Term B-1 Commitments definition

Term B-1 Commitments means, collectively, the Initial Term Commitments and the New Term B-1 Commitments.
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Term B-1 Commitments means the aggregate U.S. Term B-1 Commitments of all U.S. Term B-1 Lenders, which amount, initially as of the Incremental Amendment No. 2 Effective Date, shall be $1,785.0 million.
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Term B-1 Commitments means the Additional Term B-1 Commitment and the Add-on Term B-1 Commitment.
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Examples of Term B-1 Commitments in a sentence

  • The full amount of the Incremental Term B-1 Commitments must be drawn in a single drawing on the Amendment No. 1 Effective Date and amounts repaid or prepaid in respect of Incremental Term B-1 Loans may not be reborrowed.

  • The Additional Term B-1 Commitments provided pursuant to this Agreement shall be subject to all of the terms in the Credit Agreement and to the conditions set forth in the Credit Agreement, and shall be entitled to all the benefits afforded by the Credit Agreement and the other Loan Documents, and shall, without limiting the foregoing, benefit equally and ratably from the Guarantees and security interests created by the Collateral Documents.

  • The Term B-1 Borrowing shall consist of Term B-1 Loans made simultaneously by the Term B-1 Lenders in accordance with their respective Term B-1 Commitments.

  • The Term B1 Commitments and Term B2 Commitments are Incremental Term Loan Commitments and the Term B1 Loans and Term B2 Loans are Incremental Term Loans, in each case incurred pursuant to Section 2.25 of the Credit Agreement.

  • Each Additional Term B-1 Lender, the Borrower and the Administrative Agent acknowledge and agree that the Additional Term B-1 Commitments provided pursuant to this Agreement shall constitute Term B-1 Commitments for all purposes of the Credit Agreement and the other applicable Loan Documents.

  • Each Term B-1 Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (a “Term B-1 Advance”) to the Borrower on or after the Effective Date in an amount not to exceed such Lender’s Term B-1 Commitment at such time, consisting of Term B-1 Advances made simultaneously by the Term B-1 Lenders ratably according to their Term B-1 Commitments.

  • The Term B-1 Borrowing shall consist of Term B-1 Advances made simultaneously by the Term B-1 Lenders ratably according to their Term B-1 Commitments.

  • The initial aggregate principal amount of Incremental Term B-1 Commitments shall be $50,000,000.

  • The aggregate Term B-1 Commitments shall be automatically and permanently reduced to zero on the date of the Term B-1 Borrowing.

  • Each Term B-1 Borrowing consisted of Term B-1 Loans made simultaneously by the Term B-1 Lenders in accordance with their respective Term B-1 Commitments.


