New Term Loan Commitment definition

New Term Loan Commitment as defined in Section 2.25(a).

New Term Loan Commitment has the meaning given in Section 2.8(a).

New Term Loan Commitment means, for each Lender, any commitment to make New Term Loans provided by such Lender pursuant to Section 2.23, in such amount as agreed to by such Lender in the respective New Term Loan Commitment Agreement.

Examples of New Term Loan Commitment in a sentence

• By executing this Lender Addendum, the undersigned institution agrees (A) to the terms of the Amendment and the Amended Credit Agreement and (B) on the terms and subject to the conditions set forth in the Amendment and the Amended Credit Agreement, to continue its Existing Term Loans as New Term Loans on the Second Amendment Effective Date in the amount of its New Term Loan Commitment (it being understood that such continuation shall be effected pursuant to a cashless roll).

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

• The Borrower may approach any Lender or any Person (other than a natural Person) to provide all or a portion of the New Term Loan Commitments; provided that any Lender offered or approached to provide all or a portion of the New Term Loan Commitments may elect or decline, in its sole discretion, to provide a New Term Loan Commitment.

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

• The Borrower may approach any Lender or any Person (other than a natural person) to provide all or a portion of the New Term Loan Commitments; provided that any Lender offered or approached to provide all or a portion of the New Term Loan Commitments may elect or decline, in its sole discretion, to provide a New Term Loan Commitment.

More Definitions of New Term Loan Commitment

New Term Loan Commitment means, with respect to each New Term Loan Lender, any Term Loan Commitment provided by such New Term Loan Lender pursuant to Section 2.24, or in the Assignment and Acceptance pursuant to which such Lender assumed its New Term Loan Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09 and (b) reduced or increased from time to time pursuant to assignments by or to such New Term Loan Lender pursuant to Section 9.04.

New Term Loan Commitment means, with respect to each Lender, the amount set forth opposite such Lender’s name in Schedule I directly below the column entitled “New Term Loan Commitment,” as the same may be reduced or terminated pursuant to Section 3.03 and/or 10 or otherwise modified pursuant to Section 1.13 and/or 13.04(b).

New Term Loan Commitment means, with respect to each Lender, the commitment of such Lender to make its portion of the New Term Loan in a principal amount equal to such Lender's New Term Loan Percentage (if any) of the New Term Loan Committed Amount.

New Term Loan Commitment means, as to any Lender, the dollar amount set forth opposite such Lender’s name on the Commitment Annex under the column “New Term Loan Commitment.”

New Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a New Term Loan hereunder on the First Amendment Effective Date in the amount set forth on Annex III or on Schedule 1 to the Assignment and Acceptance pursuant to which such Lender assumed its New Term Loan Commitment, as applicable, as the same may be reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 11.04. The aggregate principal amount of the Lenders’ New Term Loan Commitments on the First Amendment Effective Date is $16,000,000.

New Term Loan Commitment for any Class of New Term Loans (i) of any Converting Term Lender will be such amount of its Existing Term Loans of such Class to be converted into an equal amount of New Term Loans of the corresponding Class, as is determined by JPMorgan and notified to such Converting Term Lender prior to the Amendment Effective Date, and (ii) of any Additional Term Lender will be such amount (not exceeding any commitment offered by such Additional Term Lender) allocated to it by JPMorgan and notified to it prior to the Amendment Effective Date. Schedule A to this Amendment sets forth, with respect to each Class of New Term Loans, (i) the New Term Loan Commitment of each Converting Lender and (ii) the New Term Loan Commitment of each Additional Term Lender. The commitments of the Additional Term Lenders and the conversion undertakings of the Converting Term Lenders are several and no such Lender will be responsible for any other Lender’s failure to make or acquire by conversion New Term Loans.

New Term Loan Commitment means with respect to each Lender, the commitment of such Lender to make New Term Loans hereunder pursuant to Section 2.01. The initial amount of each New Term Loan Lender’s New Term Loan Commitment is set forth on Schedule 2.01 under the heading “New Term Loan Commitment” opposite such New Term Loan Lender’s name, or in the Assignment and Acceptance pursuant to which such New Term Loan Lender shall have assumed its New Term Loan Commitment, as applicable. The aggregate amount of the New Term Loan Commitments on the Amendment Effective Date is $335.0 million.