lender, the obligation of such Lender to make Series B Loans in an aggregate amount at any one time outstanding up to but not exceeding the amount set opposite the name of such Lender on Annex 1 hereto under the caption "Series B Commitment" (as the same may be reduced from time to time pursuant to Section 2.04 hereof or increased or reduced from time to time pursuant to Section 11.06 hereof). The original aggregate principal amount of the Series B Commitments is $100,000,000.
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Series B Commitment means $0.
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Series B Commitment means, with respect to each Purchaser, the amount set forth opposite such Purchaser's name in Annex I directly below the column entitled "Series B Commitment," as the same may be reduced from time to time pursuant to Section 2.02.
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Examples of Series B Commitment in a sentence

  • The Facility Fee shall be payable monthly in arrears on each Settlement Date with respect to the prior Collection Period and shall be forwarded by the Facility Agent to (i) the Series A Bank based on the available Series A Commitment and the Facility Fee Rate applicable to the Series A Bank's Commitment, and (ii) ratably to the Series B Banks according to their Pro Rata Shares of the available Series B Commitment and the Facility Fee Rate applicable to each Series B Bank's Commitment.

  • Subject to the terms and conditions of this Loan Agreement, on the Funding Date the Original Series A Lender shall make a loan to the Borrower in the principal amount equal to the Series A Commitment, and the Original Series B Lender shall make a loan to the Borrower in the principal amount equal to the Series B Commitment.

  • As evidence of the loan advanced by the Original Series B Lender, on the Funding Date the Borrower shall issue and deliver to the Original Series B Lender, as provided hereunder, a Series B Note payable to the Original Series B Lender in an original principal amount equal to the amount of the Series B Commitment.

  • Each Lender having a Series B Commitment severally agrees, subject to the terms and conditions hereinafter set forth, to make Series B Advances to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date in an aggregate amount not to exceed such Lender's Series B Commitment at such time.

  • After giving effect to the requested loan and to each outstanding Series B Revolving Loan, the aggregate principal amount of all Series B Revolving Loans outstanding shall not exceed the Series B Commitment Amount.


More Definitions of Series B Commitment

Series B Commitment means the amount set forth in Schedule 3 to this Agreement.
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Series B Commitment means, with respect to any Lender, its commitment to make such portion of the Series B Loan as is set forth on its signature page hereto.
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Series B Commitment the obligation of ING to make Series B Revolving Loans hereunder."
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Series B Commitment means the commitment of a Lender to make Series B Advances pursuant to Section 2.01(b) hereof, and "SERIES B COMMITMENTS" means such commitments of all Lenders in the aggregate.
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Series B Commitment means the commitment of a Lender to make Series B Advances pursuant to Section 2.01(b) hereof, and "Series B Commitments" means such commitments of all Lenders in the aggregate.
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Series B Commitment means, with respect to each Limited Partner that is a party to a Series B Subscription Agreement, the aggregate amount of cash agreed to be contributed to the Partnership as a Capital Contribution by such Limited Partner, as specified in such Limited Partner’s Series B Subscription Agreement.
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Series B Commitment means the amount set forth in Schedule 4 hereof.
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