Tranche 3 Commitment means as to any Lender, the obligation of such Lender, if any, to make a Term Loan Advance to Borrower in a principal amount not to exceed the amount set forth under the heading Tranche 3 Commitment opposite such Xxxxxx’s name on Schedule 1.1.
Tranche 3 Commitment means, with respect to each Tranche 3 Lender, the amount set forth opposite such Tranche 3 Lender’s name on Schedule 2.01 hereto under the heading “Tranche 3 Commitment”, as the same may be (x) reduced or terminated pursuant to Sections 2.08 and or Article VIII, (y) increased from time to time pursuant to Section 2.21 or (z) adjusted from time to time as a result of assignment to or from such Tranche 3 Lender pursuant to Section 10.04(b).
Tranche 3 Commitment means as to any Lender, the commitment of such Lender to make an Advance pursuant to Section 2.01(c), as such commitment may be reduced from time to time pursuant to the terms hereof. The initial amount of each Lender’s Tranche 3 Commitment is (a) the amount set forth in the column labeled “Tranche 3 Commitment” opposite such Lender’s name on Schedule I hereto, 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 Administrative Agent pursuant to Section 9.07(d), as such amount may be reduced pursuant to Section 2.05. As of the Effective Date, the aggregate amount of the Tranche 3 Commitments is $7,500,000,000 as such amount may be reduced in accordance with Section 2.05 or 6.01.
Examples of Tranche 3 Commitment in a sentence
In the event that the Borrower fails to achieve the First Milestone on the First Milestone Test Date, each of the Tranche 1 Commitment, the Tranche 2 Commitment and the Tranche 3 Commitment shall (subject to Section 3 below) be automatically terminated, effective immediately after the First Milestone Test Date.
In the event that the Borrower fails to achieve the Third Milestone on the Third Milestone Test Date, the Tranche 3 Commitment shall (subject to Section 3 below) be automatically terminated, effective immediately after the Third Milestone Test Date.
In the event that the Borrower fails to achieve the Second Milestone on the Second Milestone Test Date, the Tranche 2 Commitment and the Tranche 3 Commitment shall (subject to Section 3 below) be automatically terminated, effective immediately after the Second Milestone Test Date.
More Definitions of Tranche 3 Commitment
Tranche 3 Commitment shall have the meaning set forth in Section 2.04(a) hereof.
Tranche 3 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 “Tranche 3 Commitment” opposite such Lender’s name on Schedule 1.1.
Tranche 3 Commitment as defined in Section 2.01 hereof. --------------------------------- Borrower's Initials: Lender's Initials: ---------------------------------
Tranche 3 Commitment means an amount of up to £2,000,000. “Total Liabilities” on any day, obligations that should, under IFRS, be classified as liabilities on the Borrowing Group’s consolidated balance sheet, including all Indebtedness, and the current portion of Subordinated Debt permitted by the Bank to be paid by the Borrowing Group, but excluding all other Subordinated Debt.
Tranche 3 Commitment means any Term Tranche 3 Commitment or Top-Up Tranche 3 Commitment.
Tranche 3 Commitment means as to any Lender, the commitment of such Lender to make an Advance pursuant to Section 2.01(c), as such commitment may be increased or reduced from time to time pursuant to the terms hereof. The initial amount of each Lender’s Tranche 3 Commitment is (a) the amount set forth in the column labeled “Tranche 3 Commitment” opposite such Lender’s name on Schedule I hereto, 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 Administrative Agent pursuant to Section
Tranche 3 Commitment means as to any Lender, the commitment of such Lender to make an Advance pursuant to Section 2.01(c), as such commitment may be increased or reduced from time to time pursuant to the terms hereof. The initial amount of each Lender’s Tranche 3 Commitment is (a) the amount set forth in the column labeled “Tranche 3 Commitment” opposite such Lender’s name on Schedule I hereto, 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 Administrative Agent pursuant to Section 9.07(d), as such amount may be reduced pursuant to Section 2.05 or increased pursuant to Section 2.18. As of the Effective Date, the aggregate amount of the Tranche 3 Commitments is £1,200,000,000 as such amount may be reduced in accordance with Section 2.05 or 6.01 and increased in accordance with Section 2.18.