Term B1 Commitment means, with respect to any Term B1 Lender at any time, the amount set forth opposite such Lenders name on Schedule I hereto under the caption Total Term B1 Commitment or, if such Lender has entered into one or more Assignment and Acceptances, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(d) as such Lenders Total Term B1 Commitment, as such amount may be reduced at or prior to such time pursuant to Section 2.06. Unless the context shall otherwise require, after the effectiveness of any Incremental Term Commitment, the term Term B1 Commitment shall include such Incremental Term Commitment.
Examples of Term B1 Commitment in a sentence
Subject to the terms and conditions hereof, each Lender with a Term B1 Commitment severally agrees to exchange its Existing Term Loans for a like principal amount in Dollars of Term B1 Loans on the Term B1 Facility Effective Date, and from and after the Term B1 Facility Effective Date such Existing Term Loans shall be deemed refinanced and repaid in full and such Term B1 Loans shall be deemed made hereunder.
Bank's Participation in the Term Facilities: (a) Bank's Term A1 Commitment Portion Transferred (b) Bank's Term A2 Commitment Portion Transferred (c) Bank's Term B1 Commitment Portion Transferred (d) Bank's Term B2 Commitment Portion Transferred (e) Bank's Term C Commitment Portion Transferred 5.
Additional Term B1 Lender means a Person with an Additional Term B1 Commitment to make Additional Term B1 Loans to the Borrower on the Term B1 Facility Effective Date, it being understood that an Additional Term B1 Lender may be a Term Lender.
The First Amendment Effective Date shall have occurred prior to 5:00 p.m. on the Term B1 Commitment Termination Date, and the Term B1 Facility Effective Date shall have occurred during the Term B1 Availability Period.
Aggregate Term B1 Commitment means the combined Term B1 Commitments of all of the Term B1 Lenders, in the initial aggregate amount of $115,000,000.