Examples of Initial Term B Loan Commitment in a sentence
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.
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.
The Borrower may make only one borrowing under the Initial Term B Loan Commitment, which will be on the Closing Date.
Revolving Facility Commitments: Lender Revolving Facility Commitment JPMorgan Chase Bank, N.A. $ 100,000,000.00 Xxxxxxx Xxxxx Bank USA $ 100,000,000.00 Barclays Bank PLC $ 75,000,000.00 Citibank N.A. $ 75,000,000.00 Credit Suisse AG, Cayman Islands Branch $ 50,000,000.00 Credit Agricole Corporate & Investment Bank $ 50,000,000.00 Xxxxx Fargo Bank, N.A. $ 25,000,000.00 Initial Term B Loan Commitment: On file with the Administrative Agent.
On the Effective Date (after giving effect to the funding of the Initial Term B Loans to be made 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.