Definition of Term-1 Commitment

  1. 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.

Examples of Term-1 Commitment in a sentence

  1. 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.

Definition of Term-1 Commitment in Amendment

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.