Extended Term Commitment definition

Extended Term Commitment means one or more commitments hereunder to convert Term Loans under an Existing Term Loan Facility to Extended Term Loans of a given Term Loan Extension Series pursuant to an Extension Amendment.
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Extended Term Commitment means as to any Lender its commitment to provide Extended Term Loans pursuant to Section 2.12 [Extended Term Loans and Extended Revolving Credit Commitments].
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Extended Term Commitment means the Term Commitment of any Term Lender that agrees to an extension of the Maturity Date with respect to such Term Commitment pursuant to a Maturity Date Extension Request, as such commitment may be adjusted from time to time pursuant to this Agreement.
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Examples of Extended Term Commitment in a sentence

  • If Customer’s Total Service Charges do not meet or exceed the Extended Term Commitment at the expiration of the Extended Term, then Customer shall pay: (a) all accrued but unpaid charges incurred under this Agreement; and (b) an "Underutilization Charge" in an amount equal to twenty-five percent (25%) of the difference between the Extended Term Commitment and Customer's Total Service Charges during the Extended Term.

  • If Customer elects an Optional Extended Term as described above, Customer agrees to pay Company no less than $2,100,000 in Usage Charges during the Optional Extended Term Commitment.

  • If Customer chooses to utilize the Extended Term the Extended Term Commitment shall be either (a) 1/3rd of the original Term Volume Commitment or (b) 705 of the average contributable spend of Months 30, 31and 32 multiplied by 12, whichever lower.

  • If, during the Optional Extended Term, Customer’s Total Service Charges do not meet or exceed the Optional Extended Term Commitment, then Customer shall pay: (a) all accrued but unpaid charges incurred under the Agreement; and (b) an “Underutilization Charge” equal to 50% of the difference between the Optional Extended Term Volume Commitment and Customer’s Total Service Charges during such period plus a pro rata portion of any credits received by Customer.

  • During the Ramp Down Period, the terms and conditions will apply except that (i) the TVC will not apply, (ii) the Extended Term Commitment will not apply, (iii) the Additional Extended Term Volume Commitment will not apply, and (iv) Company may reduce the reporting, service level agreements and account team support to the standard levels available in the Guide or Tariffs.


More Definitions of Extended Term Commitment

Extended Term Commitment has the meaning specified in Section 2.16(a).
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Related to Extended Term Commitment

  • Initial Term Commitment means, as to each Term Lender, its obligation to make an Initial Term Loan to the Borrowers pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 (as in effect on the Closing Date) under the caption “Initial Term Commitment,” as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Initial Term Commitments is $350,000,000.

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Other Term Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment or Loan Modification Agreement.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Term Commitment means, as to each Term Lender, its obligation to make Term 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 Term Lender’s name on Schedule 2.01 under the caption “Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Total Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.