Initial Term Loan Commitments definition

Initial Term Loan Commitments means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term 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 Loan Commitments as of the Closing Date is $200,000,000.

Initial Term Loan Commitments means with respect to each Lender, the commitment of such Lender to make Initial Term Loans as set forth on Schedule 2.01(1). On the Closing Date, the aggregate amount of Initial Term Loan Commitments is $300 million.

Initial Term Loan Commitments means the aggregate amount of such commitments of all Lenders. Insolvency Proceeding: any case or proceeding commenced by or against a Person under any state, federal or foreign law for, or any agreement of such Person to, (a) the entry of an order for relief under the Bankruptcy Code, or any other insolvency, debtor relief or debt adjustment law; (b) the appointment of a receiver, trustee, liquidator, administrator, conservator or other custodian for such Person or any part of its Property; or (c) an assignment or trust mortgage for the benefit of creditors.

Examples of Initial Term Loan Commitments in a sentence

• Each Borrowing of Initial Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments.

• Each Borrowing of Initial Term Loans under this Agreement shall be granted by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments.

• Each Borrowing of (i) Initial Term Loans, (ii) Delayed Draw Term Loans and (iii) Euro Tranche Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Term Loan Commitments, Delayed Draw Term Loan Commitments and Euro Tranche Term Loan Commitments, respectively.

• Notwithstanding the foregoing, on the Tranche B Initial Outside Date, all outstanding Tranche B Initial Term Loan Commitments shall automatically terminate if the First Incremental Amendment Closing Date shall not have occurred on or prior to the Tranche B Initial Outside Date.

• On the Closing Date (after giving effect to the funding of the requested amount of Initial Term Loans by the Initial Term Lenders), the Initial Term Loan Commitments of the Initial Term Lenders will automatically and permanently terminate.

More Definitions of Initial Term Loan Commitments

Initial Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

Initial Term Loan Commitments means, collectively, the Term A-3 Loan Commitments and the Initial Term B Loan Commitments.

Initial Term Loan Commitments has the meaning set forth in Section 2.1(a).

Initial Term Loan Commitments means, collectively, the Exit Prepetition Continued Loan Commitments, and the Exit DIP Converted Loan Commitments.

Initial Term Loan Commitments means, with respect to any Initial Term Lender, its obligation to make Initial Term Loans to the Borrower pursuant to Section 2.01(a), in an aggregate principal amount at any one time outstanding not to exceed the amount set forth on Part A of Schedule 2.01 under the heading “Initial Term Loan Commitments” or in the Assignment and Acceptance pursuant to which such Initial Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate principal amount of the Initial Term Loan Commitments on the Effective Date is $1,000,000,000.

Initial Term Loan Commitments means, as to each Term Lender, its obligation to make Term Loans to the Borrowers pursuant to Section 2.01(a) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Initial Term Loan Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate amount of Initial Term Loan Commitments on the Initial Closing Date is $245,000,000.

Initial Term Loan Commitments means the Commitments of each applicable Lender to make Term Loans pursuant to Section 2.1(a).