Tranche One Commitment definition

Tranche One Commitment means, as to the Lender, the Lender’s commitment to provide the Tranche One Loan in the aggregate principal amount of $20,000,000 pursuant to Section 2.1.1(a).
Tranche One Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Tranche One Revolving Loans pursuant to Section 2.01(a), to accept and purchase B/As pursuant to Section 2.06 and to acquire participations in Tranche One Swingline Loans and Tranche One Letters of Credit hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Tranche One Revolving Credit Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to Section 2.09 or assignments by or to such Lender pursuant to Section 11.04. The initial amount of each Lender’s Tranche One Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption or the Accession Agreement pursuant to which such Lender shall have assumed or acquired its Tranche One Commitment, as the case may be. The aggregate amount of the Tranche One Commitments on the Fourth Restatement Effective Date is US$355,000,000.
Tranche One Commitment means as to each Lender, such Lender’s commitment to provide the Tranche One Loans in the aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on the Commitment Schedule, as the same may be (a) reduced from time to time pursuant to Section 2.1.1(a), and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant toSection 10.13. The aggregate amount of the LendersTranche One Commitments is $40,000,000. The Tranche One Commitment shall reduce to $0 following the Tranche One Commitment Termination Date.

Examples of Tranche One Commitment in a sentence

  • SCHEDULE 2.01 COMMITMENTS Lender Tranche One Commitment Tranche Two Commitment Citibank, N.A. $187,500,000 $187,500,000 Bank of America, N.A. $187,500,000 $187,500,000 Barclays Bank PLC $187,500,000 $187,500,000 BNP Paribas $187,500,000 $187,500,000 Deutsche Bank AG New York Branch $187,500,000 $187,500,000 JPMorgan Chase Bank, N.A. $187,500,000 $187,500,000 Mizuho Bank, Ltd.

  • Undrawn Commitment (Tranche One) in respect of a Lender at any time, the Tranche One Commitment of that Lender at that time less the Principal Outstanding provided by that Lender under Tranche One at that time.

  • Commitment in respect of a Lender at any time, the aggregate of: 1 its Tranche One Commitment; and 2 its Tranche Two Commitment.

  • The obligation of the Lender to advance any portion of the Tranche One Commitment shall terminate on the last day of the Tranche One Availability Period.

  • Each Tranche One Lender severally agrees, on the terms and conditions set forth in this Agreement, to make loans to the Borrowers pursuant to this subsection (a) from time to time during the Tranche One Revolving Credit Period; provided that, immediately after each such loan is made, the aggregate outstanding principal amount of the Tranche One Revolving Loans held by such Lender shall not exceed its Tranche One Commitment.


More Definitions of Tranche One Commitment

Tranche One Commitment means, as to each Lender, such Lender’s commitment to provide the Tranche One Loan in the aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on the Commitment Schedule, as the same may be (a) reduced from time to time pursuant to Section 2.1.1(a) and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.13. The aggregate amount of the LendersTranche One Commitments is $10,000,000.
Tranche One Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Tranche One Revolving Loans pursuant to Section 2.01(a), to accept and purchase B/As pursuant to Section 2.06 and to acquire participations in Tranche One Swingline Loans and Tranche One Letters of Credit hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Tranche One Revolving Credit Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to Section 2.09 or assignments by or to such Lender pursuant to Section 11.04. The initial amount of each Lender’s Tranche One Commitment is set forth on Schedule 2.01 to the Amendment Agreement, or in the Assignment and Assumption or the Accession Agreement pursuant to which such Lender shall have assumed or acquired its Tranche One Commitment, as the case may be. The aggregate amount of the Tranche One Commitments on the Restatement Effective Date is US$505,000,000.
Tranche One Commitment means, collectively, the Tranche One Initial Advance Commitment and the Tranche One Post-Approval Commitment.
Tranche One Commitment means (i) with respect to each Tranche One Lender listed on the Commitment Schedule, the amount set forth opposite such Lender's name on the Commitment Schedule under the heading "Tranche One Commitment", (ii) with respect to each Substitute Lender which becomes a Tranche One Lender pursuant to Section 8.06, the amount of the Tranche One Commitment assumed by it pursuant to Section 8.06 and (iii) with respect to any Assignee which becomes a Tranche One Lender pursuant to Section 10.06(c), the amount of the transferor Tranche One Lender's Tranche One Commitment assigned to it pursuant to Section 10.06(c), in each case as such amount may be changed from time to time pursuant to Section 2.07, 2.08 or 10.06(c); provided
Tranche One Commitment means the obligation of a Tranche One Lender to extend credit up to such amount to the Borrowers hereunder.
Tranche One Commitment means, as to the Lender, the Lender’s commitment to provide the Tranche One Loan in the aggregate principal amount of $[ ] pursuant to Section 2.1.1(a).
Tranche One Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Tranche One Revolving Loans, to accept and purchase B/As and to acquire participations in Tranche One Swingline Loans and Tranche One Letters of Credit hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Tranche One Revolving Credit Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to Section 2.09 or assignments by or to such Lender pursuant to Section 11.04. The initial amount of each Lender’s Tranche One Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption or the Accession Agreement pursuant to which such Lender shall have assumed or acquired its Tranche One Commitment, as the case may be. The aggregate amount of the Tranche One Commitments on the Restatement Effective Date is US$355,000,000.