Definition of Term-1 Commitment


Term-1 Commitment means as to any Lender, the obligation of such Lender, if any, to make a Term-1 Loan to the Company on the Amendment No. 1 Effective Date, in a principal amount not to exceed the amount set forth opposite such Lender's name under the heading "Term-1 Commitment" on Schedule 1 to the Amendment No. 1 Lender Addendum delivered by such Lender, or, as the case may be, in the Assignment Agreement pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. On the Amendment No. 1 Effective Date, the aggregate amount of the Term-1 Commitments is $200,000,000.
Sample 1

Examples of Term-1 Commitment in a sentence

Each German Term Lender on the Closing Date made (x) a loan to the German-1 Borrower (each a German Term-1 Loan) in Euro in an amount equal to such German Term Lenders German Term-1 Commitment and (y) a loan to the German-2 Borrower (each a German Term-2 Loan and, collectively, together with the German Term-1 Loans, the German Term Loans) in Euro in an amount equal to such Lenders German Term-2 Commitment.
Additional U.S. Term-1 Commitment: with respect to the Additional U.S. Term-1 Lender, its commitment to make a U.S. Term-1 Loan on the Amendment No. 1 Effective Date in an amount equal to $1,180,000,000 minus the aggregate principal amount of Converted U.S. Term Loans of all Lenders.
Each Lender with a Delayed Draw Term-1 Commitment on the Amendment No. 1 Effective Date shall deliver to the Administrative Agent an Amendment No. 1 Lender Addendum duly executed by such Lender, the Company and the Administrative Agent.
Additional Term-1 Commitment means, with respect to the Additional Term-1 Lender, its commitment to make a Term-1 Loan on the Amendment No. 1 Effective Date in an amount equal to the principal amount of Initial Term Loans required to be repaid on the Amendment No. 1 Effective Date pursuant to Section 2.05(b)(vi).
Each Lender with a Term-1 Commitment on the Amendment No. 1 Effective Date shall deliver to the Administrative Agent an Amendment No. 1 Lender Addendum duly executed by such Lender, the Company and the Administrative Agent.