Term Commitment means, with respect to each Lender, the commitment of such Lender to make Term Loans hereunder on the Closing Date in the amount set forth on Annex I hereto or on Schedule 1 to the Assignment and Acceptance pursuant to which such Lender assumed its Term Commitment, as applicable, as the same may be (a) increased from time to time pursuant to Section 2.21 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 11.04. In addition, the Term Commitment of each Lender shall include any commitment to make Extended Term Loans or Specified Refinancing Term Loans. The aggregate principal amount of the Lenders' Term Commitments on the Closing Date is $628,375,000.
Term Commitment means as to any Lender, the obligation of such Lender, if any, to make a Term Loan Advance to the Borrower in a principal amount not to exceed the amount set forth under the heading "Term Commitment" opposite such Lender's name on Schedule 1.1.
Term Commitment means, with respect to each Term Lender, collectively its (a) Closing Date Term Commitment and (b) Incremental Term Commitment, if any.
Examples of Term Commitment in a sentence
The Term Commitment of each Term Lender shall be automatically and permanently reduced to $0 upon the making of such Term Lenders Term Loans pursuant to Section 2.01(a).
Subject to the terms and conditions hereof, each Term Lender severally agrees to make a term loan (a Term Loan) to the Borrower on the Closing Date in an amount not to exceed the amount of the Term Commitment of such Lender.
Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make a single loan to the Borrower on the Closing Date in an amount not to exceed such Term Lenders Term Commitment.
Subject to the terms and conditions set forth herein, each Term Lender severally agrees to make to the Borrower on the Closing Date loans denominated in Dollars in an aggregate amount not to exceed the amount of such Term Lenders Initial Term Commitment.
The Initial Term Commitment of each Term Lender of each Class shall be automatically and permanently reduced to $0 upon the funding of Initial Term Loans of such Class to be made by it on the Closing Date.
More definitions of Term Commitment
Term Commitment means any Tranche B Term Loan Commitment or Incremental Term Commitment, as applicable.
Term Commitment means Fifteen Million Dollars ($15,000,000).
Term Commitment means, subject to Sections 2.06 and 2.08, $500,000,000.