Tranche B-2 Term Loan Commitment definition

Tranche B-2 Term Loan Commitment means the sum of the Initial Tranche B-2 Term Loan Commitments and the Euro Tranche B-2 Term Loan Commitments of all the Lenders.

Tranche B-2 Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B-2 Term Loan hereunder, expressed as an amount representing the maximum principal amount of the Tranche B-2 Term Loan to be made by such Lender hereunder. The initial aggregate amount of the Tranche B-2 Term Loan Commitments as of the Restatement Effective Date is $600,000,000.

Tranche B-2 Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Tranche B-2 Term Loan and “Tranche B-2 Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B-2 Term Loan Commitment, if any, is set forth on Schedule 1.01(b) or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B-2 Term Loan Commitments as of the Restatement Date is $885,000,000.

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 Lender’s Tranche B-2 Term Loan Commitment.

• Upon satisfaction or waiver of the conditions precedent specified herein, each Lender with a Tranche B-1 Term Loan Commitment or Tranche B-2 Term Loan Commitment shall make its Tranche B-1 Term Loan or Tranche B-2 Term Loan, as the case may be, available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Restatement Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent.

• The Administrative Agent will promptly notify the Lenders of any termination or reduction of the unused portions of the Letter of Credit Sublimit, the unused Dollar Revolving Credit Commitment, the unused Multicurrency Revolving Credit Commitment, the unused Tranche B Term Loan Commitment, the unused Tranche B-2 Term Loan Commitment or the unused Euro Tranche Term Loan Commitment under this Section 2.06.

• Each Lender’s 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.

• The U.S. Borrower may only make one borrowing of each of the New Tranche B-1 Term Loan Commitment and New Tranche B-2 Term Loan Commitment and, once repaid, the New Tranche B-1 Term Loans and New Tranche B-2 Term Loan may not be reborrowed.

More Definitions of Tranche B-2 Term Loan Commitment

Tranche B-2 Term Loan Commitment means, (a) in the case of each Lender that is a Lender on the Amendment No. 2 Effective Date, the amount of such Lender’s commitment to make Tranche B-2 Term Loans pursuant to and in accordance with Amendment No. 2 and Joinder Agreement on the Amendment No. 2 Effective Date and (b) in the case of any Lender that is not covered by clause (a) of this definition and becomes a Lender after the Amendment No. 2 Effective Date, the amount specified as such Lender’s “Tranche B-2 Term Loan Commitment” in the Assignment and Acceptance pursuant to which such Lender renewed a portion of the Tranche B-2 Term Loan Commitment, as the case may be, in each case as the same may be changed from time to time pursuant to the terms hereof.

Tranche B-2 Term Loan Commitment the commitments of the Tranche B-2 Term Loan Lenders pursuant to the First Amendment or, as the case may be, in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The aggregate amount of the Tranche B-2 Term Loan Commitments as of the First Amendment Effective Date was $640,109,890.11.

Tranche B-2 Term Loan Commitment means, with respect to a Cashless Option Tranche B-2 Lender, the agreement of such Cashless Option Tranche B-2 Lender to exchange its Existing Tranche B-1 Term Loans for an equal aggregate principal amount of Tranche B-2 Term Loans (or such lesser amount as determined by the Amendment No. 3 Arrangers) on the Amendment No. 3 Effective Date, as evidenced by such Existing Tranche B-1 Term Loan Lender executing and delivering Amendment No. 3.

Tranche B-2 Term Loan Commitment shall have the meaning assigned to such term in the Fifth Amendment. As of the Fifth Amendment Closing Date, the aggregate amount of the Tranche B-2 Term Loan Commitments is $761,175,000.

Tranche B-2 Term Loan Commitment means, as to each Lender, its obligation to make its portion of the Tranche B-2 Term Loan to the Borrower pursuant to the Second Incremental Facility Amendment to this Agreement in the principal amount set forth opposite such Lender’s name on Schedule A to the Second Incremental Facility Amendment to this Agreement. The aggregate principal amount of the Tranche B-2 Term Loan Commitment of all of the Lenders in effect on the Second Incremental Facility Amendment Effective Date is NINE HUNDRED FIFTY FIVE MILLION DOLLARS ($955,000,000).

Tranche B-2 Term Loan Commitment means, with respect to each Tranche B-2 Term Lender, the commitment of such Tranche B-2 Term Lender to make Tranche B-2 Term Loans to the Borrower hereunder in an aggregate principal amount not to exceed the amount set forth under the heading “Tranche B-2 Term Loan Commitment” opposite such Tranche B-2 Term Lender’s name on Schedule 1(a). The aggregate principal amount of the Tranche B-2 Term Loan Commitments of all Tranche B-2 Term Lenders as of the Tranche B-2 Effective Date is $500,000,000.

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.