Tranche A-2 Term Loan Commitment definition

Tranche A-2 Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche A-2 Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Tranche A Term Loan Lender, the amount of its existing Tranche A Term Loan continued as a Tranche A-2 Term Loans (as specified in its Term Loan Lender Addendum) on the Second Amendment Effective Date pursuant to Section 2.01(b)(iv).

Tranche A-2 Term Loan Commitment means, with respect to each Tranche A-2 Term Loan Lender, the commitment of such Lender to make a Tranche A-2 Term Loan pursuant to Section 2.01(c), as such commitment may be (a) reduced or terminated from time to time pursuant to Section 2.09 or (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Tranche A-2 Term Loan Lender’s Tranche A-2 Term Loan Commitment is the amount set forth opposite such Lender’s name on Schedule 2.01(b) hereto, or in the Assignment and Assumption or other documentation contemplated hereby pursuant to which such Lender shall have assumed its Tranche A-2 Term Loan Commitment, as applicable.

Tranche A-2 Term Loan Commitment means, as to each Tranche A-2 Term Loan Lender, its obligation to make Term Loans to the Borrower pursuant to Section 2.01B in an aggregate principal amount not to exceed the Dollar amount set forth opposite such Tranche A-2 Term Loan Lender’s name on Schedule 2.01 or opposite such caption in the Assignment and Assumption pursuant to which such Tranche A-2 Term Loan Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. Each Tranche A-2 Lender’s Term Loan Commitment shall be permanently reduced by the amount of Tranche A-2 Term Loans made to the Borrower by such Tranche A-2 Term Loan Lender.

Examples of Tranche A-2 Term Loan Commitment in a sentence

• Subject to the terms and conditions set forth herein, each Tranche A-2 Term Loan Lender (severally and not jointly) agrees to make Tranche A-2 Term Loans to MK Holdings in Dollars in a single draw on one date during the Term Loan Availability Period, in an aggregate principal amount not to exceed such Term Loan Lender’s outstanding Tranche A-2 Term Loan Commitment immediately prior to the making of such Tranche A-2 Term Loans.

• Subject to the terms and conditions set forth herein, each Tranche A-2 Term Loan Lender (severally and not jointly) agreed to make Tranche A-2 Term Loans to Capri Holdings in Dollars in a single draw on one date during the Term Loan Availability Period, in an aggregate principal amount not to exceed such Term Loan Lender’s outstanding Tranche A-2 Term Loan Commitment immediately prior to the making of such Tranche A-2 Term Loans.

• Each Tranche A-2 Term Loan Lender hereby agrees to make a Tranche A-2 Term Loan to the Borrower in an amount equal to its Tranche A-2 Term Loan Commitment on the Amendment No. 2 Effective Date in accordance with Section 2.1(d) of the Credit Agreement.

• Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loan, the Revolving Credit Commitment or the Tranche A-2 Term Loan Commitment assigned, except that this clause (ii) shall not prohibit any Lender from assigning all or a portion of its rights and obligations among separate Facilities on a non-rata basis.

• If the Company determines that it would be able to realize deferred taxes in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes.

More Definitions of Tranche A-2 Term Loan Commitment

Tranche A-2 Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche A-2 Term Loan hereunder in the amount set forth on Schedule 2.01 to this Agreement, as the same may be (a) increased or extended from time to time pursuant to Section 2.25 or Section 2.26 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The aggregate principal amount of the Lenders’ Tranche A-2 Term Loan Commitments on the Closing Date is $75,000,000.

Tranche A-2 Term Loan Commitment means, as to each Tranche A-2 Term Loan Lender, such Tranche A-2 Term Loan Lender’s obligation during the Term Loan Commitment Period to make Tranche A-2 Term Loans pursuant to Section 2.2, in an amount up to, but not exceeding the amount set forth for such Tranche A-2 Term Loan Lender on Schedule I as such Tranche A-2 Term Loan Lender’s “Tranche A-2 Term Loan Commitment,” or as set forth in any applicable Assignment and Assumption, or agreement executed by a Person becoming a Tranche A-2 Term Loan Lender in accordance with Section 2.16, as the same may be reduced from time to time pursuant to Section 2.2 or Section 2.12, or increased or reduced as appropriate to reflect any assignments to or by such Tranche A-2 Term Loan Lender effected in accordance with Section 13.6 or increased as appropriate to reflect any increase effected in accordance with Section 2.16.

Tranche A-2 Term Loan Commitment means, with respect to each Tranche A-2 Term Loan Lender, the commitment of such Tranche A-2 Term Loan Lender to make its portion of the Tranche A-2 Term Loan to the Borrower pursuant to Section 2.01(d)(ii), in the principal amount set forth opposite such Tranche A-2 Term Loan Lender’s name on Schedule 2.01; provided that, at any time after funding of an Tranche A-2 Term Loan, the determinations “Required Lender” shall also be based on the outstanding principal amount of the such Tranche A-2 Term Loan. The aggregate principal amount of the Tranche A-2 Term Loan Commitments of all of the Tranche A-2 Term Loan Lenders as in effect on the First Amendment Effective Date is Two Hundred Million Dollars ($200,000,000).

Tranche A-2 Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche A-2 Term Loan hereunder on the Amendment and Restatement Effective Date in the amount set forth on Schedule 3 to the Lender Addendum executed and delivered by such Lender. The aggregate amount of the Lenders’ Tranche A-2 Term Loan Commitments is $205.0 million.

Tranche A-2 Term Loan Commitment means (a) in the case of each Lender that is a Lender on the date hereof, the amount set forth opposite such Lender’s name on Schedule 1.1(c) as such Lender’s “Tranche A-2 Term Loan Commitment” and (b) in the case of any Lender that becomes a Lender after the date hereof, the amount specified as such Lender’s “Tranche A-2 Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the Total Tranche A-2 Term Loan Commitment, in each case as the same may be changed from time to time pursuant to the terms hereof. The aggregate amount of the Tranche A-2 Term Loan Commitments as of the Closing Date is $250,000,000.

Tranche A-2 Term Loan Commitment means, as to each Lender, its obligation to make its portion of the Tranche A-2 Term Loan to the Borrower pursuant to the First Incremental Facility Amendment to this Agreement in the principal amount set forth opposite such Lender’s name on Schedule A to the First Incremental Facility Amendment to this Agreement. The aggregate principal amount of the Tranche A-2 Term Loan Commitment of all of the Lenders in effect on the First Incremental Facility Amendment Effective Date is THREE HUNDRED MILLION DOLLARS ($300,000,000).

Tranche A-2 Term Loan Commitment means as to each Lender, its obligation to make Tranche A-2 Term Loans to the Borrower pursuant to Section 2.01(b)(iii), in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01(b)(iii) under the caption “Tranche A-2 Term Loan Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Tranche A-2 Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate principal amount of the Tranche A-2 Term Loan Commitments of all of the Tranche A-2 Term Lenders as in effect on the Restatement Date is $1,025,000,000.