Term B1 Loan Commitment means, with respect to each Term Bi Loan Lender, the agreement of such Lender to make Term Bi Loans to the Borrower during the Term Loan Availability Period. The initial amount of each Lender's Term Bi Loan Commitment is set forth on Schedule 2.1. The aggregate original amount of the Term B 1 Loan Commitments is $40,000,000.
Examples of Term B1 Loan Commitment in a sentence
Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the Term B-1 Loan) to the Borrower on the Commitment Effective Date in an amount not to exceed such Lenders Term B-1 Loan Commitment.
Additional Term B-1 Loan Commitment means the Additional Term B-1 Lenders commitment to make on the Amendment No. 1 Effective Date a Domestic Term B-1 Loan in an aggregate principal amount equal to $675,000,000 minus the aggregate principal amount of the Rollover Domestic Term Loans of all Cashless Option Lenders.
Subject to the terms and conditions hereof and of Amendment No. 1, the Term B-1 Loan Lenders severally and not jointly, agree to make term loans in Dollars (each, a "Term B-1 Loan") to the Company on the Amendment No. 1 Effective Date pursuant to Amendment No. 1 in an amount for each Term B-1 Loan Lender not to exceed the amount of the Term B-1 Loan Commitment of such Lender.
As set forth in Section 2.01(b)(ii) of Credit Agreement as amended by this Amendment, each Term Lender with a Term B-2 Loan Commitment shall be deemed, upon the Term B-2 Facility Effective Date, to have exchanged its Term B-1 Loan Commitment and Term B-1 Loan for a Term B-2 Commitment and Term B-2 Loan in the same aggregate principal amount as such Lender's outstanding Term B-1 Loan as in effect immediately prior to the Term B-2 Facility Effective Date.
Additional Term B-1 Lender means Morgan Stanley Senior Funding, Inc., in its capacity as Term Lender with respect to the Additional Term B-1 Loan Commitment.