Tranche B Loan Commitment definition
Tranche B Loan Commitment means the commitment of a Lender to make or otherwise fund a Tranche B Loan and “Tranche B Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Loan Commitment, if any, is set forth on Schedule 1. The aggregate amount of the Tranche B Loan Commitments as of the Closing Date is $10,000,000.
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.
Tranche B Loan Commitment means the several obligations of the Lenders to advance the sum of $52,484,589.19, in accordance with their respective Term Commitment Ratios, to the Borrowers pursuant to the terms hereof.
Examples of Tranche B Loan Commitment in a sentence
Each Lender’s Tranche B Loan Commitment shall terminate immediately and without further action on the earlier of (x) the Tranche B Loan Borrowing Date after giving effect to the funding of such Lender’s Tranche B Loan Commitment on such date and (y) the Tranche B Loan Commitment Termination Date.
The Tranche B Loan Commitment Termination Date shall not have occurred.
No Lender shall have an obligation to make a Tranche B Loan in excess of such ▇▇▇▇▇▇’s Tranche B Loan Commitment.
More Definitions of Tranche B Loan Commitment
Tranche B Loan Commitment means, as to any Tranche B Lender, the obligation of such Tranche B Lender to make Tranche B Loans under the Loan Agreements in a principal amount as agreed to in its Assignment and Acceptance substantially in the form of Exhibit B to the Construction Period Loan Agreement --------- to be entered into by such Tranche B Lender, but not to exceed, in the aggregate, $60 million.
Tranche B Loan Commitment means, with respect to each Bank, the amount committed by such Bank pursuant to this Agreement with respect to the Tranche B Loan as set forth on the signature pages hereto, as such amount may be reduced from time to time pursuant to Sections 2.9, 2.10, 2.11 and 6.
Tranche B Loan Commitment means the amount in Dollars set opposite each DIP Creditor’s name under the heading “Tranche B Loan Commitment” in Schedule 1.01(b) or in an Assignment and Acceptance pursuant to which such DIP Creditor became a party hereto, as the same may be changed or reduced from time to time pursuant to the terms hereof.
Tranche B Loan Commitment means an amount equal to Five Million and No/100 Dollars ($5,000,000.00).
Tranche B Loan Commitment and "Tranche C Loan Commitment" have the respective meanings specified in Section 2.01.
Tranche B Loan Commitment means the option of the Lender to make the Tranche B Loans to the Borrower pursuant to Section 2.01(b) in an aggregate principal amount not to exceed $26,000,000 less any amounts outstanding under the Tranche A Loan and Tranche C Loans.
Tranche B Loan Commitment. By: /S/ Richard Teitelbaume ------------------------------------------ U.S.$3,529,411.76 Title: Vice President