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, with respect to each Lender, the commitment of such Lender to make Tranche B Loans to the Borrowers in the amount set forth opposite such Lender's name on Appendix A-2 hereto, as such amount may be terminated or reduced from time to time in accordance with the terms of this Agreement.
Examples of Tranche B Loan Commitment in a sentence
Any unused Tranche A Loan Commitment may be converted into a Tranche A Note Commitment and any unused Tranche B Loan Commitment may be converted into a Tranche B Note Commitment in connection with the Syndication.
More Definitions of Tranche B Loan Commitment
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 6.2.
Tranche B Loan Commitment means the several obligations of the Lenders to advance the sum of $40,000,000 on the Agreement Date, in accordance with their respective Term Commitment Ratios, to the Borrower pursuant to the terms hereof.
Tranche B Loan Commitment and "Tranche C Loan Commitment" have the respective meanings specified in Section 2.01.
Tranche B Loan Commitment means an amount equal to Five Million and No/100 Dollars ($5,000,000.00).
Tranche B Loan Commitment means, with respect to each Lender, the commitment of such Lender to make available to the Borrower its portion of the Tranche B Loan up to an amount equal to the amount set forth in Schedule 2.01 hereto, as the same may be terminated or reduced from time to time in accordance with the terms of this Agreement.
Tranche B Loan Commitment means, relative to any Lender, the obligation of such Lender to make Tranche B Loans to the Borrower hereunder in an aggregate principal amount not to exceed the amount set forth under "Tranche B Loan Commitment" opposite such Xxxxxx's name on SCHEDULE 1.1(a).
Tranche B Loan Commitment has the meaning specified in Section 3.1(a).