Term B-1 Commitment definition

Term B-1 Commitment has the meaning set forth in Amendment No. 1.

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Term B-1 Commitment means, with respect to a Term Lender, the agreement of such Term Lender to exchange the entire principal amount of its Term B Loans (or such lesser amount allocated to it by the Arrangers) for an equal principal amount of Term B-1 Loans on the Amendment No. 1 Effective Date.

Term B-1 Commitment means the obligation of the Term B-1 Lender to make a Term B-1 Loan immediately following the Amendment No. 5 Effective Date in an aggregate principal amount equal to the excess of $509,559,558.07 over the aggregate principal amount of Converted New Term Loans.

Examples of Term B-1 Commitment in a sentence

The Term B-1 Commitment of each Term Lender shall be automatically and permanently reduced to $0 upon the making of such Term B-1 Lender’s Term Loans pursuant to Section 2.01(a).
Subject to the terms and conditions set forth herein and Amendment No. 1, each Term B-1 Lender with an Term B-1 Commitment severally agrees to make to the Borrower a single loan denominated in Dollars in a principal amount equal to such Term B-1 Lender’s Term B-1 Commitment on the Amendment No. 1 Effective Date.
Each Term B-1 Lender severally agrees to make to the Borrowers a single loan denominated in Dollars in a principal amount equal to such Term B-1 Lender’s Term B-1 Commitment on the Escrow Closing Date.
The New Term B-1 Commitment of each New Term B-1 Lender shall be automatically and permanently reduced to $0 upon the making of such New Term B-1 Lender’s New Term B-1 Loans pursuant to Section 2.01.
The Term B-1 Commitment of each Additional Term B-1 Lender shall be automatically terminated on the Amendment No. 1 Effective Date upon the borrowing of the Additional Term B-1 Loans on such date.

More Definitions of Term B-1 Commitment

Term B-1 Commitment means, as to any Term B-1 Lender, the obligation of such Term B-1 Lender to make Term B-1 Loans in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule I of the Incremental Assumption Agreement No. 1 or in the Assignment and Assumption or Incremental Assumption Agreement pursuant to which such Term B-1 Lender became a party hereto as the same may be changed from time to time pursuant to the terms of this Agreement (including as increased, extended or replaced as provided in Section 2.02, 2.19 and 2.20). The original aggregate amount of all Term B-1 Commitments is $800,000,000.

Term B-1 Commitment means, as to each Term B-1 Lender, its obligation to make a Term B-1 Loan to the Parent Borrower pursuant to Section 2.01 in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Term B-1 Commitment” or in the Assignment and Assumption pursuant to which such Term B-1 Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Term B-1 Commitments is $6,750,000,000.

Term B-1 Commitment means, with respect to a Term Lender, the agreement of such Term Lender to exchange the entire principal amount of its Term B Loans (or such lesser amount allocated to it by the Arrangers) for a principal amount of Term B-1 Loans equal to such entire principal amount (or such lesser amount) on the Amendment No. 1 Effective Date.

Term B-1 Commitment means, as to any Term B-1 Lender, the obligation of such Term B-1 Lender to make Term B-1 Loans in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule I of Increase Joinder No. 1 or in the Assignment and Assumption pursuant to which such Term B-1 Lender became a party hereto as the same may be changed from time to time pursuant to the terms of this Agreement (including as increased, extended or replaced as provided in Section 2.18, 2.19 and 2.21). The original aggregate amount of all Term B-1 Commitments is $1,500,000,000.

Term B-1 Commitment means, as to each Term B-1 Lender, its obligation to make a Term B-1 Loan to US Borrower pursuant to Section 2.01(a)(ii) in an aggregate amount not to exceed the amount set forth opposite such Term B-1 Lender’s name on Schedule 2.01 under the caption “Term B-1 Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate amount of the Term B-1 Commitments as of the Closing Date is $800,000,000.

Term B-1 Commitment means, with respect to each Term B-1 Lender, such Term B-1 Lender’s commitment to make Term B-1 Loans to the Borrower in accordance with Amendment No. 5.

Term B-1 Commitment means, with respect to any Term B-1 Lender at any time, the amount set forth in the Lender Addendum delivered by such Term B-1 Lender under the caption “Term B-1 Commitment” or, if such Lender has entered into one of more Assignment and Acceptances, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Lender’s “Term B-1 Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05. The aggregate Term B-1 Commitments are (before giving effect to any reduction pursuant to Section 2.05) $800 million.