Examples of Term B-5 Commitment in a sentence

Subject to the terms and conditions set forth herein and in the Amended Credit Agreement, on the Closing Date each Additional Term B-5 Facility Lender severally agrees to make Term B-5 Loans to the Original Co-Borrower in cash in an aggregate principal amount equal to its Term B-5 Commitment, in accordance with the terms of the Amended Credit Agreement.
The obligation of each Additional Term B-5 Facility Lender to fund its Term B-5 Loans under its Term B-5 Commitment is subject to the satisfaction, or waiver by the Administrative Agent (acting on the instructions of the Additional Term B-5 Facility Lenders), of the conditions set out on Schedule 4 to this Joinder Agreement.
Section 2.06(b) of the Existing Credit Agreement shall be amended by inserting the following new clause (iii) thereof: (iii) The aggregate initial Term B-5 Commitments (and the Term B-5 Commitment of each Lender with such a Commitment) shall terminate in its entirety (to the extent not theretofore terminated) on the Incremental B-5 Effective Date (after giving effect to any incurrence of Term B-5 Loans on such date).
The aggregate principal amount of the Term B-5 Commitment of each Additional Term B-5 Facility Lender is set forth opposite its name on Schedule 1 to this Joinder Agreement.

More Definitions of Term B-5 Commitment

Term B-5 Commitment means the Additional Term B-5 Commitment and the Term B-5 Exchange Commitments. After giving effect to Amendment No. 6, on the Amendment No. 6 Effective Date, the aggregate amount of the Term B-5 Commitments shall be $632,617,132.97.

Term B-5 Commitment means, with respect to a Person, the Incremental Commitment of such Person to make an Incremental Term Loan on the Amendment No. 6 Effective Date in the aggregate principal amount set forth on the Amendment No. 6 Joinder of such Person. For the avoidance of doubt, the Term B-5 Commitments constitute Incremental Commitments. The aggregate amount of the Term B- 5 Commitments shall equal $600,000,000. “Term B-5 Lender” means a Person with a Term B-5 Commitment to make Term B-5 Loans to the Borrower on the Amendment No. 6 Effective Date, which for the avoidance of doubt may be an existing Term Lender and any other Person holding a Term B-5 Loan from time to time. “Term B-5 Loan” means a Loan that is made pursuant to Section 2.01(f) of this Agreement on the Amendment No. 6

Term B-5 Commitment means, as to each Lender, its obligation to convert all or a portion of its (i) Term B-1 Loans into a Term B-5 Loan pursuant to Section 2.01(a)(iii)(C)(I) on the Third Restatement Effective Date in an aggregate principal amount equal to such Extending Term B-1/B-5 Lender’s Term B-5 Loan Amount and/or (ii) Term B-4 Loans into a Term B-5 Loan pursuant to Section 2.01(a)(iii)(C)(II) immediately following the Term B-5 Payment on the Third Restatement Effective Date in an aggregate principal amount equal to such Extending Term B-4/B-5 Lender’s Term B-5 Loan Amount.

Term B-5 Commitment means, as to each Lender, (x) its obligation to convert all or a portion of its (i) Term B-1 Loans into a Term B-5 Loan pursuant to Section 2.01(a)(iii)(C)(I) on the Third Restatement Effective Date in an aggregate principal amount equal to such Extending Term B-1/B-5 Lender’s Term B-5 Loan Amount and/or (ii) Term B-4 Loans into a Term B-5 Loan pursuant to Section 2.01(a)(iii)(C)(II) immediately following the Term B-5 Payment on the Third Restatement Effective Date in an aggregate principal amount equal to such Extending Term B-4/B-5 Lender’s Term B-5 Loan Amount and/or (y) its obligation to provide Term B-5 Loans pursuant to Amendment No. 7 in an aggregate principal amount equal to such Refinancing Term B-5 Lender’s Refinancing Term B-5 Loan Amount.

Term B-5 Commitment means, as to each Term B-5 Lender, its obligation to make a Term B-5 Loan to US Borrower pursuant to Section 2.01(a)(v)(B) in an aggregate amount not to exceed the amount set forth opposite such Term B-5 Lender’s name on Schedule 2.01B under the caption “Term B-5 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 aggregate amount of the Term B-5 Commitments as of the Amendment No. 1 Effective Date is $50,000,000.

Term B-5 Commitment as to any Lender, its obligation to make Term B-5 Loans to the U.S. Borrower and the Netherlands Borrower pursuant to Subsection 2.1(b) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule A hereto under the heading “Term B-5 Commitment”; collectively, as to all the Lenders with a Term B-5 Commitment, the “Term B-5 Commitments.” The original aggregate principal amount of the Term B-5 Commitments on the Amendment No. 5 Effective Date is $400,000,000.