Term B Loan Commitment means, as to any Lender, the obligation of such Lender to make its Term B Loan on the Closing Date in the principal amount not to exceed the amount set forth opposite such Lender's name on Schedule 1 attached hereto and made a part hereof. The Borrower and the Lenders acknowledge and agree that the Term B Loan Commitments of the Lenders aggregate $50,000,000 on the Closing Date.
Term B Loan Commitment means a Canadian Term B Loan Commitment or U.S. Term B Loan Commitment, as the context may require.
Examples of Term B Loan Commitment in a sentence
Lender agrees to make (a) a Term A Loan to Borrower on the Closing Date in an amount equal to the Term A Loan Commitment as of the Closing Date, and (b) a Term B Loan to Borrower on the Closing Date in an amount equal to the Term B Loan Commitment as of the Closing Date.
Commitment means a Revolving Credit Commitment or Term B Loan Commitment.
Aggregate Term B Loan Commitment means the aggregate of the Term B Loan Commitments of all the Lenders.
Subject to the terms and conditions set forth herein, each Lender having a Term B Loan Commitment agrees to make Term B Loans to the Borrower in dollars on the Fourth Restatement Closing Date in an aggregate principal amount that will not result in such Lender's Term B Loan exceeding such Lender's Term B Loan Commitment.
Each Lenders obligation to fund the applicable Term Loan shall be limited to such Lenders Term A Loan Commitment or Term B Loan Commitment, as applicable, and no Lender shall have any obligation to fund any portion of any Term Loan required to be funded by any other Lender, but not so funded.