Term A-2 Loan Commitment means (a) the commitment of the Term A-2 Lenders to make Term A-2 Loans on the Closing Date pursuant to Section 2.01(h) and (b) as to any New Term Lender, the commitment of such New Term Lender to make incremental Term A-2 Loans pursuant to Section 2.16.
Term A-2 Loan Commitment means, as to each Term Lender, its obligation to make a Term A-2 Loan to the Borrower pursuant to Section 2.01(a)(iii) on the Amendment No. 2 Effective Date in an aggregate principal amount not to exceed the amount set forth opposite such Term Lender’s name on Schedule 2.01-C under the caption “Term A-2 Loan Commitment”. As of the Amendment No. 2 Effective Date, the aggregate principal amount of all Term A-2 Loan Commitments of all Term A-2 Lenders is $50,000,000.
Term A-2 Loan Commitment means the commitment of a Lender to make or otherwise fund a Term A-2 Loan and “Term A-2 Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Term A-2 Loan Commitment, if any, is set forth on Appendix A-5 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Term A-2 Loan Commitments as of the Third Amendment Effective Date is $80,000,000.
Examples of Term A-2 Loan Commitment in a sentence
The Total Term A-2 Loan Commitment shall terminate at 5:00 p.m. (New York City time) on the Fourth Amendment Effective Date.
Notwithstanding the foregoing or any other provision of this Agreement, each Term A-2 Lender shall not make its Term A-2 Loan in cash on the Closing Date but shall be deemed to have made its Term A-2 Loan under this Agreement by exchanging (i.e. rolling over) (the “Second Lien Rollover”) its Second Lien Loans for the same aggregate principal amount as such Term A-2 Lender’s Term A-2 Loan Commitment and Term A-2 Loan.
Subject to the terms and conditions set forth herein, including Section 2.02(f)(ii), each Lender severally agrees to make its portion of a term loan (the “Term A2 Loan”) to the Borrower in Dollars on the Matrix Closing Date in an amount not to exceed such Lender’s Term A2 Loan Commitment.
North American LendersOther International LendersUK Lenders and Building SocietiesGerman Lenders1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011% 10080 60 40 20 0Figure 3: Outstanding debt secured by commercial property by category of Lenderorganisations, the largest 12 lenders have, since 2002, held approximately three-quarters of outstanding debt.
After the funding of the Term A-2 Loans on the Restatement Date, the Term A-2 Loan Commitment of each Lender shall terminate.
More Definitions of Term A-2 Loan Commitment
Term A-2 Loan Commitment means, with respect to each Term A-2 Lender, the commitment of such Lender to make its respective Term A-2 Loan to the Borrowers on the Fourth Amendment Effective Date in the amount set forth in Schedule 1.01(A-3) hereto or in the Assignment and Acceptance pursuant to which such Lender became a Lender under this Agreement, as such commitment may be terminated or reduced from time to time in accordance with the terms of this Agreement.
Term A-2 Loan Commitment means, as to any Lender, that Xxxxxx’s commitment to make Term A-2 Loans under this Agreement. The amount of each Lender’s Term A-2 Loan Commitment is set forth on Annex A. The initial aggregate amount of the Term A-2 Loan Commitments of all Lenders is $20,000,000.
Term A-2 Loan Commitment means, with respect to a Lender, the agreement of such Lender to exchange the entire principal amount of its Term A-1 Loans (or such lesser amount allocated to it by the Administrative Agent) for an equal principal amount of Term A-2 Loans on the Amendment and Restatement Effective Date.
Term A-2 Loan Commitment means with respect to each Lender, the commitment of such Lender to make Term A-2 Loans as set forth in Section 2.01(b) or Incremental Term Loans in the form of Term A-2 Loans as set forth in Section 2.01(c). The initial amount of each Lender’s Term A-2 Loan Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Term A-2 Loan Commitment (or its Incremental Term Loan Commitment), as applicable. The aggregate amount of the Term A-2 Loan Commitments on the Signing Date is $450,000,000.
Term A-2 Loan Commitment means, with respect to each Bank, the obligation to make a Term A-2 Loan in the principal amount set forth in SCHEDULE 1 attached hereto and incorporated herein, as such amount may be reduced or increased from time to time in accordance with the provisions of Section 2.16 (upon the execution of Assignment and Assumption Agreements, the definition of Loan Commitment shall be deemed revised to reflect the assignment being effected pursuant to each such Assignment and Assumption Agreement).
Term A-2 Loan Commitment means, as to any Lender, the obligation of such Lender to make Term A-2 Loans hereunder (including by way of conversion of Existing Term A Loans) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1 attached hereto and made a part hereof, as the same may be reduced pursuant to Section 2.10. The Borrower and the Term A-2 Lenders acknowledge and agree that the Term A-2 Loan Commitments of the Term A-2 Lenders aggregate $2,050.0 million as of the date hereof.
Term A-2 Loan Commitment means, as to any Lender, the obligation of such Lender to make its Term A-2 Loan on the Term A-2 Loan Funding Date in the principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1 attached hereto and made a part hereof. Borrower and the Lenders acknowledge and agree that the Term A-2 Loan Commitments of the Lenders aggregate $140,000,000 on the Third Amendment Effective Date. “Term A-2 Loan Commitment Termination Date” means, the earlier of (a) the Term A-2 Loan Funding Date and (b) December 31, 2021. “Term A-2 Loan Funding Date” has the meaning ascribed to such term in the Third Amendment. “Term A-2 Loan Percentage” means, for each Lender, the percentage of the Term A-2 Loan Commitments represented by such Lender’s Term A-2 Loan Commitment or, if the Xxxx X- 0 Loan Commitments have been terminated or have expired, the percentage held by such Lender of the aggregate principal amount of all Term A-2 Loans then outstanding. “Term Credit” means the credit facility for the Term Loans described in Section 2.1. “Term Loan” is defined in Section 2.1 and, as so defined, includes a Base Rate Loan or a Eurodollar Loan, each of which is a “type” of Term Loan hereunder. “Term Loan Commitment” means, with respect to any Lender, the aggregate amount of such Lender’s (a) Term A-1 Loan Commitment and (b) Term A-2 Loan Commitment. “Term Loan Maturity Date” means the fifth anniversary of the Closing Date. “Term Loan Percentage” means, for each Lender, the percentage of the Term Loan Commitments represented by such Lender’s Term Loan Commitment or, if the Term Loan Commitments have been terminated or have expired, the percentage held by such Lender of the aggregate principal amount of all Term Loans then outstanding. “Term Note” is defined in Section 2.11. “Term SOFR” means the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body. “Third Amendment” means that certain Third Amendment to Credit Agreement, dated as of the Third Amendment Effective Date, by and among the Borrower, the Guarantors party thereto, the Lenders party thereto and the Administrative Agent.