Second Amendment Term Loan Commitment definition

Second Amendment Term Loan Commitment means (a) as to any Lender, the commitment of such Lender to make its Pro Rata Share of the Second Amendment Term Loans (as set forth on Annex A to the Second Amendment or in the most recent Assignment Agreement, if any, executed by such Lender) in the maximum aggregate amount not to exceed the Second Amendment Term Loan Commitment Increase, and (b) as to all Lenders, the aggregate commitment of all Lenders to make the Second Amendment Term Loans.

Second Amendment Term Loan Commitment means, with respect to each Lender, the commitment of such Lender to make the Second Amendment Term Loan to the Borrowers on the Second Amendment Effective Date in the amount set forth opposite such Lender’s name under the heading “Second Amendment Term Loan Commitment” on Schedule C-1 hereto or in the Assignment and Acceptance pursuant to which such Lender becomes a Lender under the Agreement, as the same may be terminated or reduced from time to time in accordance with the terms of this Agreement.”

Second Amendment Term Loan Commitment as to any Lender, the obligation of such Lender, if any, to make Second Amendment Term Loans to Borrower on the Second Amendment Effective Date.

Examples of Second Amendment Term Loan Commitment in a sentence

• Subject to the terms and conditions hereof, each Lender with a Second Amendment Term Loan Commitment severally agrees to make the Second Amendment Term Loan on the Second Amendment Effective Date in an amount equal to such Xxxxxx’s Second Amendment Term Loan Commitment, such that after giving effect to the Second Amendment Term Loans, the aggregate outstanding principal balance of the Term Loans (inclusive of the Term Loans funded on the Closing Date and the First Amendment) shall be $149,375,000.00.

• All such Second Amendment Term Loans in the aggregate shall not exceed the Total Second Amendment Term Loan Commitment.

• The Second Amendment Term Loan Commitment of each Term Loan Lender shall be automatically and permanently reduced to $0 upon the funding of the Second Amendment Term Loans to be made by it on the Second Amendment Effective Date.

• Each Lender with a Second Amendment Term Loan Commitment (as hereinafter defined) severally and not jointly agrees, on the terms and subject to the conditions set forth herein, to lend to the Borrower on the Second Amendment Effective Date (as defined below), the amount of its respective commitment with respect thereto in an aggregate amount of $48,000,000 (the “Second Amendment Term Commitment”, and the Loans extended thereunder, the “Second Amendment Term Loans”).

• The Second Amendment Term Loan Commitment of each Term Loan Lender shall be automatically and permanently reduced to $0 upon the funding of the Second Amendment Term Loans to be made by it on the Second Amendment Effective Date.Borrower may not borrow, repay, and reborrow the Term Loans.

More Definitions of Second Amendment Term Loan Commitment

Second Amendment Term Loan Commitment means, for each Lender party to the Credit Agreement on the Second Amendment Effective Date, such Xxxxxx’s commitment to make term loans to the Borrower on the Second Amendment Effective Date in the amount set forth opposite such Xxxxxx’s name on Schedule 2.1

Second Amendment Term Loan Commitment means, in the case of each Lender as of the Second Amendment Effective Date, the amount set forth opposite such Lender’s name on

Second Amendment Term Loan Commitment. With respect to any portion of the Second Amendment Term Loan that has been advanced to or on account of Borrower, each reference to a Lender’s Second Amendment Term Loan Commitment shall refer to that Lender’s Pro Rata Share of the outstanding principal balance of the Second Amendment Term Loan.

Second Amendment Term Loan Commitment means, with respect to each Lender, its Second Amendment Term Loan Commitment, and, with respect to all Lenders, their Second Amendment Term Loan Commitments, in each case as such Dollar amounts are set forth beside such Lender’s name under the applicable heading on Schedule C-1 to the Agreement or in the Assignment and Acceptance pursuant to which such Lender became a Lender under the Agreement, as such amounts may be reduced or increased from time to time pursuant to assignments made in accordance with the provisions of Section 13.1 of the Agreement.

Second Amendment Term Loan Commitment shall have the meaning set forth in the Second Amendment.

Second Amendment Term Loan Commitment means, for each Lender party to the Credit Agreement on the Second Amendment Effective Date, such Xxxxxx’s commitment to make term loans to the Borrower on the Second Amendment Effective Date in the amount set forth opposite such Xxxxxx’s name on Schedule 2.1(c) in the column entitled “Second Amendment Term Loan Commitment”, as the same may be reduced or terminated pursuant to the terms hereof. As of the Second Amendment Effective Date, the aggregate amount of the Second Amendment Term Loan Commitments, immediately prior to the funding of the Second Amendment Term Loans on the Second Amendment Effective Date, is $40,000,000.

Second Amendment Term Loan Commitment means, (a) with respect to each Second Amendment Term Loan Lender (other than the Second Amendment Affiliated Lender), the commitment of such Lender to make Second Amendment Term Loans on the Second Amendment Effective Date and (b) with respect to the Second Amendment Affiliated Lender, the commitment of such Lender to make Second Amendment Term Loans as soon as reasonably practicable after the Second Amendment Effective Date and in any event on or before January 25, 2019, in each case in an aggregate principal amount equal to the amount set forth with respect to such Lender on Schedule 1.01E. The aggregate amount of Second Amendment Term Loan Commitments as of the Second Amendment Effective Date is $15,000,000.