Existing Term Loan Commitment definition

Existing Term Loan Commitment means that portion of the Existing Term Loan made by and owing to Existing Term Loan Lender, as the same may be adjusted from time to time in accordance with the terms hereof.

Existing Term Loan Commitment has the meaning ascribed to such term in the Recitals hereto.

Existing Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Existing Term Loan and “Existing Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Existing Term Loan Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Existing Term Loan Commitments as of the Closing Date is $750,000,000.

Examples of Existing Term Loan Commitment in a sentence

• The aggregate amount of the Existing Term Loan shall not exceed the amount of the Existing Term Loan Commitment, as the same may from time to time be amended, with the written acknowledgment of Agent.

• Each Existing Term Loan Note (or, if an Existing Term Loan Note is not requested, this Agreement) shall represent the joint and several obligation of Borrowers to pay the applicable Existing Term Loan Commitment, together with interest hereon as prescribed in Section 1.5.

• No Lender shall be responsible for any default by any other Lender in the other Lender’s obligation to make a Loan requested hereunder nor shall the Revolving Loan Commitment or Existing Term Loan Commitment, as the case may be, of any Lender be increased or decreased as a result of the default by any other Lender in the other Lender’s obligation to make a Loan hereunder.

• The operation of this Section shall not be construed to increase or otherwise affect the Revolving Loan Commitment or Existing Term Loan Commitment of any Lender, or relieve or excuse the performance by any Borrower or any Obligor of their duties and obligations hereunder.

• Upon request by any Lender with a Existing Term Loan Commitment, each Borrower shall execute and deliver to such Lender a promissory note substantially in the form of Exhibit 1.1(b)(i) (each an “Existing Term Loan Note” and collectively the “Existing Term Loan Notes”).

More Definitions of Existing Term Loan Commitment

Existing Term Loan Commitment means (a) as to any Lender with a Existing Term Loan Commitment, the commitment of such Lender to make its Pro Rata Share of the Existing Term Loan as set forth on Annex J to the Agreement as in effect as of the Closing Date, and (b) as to all Lenders with a Existing Term Loan Commitment, the aggregate commitment of all Lenders to make the Existing Term Loan, which aggregate commitment shall be Three Million Nine Hundred Thirty-Seven Thousand Eight Hundred Ninety-Three and 06/100 Dollars ($3,937,893.06) on the Closing Date.

Existing Term Loan Commitment means, relative to any Lender, such Lender's obligation (if any) to make Existing Term Loans pursuant to Section 2.1.3 (as in effect on the Closing Date).

Existing Term Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Existing Term Loans to the Borrower on the Closing Date as set forth in clause (a) of Section 2.01 of the Original Credit Agreement and as reflected on Schedule 2.01 thereto, or in the Assignment and Acceptance pursuant to which such Lender assumed its Existing Term Loan Commitment, as the same may be reduced from time to time pursuant to Section 2.09.

Existing Term Loan Commitment means the commitment of a Lender to make or otherwise fund Existing Term Loans on the dates provided in the Existing Credit Agreement and “Existing Term Loan Commitments” means such commitments of all Lenders in the aggregate, it being acknowledged that all Existing Term Loan Commitments have expired and are no longer available.

Existing Term Loan Commitment means, with respect to each Lender, the commitment of such Lender to make the Existing Term Loan to the Borrowers prior to the Effective Date, in the amount set forth in Schedule 1 hereto, which commitment was fully funded and satisfied (with respect to Existing Term Loan outstanding on the Effective Date) prior to the Effective Date.

Existing Term Loan Commitment means (a) as to any Existing Lender, the obligation of such Existing Lender to make a portion of the Existing Term Loan pursuant to the Existing Credit Agreement prior to the Second Amendment Effective Date to the account of the Borrower hereunder in an aggregate principal amount not to exceed the amount set forth opposite such Existing Lender’s name under the heading “Existing Term Loan Commitment” on Part B of Schedule 1.1(a) hereto and (b) as to all Existing Lenders, the aggregate commitment of all Existing Lenders to make such Existing Term Loans. The Existing Term Loan Commitments were satisfied by the Existing Lenders on the Closing Date and the First Amendment Effective Date, as applicable. The total Existing Term Loan in the aggregate principal amount of $74,250,000 was advanced on the Closing Date and the First Amendment Effective Date, as applicable, thereby terminating the Existing Term Loan Commitments.

Existing Term Loan Commitment means, as to each Lender, its obligation to make its portion of the Existing Term Loan to the Borrowers pursuant to Section 2.01(b) and the other terms and conditions of this Agreement, in the principal amount set forth opposite such Lender’s name on Schedule 2.01 as of the Closing Date, as such amounts may be adjusted from time to time in accordance with this Agreement. The aggregate principal amount of the Existing Term Loan Commitments of all of the Lenders as in effect on the Closing Date was TWO HUNDRED MILLION DOLLARS ($200,000,000). As of the First Amendment Effective Date, the Existing Term Loan has been fully drawn and the undrawn Existing Term Loan Commitment has been permanently reduced to zero ($0) Dollars.