Tranche A Term Commitments definition

Tranche A Term Commitments means, as to any Tranche A Term Lender, the obligation of such Lender to make a Tranche A Term Loan to the Borrower hereunder in a principal amount not to exceed the amount agreed to by the Borrower, the Administrative Agent and such Lender. The original amount of the Tranche A Term Commitments as of the First Amendment Effective Date is $250,000,000.

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Tranche A Term Commitments as to any Lender, the obligation of such Lender, if any, to make a Tranche A Term Loan to the Borrower in a principal amount not to exceed the amount set forth under the heading “Tranche A Term Commitment” opposite such ▇▇▇▇▇▇’s name on Schedule 1.1A. The aggregate amount of the Tranche A Term Commitments as of the Seventh Amendment Effective Date is $1,700,000,000.

Tranche A Term Commitments means, as to each Lender, its obligation to make an Tranche A Term Loans to the Parent Borrower pursuant to Section 2.01(a) in an aggregate principal amount not to exceed the amount set forth opposite such L▇▇▇▇▇’s name on Schedule 2.01 under the caption “Tranche A Term Commitment” 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 Tranche A Term Commitments is $3,910,000,000.00 (the “Initial Tranche A Term Commitments”).

Examples of Tranche A Term Commitments in a sentence

• The Tranche A Term Commitments expired at 5:00 p.m. New York City time on the Effective Date, and amounts paid or prepaid in respect of Tranche A Term Loans may not be reborrowed.

• Any such partial reduction shall be in an amount equal to $1,000,000, or a whole multiple of $500,000 in excess thereof, and shall reduce permanently the Revolving Commitments or the 2018 Delayed Draw Tranche A Term Commitments, as applicable, then in effect.

• Any unutilized Tranche A Term Commitments shall automatically terminate on the Tranche A Commitment Termination Date.

• Such Ticking Fee shall be calculated on the basis of the actual number of days elapsed in a 360-day year and shall be payable to the Administrative Agent on the earlier of (x) the date on which all Tranche A Term Commitments have been terminated and (y) the Closing Date (or if such date is not a Business Day, then on the next following Business Day).

• The Tranche A Term Borrowing shall consist of Tranche A Term Advances made simultaneously by the Tranche A Term Lenders ratably according to their Tranche A Term Commitments.

• To the extent not previously terminated, all unused Tranche A Term Commitments hereunder shall terminate on the earlier of (i) the Closing Date (after giving effect to the Loans made on such date) and (ii) 11:59 p.m. (New York City time) on the date that is five Business Days after the Outside Date (as defined in and determined in accordance with the terms of the Merger Agreement as in effect on December 13, 2021).

• Any such cancellation shall reduce the Available Tranche A Term Commitments and, as the case may be, the Available Revolving Commitments of the Banks rateably.

• All Borrowings of Loans under this ------------------- Agreement shall be made by the Lenders pro rata on the basis of their --- ---- Initial Tranche A Term Commitments, Additional Tranche A Term Commitments, Initial Tranche B Term Commitments, Additional Tranche B Term Commitments or Revolving Commitments, as the case may be.

• Each reduction of the Revolving Commitments shall be made ratably among the Revolving Lenders in accordance with their respective Revolving Commitments and each reduction of the Tranche A Term Commitments shall be made ratably among the Tranche A Term Lenders in accordance with their respective Tranche A Term Commitment.

• Except as contemplated by the preceding sentence, the terms of the Refinancing Revolving Commitments and Refinancing Revolving Loans and other extensions of credit thereunder shall be substantially the same as the Revolving Commitments and Revolving Loans and other extensions of credit thereunder, and the terms of the Refinancing Term Loan Commitments and Refinancing Term Loans shall be substantially the same as the terms of the Tranche A Term Commitments and the Tranche A Term Loans.

More Definitions of Tranche A Term Commitments

Tranche A Term Commitments means the aggregate of such commitments for all Term Lenders, and the aggregate amount of the Tranche A Term Commitments as of the Effective Date is $550,000,000.00.

Tranche A Term Commitments has the meaning assigned to the term “New Tranche A Term Commitments” in the Amendment and Restatement Agreement. The initial aggregate amount of the Lenders’ Tranche A Term Commitments is $80,000,000. “Tranche A Term Lender” means a Lender with a Tranche A Term Commitment or an outstanding Tranche A Term Loan. “Tranche A Term Loan” means a Loan made pursuant to Section 5 of the Amendment and Restatement Agreement. “Tranche A Term Maturity Date” means the date that is five years after the Restatement Effective Date, as the same may be extended pursuant to Section 2.22. “Transaction Costs” means all fees, costs and expenses incurred or payable by Holdings, the Borrower or any Subsidiary in connection with the Transactions.

Tranche A Term Commitments the collective reference to the Tranche A Dollar Term Commitments and the Tranche A Euro Term Commitments.

Tranche A Term Commitments as to any Lender, the sum of the Tranche A-1 Term Commitment, the Tranche A-2 Term Commitment and the Tranche A-3 Term Commitment.