Examples of Additional Term B-1 Commitment in a sentence
The Additional Term B-1 Commitment of each Term Lender shall be automatically and permanently reduced to $0 upon the earlier of (i) the making of such Term Lender’s Term B-1 Loans pursuant to Section 2.01(a) and (ii) 5:00 p.m. on the Closing Date.
Subject to the terms and conditions set forth herein and in Amendment Xx. 0, xxxx Xxxxxxxxxx Xxxx X-0 Lender severally agrees to make an Additional Term B-1 Loan (which shall be considered an increase to (and part of) the Term B-1 Loans) to the Borrowers on the Effective Date in the principal amount equal to its Additional Term B-1 Commitment on the Effective Date.
The Additional Term B-1 Commitment shall be automatically and permanently reduced to zero upon the making of the Additional Term B-1 Lender’s Additional Term B-1 Loans pursuant to Section 2.01(b).
The Additional Term B-1 Commitment of each Term Lender shall be automatically and permanently reduced to $0 upon the making of such Term Lender’s Additional Term B-1 Loans pursuant to Section 2.01.
On the Amendment No. 1 Effective Date (after giving effect to the funding of the Term B-1 Loans by the Additional Term B-1 Lender representing the full amount of the Additional Term B-1 Commitment and the Term B-2 Loans to be made on such date), the Additional Term B-1 Commitment of the Additional Term B-1 Lender and the Term B-2 Commitments of each Term Lender with a Term B-2 Commitment will automatically and permanently terminate.