Definition of Tranche I Term Loan Commitment


Tranche I Term Loan Commitment means as to any Lender, the obligation of such Lender, if any, to make a Tranche I Term Loan Advance to Borrower in a principal amount not to exceed the amount set forth under the heading "Tranche I Term Loan Commitment" opposite such Lender's name on Schedule 1.1.
Sample 1

Examples of Tranche I Term Loan Commitment in a sentence

Subject to and upon the terms and conditions of this Agreement, the Lenders agree to make, severally and not jointly, according to each Lenders Tranche I Term Loan Commitment Amount, a term loan to Borrowers in an aggregate original principal amount equal to $12,500,000 (the Tranche I Term Loan).
Subject to and upon the terms and conditions of this Agreement, the Lenders agree to make, severally and not jointly, according to each Lender's Tranche I Term Loan Commitment Amount, a term loan to Borrowers in an aggregate original principal amount equal to $12,500,000 (the "Tranche I Term Loan").
Subject to the terms and conditions of this Agreement, Lender will severally (and not jointly) make in an amount not to exceed its respective Tranche I Term Loan Commitment, and Borrower agrees to draw, an initial Tranche I Term Loan Advance of $15,000,000 on the Closing Date.
Additional Tranche I Term Loan Commitment shall mean the commitment of the Additional Third Restatement Lender to make a Tranche I Term Loan to the Borrowers on the Third Restatement Effective Date in an amount equal to $250,000,000 minus the aggregate amount of Tranche I Converted Tranche D Term Loans of all Lenders.