Term B-2 Loan Commitment means, as to any Lender, the obligation of such Lender to make its Term B-2 Loan on or before the Term B-2 Loan Commitment Termination Date in the principal amount not to exceed the amount set forth opposite such Lender's name on Schedule 1 attached hereto and made a part hereof.
Examples of Term B-2 Loan Commitment in a sentence
It is understood and agreed that in accordance with Section 2.06(b)(ii)(B), the aggregate Term B-2 Loan Commitment shall be permanently reduced on a Dollar for Dollar basis in an amount equal to the aggregate principal amount of the Private Placement Notes issued pursuant to the Private Placement Note Purchase Agreement on or prior to the Commitment Effective Date.
Subject to the last sentence of this clause (iii) and the other terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the Term B-2 Loan) to the Borrower on the Commitment Effective Date in an amount not to exceed such Lenders Term B-2 Loan Commitment.
Each Term B-2 Lender severally, and not jointly with the other Term B-2 Lenders, agrees, upon the terms and subject to the conditions herein set forth, to make a term loan denominated in Dollars (each a "Term B-2 Loan" and collectively the "Term B-2 Loans") to the Borrower on the Closing Date in an aggregate principal amount not to exceed the Term B-2 Loan Commitment of such Term B-2 Lender, which Term B-2 Loans shall be repaid in accordance with the provisions of this Agreement.
Subject to the terms and conditions set forth herein and in the Incremental Amendment No. 3 (including, for the avoidance of doubt, Section 3.2 hereof), each 2017 Incremental Term B-2 Lender agrees, severally and not jointly, to and shall make, on or prior to the date falling on the last day of the Certain Funds Period, a 2017 Incremental Term B-2 Loan in Dollars to the Borrower in a principal amount equal to such 2017 Incremental Term B-2 Lenders 2017 Incremental Term B-2 Loan Commitment.
The Term Commitment of each Term B-2 Lender with a Term B-2 Loan Commitment shall terminate on the Term B-2 Loan Commitment Termination Date.