Tranche B2 Commitment means, with respect to the Initial Purchaser and the Tranche B2 Participants, the aggregate amount set forth opposite their names (or the names of their respective assignors) in Schedule 1 to the Original Tranche B2 Participation Agreement.
Subject to the terms and conditions set forth herein and in the Amendment and Restatement Agreement, each Tranche B-2 Lender has severally agreed to convert all or a portion of its existing Tranche B-1 Term Loans into, and the Indebtedness converted by such converted Tranche B-1 Term Loan will remain outstanding as, a Tranche B-2 Term Loan on the Second ARCA Effective Date in a principal amount equal to such Tranche B-2 Lenders Tranche B-2 Commitment.
Subject to the terms and conditions set forth herein, each Tranche B-2 Lender agrees to make Tranche B-2 Loans to the Borrower on the Tranche B-2 Incremental Effective Date in a principal amount not to exceed such Tranche B-2 Lenders Tranche B-2 Commitment in accordance with Section 2.01(f) of the Term Loan Agreement resulting in aggregate proceeds to the Borrower equal to 99.75% of the Tranche B-2 Commitment of such Tranche B-2 Lender.
On such reallocation date, each Lender's Tranche A2 Commitment and Tranche B2 Commitment shall automatically be increased by the amount (if any) of Tranche A1 Commitment and Tranche B1 Commitment, respectively, held by it on such reallocation date and reallocated in accordance with such notice.
The principal amount of each Tranche B-2 Lenders Tranche B-2 Commitment is set forth on Schedule 1 hereto, or in the Assignment and Acceptance pursuant to which such Tranche B-2 Lender shall have assumed its Tranche B-2 Commitment, as applicable.
The initial amount of each Bank's Tranche B-2 Commitment is set forth on Schedule 2.01.