Tranche A-1 Commitments definition

Tranche A-1 Commitments means, as to each Tranche A-1 Lender, its obligation to make Tranche A-1 Loans to the Domestic Borrowers pursuant to Section 2.1, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Tranche A-1 Lender’s name on Schedule 1.1 or in the Assignment and Acceptance pursuant to which such Tranche A-1 Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.
View Source
Tranche A-1 Commitments means, collectively, the aggregate amount of the Tranche A-1 Commitments of all of the Tranche A-1 Lenders. On the Closing Date, the Tranche A-1 Commitments equal $35,000,000.
View Source

Examples of Tranche A-1 Commitments in a sentence

  • In the event that all of the Tranche A Commitments are terminated, the Lead Borrower shall contemporaneously therewith terminate all Tranche A-1 Commitments.

  • The Borrowers shall pay to the Administrative Agent for application as provided herein (i) at the effective time of any such termination (but not any partial reduction), all Unused Fees accrued on the Tranche A-1 Commitments so terminated, and (ii) at the effective time of any such reduction or termination, any amount by which the Tranche A-1 Credit Extensions to the Borrowers outstanding on such date exceed the amount to which the Tranche A-1 Commitments are to be reduced effective on such date.

  • Each reduction of the Tranche A-1 Commitments shall be in the principal amount of $5,000,000 or any integral multiple of $1,000,000 in excess thereof.

  • If any Tranche A-1 Loan is prepaid in part pursuant to Section 2.08, any Revolving Loans thereafter requested shall be Tranche A-1 Loans until the maximum principal amount of Tranche A-1 Loans outstanding equals the lesser of Incremental Availability or Tranche A-1 Commitments and thereafter all Revolving Loans shall be Tranche A Loans.

  • In addition, the Borrowers shall also repay the Tranche A-1 Loans as required (i) under Section 2.09 hereof and (ii) upon any reduction or termination of the Tranche A-1 Commitments in accordance with the provisions of Section 2.07(b) hereof.

  • The Borrower shall have the right, upon same day written notice to the Administrative Agent delivered prior to 11:00 a.m. (New York time) on any Business Day, to terminate in whole or reduce in part the unused portions of the Tranche A-1 Commitments and/or the Tranche A-2 Commitments of the applicable Lenders at the election of the Borrower.

  • The Tranche A-1 Commitments of the Tranche A-1 Lenders to make Tranche A-1 Loans shall expire concurrently with the making of the Tranche A-1 Loans on the Closing Date.

  • Any reduction of the Tranche A-1 Commitments pursuant to this Section 2.13.(b)(iii) shall be applied to the Tranche A-1 Commitments of each Tranche A-1 Lender according to its Tranche A-1 Commitment Percentage.

  • Upon any reduction of the Tranche A-1 Commitments, the Tranche A-1 Commitment of each Tranche A-1 Lender shall be reduced by such Tranche A-1 Lender’s Tranche A-1 Applicable Percentage of such reduction amount.

  • The parties hereto acknowledge and agree that, as of the Closing Date, the Tranche A-1 Commitments (as defined in the Existing Credit Agreement) is terminated in full.