Tranche B-2 Term Loan Commitment means, as to each Tranche B-2 Term Loan Lender, its obligation to make Tranche B-2 Term Loans to the Tranche B-2 Term Loan Borrowers (i) pursuant to Section 2.01 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Tranche B-2 Term Loan Lender's name on Schedule 2.01 under the caption "Tranche B-2 Term Loan Commitment", (ii) in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, and (iii) pursuant to Section 2.14 in an aggregate principal amount at any one time outstanding not to exceed the amount agreed to by such Tranche B-2 Term Loan Lender in compliance with Section 2.14, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate amount of Tranche B-2 Term Loan Commitments on the Amendment No. 3 Funding Date is $500,000,000.
Examples of Tranche B-2 Term Loan Commitment in a sentence
Subject to the terms and conditions set forth herein, each Tranche B-2 Term Lender severally agrees to make a single loan to the Borrower on the Restatement Effective Date in an amount not to exceed such Tranche B-2 Term Lenders Tranche B-2 Term Loan Commitment.
Each Lenders New Tranche B-1 Term Loan Commitment and/or New Tranche B-2 Term Loan Commitment, as applicable, shall terminate immediately and without further action on the Amendment Effective Date after giving effect to the funding of such New Tranche B-1 Term Loan Commitment and New Tranche B-2 Term Loan Commitment on such date.
Such commitment fee shall be payable in arrears (x) on the last day of each March, June, September and December (for the three-month period (or portion thereof) ended on such day for which no payment has been received) and (y) on the Tranche B-2 Term Loan Commitment Termination Date (for the period ended on such date for which no payment has been received pursuant to clause (x) above).
Subject to Section 2.06, the Tranche B-2 Term Loans made by each Lender shall be evidenced by a single duly executed promissory note of the Borrower to such Lender in an original principal amount equal to such Lenders Tranche B-2 Term Loan Commitment Percentage of the Tranche B-2 Term Loan Committed Amount.
The Commitment Fee shall commence to accrue on the Effective Date and shall be due and payable in arrears on December 31, 2005 and March 31, 2006 for the immediately preceding Commitment Fee Calculation Period and on the Tranche B-2 Term Loan Commitment Termination Date, beginning with the first of such dates to occur after the Effective Date.