Definition of Term B-4 Commitment


Term B-4 Commitment means, with respect to a Term B-3 Lender, the agreement of such Term B-3 Lender to exchange the entire principal amount of its Term B-3 Loans (or such lesser amount allocated to it by the Amendment No. 5 Arrangers) for an equal principal amount of Term B-4 Loans on the Amendment No. 5 Effective Date.

Examples of Term B-4 Commitment in a sentence

Term B-4 Commitment means, as to each Term B-4 Lender, its obligation to make a Term B-4 Loan to PR Borrower pursuant to Section 2.01(a)(vi)(C) in an aggregate amount not to exceed the amount set forth opposite such Term B-4 Lenders name on Schedule 2.01B under the caption Term B-4 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 Term B-4 Commitment of each Term B-4 Lender shall be automatically and permanently reduced to $0 upon the conversion of all or a portion of such Term B-4 Lenders Second Restatement Existing Term B-1 Loans into Term B-4 Loans pursuant to Section 2.01(a)(iii)(B).
The Term B-4 Commitment of each Term B-4 Lender was automatically and permanently reduced to $0 upon the conversion of all or a portion of such Term B-4 Lenders Second Restatement Existing Term B-1 Loans into Term B-4 Loans pursuant to Section 2.01(a)(iii)(B).
New Term Loan Commitment means a Term A-1 Commitment, a Term B-3 Commitment or a Term B-4 Commitment, as the context may require.