New Money Commitment definition

New Money Commitment means, with respect to each New Money Lender, the commitment of such New Money Lender to make New Money Loans hereunder in an aggregate principal amount at one time outstanding not to exceed the amounts set forth opposite such New Money Lender’s name on Schedule 2.01, as such commitment may be (a) modified from time to time pursuant to assignments by or to such New Money Lender pursuant to Section 9.06, or otherwise, or (b) terminated in accordance with the terms of this Agreement.

New Money Commitment means, individually or collectively, as the context may require, the Initial Commitment and the Delayed Draw Commitment.

New Money Commitment means as to each Lender, its obligation to make a New Money Loan to Borrowers hereunder, expressed as an amount representing the maximum principal amount of New Money Loans to be made by such Lender under this Agreement, as such commitment may be reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to an Assignment and Assumption substantially in the form of Exhibit A hereto. The amount of each Lender’s New Money Commitment is set forth on Schedule 2.01 under the caption “New Money Loans” or, otherwise, in the Assignment and Assumption pursuant to which such Lender shall have assumed its New Money Commitment, as the case may be. The aggregate amount of the New Money Commitments on the date hereof is $150 million.

Examples of New Money Commitment in a sentence

• In exchange for providing the New Money Investment, certain of the New Money Commitment Parties will receive a commitment fee which will be each such party’s pro rata share of 16.667% of the New Money Convertible Preferred Equity purchased by such New Money Commitment Parties in the form of additional Convertible Preferred Equity.

• There he served as Officer in Charge, Special Operations Weather Team and later as Chief Forecaster.

• The Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee, which shall accrue at the Commitment Fee Rate on such Lender’s Applicable Percentage of the average daily unused amount of the New Money Commitment in effect on such day during the period from and including the date of this Agreement to but excluding the Termination Date.

• Incremental New Money Commitment Parties The Consenting BrandCo Lenders party to the Incremental New Money Commitment Letter.

• Pursuant to the Plan, the Investors are providing a total New Money Commitment of $490 million in the form of (i) $210 million3 face amount of privately placed New Second Lien Notes, (ii) $210 million face amount of privately placed New Convertible Third Lien Notes, and (iii) an $80 million New Equity Investment.

More Definitions of New Money Commitment

New Money Commitment means the commitments of the Consenting Parties set forth on Schedule 2 hereto to fund the New Money First Lien Indenture on the Closing Date, subject to the terms and conditions of this Agreement.

New Money Commitment means an amount equal to (a) the New Money Facility minus(b) the face amount of the Roll-Up Letters of Credit deemed issued on the Effective Date. “New Money Facility” means an amount equal to $150,000,000.

New Money Commitment means an amount equal to (a) the New Money Facility minus (b) the face amount of the Roll-Up Letters of Credit deemed issued on the Effective Date.

New Money 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) under the caption “New Money Commitment” as such Lender’s New Money Commitment. The aggregate amount of the New Money Commitments as of the Closing Date is $50,000,000.

New Money Commitment means Lender's New Money Interim Commitment and its New Money Final Commitment. The aggregate amount of the New Money Commitment as of the Closing Date is $5,000,000.

New Money Commitment means, with respect to any New Money Lender at any time, the amount set forth opposite such New Money Lender's name on Schedule I under the caption "New Money Commitment" or, if such New Money Lender has entered into one or more Assignment and Acceptances on or prior to such time, set forth for such New Money Lender in the Register maintained by the New Money Lender Agent pursuant to Section 8.07(d) as such New Money Lender's "New Money Commitment", as such amount may be reduced at or prior to such time pursuant to Section 2.05 or 6.01.

New Money Commitment means the amount of New Money Funding each New Money Provider has committed to provide under, and pursuant to the terms of, the Commitment Letter.