Definition of Term B-5 Commitment


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.
Sample 1

Examples of Term B-5 Commitment in a sentence

The Term B-5 Commitment of each Term B-5 Lender shall be automatically and permanently reduced to $0 upon the conversion of all or a portion of such Term B-5 Lenders Third Restatement Existing Term B-1 Loans and/or Third Restatement Existing Term B-4 Loans into Term B-5 Loans pursuant to Section 2.01(a)(iii)(C)(I) and Section 2.01(a)(iii)(C)(II), respectively.