Bridge Commitment definition

Bridge Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant to Section 2.19 and the Bridge Facility Agreement, to make a Bridge Loan hereunder, expressed as an amount representing the maximum principal amount of the Bridge Loan to be made by such Lender.

Bridge Commitment means, as to each Bridge Lender, its obligation to make Bridge Loans to the Borrower pursuant to Section 2.01(b) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Bridge Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Bridge Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

Bridge Commitment as to any Lender, the obligation of such Lender, if any, to make a Bridge Loan to the Borrower hereunder in a principal amount not to exceed the amount set forth under the heading “Bridge Commitment” under such Lender’s name on such Lender’s Addendum. The original aggregate amount of the Bridge Commitments is $39,000,000.

Examples of Bridge Commitment in a sentence

• The Repatriation Bridge Commitment of each Repatriation Bridge Lender shall be automatically and permanently reduced to $0 on the Closing Date upon the making of the Repatriation Bridge Loans in accordance with Section 2.01.

• Subject to the terms and conditions set forth herein, each Repatriation Bridge Lender has severally agreed to make, on the Closing Date, a single loan in Dollars in an aggregate principal amount equal to its Repatriation Bridge Commitment.

• The Repatriation Bridge Commitment of each Repatriation Bridge Lender shall be automatically and permanently reduced to $0 on the Closing Date upon the making of the Repatriation Bridge Loans in accordance with ‎Section 2.01.

• A true and complete copy of the Credit Facility Commitment Letter, the Credit Facility Engagement Letter and the Bridge Commitment Letter have been furnished to the Company.

• On April 16, 2021, SYNNEX entered into the takeout facility and pursuant to the terms of the Bridge Commitment Letter, the commitments with respect to Tranche A and Tranche B of the Bridge Facility were reduced to zero.

More Definitions of Bridge Commitment

Bridge Commitment means, as to each Revolving Lender, its obligation to make Revolving Loans to the Borrower pursuant to Section 2.01(a), in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Revolving Lender’s name on Schedule 2.01(a).

Bridge Commitment means any Financing Commitment of the Lenders to make Bridge Advances with respect to Tranche B in an amount not to exceed $25,000,000. ​

Bridge Commitment means any Financing Commitment of the Lenders to make Bridge Advances with respect to Tranche B in an amount not to exceed $50,000,00025,000,000.

Bridge Commitment means “Commitment” as defined in the “Mittal Bridge Facility”.

Bridge Commitment means any Financing Commitment of the Lenders to make Bridge Advances in connection with a single Commitment Increase Request in an amount not to exceed $100,000,000, as set forth in Section 2.06.

Bridge Commitment means the amount set forth opposite each Bank's name in SCHEDULE 2.01 (such amount as the same may be reduced or increased as a result of one or more assignments pursuant to Section 10.08).

Bridge Commitment means, with respect to any Lender at any time, the amount set forth opposite such Lender’s name on Annex I under the caption “Bridge Commitment” or, if such Lender has entered into one or more Assignment and Assumptions following the Sixth Amendment Effective Date, the amount set forth for such Lender in the Register maintained by the Administrative Agent as such Lender’s “Bridge Commitment”.