Term B-4 Commitment means, as to each Term B-4 Lender, its obligation to make Term B-4 Loans to Designated Borrower 1 pursuant to the Incremental Joinder in the principal amount stated therein pursuant to which such Term B-4 Lender becomes a party hereto, as such amount may be adjusted from time to time in accordance with this Agreement.
Term B-4 Commitment means, with respect to a Person, the Incremental Commitment and/or Refinancing Term Commitment of such Person to make an Incremental Term Loan and/or Refinancing Term Loan on the Amendment No. 4 Effective Date in the aggregate principal amount set forth on the Amendment No. 4 Joinder of such Person. For the avoidance of doubt, the Term B-4 Commitments constitute either Refinancing Term Commitments or Incremental Commitments. The aggregate amount of the Term B-4 Commitments shall equal $1,427,000,000.
Term B-4 Commitment means the Additional Term B-4 Commitment and the Term B-4 Exchange Commitments. After giving effect to Amendment No. 5, on the Amendment No. 5 Effective Date, the aggregate amount of the Term B-4 Commitments shall be $635,869,644.98.
Examples of Term B-4 Commitment in a sentence
The Term B-4 Commitment of each Term B-4 Lender shall be automatically terminated on the Amendment No. 4 Effective Date upon the borrowing of its Term B-4 Loans on such date.
The Additional U.S. Term B-4 Commitment provided pursuant to this Agreement shall be subject to all of the terms in the Loan Agreement and to the conditions set forth in the Loan Agreement, and shall be entitled to all the benefits afforded by the Loan Agreement and the other Loan Documents, and shall, without limiting the foregoing, benefit equally and ratably from the Guaranty and security interests created by the Collateral Documents.
Each Additional U.S. Term B-4 Lender hereby agrees to make an Additional U.S. Term B-4 Loan to the Borrower in an amount equal to its Additional U.S. Term B-4 Commitment on the Amendment No. 8 Effective Date in accordance with Section 2.1(k) of the Loan Agreement.
Each Additional U.S. Term B-4 Lender, the Borrower and the Administrative Agent acknowledge and agree that the Additional U.S. Term B-4 Commitment provided pursuant to this Agreement shall constitute Additional U.S. Term B-4 Commitments for all purposes of the Loan Agreement and the other applicable Loan Documents.
JPMorgan Chase Bank, N.A. is executing this agreement in respect of its commitment to provide the Additional Term B-4 Commitment under this Amendment No. 6 (in such capacity, the “Additional Term B-4 Lender”).
More Definitions of Term B-4 Commitment
Term B-4 Commitment means, as to each Term B-4 Lender, its obligation to make a Term B-4 Loan to PR Borrower pursuant to Section 2.01(a)(vi)(C) in an aggregate amount not to exceed the amount set forth opposite such Term B-4 Lender’s name on Schedule 2.01B under the caption “Term B-4 Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate amount of the Term B-4 Commitments as of the Amendment No. 2 Effective Date is $250,000,000.
Term B-4 Commitment means, as to each Term B-4 Lender, its obligation to make a Term B-4 Loan to the Borrower pursuant to Section 2.01(b)(iv), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term B-4 Commitments of all of the Term B-4 Lenders as in effect on the Third Amendment Effective Date is FIFTEEN MILLION DOLLARS ($15,000,000). “Term B-4 Facility” means, at any time, (a) on or prior to the funding of the Term B-4 Loans, the aggregate amount of the Term B-4 Commitments at such time and (b) thereafter, the aggregate Outstanding Amount of the Term B-4 Loans of all Term B-4 Lenders outstanding at such time. “Term B-4 Lender” means (a) at any time on or prior to the funding of the Term B-4 Loans, any Lender that has a Term B-4 Commitment at such time and (b) at any time after the funding of the Term B-4 Loans, any Lender that holds one or more Term B-4 Loans at such time. “Term B-4 Loan” means an advance made by any Term B-4 Lender under the Term B-4 Facility. “Term B-4 Note” has the meaning set forth in Section 2.09. “Term C Availability Period” means the period from and after the institution of the Term C Commitments pursuant to Section 2.14 to the earliest of (a) December 31, 2020, (b) the date of termination of the Term C Commitments pursuant to Section 2.04 and (c) the date of termination of the Term C Commitments pursuant to Section 9.02. “Term C Borrowing” means a borrowing consisting of simultaneous Term C Loans made by each of the Term C Lenders pursuant to Section 2.01(c). “Term C Commitment” means, as to each Term C Lender, its obligation to make Term C Loans to the Borrower pursuant to Section 2.01(c). The aggregate principal amount of the Term C 36 CHAR1\1659840v4
Term B-4 Commitment as to any Lender, its obligation to make Term B-4 Loans to the Borrower pursuant to Subsection 2.1(b) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name on Schedule B hereto under the heading “Term B-4 Commitment”; collectively, as to all the Lenders with a Term B-4 Commitment, the “Term B-4 Commitments.” The original aggregate amount of the Term B-4 Commitments on the Amendment No. 4 Effective Date is $300,000,000.
Term B-4 Commitment as to any Lender, its obligation to make Term B-4 Loans to the U.S. Borrower pursuant to Subsection 2.1(b) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name on Schedule B hereto under the heading “Term B-4 Commitment”; collectively, as to all the Lenders with a Term B-4 Commitment, the “Term B-4 Commitments.” The original aggregate amount of the Term B-4 Commitments on5 Loans”: all “Term B-5 Loans” (as defined in the Original Credit Agreement) outstanding under this Agreement immediately prior to the Amendment No. 46 Effective Date is $300,000,000.
Term B-4 Commitment means (a) with respect to each Converting Term B-4 Consenting Lender, the commitment of such Lender to convert its Term B-3 Loans for an equal aggregate principal amount of Term B-4 Loans on the Amendment No. 2 Effective Date pursuant to Amendment No. 2 (or such lesser amount as determined by the Amendment No. 2 Lead Arrangers), (b) with respect to the Additional Term B-4 Lender, its Additional Term B-4 Commitment, and (c) with respect to the 2024-1
Term B-4 Commitment means, with respect to an Original Term B Lender, the agreement of such Original Term B Lender to convert the entire principal amount of its Original Term B Loans (or such lesser amount allocated to it by the Arranger) for an equal principal amount of Term B-4 Loans on the ARCA Amendment No. 3 Effective Date.
Term B-4 Commitment means, as to each Term B-4 Lender, its obligation to make (or otherwise fund, exchange or convert into, including by way of a cashless roll) a Term B-4 Loan to the Borrower hereunder pursuant to the terms and conditions of the Fourth Amendment to Credit Agreement, expressed as an amount representing the maximum principal amount of the Term B-4 Loan to be made (or otherwise be funded, exchanged or converted into, including by way of a cashless roll, a Term B-4 Loan) by such Term B-4 Lender under this Agreement (pursuant to the Fourth Amendment to Credit Agreement), as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to (i) assignments by or to such Term B-4 Lender pursuant to an Assignment and Assumption, (ii) an Incremental Facility Amendment, (iii) a Loan Modification Agreement or (iv) a Refinancing Amendment. The initial amount of each Term B-4 Lender’s Term B- 4 Commitment is set forth on Schedule 2.01(a) or in the Assignment and Assumption pursuant to which such Term Lender shall have assumed its Term Commitment or an Incremental Facility Amendment, a Loan Modification Agreement or a Refinancing Amendment, as applicable. As of the Fourth Amendment Effective Date, the total Term B-4 Commitment is $750,000,000.