Term B-4 Commitments definition

Term B-4 Commitments means, as to each Lender, its obligation to make a Term B-4 Loans to the Parent Borrower pursuant to Section 2.1(a) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name in Schedule 1.01 (as in effect on the Escrow Release Date) under the caption “Term B-4 Commitment” or in the Assignment and Acceptance 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 (including Section 2.8). The initial aggregate amount of the Term B-4 Commitments is $3,609,000,000.
Term B-4 Commitments. (i) the obligation of the Term B-4 Lenders to make Term B-4 Loans to the Company Borrower on the Amendment No. 4 Effective Date in the amount set forth opposite each Term B-4 Lender’s name on Schedule 2.01 to Amendment No. 4.4 and (ii) the Additional Term B-4 Commitments. “Term B-4 Lender”: at any time, any Lender that has a Term B-4 Commitment or a Term B-4 Loan at such time. “Term B-4 Loans”: (i) a Term B-4 Loan made pursuant to Amendment No. 4.4 and (ii) an Additional Term B-4 Loan made pursuant to Amendment No. 5. “Term Priority Collateral”: as defined in the ABL-Term Intercreditor Agreement; provided, that the Term Priority Collateral shall not include any Excluded Assets. “Title Policy”: a lender’s policy of title insurance utilizing the American Land Title Association 2006 Form extended coverage, or such other form as is reasonably acceptable to the Administrative Agent or, if applicable, a binding marked commitment to issue such policy with a final policy to be dated the date of recording of the Mortgages, issued by a title company selected by the Company Borrower and reasonably acceptable to the Administrative Agent, insuring the Lien of the applicable Mortgage in an amount at least equal to the Fair Market Value of such real property (or such lesser amount as shall be agreed to by the Administrative Agent in its reasonable discretion) in favor of the Administrative Agent for the benefit of the Secured Parties, subject only to those exceptions which are either Permitted Liens or are otherwise reasonably approved by the Administrative Agent and containing such endorsements as the Administrative Agent shall reasonably require. “Total Assets”: the total consolidated assets of the Company Borrower and its Restricted Subsidiaries, as shown on the most recent consolidated or combined, as applicable, balance sheet of the -67-
Term B-4 Commitments means the aggregate U.S. Term B-4 Commitments of all U.S. Term B-4 Lenders, which amount, initially as of the Incremental Amendment No. 8 Effective Date, shall be $900.0 million. “U.S. Term B-4 Lender” means each Lender that has a U.S. Term B-4 Commitment or that is a holder of U.S. Term B-4 Loans.

Examples of Term B-4 Commitments in a sentence

  • The aggregate principal amount of the Exchanged U.S. Term B-3 Loans plus the aggregate principal amount of the Additional U.S. Term B-4 Commitments shall equal the aggregate principal amount of the outstanding U.S. Term B-3 Loans immediately prior to the Amendment No. 8 Effective Date.

  • The aggregate amount of the Term B-4 Commitments shall equal $1,427,000,000.

  • The aggregate amount of the Additional Term B-4 Commitments of all Additional Term B-4 Lenders shall equal $499,971,475.88.

  • Each Additional U.S. Term B-4 Lender, the Borrower and the Administrative Agent acknowledge and agree that the Additional U.S. Term B-4 Commitment provided pursuant to this Agreement shall constitute Additional U.S. Term B-4 Commitments for all purposes of the Loan Agreement and the other applicable Loan Documents.

  • Each Additional Term B-4 Lender, the Parent Borrower, each other Co-Borrower and the Administrative Agent acknowledge and agree that the Additional Term B-4 Commitments provided pursuant to this Agreement shall constitute Term B-4 Commitments for all purposes of the Credit Agreement and the other applicable Loan Documents.

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  • Overall Laundry Services, LLC Delaware Schedule 1 U.S. Term B-4 Commitments Lenders U.S. Term X-0 Xxxxxxxxxxx Xxxxxx Xxxxxx XX, Xxxxxx Xxxxxxx Branch $900,000,000 Total $900,000,000 Exhibit A [attached] EXHIBIT A TO INCREMENTAL AMENDMENT NO.

  • The Additional Term B-4 Commitments provided pursuant to this Agreement shall be subject to all of the terms in the Credit Agreement and to the conditions set forth in the Credit Agreement, and shall be entitled to all the benefits afforded by the Credit Agreement and the other Loan Documents, and shall, without limiting the foregoing, benefit equally and ratably from the Guarantees and security interests created by the Collateral Documents.

  • For the avoidance of doubt, the Term B-4 Commitments constitute either Refinancing Term Commitments or Incremental Commitments.

  • The aggregate amount of the Term B-4 Commitments on the Amendment No. 4 Effective Date is $440,000,000.


More Definitions of Term B-4 Commitments

Term B-4 Commitments. (i) the obligation of the Term B-4 Lenders to make Term B-4 Loans to the Company Borrower on the Amendment No. 4 Effective Date in the amount set forth opposite each Term B-4 Lender’s name on Schedule 2.01 to Amendment No. 4 and (ii) the Additional Term B-4 Commitments. “Term B-4 Lender”: at any time, any Lender that has a Term B-4 Commitment or a Term B-4 Loan at such time. “Term B-4 Loans”: (i) a Term B-4 Loan made pursuant to Amendment No. 4 and (ii) an Additional Term B-4 Loan made pursuant to Amendment No. 5. “Term Priority Collateral”: as defined in the ABL-Term Intercreditor Agreement; provided, that the Term Priority Collateral shall not include any Excluded Assets. “Term SOFR” means: (a) for any Interest Period with respect to a Term SOFR Loan, the rate per annum equal to the Term SOFR Screen Rate two U.S. Government Securities Business Days prior to the commencement of such Interest Period with a term equivalent to such Interest Period; provided that if the rate is not published prior to 11:00 a.m. on such determination date then Term SOFR means the Term SOFR Screen Rate on the first U.S. Government Securities Business Day immediately prior thereto, in each case, plus the SOFR Adjustment for such Interest Period; and - 70-

Related to Term B-4 Commitments

  • Term Commitments means a Term B Commitment or a commitment in respect of any Incremental Term Loans or any combination thereof, as the context may require.

  • Term B Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Term B Loans hereunder. The amount of each Lender’s Term B Loan Commitment as of the Closing Date is set forth on Schedule 2.01. The aggregate amount of the Term B Loan Commitments as of the Closing Date is $4,700.0 million.

  • Revolving Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment as of the Closing Date is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Closing Date is $75,000,000. The Revolving Commitment of each Lender will be equal to zero on the Revolving Commitment Termination Date.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Existing Revolving Commitments has the meaning assigned to such term in Section 2.27(a).

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Term A Commitment means, as to each Term A Lender, its obligation to make Term A Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term A Lender’s name on Schedule 2.01 under the caption “Term A Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term A Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Other Revolving Commitments means one or more Classes of revolving credit commitments hereunder or extended Revolving Commitments that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Term B Commitment means, as to each Term B Lender, its obligation to make Term B Loans to the Company pursuant to Section 2.01(b) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Term B Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term B Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term Facility Commitment means the commitment of a Lender to make Term Loans, including Term B Loans and/or Other Term Loans.

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being €30,000,000 at the date of this Agreement.

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • Term Commitment means as to any Lender, the obligation of such Lender, if any, to make a Term Loan Advance to the Borrower in a principal amount not to exceed the amount set forth under the heading “Term Commitment” opposite such Lender’s name on Schedule 1.1.

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption 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.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).