Refinancing Term Loan Commitment definition
Examples of Refinancing Term Loan Commitment in a sentence
On the First Incremental Amendment Effective Date (after giving effect to the incurrence of Tranche B Refinancing Term Loans on such date), the Tranche B Refinancing Term Loan Commitment of each Lender shall terminate.
No Lender shall be under any obligation to provide any Refinancing Term Loan Commitment or Refinancing Revolving Credit Commitment unless such Lender executes a Refinancing Amendment.
The 2018 Refinancing Term Loan Commitment of each Term Lender shall be automatically and permanently reduced to $0 upon the funding of 2018 Refinancing Term Loans to be made by it on the 2018 Refinancing Amendment Effective Date pursuant to Section 2.01(a)(ii).
Subject to the terms and conditions of this Agreement, each Refinancing Term Loan Lender severally agrees to make the Refinancing Term Loan to the Borrowers on the Closing Date in a principal amount equal to such Lender’s Refinancing Term Loan Commitment as of the Closing Date.
Any Refinancing Term Loan Commitment established on any Refinancing Effective Date shall be designated an additional Class of Commitments for all purposes of this Agreement; provided that any Refinancing Term Loan Commitments may, to the extent provided in the applicable Incremental Assumption Agreement, be designated as an increase in any previously established Class of Commitments.