Definition of Term B-6 Commitment


Term B-6 Commitment means, as to each Replacement Term B-6 Lender, its obligation to provide Term B-6 Loans pursuant to Amendment No. 8 in an aggregate principal amount equal to such Replacement Term B-6 Lender's Replacement Term B-6 Loan Amount. "Term B-6 Lender" means, at any time, any Lender that has a Term B-6 Commitment or a Term B-6 Loan at such time. "Term B-6 Loan" means Replacement Term B-6 Loans made pursuant to Section 2.01(a)(iii)(E) and Amendment No. 8 on the Amendment No. 8 Effective Date. "Term B-6 Note" means a promissory note of the Borrower payable to any Term B-6 Lender or its registered assigns, in substantially the form of Exhibit C-8 attached to Annex 3 to Amendment No. 8, evidencing the aggregate Indebtedness of the Borrower to such Term B-6 Lender resulting from the Term B-6 Loans made by such Term B-6 Lender." (b) The definition of "Applicable Rate" is hereby amended by amending and restating clause (VI) thereof to read in its entirety as follows: "(VI) for all periods beginning on and after the Amendment No. 8 Effective Date, with respect to Term B-6 Loans, a percentage per annum equal to (i) for Eurocurrency Rate Loans, 5.50% and (ii) for Base Rate Loans, 4.50%; provided, however, that if the Effective Yield applicable to any Refinancing Term Loans, Extended Term Loans or Replacement Term Loans made, in each case, after the Amendment No. 8 Effective Date shall be greater than the applicable Effective Yield payable pursuant to the terms of this Agreement as amended through the date of such calculation with respect to Term B-6 Loans plus 50 basis points per annum, the Applicable Rate with respect to the Term B-6 Loans shall be increased so as to cause the then applicable Effective Yield under this Agreement on the Term B-6 Loans to equal the Effective Yield then applicable to such Refinancing Term Loans, Extended Term Loans or Replacement Term Loans, as applicable, minus 50 basis points; provided, further, however, that any increase in Effective Yield of the Term B-6 Loans due to the application of a Eurocurrency Rate or Base Rate floor on any Refinancing Term Loans, Extended Term Loans or Replacement Term Loans, as applicable, shall be effected solely through an increase in (or implementation of, as applicable) any Eurocurrency Rate or Base Rate floor applicable to the Term B-6 Loans." (c) The definition of "Assignment and Assumption" is hereby amended by replacing the reference to "Annex 4 to Amendment No. 5" contained therein with a reference to "Annex 3 to Amendment No. 8". (d) The definition of "Class" is hereby amended by replacing the references to "Term B-5 Lenders," "Term B-5 Commitments," and "Term B-5 Loans," in each case, contained therein with references to "Term B-6 Lenders," "Term B-6 Commitments," and "Term B-6 Loans," respectively. (e) The definition of "Committed Loan Notice" is hereby amended by replacing the reference to "Annex 4 to Amendment No. 5" contained therein with a reference to "Annex 3 to Amendment No. 8".
Sample 1

Examples of Term B-6 Commitment in a sentence

Each Term B-6 Lender severally agrees to make to the Borrower and the applicable Subsidiary Borrowers Term B-6 Loans denominated in Dollars on the First Amendment Effective Date in an aggregate principal amount not to exceed the Term B-6 Commitment of such Term B-6 Lender on the First Amendment Effective Date (as in effect immediately prior to giving effect to the funding and termination thereof on such date pursuant to Section 2.06(b)).