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
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.
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 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, with respect to each Lender, the commitment, if any, of such Lender to make Term Loans hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Term Loans to be made by such Lender hereunder. The amount of each Lender's Term Commitment is set forth on Schedule 2.01. The initial aggregate amount of the Lenders' Term Commitments is $30,000,000.
Term Commitment means either a Term AA-1 Commitment, Term A-2 Commitment, Term B-1 Commitment or a Term BB-2 Commitment or any term loan commitment established pursuant to an Additional Credit Extension Amendment.
Term Commitment means $8,000,000.
Term Commitment means subject to Sections 2.5, 2.6, 2.7 and 2.8, $75,000,000.