Term Commitment definition

Term Commitment means, as to each Term Lender, its obligation to make Term Loans to the Borrowers pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term Lender’s name on Schedule 2.01 under the caption “Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.
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 as to any Lender, the obligation of such Lender, if any, to make a Term Loan 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 1.1A. The original aggregate amount of the Term Commitments is $150,000,000.

Examples of Term Commitment in a sentence

  • The amount of each Euro Term Lender’s Euro Term Commitment is set forth on Schedule 2.01 under the caption “Euro Term Commitment”.

  • The amount of each U.K. Term Lender’s U.K. Term Commitment is set forth on Schedule 2.01 under the caption “U.K. Term Commitment”.

  • Each 2024 Refinancing Term Commitment will terminate in full upon the making of the related 2024 Refinancing Term Loan (or conversion, exchange or roll of the related Refinanced Term Loan, as applicable).

  • In addition to any consent required by Section 10.07(b) of the Credit Agreement, any assignment of an Incremental Term Commitment, Delayed Draw Commitment or Incremental Term Loan must be approved by the Borrower if such assignment is to a Term Lender under any other Term Facility (such approval not to be unreasonably withheld or delayed) so long as no Event of Default has occurred and is continuing.

  • The amount of each U.S. Term Lender’s U.S. Term Commitment is set forth on Schedule 2.01 under the caption “U.S. Term Commitment”.


More Definitions of Term Commitment

Term Commitment means either a Term A Commitment or a Term B Commitment.
Term Commitment means, as to each Term Lender, its obligation to make a Term Loan to the Borrower hereunder, expressed as an amount representing the maximum principal amount of the Term Loan to be made by such Term Lender under this Agreement, as such commitment may be (a) reduced from time to time pursuant to Section 2.06 and (b) reduced or increased from time to time pursuant to (i) assignments by or to such Term Lender pursuant to an Assignment and Assumption, (ii) an Incremental Amendment, (iii) a Refinancing Amendment or (iv) an Extension.
Term Commitment means as to any Lender (a) the amount set forth opposite such Lender’s name on Schedule I hereto as such Lender’s “Term Commitment” or (b) if such Lender has entered into any Assignment and Acceptance, the amount set forth for such Lender in the Register maintained by the Agent pursuant to Section 8.07(d) as such Lender’s “Term Commitment”, as such amount may be reduced pursuant to Section 2.05.
Term Commitment means, as to each Term Lender, its obligation to make Term Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one (1) time outstanding not to exceed the amount set forth opposite such Term Lender’s name on Schedule 2.01 under the caption “Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The Term Commitments of all of the Term Lenders on the Closing Date shall be $70,000,000.
Term Commitment means any Term A Commitment or Incremental Term Commitment, as applicable.
Term Commitment means, as to each Term Lender, its obligation to make a Term Loan to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term Lender’s name on Schedule 2.01 under the caption “Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. “Term Commitments” means the aggregate amount of such commitments of all Term Lenders.
Term Commitment means any Initial Term Commitment and any Additional Term Loan Commitment.