Definition of Term B Funded Loan Commitment


Term B Funded Loan Commitment means the commitment of a Lender to make a Term B Funded Loan to the Borrowers pursuant to subsection 2.1A(ii) of this Agreement, and "Term B Funded Loan Commitments" means such commitments of all Lenders in the aggregate.
Sample 1

Examples of Term B Funded Loan Commitment in a sentence

Each Lender's Term B Funded Loan Commitment shall expire following the making of the Term B Funded Loans on the Closing Date.
No Term B Funded Loan Lender shall be permitted or required to make any Term B Funded Loan if, after giving effect thereto, the aggregate outstanding principal amount of all Term B Funded Loans of such Term B Funded Loan Lender would exceed such Lender's Term B Funded Percentage of the then existing Term B Funded Loan Commitment Amount.
In a single borrowing, on the Closing Date, each Lender that has a Term B Funded Loan Commitment (referred to as a "Term B Funded Loan Lender"), agrees that it will severally make loans (relative to such Lender, its "Term B Funded Loans") to any Borrower equal to such Lender's Term B Funded Percentage of the aggregate amount of the borrowing of the Term B Funded Loans requested by such Borrower to be made on such day.