Definition of Term B-1 Commitment

  1. 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.
  2. Term B-1 Commitment means a Dollar Term B-1 Commitment or a Euro Term B-1 Commitment.

Examples of Term B-1 Commitment in a sentence

  1. Immediately after the effectiveness of the First Amendment, each Lender having a Term B-1 Commitment severally agrees to make a Term B-1 Loan to the Borrower, which Term B-1 Loans shall not exceed, for any such Lender, the Term B-1 Commitment of such Lender.

Definition of Term B-1 Commitment in Credit Agreement

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.


Definition of Term B-1 Commitment in Collateral Agent

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.


Definition of Term B-1 Commitment in Amendment

Term B-1 Commitment means a Dollar Term B-1 Commitment or a Euro Term B-1 Commitment.