Establishment of Term Commitment Sample Clauses

Establishment of Term Commitment. (a) Subject to the terms and conditions set forth herein and in accordance with Section 2.14 of the Existing Credit Agreement, a new term loan in the original principal amount of $250,000,000 (the “Term Loan”) is hereby established pursuant to Section 2.14 of the Credit Agreement. The Required Lenders hereby waive that the requirement in Section 2.14(f) of the Credit Agreement that Borrower deliver a certificate of each the Loan Party certifying and attaching the resolutions adopted by such Loan Party approving such increase in the Aggregate Commitments, provided that the Borrower shall deliver a certificate of the Borrower and Limited pursuant to Section 6(f) of this Fourth Amendment. (b) Subject to the terms and conditions set forth herein and in accordance with Section 2.01(b) of the Amended Credit Agreement, each Incremental Lender severally agrees to make its portion of the Term Loan in a single advance in Dollars to the Borrower on the Fourth Amendment Effective Date in an amount not to exceed such Lender’s Term Loan Commitment. §