More Definitions of Term B-1 Commitments

Term B-1 Commitments means the aggregate U.S. Term B-1 Commitments of all U.S. Term B-1 Lenders, which amount, initially as of the Incremental Amendment No. 2 Effective Date, shall be $1,785.0 million. “U.S. Term B-1 Lender” means each Lender that has a U.S. Term B-1 Commitment or that is a holder of U.S. Term B-1 Loans. “U.S. Term B-1 Loan” has the meaning assigned to such term in Section 2.01(b)(vi). “U.S. Term B-1 Loan Facility” means the provisions herein related to the U.S. Term B-1 Commitments and U.S. Term B-1 Loans.
Sample 1
Term B-1 Commitments means the aggregate U.S. Term B-1 Commitments of all U.S. Term B-1 Lenders, which amount, initially as of the Incremental Amendment No. 2 Effective Date, shall be $1,785.0 million. “U.S. Term B-1 Lender” means each Lender that has a U.S. Term B-1 Commitment or that is a holder of U.S. Term B-1 Loans. “U.S. Term B-1 Loan” has the meaning assigned to such term in Section 2.01(b)(vi). “U.S. Term B-1 Loan Facility” means the provisions herein related to the U.S. Term B-1 Commitments and U.S. Term B-1 Loans. “U.S. Term B-2 Commitment” means, (i) with respect to the Additional U.S. Term B-2 Lender, its Additional U.S. Term B-2 Commitment, (ii) with respect to each Converting U.S. Term B-2
Sample 1
Term B-1 Commitments means, as to each Term B-1 Lender, its obligation to make a Term B-1 Loan to the Borrowers pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount specified opposite such Lender’s name in Schedule 2.01 hereto under the caption “Term B-1 Commitment” as of the Closing Date or in the Assignment and Assumption Agreement pursuant to which such Term B-1 Lender becomes a party hereto, as applicable, as such commitment may be (a) reduced from time to time pursuant to Section 2.06 and (b) reduced or increased from time to time pursuant to (i) assignments by or to such Term B-1 Lender pursuant to an Assignment and Assumption Agreement, (ii) an Incremental Amendment or (iii) an Extension Amendment. The initial amount of each Term Lender’s Term B-1 Commitment is specified in Schedule 2.01 hereto under the caption “Term B-1 Commitment” as of the Closing Date or, otherwise, in the Assignment and Assumption Agreement, Incremental Amendment or Extension Amendment, pursuant to which such Lender shall have assumed its Commitment, as the case may be. The initial aggregate amount of the Term B-1 Commitments is $550,000,000.
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Term B-1 Commitments shall have the meaning assigned to such term in Amendment No. 2.“Term Lenders ” means the collective reference to the Initial Term Lenders and, without duplication, theTerm B-1 Lenders, the Incremental Term Lenders, the Extended Term Lenders and the Refinancing Term Lenders.“Term Loan Borrowing ” means a borrowing comprised of Term Loans.“Term Loan Maturity Date ” means October 2, 2027. “Term Loan Modification Agreement ” means an agreement entered into, and in form and substancesatisfactory to, the Administrative Agent, the Borrower and the Accepting Term Lenders.“Term Loan Modification Offer ” has the meaning assigned to such term in Section 2.22 ..“Term Loans ” means the collective reference to the Initial Term Loan, the Term B-1 Loans, theIncremental Term Loans, the Refinancing Term Loans and the Extended Term Loans.“Term SOFR ” means, (a) for any calculation with respect to a Term SOFR Loan or a Benchmark Replacement (LIBO), the Term SOFR Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the “Periodic Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business Days prior to the first day of such Interest Period, as such rate is published by the Term SOFR Administrator; provided, however, that, solely in connection with a Term SOFR Loan, if as of 5:00 p.m. (Eastern time) on any Periodic Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement Date (Non-LIBO) with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior to such Periodic Term SOFR Determination Day, (b) for any calculation with respect to an ABR Loan on any day, the Term SOFR Reference Rate for a tenor of one month on the day (such day, the “Base Rate Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business Days prior to such day, as such rate is published by the Term SOFR Administrator; provided, however, that if as of 5:00 p.m. (Eastern time) on any Base Rate Term SOFR Determina...
Sample 1

Related to Term B-1 Commitments

  • Term Commitment means, as to each Term Lender, its obligation to make Term Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term Lender’s name on Schedule 2.01 under the caption “Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term Loan B Commitment means, with respect to each Lender, the commitment of such Lender to make the Term Loan B to the Borrowers in the aggregate amount extended prior to the Amendment No. 9 Effective Date or in the Assignment and Acceptance pursuant to which such Lender became a Lender under this Agreement, as the same may be terminated or reduced from time to time in accordance with the terms of this Agreement. The Term Loan B Commitment as of the Amendment No. 9 Effective Date is $0.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

  • Term B-1 Loans means the Term Loans made pursuant to the Term B-1 Commitment.

  • Loan Commitment means a statement transmitted in writing or electronically by a mortgage lender setting forth the terms and conditions upon which the mortgage lender is willing to make a particular residential mortgage loan to a particular borrower.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Existing Revolving Commitments has the meaning specified in Section 2.17(b).

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.21(a).

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).