Term B-4 Loan Commitment means, with respect to each Incremental Lender, the commitment of such Incremental Lender to make Term B-4 Loans hereunder on the Incremental Effective Date. The principal amount of each Incremental Lender's Term B-4 Loan Commitment is set forth on Schedule 1 hereto, or in the Assignment and Acceptance pursuant to which such Incremental Lender shall have assumed its Term B-4 Loan Commitment, as applicable. The aggregate amount of the Term B-4 Loan Commitments of all Incremental Lenders as of the date of this Amendment is $1,000,000,000.
Examples of Term B-4 Loan Commitment in a sentence
The payment of such Closing Fee shall not reduce the principal amount of the Term B-4 Loan made by such Incremental Lender, and the disbursement of the proceeds of such Term B-4 Loan, exclusive of the amount of such Closing Fee, shall satisfy such Incremental Lender's Term B-4 Loan Commitment relating thereto in full.
Subject to the terms and conditions set forth herein, each Incremental Lender agrees to make Term B-4 Loans to the Borrower on the Incremental Effective Date in a principal amount not to exceed such Incremental Lender's Term B-4 Loan Commitment in accordance with the applicable procedures set forth in Article II of the Credit Agreement.