Examples of Tranche B Term Loan Commitment in a sentence
Each Lender severally agrees to make a term loan to Borrower on the Tranche B Closing Date in an original principal amount equal to such Lender’s Tranche B Term Loan Commitment (each, a “ Tranche B Term Loan” and, collectively, the “Tranche B Term Loans”).
Administrative Agent shall record in the Register the Tranche B Term Loan Commitment and Revolving Loan Commitment and Tranche B Term Loans and Revolving Loans from time to time of each Lender, the Swing Line Loan Commitment and the Swing Line Loans from time to time of Swing Line Lender, and each repayment or prepayment in respect of the principal amount of the Tranche B Term Loans or Revolving Loans of each Lender or the Swing Line Loans of Swing Line Lender.
Each Lender's Tranche B Term Loan Commitment shall expire immediately and without further action on August 31, 2002 if the Tranche B Term Loans are not made on or before that date.
The amount of each Lender's Tranche B Term Loan Commitment is set forth opposite its name on Schedule 2.1 annexed hereto and the aggregate amount of the Tranche B Term Loan Commitments is $365,000,000; provided that the Tranche B Term Loan Commitments of Lenders shall be adjusted to give effect to any assignments of the Tranche B Term Loan Commitments pursuant to subsection 10.1B.
Each Lender with a Tranche B Term Loan Commitment severally agrees to lend to one or both Borrowers (on a joint and several basis) on the Closing Date an amount not exceeding its Pro Rata Share of the aggregate amount of the Tranche B Term Loan Commitments to be used for the purposes identified in subsection 2.5A.