Initial Term B Loan Commitment means, with respect to each Term Lender, the commitment of such Term Lender to make Initial Term B Loans hereunder. The amount of each Term Lender’s Initial Term B Loan Commitment as of the Effective Date is set forth on Schedule 2.01. The aggregate amount of the Initial Term B Loan Commitments as of the Effective Date is $3,950,000,000.
Initial Term B Loan Commitment means, with respect to each Term Loan Lender, the commitment of such Term Loan Lender to make Initial Term B Loans hereunder. The amount of each Term Loan Lender’s Initial Term B Loan Commitment as of the Effective Date is set forth on Schedule 1.01A. The aggregate amount of the Initial Term B Loan Commitments as of the Effective Date is $1,050,000,000.
Initial Term B Loan Commitment means, as to any Lender, the obligation of such Lender to make Initial Term B Loans hereunder (including by way of conversion of Existing Term B Loans) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1 attached hereto and made a part hereof, as the same may be reduced pursuant to Section 2.10. The Borrower and the Initial Term B Lenders acknowledge and agree that the Initial Term B Loan Commitments of the Initial Term B Lenders aggregate $765 million as of the date hereof.
Examples of Initial Term B Loan Commitment in a sentence
On the Effective Date (after giving effect to the funding of the Initial Term B Loans on such date), the Initial Term B Loan Commitments of each Term Lender with an Initial Term B Loan Commitment as of the Effective Date will automatically and permanently terminate.
Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, each Term B Lender made a term loan (an “Initial Term B Loan”) to the Borrower on the Closing Date in a principal amount equal to such Lender’s Initial Term B Loan Commitment as in effect on the Closing Date.
The Borrower shall have paid each Lender an upfront fee equal to 0.50% of its Initial Term B Loan Commitment on the Closing Date (as in effect immediately before giving effect to the termination thereof pursuant to Section 2.1(a)), with such payment to be earned by, and payable to, each such Lender on the Closing Date.
The outcome of the aforementioned phenomena is this research project assigned by the Centre for Competitiveness to the authors.
On the Closing Date (after giving effect to the incurrence of Initial Term B Loans on such date), the Initial Term B Loan Commitment of each Lender shall terminate.
More Definitions of Initial Term B Loan Commitment
Initial Term B Loan Commitment means, as to any Person at any time, the amount initially set forth opposite such Person’s name on Schedule 1.1(B) (as amended by Amendment No. 1) in the column labeled “Initial Term B Loan Commitment,” as such Commitment is thereafter assigned or modified, and “Initial Term B Loan Commitments” shall mean the aggregate Initial Term B Loan Commitments of all of the such Persons.
Initial Term B Loan Commitment means, with respect to each Term Lender, the commitment of such Term Lender to make Initial Term B Loans hereunder in an aggregate amount not to exceed the amount set forth opposite such Term Lender’s name on Schedule 1-B to Amendment No. 1, as the same may be (a) reduced from time to time pursuant to Section 2.09, (b) reduced or increased from time to time pursuant to assignments by or to such Term Lender pursuant to Section 9.05 or (c) increased from time to time pursuant to Section 2.22. The aggregate amount of the Term Lenders’ Initial Term B Loan Commitments on the Closing Date is $1,600,000,000.
Initial Term B Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term B Loan and “Initial Term B Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term B Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term B Loan Commitments as of the Closing Date is $350,000,000.
Initial Term B Loan Commitment means, with respect to each Lender, the agreement, if any, of such Lender: (i) prior to the Amendment Effective Date, to make Initial Term B Loans as set forth in Section 2.01(a) on the Closing Date, (ii) on or after the Amendment Effective Date but prior to the Third Amendment Effective Date, (a) to continue its Existing Term Loans (as defined in the First Amendment) as a New Term Loan or (b) to make a New Term Loan in the amount provided for in the First Amendment, (iii) on or after the Third Amendment Effective Date but prior to the Fourth Amendment Effective Date, (a) to continue its Existing Term Loans (as defined in the Third Amendment) as a New 2022 Term Loan or (b) to make a New 2022 Term Loan in the amount provided for in the Third Amendment, (iv) on or after the Fourth Amendment Effective Date but prior to the Fifth Amendment Effective Date, (a) to continue its Existing Term Loans (as defined in the Fourth Amendment) as a Repriced 2022 Term Loan or (b) to make a Repriced 2022 Term Loan in the amount provided for in the Fourth Amendment or (v) on or after the Fifth Amendment Effective Date, (a) to continue its Existing Term Loans (as defined in the Fifth Amendment) as an Extended 2025 Term Loan or (b) to make an Extended 2025 Term Loan in the amount provided for in the Fifth Amendment. The aggregate amount of the Initial Term B Loan Commitments on, and after giving effect to, the Fifth Amendment Effective Date is $1,080,000,000.
Initial Term B Loan Commitment means, with respect to each Lender, the agreement, if any, of such Lender: (i) prior to the Amendment Effective Date, to make Initial Term B Loans as set forth in Section 2.01(a) on the Closing Date or (ii) on or after the Amendment Effective Date, (a) to continue its Existing Term Loans (as defined in the First Amendment) as a New Term Loan or (b) to make a New Term Loan in the amount provided for in the First Amendment. The aggregate amount of the Initial Term B Loan Commitments on the Amendment Effective Date is $1,905,600,000.
Initial Term B Loan Commitment means, with respect to each Term Lender, the commitment of such Term Lender to make Initial Term B Loans hereunder in an aggregate amount not to exceed the amount set forth opposite such Term Lender’s name on the Commitment Schedule or in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as the same may be (a) reduced from time to time pursuant to Section 2.09 or Section 2.19 or (b) reduced or increased from time to time pursuant to assignments by or to such Term Lender pursuant to Section 9.05. The aggregate amount of the Term Lenders’ Initial Term B Loan Commitments on the Closing Date is $2,000,000,000.
Initial Term B Loan Commitment means, with respect to each Term Lender, the commitment of such Term Lender to make Initial Term B Loans hereunder in an aggregate amount not to exceed the amount set forth opposite such Term Lender’s name on the Commitment Schedule, as the same may be