Term B-2 Commitments definition

Term B-2 Commitments as that term is defined in the Nexstar Credit Agreement.

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Term B-2 Commitments means the aggregate U.S. Term B-2 Commitments of all U.S. Term B-2 Lenders, which amount, initially as of the Amendment No. 5 Effective Date, shall be $1,410,625,000.

Term B-2 Commitments means as to each Term B-2 Lender, its obligation to make a Term B-2 Loan to the Borrower pursuant to Section 2.01(a)(iii) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term B-2 Lender’s name on Schedule 2.01 under the caption “Term B-2 Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term B-2 Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. As of the Term B-2 Effective Date, the aggregate amount of the Term B-2 Commitments shall not exceed €1,000,000,000.

Examples of Term B-2 Commitments in a sentence

The Additional Term B-2 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-2 Borrowing shall consist of Term B-2 Loans made simultaneously by the Term B-2 Lenders in accordance with their respective Term B-2 Commitments.
All Borrowings of Tranche B-2 Term Loans, Tranche C-2 Term Loans and Incremental Term Loans of a given Tranche under this Agreement shall be incurred from the Lenders pro rata on the basis of such Lenders’ Additional Term B-2 Commitments, Additional Term C-2 Commitments or Incremental Term Loan Commitments, as the case may be.
The Borrower will use the proceeds of the Term B-2 Loans made pursuant to the Term B-2 Commitments as provided in the recitals to this Agreement.
On the Amendment No. 1 Effective Date (after giving effect to the funding of the Term B-1 Loans by the Additional Term B-1 Lender representing the full amount of the Additional Term B-1 Commitment and the Term B-2 Loans to be made on such date), the Additional Term B-1 Commitment of the Additional Term B-1 Lender and the Term B-2 Commitments of each Term Lender with a Term B-2 Commitment will automatically and permanently terminate.
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.
Administrative Agent and each assignor of a Term B Loan or Term B-2 Commitments hereunder shall be entitled to rely conclusively on a representation of the assignee Lender in the relevant Assignment and Assumption that such assignee is not a Disqualified Lender.
The Term B-2 Borrowing shall consist of Term B-2 Loans made simultaneously by the Term B-2 Lenders, in each case in accordance with their respective Applicable Percentages of the aggregate amount of the Term B-2 Commitments at such time.
Such Term B-2 Borrowing shall consist of Term B-2 Loans made simultaneously by the Initial Term B-2 Lenders in accordance with their respective Term B-2 Commitments.
Each Term B-2 Lender severally agrees, on the terms and conditions hereinafter set forth, to make either one advance or two advances of equal principal amount (each, a “Term B-2 Advance”) to the Borrower on any Business Day during the Term B-2 Availability Period in an aggregate amount for all such advances not to exceed such Lender’s Term B-2 Commitment at such time, consisting of Term B-2 Advances made simultaneously by the Term B-2 Lenders ratably according to their Term B-2 Commitments.

More Definitions of Term B-2 Commitments

Term B-2 Commitments means the aggregate U.S. Term B-2 Commitments of all U.S. Term B-2 Lenders, which amount, initially as of the Amendment No. 5 Effective Date, shall be $1,410,625,000. “U.S. Term B-2 Lender” means each Lender that has a U.S. Term B-2 Commitment or that is a holder of U.S. Term B-2 Loans, including the Additional U.S. Term B-2 Lender and each Amendment No. 5 Consenting Lender. “U.S. Term B-2 Loan” has the meaning assigned to such term in Section 2.01(b)(viii). “U.S. Term B-2 Loan Facility” means the provisions herein related to the U.S. Term B-2 Commitments and U.S. Term B-2 Loans. “U.S. Term B-2 Loan Maturity Date” means March 28, 2024. “U.S. Term B-3 Commitment” means, (i) with respect to the Additional U.S. Term B-3 Lender, its Additional U.S. Term B-3 Commitment, (ii) with respect to each Converting U.S. Term B-3 Lender, its commitment to make a U.S. Term B-3 Loan on the Amendment No. 6 Effective Date in an aggregate amount equal to its Converted U.S. Term B-3 Loan and (iii) with respect to all other U.S. Term B-3 Lenders, its com- mitment to make a U.S. Term B-3 Loan in an aggregate principal amount as reflected on each Assignment and Assumption executed by such Lender and as such amount may be increased or reduced pursuant to this Agreement, and “U.S. Term B-3 Commitments” shall mean the aggregate U.S. Term B-3 Commitments of all U.S. Term B-3 Lenders, which amount, initially as of the Amendment No. 6 Effective Date, shall be $1,780,537,500. “U.S. Term B-3 Lender” means each Lender that has a U.S. Term B-3 Commitment or that is a holder of U.S. Term B-3 Loans, including the Additional U.S. Term B-3 Lender and each Amendment No. 6 Consenting Lender. “U.S. Term B-3 Loan” has the meaning assigned to such term in Section 2.01(b)(viii). “U.S. Term B-3 Loan Facility” means the provisions herein related to the U.S. Term B-3 Commitments and U.S. Term B-3 Loans.

Term B-2 Commitments means, as to each Term B-2 Lender, its obligation to make a Term B-2 Loan to the Borrowers pursuant to Section 2.01(b) 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-2 Commitment” as of the Closing Date or in the Assignment and Assumption Agreement pursuant to which such Term B-2 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-2 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-2 Commitment is specified in Schedule 2.01 hereto under the caption “Term B-2 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-2 Commitments is $300,000,000.

Term B-2 Commitments means, collectively, the Additional Term B-2 Commitments and the Continuing Term B-2 Commitments.