Delayed Draw Term B Commitment definition

Delayed Draw Term B Commitment means, relative to any Lender, such Lender’s obligation (if any) to make Delayed Draw Term B Loans pursuant to clause (b) of Section 2.1.3.
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Delayed Draw Term B Commitment means the Delayed Draw Incremental Term Commitments, as set forth in the Incremental and
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Delayed Draw Term B Commitment means, with respect to any Lender, the commitment of such Lender, in an aggregate principal amount at any time outstanding of up to such Lender’s Delayed Draw Term B Commitment Percentage of $30,000,000 (less amounts funded thereunder as Term B-3 Loans from time to time and less reductions in the Delayed Draw Term B Commitments pursuant to the following sentence), to make Term B-3 Loans in accordance with the provisions of Section 2.01(d). If at any time the aggregate unfunded Delayed Draw Term B Commitments exceed the aggregate outstanding amount of the then remaining Applicable Principal Amortization Payments, then the unfunded portion of each Lender’s Delayed Draw Term B Commitment shall be automatically and irrevocably reduced by its Delayed Draw Term B Commitment Percentage of the amount of such excess.
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Examples of Delayed Draw Term B Commitment in a sentence

  • On the Delayed Draw Term B Commitment Termination Date, one hundred percent of the unfunded portion of the Delayed Draw Term B Commitments shall immediately and irrevocably terminate.

  • Notwithstanding anything to the contrary contained in this Agreement or any other Financing Document, both before and after the Delayed Draw Term B Commitment Termination Date, all amounts repaid or prepaid on account of Term B-3 Loans may not be reborrowed.

  • The facts are the same as in paragraph (i)(A) of Example 1 of this paragraph (f), except that FC only owns A1 (basis $40, value $150) and A2 (basis $120, value$30) and F owns A3 (basis $140, value $20).

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  • The Delayed Draw Term B Commitment of the applicable Term B Lenders shall terminate automatically on the Delayed Draw Term B Commitment Termination Date.

  • The “ Class” of a Loan (or of a Commitment to make such a Loan or of a Borrowing comprised of such Loans) refers, as applicable, to whether such Loan is a Revolving Loan in the nature of an R-1 Revolving Loan or R-2 Revolving Loan or a Term B Loan in the nature of a Term B-1 Loan, Term B-2 Loan or a Term B-3 Loan or to whether such Commitment is a Commitment in the nature of an R-1 Revolving Commitment, R-2 Revolving Commitment or Delayed Draw Term B Commitment.

  • The Borrower shall pay to the Administrative Agent for the account of each Term B Lender with a Delayed Draw Term B Commitment a fee on such Term B Lender’s Delayed Draw Term B Commitment Percentage of the daily Unused Delayed Draw Term B Committed Amount, computed at a per annum rate for each day equal to 1.50% of such Unused Delayed Draw Term B Committed Amount.

  • The “Class” of a Loan (or of a Commitment to make such a Loan or of a Borrowing comprised of such Loans) refers, as applicable, to whether such Loan is a Revolving Loan in the nature of an R-1 Revolving Loan or R-2 Revolving Loan or a Term B Loan in the nature of a Term X-0 Xxxx, Xxxx X-0 Loan or a Term B-3 Loan or to whether such Commitment is a Commitment in the nature of an R-1 Revolving Commitment, R-2 Revolving Commitment or Delayed Draw Term B Commitment.

  • Subject to the terms and conditions set forth herein, each Delayed Draw Term B Holder agrees to make Delayed Draw Term B Loans to the Company in an aggregate principal amount equal to the full amount of its Delayed Draw Term B Commitment in a single drawing during the Delayed Draw Term A and Term B Availability Period.

  • Once designated a Term B-1 Loan, Term B-2 Loan or Term B-3 Loan or Delayed Draw Term B Commitment, as applicable, the portion of the Term B Loan or Commitment, as applicable, so designated shall maintain such designation until the applicable Term B Loan has been repaid in full or the applicable Commitment expires or is terminated, in each case, in accordance with the terms of this Agreement regardless of the holder thereof.


