Tranche B-1 Term Loan Commitment definition

Tranche B-1 Term Loan Commitment means the sum of the Initial Tranche B-1 Term Loan Commitments and the Euro Tranche B-1 Term Loan Commitments of all the Lenders.

Tranche B-1 Term Loan Commitment means, (a) in the case of each Lender that is a Lender on the Effective Date, the amount of such Lender’s commitment to make Tranche B-1 Term Loans pursuant to and in accordance with the Amendment and Joinder Agreement on the Amendment Effective Date and (b) in the case of any Lender that is not covered by clause (a) of this definition and becomes a Lender after the Closing Date, the amount specified as such Lender’s “Tranche B-1 Term Loan Commitment” in the Assignment and Acceptance pursuant to which such Lender renewed a portion of the Tranche B-1 Term Loan Commitment, as the case may be, in each case as the same may be changed from time to time pursuant to the terms hereof.

Tranche B-1 Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Tranche B-1 Term Loan and “Tranche B-1 Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B-1 Term Loan Commitment, if any, is set forth on Schedule 1.01(a) or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B-1 Term Loan Commitments as of the Restatement Date is $325,000,000.

Examples of Tranche B-1 Term Loan Commitment in a sentence

• Subject to the terms and conditions set forth herein, each Tranche B-1 Term Lender severally agrees to make a single loan to the Borrower on the Restatement Effective Date in an amount not to exceed such Tranche B-1 Term Lender’s Tranche B-1 Term Loan Commitment.

• The Department also reserves the right to take disciplinary action, as necessary, to ensure compliance with all laws.

• If a candidate withdraws or is dismissed and would like to transfer to another Educator Preparation Program they must be in good financial standing in order for the Region 13 Educator Certification Program Certification Officer to complete the required TEA Transfer form.

• The U.S. Borrower may only make one borrowing of each of the New Tranche B-1 Term Loan Commitment and New Tranche B-2 Term Loan Commitment and, once repaid, the New Tranche B-1 Term Loans and New Tranche B-2 Term Loan may not be reborrowed.

• Subject to and upon the terms and conditions set forth herein, each Lender with a Tranche B-1 Term Loan Commitment severally agrees to make a term loan in Dollars (each, a “Tranche B-1 Term Loan” and, collectively, the “Tranche B-1 Term Loans”) to the U.S. Borrower on the Amendment No. 3 Effective Date in an amount equal to its Tranche B-1 Term Loan Commitment.

More Definitions of Tranche B-1 Term Loan Commitment

Tranche B-1 Term Loan Commitment means, with respect to each Lender, the amount set forth opposite such Lender’s name on Schedule 1.1(c) as such Lender’s “Tranche B-1 Term Loan Commitment”, as the same may be changed from time to time pursuant to the terms hereof. The aggregate amount of the Tranche B-1 Term Loan Commitments as of the Closing Date is $475,000,000.

Tranche B-1 Term Loan Commitment means, with respect to a Cashless Option Lender, the agreement of such Cashless Option Lender to exchange its Existing Term Loans for an equal aggregate principal amount of Tranche B-1 Term Loans (or such lesser amount as determined by the Amendment No. 1 Arrangers) on the Amendment No. 1 Effective Date, as evidenced by such Existing Term Loan Lender executing and delivering Amendment No. 1.

Tranche B-1 Term Loan Commitment shall have the meaning assigned to such term in the Fourth Amendment. As of the Fourth Amendment Closing Date, the aggregate amount of the Tranche B-1 Term Loan Commitments is $765,000,000.

Tranche B-1 Term Loan Commitment means the commitment of JPMCB to make a Tranche B-1 Term Loan to the Borrower hereunder in a principal amount equal up to $12,000,000.

Tranche B-1 Term Loan Commitment means, with respect to a Tranche B Term Loan Lender, the agreement of such Tranche B Term Loan Lender to exchange its Tranche B Term Loans for an equal aggregate principal amount of Tranche B-1 Term Loans on the Amendment No. 1 Effective Date, as evidenced by such Tranche B Term Loan Lender executing and delivering Amendment No. 1.

Tranche B-1 Term Loan Commitment means, as to each Tranche B-1 Term Loan Lender, its obligation to make Tranche B-1 Term Loans to the Borrowers (i) pursuant to Amendment No. 1 on the Amendment No. 1 Funding Date in an aggregate principal amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Tranche B-1 Term Loan Commitment”, (ii) in the Assignment and Assumption pursuant to which such Lender becomes a party hereto and (iii) pursuant to Section 2.14 in an aggregate principal amount at any one time outstanding not to exceed the amount agreed to by such Lender in compliance with Section 2.14, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement; provided that, from and after the Amendment No. 3 Funding Date, “Tranche B-1 Term Loan Commitment” shall include the 2021-1 Incremental Term Commitments. The aggregate amount of Tranche B-1 Term Loan Commitments on the Amendment No. 1 Funding Date is $744,375,000.

Tranche B-1 Term Loan Commitment means (i) with respect to a Cashless Option Lender, the agreement of such Cashless Option Lender to exchange its Existing Term Loans for an equal aggregate principal amount of Tranche B-1 Term Loans (or such lesser amount as determined by the Amendment No. 1 Arrangers) on the Amendment No. 1 Effective Date, as evidenced by such Existing Term Loan Lender executing and delivering Amendment No. 1 and (ii) with respect to an Additional Tranche B-1 Term Loan Lender, such Lender’s Additional Tranche B-1 Term Loan Commitment.