Term Loan B Commitment definition

Term Loan B Commitment means, with respect to each Lender, the commitment of such Lender to make the Term Loan B to the Borrowers in the amount set forth in Schedule 1.01(A) hereto or in the Assignment and Acceptance pursuant to which such Lender became a Lender under this Agreement, as the same may be terminated or reduced from time to time in accordance with the terms of this Agreement.

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Term Loan B Commitment means, with respect to each Term Loan B Lender, the commitment of such Term Loan B Lender to make its portion of the Term Loan B in a principal amount equal to such Term Loan B Lender’s Term Loan B Commitment Percentage of the Term Loan B Committed Amount.

Term Loan B Commitment means the obligation hereunder of the Term Loan B Lenders to make a Term Loan B in the original principal amount of $10,000,000, with each Term Loan B Lender’s obligation to participate therein being in the amount set forth opposite such Term Loan B Lender’s name under the column headed “Term Loan B Commitment” as set forth on Schedule 1 hereto (as such amounts may be reduced by the amounts of any payments applied thereto).

Examples of Term Loan B Commitment in a sentence

• The Administrative Agent shall promptly notify each Lender as to the effectiveness of the Term Loan B Commitment Amendment.

• In no event shall any Lender be obligated hereunder to provide an additional Revolving Credit Commitment, Term Loan A Commitment and/or Term Loan B Commitment.

• Each Lender who desires to provide an additional Revolving Credit Commitment, Term Loan A Commitment and/or Term Loan B Commitment, as applicable, upon such terms shall provide Administrative Agent with a written commitment letter specifying the amount of the additional Revolving Credit Commitment, Term Loan A Commitment and/or Term Loan B Commitment, as applicable, which it is willing to provide prior to such deadline as may be specified in the Additional Commitment Request Notice.

• If the Borrower agrees to pay the facility fees so determined, then the Administrative Agent shall send a notice to all Revolving Credit Lenders, Term Loan A Lenders or Term Loan B Lenders, as applicable, (the “Additional Commitment Request Notice”) informing them of the Borrower’s request to increase the Aggregate Revolving Credit Commitment, Term Loan A Commitment and/or Term Loan B Commitment, as applicable, and of the facility fees to be paid with respect thereto.

• Any partial termination of the Aggregate Revolving Credit Commitment, the aggregate Term Loan A Commitments or the aggregate Term Loan B Commitments shall be applied to reduce each Lender’s Revolving Credit Commitment, Term Loan A Commitment or Term Loan B Commitment, as the case may be, on a pro rata basis.

More Definitions of Term Loan B Commitment

Term Loan B Commitment means (a) as to any Term Loan B Lender, the commitment of such Term Loan B Lender to make its Pro Rata Share of the Term Loan B as set forth on ANNEX J to the Agreement or in the most recent Assignment Agreement executed by such Term Loan B Lender, and (b) as to all Term Loan B Lenders, the aggregate commitment of all Term Loan B Lenders to make the Term Loan B, which aggregate commitment shall be Seven Million Dollars ($7,000,000) on the Closing Date. After advancing the Term Loan B, each reference to a Lender's Term Loan B Commitment shall refer to that Lender's Pro Rata Share of the outstanding Term Loan B.

Term Loan B Commitment means, with respect to each Term Loan B Lender, the commitment, if any, of such Term Loan B Lender to make a Term Loan B Advance hereunder on the Closing Date or, if the Company so elects, the Merger Date. The initial aggregate amount of the Term Loan B Lenders’ Commitments on the Closing Date was $500,000,000.

Term Loan B Commitment means (a) as to any Lender, the commitment of such Lender to make its Pro Rata Share of the Term Loan B as set forth in the signature page to the Agreement or in the most recent Assignment Agreement executed by such Lender, and (b) as to all such Lenders, the aggregate commitment of all Lenders to make the Term Loan B, which aggregate commitment shall be Three Million Dollars ($3,000,000.00) on the Closing Date.

Term Loan B Commitment shall have the meaning ascribed to such term in Section 2.1A.

Term Loan B Commitment means a commitment to make a loan pursuant to Section 2.1(b) on the Amendment No. 2 Effective Date in the aggregate principal amount of $3,750,000. The Term Loan B Commitment shall terminate upon the making of the Term Loan B.”

Term Loan B Commitment as to any Lender, the obligation of such Lender, if any, to make a Term B Loan to the Term Loan Borrower hereunder in a principal amount not to exceed the amount set forth under the heading “Term Loan B Commitment” opposite such Lender’s name on Schedule 2.1. The original aggregate amount of the Term Loan B Commitments as of the Closing Date is $750.0 million.

Term Loan B Commitment means the several obligations of the Lenders to advance to the Borrower, in accordance with their respective Commitment Ratios, an aggregate sum of up to $200,000,000.00, pursuant to the terms hereof.