New Term Commitment definition

New Term Commitment has the meaning specified in Section 2.14(a).

New Term Commitment as to any Lender, the obligation of such Lender, if any, to make a New Term Loan to the Borrower in a principal amount not to exceed the amount set forth under the heading “New Term Commitment” opposite such Lender’s name on Schedule 1.1B hereto. The original aggregate amount of the New Term Commitments is $200,000,000.

New Term Commitment means, as to each New Term Lender, its obligation to make a New Term Loan to the Borrower pursuant to Section 2.01(c) on the [First Incremental Commitments Amendment Effective Date]difr [Funding Date]difa in the amount indicated on [its signature page to the First Incremental Commitments Amendment]difr [Schedule 2.01]difa, as such amount may be adjusted from time to time in accordance with this Agreement, including pursuant to Section 2.12.

Examples of New Term Commitment in a sentence

• On any Increased Amount Date on which any New Term Commitments are effected, subject to the satisfaction of the foregoing terms and conditions, (i) each New Term Lender shall make a Loan to the Borrower (a “New Term Loan”) in an amount equal to its New Term Commitment, and (ii) each New Term Lender shall become a Lender hereunder with respect to the New Term Commitment and the New Term Loans made pursuant thereto.

• Each New Revolving Credit Commitment and New Term Commitment shall be in an aggregate principal amount that is not less than $5,000,000 individually (or such lesser amount which shall be approved by Administrative Agent or such lesser amount if such amount represents all remaining availability under the limit set forth in the next sentence), and integral multiples of $1,000,000 in excess of that amount.

• On any Increased Amount Date on which any New Term Commitments of any Class are effected, subject to the satisfaction of the foregoing terms and conditions, (i) each New Term Lender of such Class shall make a Loan to the Borrower (a “New Term Loan”) in an amount equal to its New Term Commitment of such Class, and (ii) each New Term Lender of such Class shall become a Lender hereunder with respect to the New Term Commitment of such Class and the New Term Loans of such Class made pursuant thereto.

• Notwithstanding anything herein in the contrary, no Other Affiliate shall be permitted to provide any New Term Loan or New Term Commitment unless such Other Affiliate and such Indebtedness is subject to the provisions of Section 10.07(i) as if such Indebtedness had been assigned to such Other Affiliate.

• Each such notice shall specify the date (each, an “Increased Amount Date”) on which the Borrower proposes that the New Term Commitments shall be effective, which shall be a date not less than five Business Days after the date on which such notice is delivered to the Agent (or such shorter period as may be agreed by the Agent); provided that any Lender offered or approached to provide all or a portion of the New Term Commitments may elect or decline, in its sole discretion, to provide a New Term Commitment.

More Definitions of New Term Commitment

New Term Commitment is defined in Section 2.1(e).

New Term Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make New Term Loans, expressed as an amount representing the maximum principal amount of the New Term Loans to be made by such Lender. The initial amount of each Lender’s New Term Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its New Term Commitment, as applicable. The initial aggregate amount of the Lenders’ New Term Commitment is $120,000,000.

New Term Commitment means, as to each New Term Lender, its obligation to make a New Term Loan to the Borrower pursuant to Section 2.01(a)(ii) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01(a)(ii) of the Original Credit Agreement as in effect immediately prior to the Second Restatement Effective Date under the caption “New Term Commitment” or in the Assignment and Assumption pursuant to which such New Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the New Term Commitments was $175,500,000.

New Term Commitment means, as to each New Term Lender, each amount set forth opposite such New Term Lender’s name on Schedule 2.01 under the caption “New Term Commitment”.

New Term Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make New Term Loans, expressed as an amount representing the maximum principal amount of the New Term Loans to be made by such Lender. The initial amount of each Lender’s New Term Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its New Term Commitment, as applicable. On the First Amendment No. 1 Effective Date, the initial aggregate amount of the Lenders’ New Term Commitment was $120,000,000.

New Term Commitment shall have the meaning assigned to such term in Section 2.22.

New Term Commitment means the obligation of the New Term Lender to make a New Term Loan immediately following the Amendment No. 2 Effective Date in an aggregate principal amount equal to the excess of $635,374,999.99 over the aggregate principal amount of Converted Restatement Effective Date Term Loans.