Class A-2 Commitment definition

Class A-2 Commitment means for each Class A-2 Lender, (a) prior to the Facility Termination Date, the commitment of such Lender to make Class A-2 Advances to the Borrower in an amount not to exceed, in the aggregate, the amount set forth opposite such Lender’s name on Annex B or pursuant to the assignment executed by such Lender and its assignee(s) and delivered pursuant to Article XV (as such Commitment may be reduced as set forth in Section 2.5), and (b) on and after the earlier to occur of (i) the Facility Termination Date and (ii) the end of the Revolving Period, such Lender’s pro rata share of all Class A-2 Advances outstanding.
Class A-2 Commitment means, with respect to any Class A-2 Note at any time, the maximum aggregate outstanding principal amount of advances, whether at the time funded or unfunded, that the Noteholder (or any Liquidity Providers with respect to such Noteholder) of such Class A-2 Note is obligated from time to time under the Class A-2 Purchase Agreement to make to the Issuer; provided that the aggregate Class A-2 Commitments in effect at any time shall not exceed the Maximum Class A-2 Commitment.
Class A-2 Commitment means for each Class A-2 Lender, (a) prior to the Facility Termination Date, the commitment of such Lender to make Class A-2 Advances (including, for the avoidance of doubt, any term loan Advances following conversion to a term loan commitment pursuant to Section 2.9) to the Borrower in an amount not to exceed, in the aggregate, the amount set forth opposite such Lender’s name on Annex B or pursuant to the assignment executed by such Lender and its assignee(s) and delivered pursuant to Article XV (as such Commitment may be reduced as set forth in Section 2.5), and (b) on and after the earlier to occur of (i) the Facility Termination Date and (ii) the end of the Revolving Period, such Lender’s pro rata share of all Class A-2 Advances outstanding. Upon any change to the Class A-2 Commitment, the Administrative Agent shall provide notice to Morningstar (via email at XXXXxxxxxxxxx@xxxxxxxxxxx.xxx).

Examples of Class A-2 Commitment in a sentence

  • The Class A-2 Commitment will reduce in accordance with Condition 7(n) (Redemption of the Class A Notes on a pro rata and pari passu basis) and will be cancelled in full on the Class A-2 Commitment Termination Date.

  • Should a Class A-2 Noteholder fail at any time prior to the Class A-2 Commitment Termination Date to have the Required Ratings, the applicable Class A-2 Noteholder may choose either to (i) transfer its Class A-2 Note to an eligible institution which has a Required Rating, or (ii) have a third party, which has a Required Rating, provide the requisite credit support.

  • Class A-2 Commitment Fees: The Class A-2 Notes shall also receive a commitment fee(the "Class A-2 Commitment Fee") of 0.23 per cent.

  • Prior to the Class A-2 Commitment Termination Date, the Class A- 2 Notes may be repaid (in whole or in part) on a pro rata basis on a Payment Date or, at the option of the Issuer and, subject to the payment of Class A-2 Break Funding Costs, on any other Business Day.

  • No provision of this Agreement or the Notes shall require the payment or permit the collection of Yield in excess of the maximum amount permitted by Applicable Law.(b) The Borrower shall pay any Utilization Fee and any Undrawn Fee on the dates specified in Section 3.2. Utilization Fees shall be payable, pro rata, to each Lender that holds a Class A-1 Commitment or Class A-2 Commitment (excluding any Class A-2 Commitment designated or assigned as term loans pursuant to Section 2.9).


More Definitions of Class A-2 Commitment

Class A-2 Commitment means, for each Committed Lender, (a) prior to the Facility Termination Date, the commitment of such Committed Lender to make Class A-2 Advances to the Borrower in an amount not to exceed, in the aggregate, the amount set forth opposite such Committed Lender’s name on Annex B or pursuant to the assignment executed by such Committed Lender and its assignee(s) and delivered pursuant to Article XV (as such Commitment may be reduced as set forth in Section 2.5), and (b) on and after the earlier to occur of (i) Facility Termination Date and (ii) the end of the Revolving Period, such Committed Lender’s pro rata share of all Class A-2 Advances outstanding.
Class A-2 Commitment means, in the case of any Holder, the obligation of such Holder at any time during the Revolving Period to make Advances in an aggregate principal amount not to exceed the initial Class A-2 Commitment of each Holder as set forth on Schedule 2.01 (in the case of an Initial Holder) or in the Assignment and Acceptance pursuant to which such Holder shall have assumed its Class A-2 Commitment, as applicable, as such obligation may be reduced from time to time pursuant to Section 2.05 or pursuant to assignments by or to such Holder pursuant to Section 6.03.
Class A-2 Commitment means, in respect of the Class A-2 Notes from and including the Closing Date to but excluding the Class A-2 Commitment Termination Date, an aggregate amount equal to €178,500,000, unless otherwise permanently reduced following the redemption of the Class A-2 Notes in accordance with the Note Payment Sequence.
Class A-2 Commitment means the obligation of the Class A-2 Noteholders at any time to make Class A-2 Advances in an aggregate amount up to but not exceeding €86,500,000 as the same may be reduced from time to time upon a partial redemption of the Notes in accordance with Condition 8(c) (Redemption Upon Breach of Coverage Tests), Condition 8(d) (Special Redemption) and Condition 8(e) (Redemption Upon Effective Date Rating Event).
Class A-2 Commitment means, in relation to any Class A-2 Noteholder and the Class A-1 Note held by by it, the obligation of such Class A-2 Noteholder or its Committed Facility Provider under each Class A-2 Note held at such time up to and including the Class A-2 Final Funding Date to make Class A-2 Advances in an aggregate principal amount equal to the initial Class A-2 Commitment of such Class A-2 Noteholder (as set out in the Class A-2 Note Purchase Agreement in the case of the initial Class A-2 Noteholder or, in relation to each other Class A-2 Noteholder, as set out in any transfer certificate pursuant to which such Class A-2 Noteholder shall have assumed its Class A-2 Commitment).
Class A-2 Commitment means, with respect to any Lender, the commitment of such Lender to fund Class A‑2 Loans in an aggregate amount not to exceed the amount designated as such set forth opposite such Lender’s name on the signature pages of this Agreement, as such amount may be modified in accordance with the terms hereof or reduced as set forth opposite such Lender’s name on such signature pages.
Class A-2 Commitment means for each Class A-2 Lender, (a) prior to the Facility Termination Date, the commitment of such Lender to make Class A-2 Advances to(including, Exhibit 10.1 for the avoidance of doubt, any term loan Advances following conversion to a term loan commitment pursuant to Section 2.9) to the Borrower in an amount not to exceed, in the aggregate, the amount set forth opposite such Lender’s name on Annex B or pursuant to the assignment executed by such Lender and its assignee(s) and delivered pursuant to Article XV (as such Commitment may be reduced as set forth in Section 2.5), and (b) on and after the earlier to occur of (i) the Facility Termination Date and (ii) the end of the Revolving Period, such Lender’s pro rata share of all Class A-2 Advances outstanding.