Interim Term Loan Commitment definition

Interim Term Loan Commitment means with respect to each Interim Term Loan Lender, the commitment of such Lender to make the Advance of the Interim Term Loan on the Effective Date in an amount not exceeding the Interim Term Loan Commitment amount for such Lender set forth on Schedule 1.1-B, or as otherwise established, reduced or modified pursuant to the provisions hereof.
Interim Term Loan Commitment means, with respect to each Term Loan Lender, the commitment of such Term Loan Lender to make Interim Term Loans hereunder. The amount of each Term Loan Lender’s Interim Term Loan Commitment as of the Effective Date is set forth on Schedule 1.01B. The aggregate amount of the Interim Term Loan Commitments as of the Effective Date is $50,000,000.
Interim Term Loan Commitment as to each Interim Term Loan Lender, the obligation of such Lender, if any, to make a Interim Term Loan to the Company hereunder in a principal amount not to exceed the amount set forth under the heading "Interim Term Loan Commitment" opposite such Lender's name on Schedule I.

Examples of Interim Term Loan Commitment in a sentence

  • Subject to the terms and conditions hereof, each Interim Term Loan Lender, severally and for itself alone, agrees to make an Advance of the Interim Term Loan to the Borrower in a single disbursement on the Effective Date, in Dollars in an aggregate amount not to exceed such Lender's Interim Term Loan Commitment.

  • Each Lender shall make available to the Agent, as provided herein, that Lender’s Interim Term Loan Commitment.

  • Promptly after receipt of a request for a borrowing of an Interim Term Loan pursuant to Section 2-5, and in any event not later than 3:00 p.m. New York time, on the Business Day such borrowing request was received by Agent, Agent shall notify each Lender holding an Interim Term Loan Commitment, by telecopy, telephone, or other similar form of transmission, of the requested borrowing.

  • On the Effective Date, each Term Loan Lender, subject to, and in accordance with, this Agreement, agrees to severally, and not jointly or jointly and severally, make the Interim Term Loan to and for the account of the Borrower as provided herein, in the amount of such Term Loan Lender’s Interim Term Loan Commitment (subject to any limitations contained within the Interim DIP Order or the Final DIP Order, as applicable).

  • Any portion of the Interim Term Loan Commitment not borrowed on such date shall be terminated.


More Definitions of Interim Term Loan Commitment

Interim Term Loan Commitment. On the Effective Date, with respect to each Term Loan Lender, the commitment of such Term Loan Lender to make Term Loans, which commitment is in the amount set forth opposite such Lender’s name on Exhibit C-1 under the caption “Interim Term Loan Commitment”, as amended to reflect Assignments. The aggregate amount of the Interim Term Loan Commitments on the Effective Date shall be the lesser of (a) $45,000,000.00 and (b) such amount as approved by the Bankruptcy Court pursuant to the Interim DIP Order.

Related to Interim Term Loan Commitment

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Delayed Draw Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Delayed Draw Term Loan and “Delayed Draw Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Delayed Draw Term Loan Commitment, if any, is set forth on Schedule 2.01 or in the applicable Assignment and Assumption, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Delayed Draw Term Loan Commitments as of the Closing Date is $165,000,000.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.