Tranche B-1 Term Commitments definition

Tranche B-1 Term Commitments means the “Tranche B-1 Term Commitments” as defined in the First Amendment.

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Tranche B-1 Term Commitments means the “Tranche B-1 Term Commitments” as defined in the First Amendment. “Tranche B-1 Term Loans” means the “Tranche B-1 Term Loans” as defined in the First Amendment.

Examples of Tranche B-1 Term Commitments in a sentence

The Borrower may make only one borrowing under the Tranche B-1 Term Commitments, which shall be on the First Amendment Effective Date.
The Term Borrowing shall consist of Initial Tranche B-1 Term Loans made simultaneously by the Tranche B-1 Term Lenders in accordance with their respective Applicable Percentage of the aggregate Initial Tranche B-1 Term Commitments.
The Tranche B-3 Term Commitments, the Tranche B-4 Term Commitments, the Euro Tranche Term Commitments and the Euro Tranche B-1 Term Commitments will terminate in full upon the making, rollover, conversion and deemed issuance of the Loans referred to in clause (a) above.
The proceeds of the Tranche B-1 Term Loans shall be used by the Borrower on the Effective Date solely to repay (or replace via cashless settlement) the principal amount of the Initial Term B Loans outstanding as of the Effective Date, together with all accrued but unpaid interest thereon and fees with respect thereto and all fees and expenses of the Borrower in connection with this Agreement, the Tranche B-1 Term Commitments and the Tranche B-1 Term Loans.
The Borrower may make only one borrowing under the Tranche B-1 Term Commitments, which shall be on the Amendment No. 1 Effective Date.
The proceeds of the Tranche B-1Term Loans made pursuant to the Additional Tranche B-1 Term Commitments shall be used on the Amendment No. 2 Effective date to prepay Tranche B Term Loans that are not Converted Tranche B Term Loans.
Each Additional Tranche B-1 Term Lender, the Borrower and the Administrative Agent acknowledge and agree that the Additional Tranche B-1 Term Commitments provided pursuant to this Agreement shall constitute Tranche B-1 Term Commitments for all purposes of the Amendment Agreement, the Amended and Restated Credit Agreement and the other applicable Loan Documents.
The Euro Term Commitments, the Tranche B Term Commitments and the Tranche B-1 Term Commitments will terminate in full upon the making of the Loans referred to in clauses (a)(i), (ii) and (iii) above.
The Administrative Agent also exercises its rights to waive the notice referred to in the second sentence of Section 2.22(a) of the Credit Agreement, to the extent such notice relates to the Tranche B-1 Term Loans and Tranche B-1 Term Commitments.
If not drawn before 5:00 p.m., New York City time on October 12, 2010, the Tranche B-1 Term Commitments shall expire at such time and shall from and after such time be of no further force or effect.

More Definitions of Tranche B-1 Term Commitments

Tranche B-1 Term Commitments means the “Tranche B-1 Term Commitments” as defined in First Amendment.

Tranche B-1 Term Commitments means the Additional Tranche B-1 Term Commitment and the Tranche B-1 Term Exchange Commitments. On the Amendment No. 2 Effective Date, the total Tranche B-1 Term Commitments is $492,500,000.00. “Tranche B-1 Term Exchange Commitment” means the agreement of a Lender to exchange its Initial Term Loans for an equal aggregate principal amount of Tranche B-1 Term Loans on the Amendment No. 2 Effective Date, as evidenced by such Lender executing and delivering an Amendment No. 2 Consent and indicating the “Cashless Settlement Option.” “Tranche B-1 Term Lender” means any Lender with a Tranche B-1 Term Commitment or an outstanding Tranche B-1 Term Loan. “Tranche B-1 Term Loans” means, collectively, (a) each Tranche B-1 Term Loans for which a like principal amount of Initial Term Loan has been exchanged pursuant to Section 2.01(b)(i) and (b) each Additional Tranche B-1 Term Loan made pursuant to Section 2.01(b)(ii), in each case on the Amendment No. 2

Tranche B-1 Term Commitments has the meaning assigned to such term in Amendment No. 6.

Tranche B-1 Term Commitments means (i) with respect to each Converting Term Lender, the commitment of such Lender to convert its Existing Initial Tranche B Term Loans for an equal or lesser aggregate principal amount of Tranche B-1 Term Loans on the First Amendment Effective Date pursuant to the First Amendment and (ii) with respect to the Additional Tranche B-1 Term Lender, its Additional Tranche B-1 Term Commitment, in each case, as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Tranche B-1 Term Commitments is $2,443,875,000.00.