Term Commitment Increase definition

Term Commitment Increase has the meaning specified in Section 2.14(a).
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Term Commitment Increase has the meaning assigned to such term in Section 2.20(b).
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Term Commitment Increase has the meaning specified in Section 2.14(a). “Term Facility” means a facility in respect of any Term Loan Tranche, as the context may require. “Term Lender” means (a) at any time on or prior to the Closing Date, any Lender that has an Initial Term Commitment at such time and (b) at any time after the Closing Date, any Lender that holds Term Loans and/or Term Commitments at such time. “Term Loan” means an advance made by any Term Lender under any Term Facility. “Term Loan Tranche” means the respective facility and commitments utilized in making Term Loans hereunder, with there being one Tranche on the Closing Date, i.e. Initial Term Loans and Initial Term Commitments. Additional Term Loan Tranches may be added after the Closing Date, i.e., New Term Loans, Specified Refinancing Term Loans, New Term Commitments and Specified Refinancing Term Commitments. “Term Note” means a promissory note of the Borrower payable to any Term Lender or its registered assigns, in substantially the form of Exhibit B-1 hereto, evidencing the indebtedness of the Borrower to such Term Lender resulting from the Term Loans under the same Term Loan Tranche made or held by such Term Lender. “Term SOFR” means, (a) for any Interest Period with respect to a SOFR Loan, the rate per annum equal to the Term SOFR Screen Rate two U.S. Government Securities Business Days prior to the commencement of such Interest Period with a term equivalent to such Interest Period; provided that if the rate is not published prior to 11:00 a.m. on such determination date then Term SOFR means the Term SOFR Screen Rate on the first U.S. Government Securities Business Day immediately prior thereto, and (b) for any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to the Term SOFR Screen Rate with a term of one month commencing that day; provided, that such rate pursuant to this clause (b) shall not be less than the Floor. “Term SOFR Administrator” means CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Screen Rate selected by the Administrative Agent in its reasonable discretion). “Term SOFR Loan” means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”. “Term SOFR Screen Rate” means the forward-looking SOFR term rate administered by the Term SOFR Administrator and published on the applicable Reuters screen page (or such other commercially available sour...
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Examples of Term Commitment Increase in a sentence

  • The terms and provisions of the Term Commitment Increase shall be on terms of which are identical to the Term Loan Facility at the time of the incurrence of such Incremental Facility.


More Definitions of Term Commitment Increase

Term Commitment Increase has the meaning set forth in Section 2.15(a). “Term Loan” has the meaning set forth in Section 2.01(a).
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Term Commitment Increase as defined in Section 2.1.
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Term Commitment Increase has the meaning specified in Section 2.14(a). For the avoidance of doubt, the 2023 Incremental Term Commitment shall constitute a Term Commitment Increase pursuant to the Second Amendment.
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Related to Term Commitment Increase

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • Revolving Credit Commitment Increase has the meaning specified in Section 2.14(a).

  • Term Commitments means an Initial Term Commitment or a commitment in respect of any Incremental Term Loans or any combination thereof, as the context may require.

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(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.

  • Commitment Increase Supplement as defined in subsection 2.20(c).

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Incremental Commitment means an Incremental Term Loan Commitment or an Incremental Revolving Facility Commitment.

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

  • 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.