Tranche B-5 Term Loan Commitment definition

Tranche B-5 Term Loan Commitment means, (a) in the case of each Lender that is a Lender on the Amendment No. 5 Effective Date, the amount of such Lender’s commitment to make Tranche B-5 Term Loans pursuant to and in accordance with Amendment No. 5 and Joinder Agreement on the Amendment No. 5 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. 5 Effective Date, the amount specified as such Lender’s “Tranche B-5 Term Loan Commitment” in the Assignment and Acceptance pursuant to which such Lender renewed a portion of the Tranche B-5 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-5 Term Loan Commitment means, with respect to a Cashless Option Tranche B-5 Lender, the agreement of such Cashless Option Tranche B-5 Lender to exchange its Existing Amendment No. 6 Term Loans for an equal aggregate principal amount of Tranche B-5 Term Loans (or such lesser amount as determined by the Amendment No. 8 Arrangers) on the Amendment No. 8 Effective Date, as evidenced by such Existing Amendment No. 6 Term Loan Lender executing and delivering Amendment No. 8.
Tranche B-5 Term Loan Commitment means, as to each Tranche B-5 Term Loan Lender, its obligation to make Tranche B-5 Term Loans to the Tranche B-5 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-5 Term Loan Lender’s name on Schedule 2.01 under the caption “Tranche B-5 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-5 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-5 Term Loan Commitments on the Amendment No. 6 Funding Date is $610,000,000.

Examples of Tranche B-5 Term Loan Commitment in a sentence

  • The Tranche B-5 Term Loan Commitment shall be automatically and permanently reduced to $0 upon the making of the Tranche B-5 Funding Loan Lender pursuant to this Section 6.

  • Subject to the occurrence of the Refinancing Effective Date, each Refinancing Tranche B-5 Term Lender severally agrees to make a Tranche B-5 Term Loan in Dollars to the Borrower on the date specified in the notice of borrowing delivered pursuant to Section 4(d) hereof, in an amount equal to such Refinancing Tranche B-5 Term Lender’s Tranche B-5 Term Loan Commitment.


More Definitions of Tranche B-5 Term Loan Commitment

Tranche B-5 Term Loan Commitment means, as to each Tranche B-5 Term Loan Lender, its obligation to make Tranche B-5 Term Loans to the Tranche B-5 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-5 Term Loan Lender’s name on Schedule 2.01 under the caption “Tranche B-5 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-5 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-5 Term Loan Commitments on the Amendment No. 6 Funding Date is$610,000,000.

Related to Tranche B-5 Term Loan Commitment

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 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 Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Delayed Draw Term Loan Commitment means, with respect to each Delayed Draw Term Lender, the commitment of such lender to make Delayed Draw Term Loans to the Issuer after the closing date of the Credit Agreement in accordance with the terms thereof.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(a) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $795,000,000.

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Term B Loan Commitment means, as to any Lender, the obligation of such Lender to make its Term B Loan on the Closing Date in the principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1 attached hereto and made a part hereof. The Borrower and the Lenders acknowledge and agree that the Term B Loan Commitments of the Lenders aggregate $50,000,000 on the Closing Date.

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).