Effective Date Term Loan Commitment definition

Effective Date Term Loan Commitment means, with respect to each Lender, the commitment of such Lender to make the Term Loans to the Borrowers on the Effective Date in the amount set forth in Schedule 1.01(A) hereto under the heading “Effective Date Term Loan Commitment”, as the same may be terminated or reduced from time to time in accordance with the terms of this Agreement.
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Effective Date Term Loan Commitment expressed as an amount representing the maximum principal amount of the Effective Date Term Loan to be made by such Lender hereunder, as such commitment may be reduced or increased from time to time pursuant to this Agreement and as amended to reflect assignments. Unless the context shall otherwise require, the term “Effective Date Term Loan Commitments” shall include any commitment to Replacement Term Loans of such Lender. The aggregate amount of the Effective Date Term Loan Commitments as of the Effective Date is $175,000,000.
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Effective Date Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Effective Date Term Loan and “Effective Date Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Effective Date Term Loan Commitment, if any, is set forth on Schedule 1.1(a) under the column “Effective Date Term Loan Commitment” or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Effective Date Term Loan Commitments as of the Effective Date is $310,000,000. “Effective Date Term Loan Exposure” means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Effective Date Term Loan Commitment or, after the funding thereof, the Effective Date Term Loans of such Lender. “Effective Date Term Loans” means the term loans made by the Lenders on the Effective Date to Parent pursuant to Section 2.1(a)(i). “Eligible Assignee” means (i) any Lender, any Affiliate of any Lender and any Related Fund (any two or more Related Funds being treated as a single Eligible Assignee for all purposes hereof), and (ii) any commercial bank, insurance company, investment or mutual fund or other entity that is an “accredited investor” (as defined in Regulation D under the Securities Act) and which extends credit or buys loans in the ordinary course of business; provided that no natural person, Loan Party, Excluded Institution or any Affiliate (other than any Debt Fund Affiliate of Parent or, if the additional limitations set forth in Section 10.6(h) are satisfied, any other Affiliate of Parent that is not a Debt Fund Affiliate) of the foregoing shall be an Eligible Assignee. “Employee Benefit Plan” means any “employee benefit plan” as defined in Section 3(3) of ERISA which is sponsored, maintained or contributed to by, or required to be contributed to by, Parent or any of its ERISA Affiliates or which was sponsored, maintained or contributed to by, or required to be contributed to by, Parent or any of its ERISA Affiliates during the immediately preceding five plan years. “Environmental Claim” means any investigation, notice, notice of violation, claim, action, suit, proceeding, demand, abatement order or other order or directive (conditional or otherwise), by any Governmental Authority or any other Person, arising (i) pursuant to or in connection with any actual or alleged violation of any Environmental Law; (ii) in connection...
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Examples of Effective Date Term Loan Commitment in a sentence

  • Each of (i) the Total Effective Date Term Loan Commitment and the Total Delayed Draw Term Loan Commitment and (ii) the Total Term Loan Commitment, the Effective Date Term Loan Commitment and the Delayed Draw Term Loan Commitment of each Lender, shall be terminated or reduced, as applicable, in accordance with Section 2.01(b).

  • In addition, the Total Term Loan Commitment, the Effective Date Term Loan Commitment and the Delayed Draw Term Loan Commitment of each Lender shall be terminated in accordance with Section 2.01(b).

  • The Total Effective Date Term Loan Commitment shall be permanently terminated immediately and without further action upon the funding of the Term Loan on the Effective Date.

  • The Total Effective Date Term Loan Commitment shall terminate upon the making of the initial Term Loan in full on the Effective Date.

  • Funding for some centrally provided services must be allocated direct to schools through the formula but can then be returned to the LA by maintained schools via local de-delegation agreement.

Related to Effective Date Term Loan Commitment

  • 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).

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).