Tranche II Term Loan Commitment definition

Tranche II Term Loan Commitment means with respect to each Lender, the commitment of such Lender to make Tranche II Term Loans hereunder as set forth in Section 2.01(a)(ii), as the same may be reduced from time to time pursuant to Section 2.09.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Tranche II Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make one or more Tranche II Term Loans hereunder in Sterling on the Effective Date, expressed as an amount in Dollars representing the maximum aggregate principal amount of the Tranche II Term Loans denominated in Sterling to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.09 or 2.11 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The initial amount of each Lender's Tranche II Term Loan Commitment is set forth on Schedule I, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Tranche II Term Loan Commitment, as applicable. The initial aggregate amount of the Lenders' Tranche II Term Loan Commitments is $320,000,000.

Tranche II Term Loan Commitment of any Series means, with respect to each Lender, the commitment, if any, of such Lender to make one or more Tranche II Term Loans of such Series, as such commitment may be (a) reduced from time to time pursuant to Section 2.09 or 2.11 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The initial amount of each Lender's Tranche II Term Loan Commitment of any Series will be specified in the Tranche II Term Loan Agreement for such Series, or will be set forth in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Tranche II Term Loan Commitment of such Series, as

Examples of Tranche II 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 Lender’s Tranche II Term Loan Commitment Amount, a term loan to Borrowers in an aggregate original principal amount equal to the Tranche II Term Loan Maximum Principal Amount (the “Tranche II Term Loan”).
All mandatory repayments of Tranche II Term Loans (and the amount of each reduction to the Total Tranche II Term Loan Commitment) made pursuant to Section 4.02(e) shall be applied to reduce the then remaining Tranche II Scheduled Repayments in direct order of maturity.
Subject to the terms and conditions set forth herein, each Tranche II Term Loan Lender agrees to make one or more Tranche II Term Loans to the Borrower on the Effective Date in Sterling in a principal amount not exceeding its Tranche II Term Loan Commitment.
Each of the Tranche II Term Loan Lenders in respect of such Series, the Borrower and the Administrative Agent shall have executed the Tranche II Term Loan Agreement for such Series pursuant to which such Lenders agree to become obligated in respect of a Tranche II Term Loan Commitment hereunder.
All mandatory repayments of Tranche II Term Loans (and the amount of each reduction to the Total Tranche II Term Loan Commitment) made pursuant to Sections 4.02(d), (f) and (g) shall be applied to reduce the then remaining Tranche II Scheduled Repayments on a pro rata basis (based upon the then remaining amount of each Tranche II Scheduled Repayment, after giving effect to all prior reductions thereto).
Unless previously terminated, (i) the Tranche I Term Loan Commitments shall terminate on the close of business on the Effective Date, (ii) the Tranche II Term Loan Commitments of each Series shall terminate on the Tranche II Term Loan Commitment Termination Date and (iii) the Revolving Commitments shall terminate on the Maturity Date.

More Definitions of Tranche II Term Loan Commitment

Tranche II Term Loan Commitment means, for each Lender, the amount set forth opposite such Lender's name in Schedule I-A directly below the column entitled "Tranche II Term Loan Commitment", as the same may be (x) reduced from time to time pursuant to Sections 3.03, 4.02 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Lender pursuant to Section 1.14 or 13.04(b).

Tranche II Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make one or more Tranche II Term Loans hereunder during the Term Loan Availability Period, expressed as an amount representing the maximum aggregate principal amount of the Tranche II Term Loans to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.09 or 2.11 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The initial amount of each Lender's Tranche II Term Loan Commitment is set forth on Schedule I, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Tranche II Term Loan Commitment, as applicable. The initial aggregate amount of the Lenders' Tranche II Term Loan Commitments is $200,000,000.