Term Loan A-3 Commitment means, as to each Lender, its obligation to make its portion of the Term Loan A-3 to the Borrower on the Third Amendment Effective Date pursuant to Section 2.01(d), in the principal amount set forth opposite such Lender’s name on Schedule 2.01; provided that if the Term Loan A-3 is not drawn on or before the earlier of (a) 30 days after the Third Amendment Effective Date and (b) October 10, 2015, the Term Loan A-3 Commitment shall expire. The aggregate principal amount of the Term Loan A-3 Commitments of all Lenders as in effect on the Third Amendment Effective Date is $125,000,000.
Term Loan A-3 Commitment means, as to each Lender, its obligation to make Term Loan A-3 Advances to the Borrowers pursuant to Section 2.01(d), in an aggregate original principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1.01A-2 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Term Loan A-3 Commitments as of the Closing Date is equal to the Term Loan A-3 Maximum Availability Amount.
Term Loan A-3 Commitment means, as to any Lender at any time, the amount initially set forth opposite its name on Schedule 1.1(A), as such Commitment is thereafter assigned or modified and “Term Loan A-3 Commitments” means the aggregate Term Loan A-3 Commitments of all of the Term Loan A-3 Lenders. The aggregate amount of Term Loan A-3 Commitments on the Third Amendment Effective Date is $225,000,000.
Examples of Term Loan A-3 Commitment in a sentence
Each Term Loan A-3 Lender hereby agrees to, severally and not jointly, provide to the Successor Borrower its Term Loan A-3 Commitment set forth on Schedule 1 attached hereto opposite the name of such Term Loan A-3 Lender under the heading “Term Loan A-3” (the “Term Loan A-3 Commitment”), subject to the terms and conditions of this Amendment and the Amended Credit Agreement (the “Term Loan A-3 Facility”).
More Definitions of Term Loan A-3 Commitment
Term Loan A-3 Commitment means, as to each Lender, its obligation to make its portion of the Term Loan A-3 to Interface Netherlands Manufacturing pursuant to Section 2.01(d), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term Loan A-3 Commitments of all of the Lenders as in effect on the Signing Date is Sixty Million Euros (€60,000,000).