Tranche B-1 Term Commitment definition

Tranche B-1 Term Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B-1 Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche B-1 Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.06 and (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 Lender’s Tranche B-1 Term Commitment is set forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Tranche B-1 Term Commitment, as applicable. The initial aggregate amount of the Lenders’ Tranche B-1 Term Commitments is $200,000,000.

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Tranche B-1 Term Commitment means, with respect to each Term Lender, its obligation to make a Tranche B-1 Term Loan to the Borrower pursuant to the First Amendment (including pursuant to a Conversion of Original Tranche B Term Loans of such Term Lender) in an aggregate amount not to exceed the amount set forth on such Lender’s signature page to the First Amendment under the caption “Tranche B-1 Term Commitment” or in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. On the First Amendment Effective Date the initial aggregate amount of the Tranche B-1 Term Commitments is $2,743,125,000.00.

Tranche B-1 Term Commitment as to any Lender, the obligation of such Lender, if any, to make a Tranche B-1 Term Loan to the Borrower in a principal amount not to exceed the amount set forth under the heading “Tranche B-1 Term Commitment” opposite such Lender’s name on Schedule 1.1A. The original aggregate amount of the Tranche B-1 Term Commitments is $325,000,000.

Examples of Tranche B-1 Term Commitment in a sentence

Each Lender’s Tranche B-1 Term Commitment shall terminate immediately and without further action on the First Amendment Effective Date after giving effect to the funding of such Lender’s Tranche B-1 Term Commitment on such date.
Each Lender’s Tranche B-1 Term Commitment shall terminate immediately and without further action on the Amendment No. 1 Effective Date after giving effect to the funding of such Lender’s Tranche B-1 Term Commitment on such date.
The Tranche B-1 Term Commitment of each Tranche B-1 Term Lender shall automatically terminate upon the making of the Tranche B-1 Term Loans on the Effective Date.
The Additional Tranche B-1 Term Commitment of the Additional Tranche B-1 Term Lender shall be automatically and permanently reduced to $0 upon the making of such Additional Tranche B-1 Term Lender’s Tranche B-1 Term Loans pursuant to Section 2.01(e) on the First Amendment Effective Date.
The U.S. Borrower agrees to pay on the Tranche B-1 Closing Date to each Tranche B-1 Lender, as fee compensation for the funding of such Tranche B-1 Lender’s Tranche B-1 Term Loan, a closing fee (the “Tranche B-1 Closing Fee”) in an amount equal to 0.50% of the stated principal amount of such Tranche B-1 Lender’s Tranche B-1 Term Commitment.
Each Additional Tranche B-1 Term Lender hereby agrees to make an Additional ▇▇▇▇▇▇▇ ▇-▇ Term Loan to the Borrower in an amount equal to its Additional Tranche B-1 Term Commitment on the Amendment and Restatement Effective Date in accordance with Section 3(b) of the Credit Agreement.
The Additional Tranche B-1 Term Commitment of each Additional Tranche B-1 Term Lender shall be automatically and permanently reduced to $0 upon the making of such Additional Tranche B-1 Term Loan pursuant to Section 3(b).
The Administrative Agent has notified each Tranche B-1 Term Lender (as defined below) of its allocated Tranche B-1 Term Commitment.
Any Existing Lender’s Tranche B-1 Term Commitment that is in excess of its Allocated Loans shall be funded in accordance with Section 2(c) above.
The Tranche B-1 Term Commitment of each Tranche B-1 Lender shall automatically terminate upon the making of the Tranche B-1 Term Loan relating to such Tranche B-1 Term Commitment.

More Definitions of Tranche B-1 Term Commitment

Tranche B-1 Term Commitment means, with respect to a Term B-2 Lender, the commitment of such Term B-1 Lender to make a Term B-2 Loan on the Amendment No. 3 Effective Date, in the amount set forth on Amendment No. 3 Joinder to Amendment No. 3 .

Tranche B-1 Term Commitment means, with respect to each Tranche B-1 Term Lender, the commitment of such Lender to make Tranche B-1 Term Loans on the Tranche B-1 Effective Date. The amount of the Tranche B-1 Term Lender’s Tranche B-1 Term Commitment is set forth on Schedule I hereto. The aggregate amount of the Tranche B-1 Term Commitments on the Tranche B-1 Effective Date is $400,000,000.

Tranche B-1 Term Commitment as set forth in the Amendment Agreement.

Tranche B-1 Term Commitment means any Exchange Tranche B-1 Term Commitment or Additional Tranche B-1 Term Commitment.

Tranche B-1 Term Commitment means, with respect to each Term Lender, the commitment of such Term Lender to make a Tranche B-1 Term Loan hereunder on the Closing Date, expressed as an amount representing the maximum principal amount of the Tranche B-1 Term Loans to be made by such Term Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Term Lender pursuant to Section 9.04. The initial amount of each Term Lender’s Tranche B-1 Term Commitment is set forth on Schedule 2.01. The aggregate principal amount of the Tranche B-1 Term Commitments is $400,000,000.