More Definitions of Delayed Draw Term B Commitment

Delayed Draw Term B Commitment means, with respect to any Lender, the commitment of such Lender, in an aggregate principal amount at any time outstanding of up to such Lender’s Delayed Draw Term B Commitment Percentage of$30,000,000 (less amounts funded thereunder as Term B-3 Loans from time to time and less reductions in the Delayed Draw Term B Commitments pursuant to the following sentence), to make Term B-3 Loans in accordance with the provisions of Section 2.01(d). If at any time the aggregate unfunded Delayed Draw Term B Commitments exceed the aggregate outstanding amount of the then remaining Applicable Principal Amortization Payments, then the unfunded portion of each Lender’s Delayed Draw Term B Commitment shall be automatically and irrevocably reduced by its Delayed Draw Term B Commitment Percentage of the amount of such excess.
Sample 1
Delayed Draw Term B Commitment means, with respect to each Delayed Draw Term B Holder, the agreement of such Holder to fund its portion of the Delayed Draw Term B Loans to the Company during the Delayed Draw Term A and Term B Availability Period. The initial maximum amount of each Delayed Draw Term B Holder’s Delayed Draw Term Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Holder shall have assumed its Delayed Draw Term B Commitment, as applicable. As of the Amendment Closing Date, the aggregate original amount of the Delayed Draw Term B Commitments is $25,000,000.
Sample 1
Delayed Draw Term B Commitment means the Delayed Draw Incremental Term Commitments, as set forth in the Incremental and Amendment and Restatement Agreement.
Sample 1

Related to Delayed Draw Term B Commitment

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

  • Term B Commitment means, as to each Term B Lender, its obligation to make Term B Loans to the Borrower pursuant to Section 2.1(c) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term B Lender’s name on Schedule 2.1 under the caption “Term B Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term B Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.

  • Term A Commitment means, as to each Term A Lender, its obligation to make Term A Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term A Lender’s name on Schedule 2.01 under the caption “Term A Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term A Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Facility B Commitment means, with respect to each Facility B Lender, the commitment, if any, of such Lender to make Facility B Revolving Loans and to acquire participations in Facility B Letters of Credit, Facility B Protective Advances and Facility B Swingline Loans, expressed as an amount representing the maximum possible aggregate amount of such Lender’s Facility B Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09, (b) assignments by or to such Lender pursuant to Section 9.04 and (c) Section 2.22. The initial amount of each Lender’s Facility B Commitment is set forth on the Commitment Schedule, in the Assignment and Assumption pursuant to which such Lender shall have assumed its Facility B Commitment or in the supplement to this Agreement pursuant to which such Lender shall have provided an additional Facility B Commitment in accordance with Section 2.22, as applicable. The initial aggregate amount of the Lenders’ Facility B Commitments is $200,000,000.

  • Term B Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Term B Loans hereunder. The amount of each Lender’s Term B Loan Commitment as of the Closing Date is set forth on Schedule 2.01. The aggregate amount of the Term B Loan Commitments as of the Closing Date is $4,700.0 million.

  • Tranche B Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TCCI pursuant to Section 2.1(b) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche B Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche A Term Commitment as to any Lender, the obligation of such Lender, if any, to make a Tranche A Term Loan to the Borrower on the Incremental Facilities Closing Date in a principal amount not to exceed the amount set forth under the heading “Tranche A Term Commitment” opposite such Lender’s name on Schedule 1.1A. The original aggregate amount of the Tranche A Term Commitments is $20,000,000.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Term Commitment means, as to each Term Lender, its obligation to make Term Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term Lender’s name on Schedule 2.01 under the caption “Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Term Commitments means an Initial Term Commitment or a commitment in respect of any Incremental Term Loans or any combination thereof, as the context may require.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Term A Loan Commitment means, for each Lender, the commitment of such Lender to make its portion of the Term A Loan, in the principal amount with respect to each such Lender equal to the amount set forth opposite the name of such Lender under "Term A Loan Commitment" on Schedule 1.01(A).

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Tranche A Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche A Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche A Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender's Tranche A Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Tranche A Commitment, as applicable. The initial aggregate amount of the Lenders' Tranche A Commitments is $50,000,000.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 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 Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Loan Commitment has the meaning set forth in Section 2.1.

  • Total Facility B Commitments means the aggregate of the Facility B Commitments, being US$830,000,000 at the date of this Agreement.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.