Term B-4 Commitments definition

Term B-4 Commitments means, as to each Lender, its obligation to make a Term B-4 Loans to the Parent Borrower pursuant to Section 2.1(a) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name in Schedule 1.01 (as in effect on the Escrow Release Date) under the caption “Term B-4 Commitment” or in the Assignment and Acceptance 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 (including Section 2.8). The initial aggregate amount of the Term B-4 Commitments is $3,609,000,000.
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Term B-4 Commitments means the “Term B-4 Commitments” as defined in Amendment No. 5.
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Term B-4 Commitments. (i) the obligation of the Term B-4 Lenders to make Term B-4 Loans to the Company Borrower on the Amendment No. 4 Effective Date in the amount set forth opposite each Term B-4 Lender’s name on Schedule 2.01 to Amendment No. 4 and (ii) the Additional Term B-4 Commitments. “Term B-4 Lender”: at any time, any Lender that has a Term B-4 Commitment or a Term B-4 Loan at such time. “Term B-4 Loans”: (i) a Term B-4 Loan made pursuant to Amendment No. 4 and (ii) an Additional Term B-4 Loan made pursuant to Amendment No. 5. “Term Priority Collateral”: as defined in the ABL-Term Intercreditor Agreement; provided, that the Term Priority Collateral shall not include any Excluded Assets. “Term SOFR” means: (a) for any Interest Period with respect to a Term SOFR Loan, the rate per annum equal to the Term SOFR Screen Rate two U.S. Government Securities Business Days prior to the commencement of such Interest Period with a term equivalent to such Interest Period; provided that if the rate is not published prior to 11:00 a.m. on such determination date then Term SOFR means the Term SOFR Screen Rate on the first U.S. Government Securities Business Day immediately prior thereto, in each case, plus the SOFR Adjustment for such Interest Period; and - 70-
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Examples of Term B-4 Commitments in a sentence

  • 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.

  • For the avoidance of doubt, the Term B-4 Commitments constitute either Refinancing Term Commitments or Incremental Commitments.

  • Overall Laundry Services, LLC Delaware Schedule 1 U.S. Term B-4 Commitments Lenders U.S. Term X-0 Xxxxxxxxxxx Xxxxxx Xxxxxx XX, Xxxxxx Xxxxxxx Branch $900,000,000 Total $900,000,000 Exhibit A [attached] EXHIBIT A TO INCREMENTAL AMENDMENT NO.

  • The aggregate amount of the Term B-4 Commitments on the Amendment No. 23 Effective Date is $1,620,937,500200,000,000.

  • Term B-1 Commitments, Term B-2 Commitments, Term B-3 Commitments, Term B-4 Commitments, Other Term Loan Commitments and Term Commitments (and in each case, the Loans made pursuant to such Commitments) that have different terms and conditions shall be construed to be in different Classes.

  • The Additional Term B-4 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.

  • Each Additional Term B-4 Lender, the Parent Borrower, each other Co-Borrower and the Administrative Agent acknowledge and agree that the Additional Term B-4 Commitments provided pursuant to this Agreement shall constitute Term B-4 Commitments for all purposes of the Credit Agreement and the other applicable Loan Documents.

  • The aggregate amount of the Term B-4 Commitments on the Amendment No. 4 Effective Date is $440,000,000.

  • On the Amendment No. 4 Effective Date (after giving effect to the incurrence of Term B-4 Loans on such date), the Term B-4 Commitments shall terminate.

  • For the avoidance of doubt, the Term B-4 Lender hereby consents to Amendment No. 4 to the Credit Agreement The Term B-4 Lender, the Borrower and the Administrative Agent acknowledge and agree that the Term B-4 Commitments provided pursuant to this Agreement shall constitute Incremental Commitments and/or Refinancing Term Commitments for all purposes of the Credit Agreement and the other applicable Loan Documents.


More Definitions of Term B-4 Commitments

Term B-4 Commitments. (i) the obligation of the Term B-4 Lenders to make Term B-4 Loans to the Company Borrower on the Amendment No. 4 Effective Date in the amount set forth opposite each Term B-4 Lender’s name on Schedule 2.01 to Amendment No. 4.4 and (ii) the Additional Term B-4 Commitments. “Term B-4 Lender”: at any time, any Lender that has a Term B-4 Commitment or a Term B-4 Loan at such time. “Term B-4 Loans”: (i) a Term B-4 Loan made pursuant to Amendment No. 4.4 and (ii) an Additional Term B-4 Loan made pursuant to Amendment No. 5. “Term Priority Collateral”: as defined in the ABL-Term Intercreditor Agreement; provided, that the Term Priority Collateral shall not include any Excluded Assets. “Title Policy”: a lender’s policy of title insurance utilizing the American Land Title Association 2006 Form extended coverage, or such other form as is reasonably acceptable to the Administrative Agent or, if applicable, a binding marked commitment to issue such policy with a final policy to be dated the date of recording of the Mortgages, issued by a title company selected by the Company Borrower and reasonably acceptable to the Administrative Agent, insuring the Lien of the applicable Mortgage in an amount at least equal to the Fair Market Value of such real property (or such lesser amount as shall be agreed to by the Administrative Agent in its reasonable discretion) in favor of the Administrative Agent for the benefit of the Secured Parties, subject only to those exceptions which are either Permitted Liens or are otherwise reasonably approved by the Administrative Agent and containing such endorsements as the Administrative Agent shall reasonably require. “Total Assets”: the total consolidated assets of the Company Borrower and its Restricted Subsidiaries, as shown on the most recent consolidated or combined, as applicable, balance sheet of the -67-
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Term B-4 Commitments means the aggregate U.S. Term B-4 Commitments of all U.S. Term B-4 Lenders, which amount, initially as of the Incremental Amendment No. 8 Effective Date, shall be $900.0 million. “U.S. Term B-4 Lender” means each Lender that has a U.S. Term B-4 Commitment or that is a holder of U.S. Term B-4 Loans.
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Related to Term B-4 Commitments

  • Revolving Commitments means, collectively, the Dollar Commitments and the Multicurrency Commitments.

  • 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.

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

  • Extended Revolving Commitments has the meaning specified in Section 2.16(2).

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • 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.

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • 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.

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption 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.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • 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.

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).