Tranche B Loan Commitment means, with respect to each Tranche B Lender, the commitment of such Tranche B Lender to make its portion of the Tranche B Loan in a principal amount equal to such Lender's Commitment Percentage of the Tranche B Loan Committed Amount.
Examples of Tranche B Loan Commitment in a sentence
Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new Tranche B Loan Commitments (each, an Incremental Tranche B Loan Commitment) by an amount not in excess of $50,000,000 in the aggregate.
The aggregate outstanding principal amount of all Tranche B Loans may not exceed at any time the amount of the Tranche B Loan Commitment.
Upon any reduction of the --------------------------------------------------- additional aggregate loan commitment under Section 2.1(c) of the Bank Loan Credit Agreement, the Borrower shall reduce the unused Tranche B Loan Commitment in a principal amount equal to the amount of such reduction.
The Tranche B Loan Commitment of each Tranche B Lender shall automatically terminate at such time as such Tranche B Lender shall have made available to the Borrower such Tranche B Lenders share of the Tranche B Loan.
After the Agreement Date, Loans under the Tranche B Loan Commitment may be continued or converted pursuant to a Notice of Conversion/Continuation as provided in Section 2.2(b)(ii) and Section 2.2(c)(ii) below in order to reborrow Base Rate Advances or Eurodollar Advances for new Eurodollar Advance Periods; provided, however, there shall be no increase in the aggregate principal amount outstanding under the Tranche B Loan Commitment at any time after the Agreement Date.