B Term Commitment definition

B Term Commitment means, with respect to each Bank, the amount set forth opposite such Bank's name in Annex I hereto directly below the column entitled "B Term Commitment," as the same may be reduced from time to time pursuant to Section 3.02, 3.03 and/or 9 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 12.04.

B Term Commitment means, with respect to each Lender, (A) the amount, if any, set forth opposite such Lender's name on Annex I hereto directly below the column entitled "B Term Commitment" as the same may be (x) reduced or terminated from time to time pursuant to Section 2.02, 2.03 and/or 8 and/or (y) adjusted from time to time as a result of assignments to or from such Lender pursuant to Section 1.13 and/or 11.04 plus (B) the amount, if any, of a B Term Commitment of such Lender committed to pursuant to a B Term Commitment Renewal.

B Term Commitment of any Lender shall mean the Initial B Term Commitment and/or the Incremental B Term Commitment of such Lender.

Examples of B Term Commitment in a sentence

• Subject to the terms and conditions hereof, each Tranche B Term Lender severally agrees to make a term loan (a “Tranche B Term Loan”) to the Borrower on the Closing Date in an amount not to exceed the amount of the Tranche B Term Commitment of such Lender.

• Subject to the terms and conditions of this Agreement, each Tranche B Term Lender hereby agrees, severally and not jointly, to make a Tranche B Term Loan to the Borrower on the Closing Date in a principal amount equal to such Lender’s Tranche B Term Commitment.

• The Borrowing of such Term Loans shall be allocated in accordance with each Term Lender’s Tranche B Term Commitment.

• Each Term Lender’s Tranche B Term Commitment shall terminate immediately and without any further action upon the making of such Term Loan by such Term Lender or, if earlier, upon the earliest to occur of (x) 5:00 p.m., (New York time) on the Tranche B Commitment Termination Date (the “Tranche B Funding Deadline”) and (y) the Tranche A Funding Deadline if the Effective Date has not occurred by such time.

• Each Tranche B Term Lender severally agrees, on the term and conditions hereinafter set forth, to make a single advance (a "Tranche B Term Advance") to the Borrower on the date hereof in an amount not to exceed such Lender's Tranche B Term Commitment at such time.

More Definitions of B Term Commitment

B Term Commitment means, with respect to each Lender, the amount, if any, set forth opposite such Lender's name on Schedule 1.01 hereto directly below the column entitled "B Term Commitment" as the same may be reduced or terminated pursuant to Section 3.03.

B Term Commitment means, with respect to each Lender having a B Term Commitment, the commitment of such Lender to make a B Term Loan in an amount not exceeding the amount of such Lender’s B Term Commitment as set forth on Schedule 2.1 to the Prior Credit Agreement or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its B Term Commitment, as applicable, as such commitment may be reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.4.

B Term Commitment means, with respect to each Lender, the ----------------- amount, if any, set forth opposite such Lender's name on Schedule 1.01 hereto ------------- directly below the column entitled "B Term Commitment" as the same may be reduced or terminated pursuant to Section 3.03. ------------

B Term Commitment means, with respect to each Bank, the amount set forth opposite such Bank's name in Annex I hereto directly below

B Term Commitment means, with respect to each Lender having a B Term Commitment, the commitment of such Lender to make B Term Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender's B Term Loans hereunder. The initial amount of each applicable Lender's B Term Commitment is set forth on Schedule 2.1, as such B Term Commitment may be increased from time to time pursuant to Section 2.6(g). The aggregate amount of the B Term Commitments is the sum of $75,000,000 plus the aggregate amount of each increase, if any, in the B Term Commitments made from time to time pursuant to Section 2.6(g).

B Term Commitment means, with respect to each Bank, the amount, if any, set forth opposite such Bank's name on Annex I hereto directly below the column entitled "B Term Commitment" as the same may be terminated pursuant to Section 3.03.

B Term Commitment means a B Initial Term Loan Commitment or a B Delayed Draw Term Loan Commitment. The aggregate amount of the B Term Commitments as of the Closing Date is $1,800,000,000.