Definition of Term B-1 Loan Commitment

  1. Term B-1 Loan Commitment means with respect to each Term B-1 Lender, the commitment of such Term B-1 Lender to make Term B-1 Loans in Dollars as set forth in Section 2.01(d). The initial amount of each Lender's Term B-1 Loan Commitment is set forth on such Term B-1 Lender's signature page to Amendment No. 1 or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Term B-1 Loan Commitment, as applicable. The aggregate amount of the Term B-1 Commitments on the Amendment No. 1 Effective Date is $296,250,000.

Examples of Term B-1 Loan Commitment in a sentence

  1. Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the Term B-1 Loan) to the Borrower on the Commitment Effective Date in an amount not to exceed such Lenders Term B-1 Loan Commitment.

Definition of Term B-1 Loan Commitment in Credit Agreement

Term B-1 Loan Commitment means with respect to each Term B-1 Lender, the commitment of such Term B-1 Lender to make Term B-1 Loans in Dollars as set forth in Section 2.01(d). The initial amount of each Lender's Term B-1 Loan Commitment is set forth on such Term B-1 Lender's signature page to Amendment No. 1 or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Term B-1 Loan Commitment, as applicable. The aggregate amount of the Term B-1 Commitments on the Amendment No. 1 Effective Date is $296,250,000.


Definition of Term B-1 Loan Commitment in Loan and Security Agreement

Term B-1 Loan Commitment means, at any time, as to each Term B-1 Loan Lender, the principal amount set forth on Exhibit B to this Amendment No. 5 for such Lender or on Schedule 1 to the Assignment and Acceptance Agreement pursuant to which any Lender becomes a Term B-1 Loan Lender (or increases its Term B-1 Loan Commitment) after the Amendment No. 5 Effective Date in accordance with the provisions of Section 13.7 of the Loan Agreement, as the same may be adjusted from time to time in accordance with the terms hereof; sometimes being collectively referred to herein as "Term B-1 Loan Commitments"; provided, that, effective on the first day of each calendar month commencing with the first day of the month immediately following the Term B-1 Loan Funding Date, the Term B-1 Loan Commitment of each Term B-1 Loan Lender shall be decreased by the principal payments made in respect of the Term B-1 Loans in accordance with Section 2.1(b) of this Amendment No. 5 based on its Pro Rata Share so that the aggregate amount of the Term B-1 Loan Commitments equal the principal amount of the Term B-1 Loans then outstanding.


Definition of Term B-1 Loan Commitment in Facility Agreement

Term B-1 Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Term B-1 Loan on the Refinancing Date, expressed as an amount representing the maximum principal amount of the Term B-1 Loan to be made by such Lender, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The amount of each Lender's Term B-1 Loan Commitment on the Refinancing Date is the amount of its "New Term B-1 Loan Commitment" as defined in the 2015 Refinancing Facility Agreement. The initial aggregate amount of the Lenders' Term B-1 Loan Commitments on the Refinancing Date is $1,078,000,000.