Initial Loan Commitment definition

Initial Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make an Initial Loan hereunder up to the amount set forth on Schedule I, or in the Assignment and Assumption pursuant to which such Lender assumed its Initial Commitment, as applicable, as the same may be (a) reduced from time to time or terminated pursuant to this Agreement and (b) increased from time to time pursuant to assignments to such Lender pursuant to Section 10.06. The aggregate amount of the Initial Commitments on the Closing Date is $1,000,000,000.00.

Initial Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make an Initial Loan hereunder on the Closing Date, expressed as an amount representing the maximum principal amount of the Initial Loan to be made by such Lender hereunder. The amount of each Lender’s Initial Loan Commitment is set forth on Schedule 2.01. The aggregate amount of the Lenders’ Initial Loan Commitments is $318,000,000.

Initial Loan Commitment means with respect to each Lender, the commitment, if any, of such Lender to make an Initial Loan hereunder on the Funding Date in the amount set forth on Schedule I. The aggregate amount of the Lenders’ Initial Loan Commitments on the Closing Date is $160,000,000.

Examples of Initial Loan Commitment in a sentence

• The Commitment Fee is due and payable in full on the Initial Loan Commitment Termination Date, shall be fully earned when paid and be nonrefundable for any reason whatsoever and, in the Borrower’s sole discretion, may be netted from the proceeds of the Initial Loans.

• Subject to the terms and conditions set forth herein, each Lender severally agrees (a) to make a single Initial Loan on the Funding Date to the Borrower, in an amount equal to its Initial Loan Commitment and (b) to make Delayed Draw Loans to the Borrower, at any time and from time to time during the Delayed Draw Availability Period in accordance with the terms hereof, in an amount that will not exceed such Lender’s Delayed Draw Commitment.

• The Upfront Fee is due and payable in full on the Initial Loan Commitment Termination Date, and shall be fully earned when paid and be nonrefundable for any reason whatsoever.

• The Initial Loan Commitments shall automatically terminate upon the occurrence of the Initial Loan Commitment Termination Date.

• The Commitment Fee Rate means (x) from the Closing Date until the date that is the earlier of(A) the Initial Loan Commitment Termination Date and (B) the 30th day after the Closing Date, [ ]%, (ii) from the 31st day after the Closing Date until the date that is the earlier of (A) the Initial Loan Commitment Termination Date and (B) April 4, 2018, [ ]% and (iii) from April 5, 2018 through the Initial Loan Commitment Termination Date, [ ]%.

More Definitions of Initial Loan Commitment

Initial Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Initial Loans hereunder up to the amount set forth on Part A of Schedule I, or in the Assignment and Assumption pursuant to which such Lender assumed its Initial Loan Commitment, as applicable, as the same may be (a) reduced from time to time or terminated pursuant to this Agreement and (b) increased from time to time pursuant to assignments to such Lender pursuant to Section 10.06. The aggregate amount of the Initial Loan Commitments on the Closing Date was $500,000,000. There are no Initial Loan Commitments outstanding on the Amendment No. 3 Effective Date.

Initial Loan Commitment means, with respect to each Lender, the commitment of such Lender to make the Initial Loan on the Effective Date in the amount set forth opposite such Lender’s name under the heading “Initial Loan Commitment” on Schedule 1.01(A) hereto, or in the Assignment and Acceptance pursuant to which such Lender became a Lender under this Agreement, as the same may be terminated or reduced from time to time in accordance with the terms of this Agreement.

Initial Loan Commitment means, with respect to each Lender, the commitment of such Lender to make an Initial Loan hereunder, in an aggregate principal amount as set forth opposite the name of such Lender in the column entitled "Initial Loan Commitment" in the table appearing on Annex 2.1.

Initial Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make an Initial Loan hereunder up to the amount set forth on S chedule I, or in the Assignment and Assumption pursuant to which such Lender assumed its Initial Commitment, as applicable, as the same may be (a) reduced from time to time or terminated pursuant to this Agreement and (b) increased from time to time pursuant to assignments to such Lender pursuant to S ection 10.06. The aggregate amount of the Initial Commitments on the Closing Date is $1,000,000,000.00.

Initial Loan Commitment means, (a) in the case of each Lender that is a Lender on the Restatement Date, the amount set forth opposite such Lender’s name on Schedule 2.01 as such Lender’s “Initial Loan Commitment” and (b) in the case of any Lender that becomes a Lender after the date hereof, the amount specified as such Lender’s “Initial Loan Commitment” in the Assignment and Acceptance pursuant to which such Lender assumes a portion of the Initial Loan Commitments, as the same may be changed from time to time pursuant to the terms hereof. The aggregate amount of the Initial Loan Commitments as of the Restatement Date totals $700.0 million.

Initial Loan Commitment. With respect to each Lender, the amount set forth on Schedule 1 hereto as the amount of such Lender's commitment to make the Initial Loan to the Borrower.

Initial Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Initial Loans hereunder on the Amendment No. 4 Effective Date up to the amount set forth on Schedule I in the column titled “New Initial Loans” or in the Assignment and Assumption pursuant to which such Lender assumed its Initial Loan Commitment, as applicable, in each case, as the same may be (i) reduced from time to time or terminated pursuant to this Agreement and (ii) increased from time to time pursuant to assignments to such Lender pursuant to Section 10.06. The aggregate amount of the Initial Loan Commitments on the Amendment No. 4 Effective Date, immediately prior to the funding of the Loans in accordance with Section 2.01(a), is $1,150,000,000.