Term B-4 Loan Commitment means the commitment of the Term B-4 Lender to make a Term B-4 Loan on the Third Amendment Effective Date in an amount set forth under the caption “Term B-4 Loan” as such amount may be adjusted from time to time in accordance with this Agreement.

Term B-4 Loan Commitment shall have the meaning assigned to such term in Section 1.1 of the Incremental Amendment.

Term B-4 Loan Commitment means, as to each Term B-4 Lender, its obligation to exchange and convert Term B-2 Loans for and into Term B-4 Loans pursuant to Section 2.17(a) in an aggregate amount not to exceed the amount set forth in such Term B-4 Lender’s Lender Addendum delivered by such Term B-4 Lender on the Amendment No. 5 Effective Date as provided in Amendment No. 5, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate Term B-4 Commitments of all Term B-4 Lenders on the Amendment No. 5 Effective Date is $1,000,000,000.”

Examples of Term B-4 Loan Commitment in a sentence

The Term B-4 Loan Commitment of the Term B-4 Lender shall be automatically and permanently reduced to $0 upon the funding of the Term B-4 Loans made by it on the Third Amendment Effective Date.
Subject to the terms and conditions set forth herein and in Amendment No. 3, the Term B-4 Lender agrees to make a Term B-4 Loan to the Borrower on the Third Amendment Effective Date in Dollars in a principal amount not to exceed its Term B-4 Loan Commitment.
The Term B-4 Loan Commitment of each Term B-4 Lender shall be automatically and permanently reduced to $0 upon the funding of Fifth Amendment Effective Date Term Loans made by it on the Fifth Amendment Effective Date.
Subject to the terms and conditions set forth herein, each Incremental Lender agrees to make Term B-4 Loans to the Borrower on the Incremental Effective Date in a principal amount not to exceed such Incremental Lender’s Term B-4 Loan Commitment in accordance with the applicable procedures set forth in Article II of the Credit Agreement.
The payment of such Closing Fee shall not reduce the principal amount of the Term B-4 Loan made by such Incremental Lender, and the disbursement of the proceeds of such Term B-4 Loan, exclusive of the amount of such Closing Fee, shall satisfy such Incremental Lender’s Term B-4 Loan Commitment relating thereto in full.

More Definitions of Term B-4 Loan Commitment

Term B-4 Loan Commitment means, as to any Lender, the obligation of such Lender to make Term B-4 Loans hereunder (including by way of conversion of 2017 Rook Incremental Term B Loans) (excluding, for the avoidance of doubt, the 2017 Incremental Term B-1 Loan Commitments) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1 to Amendment No. 4 and made a part hereof, as the same may be reduced pursuant to Section 2.10 . On the Amendment No. 4 Effective Date, the 2017 Rook Incremental Term B Loans of each 2017 Rook Incremental Term B to New Term B-4 Converting Lender (as defined in Amendment No. 4) were automatically converted into Term B-4 Loans pursuant to Amendment No. 4. The Borrower and the Term B-4 Lenders acknowledge and agree that the Term B-4 Loan Commitments of the Term B-4 Lenders aggregate $1,270.00 million as of the Amendment No. 4 Effective Date.

Term B-4 Loan Commitment means, as to any Lender, the obligation of such Lender to make Term B-4 Loans hereunder (including by way of conversion of 2017 Rook Incremental Term B Loans) (excluding, for the avoidance of doubt, the 2017 Incremental Term B-1 Loan Commitments) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1 to Amendment No. 4 and made a part hereof, as the same may be reduced pursuant to Section 2.10. On the Amendment No. 4 Effective Date, the 2017 Rook Incremental Term B Loans of each 2017 Rook Incremental Term B to New Term B-4 Converting Lender (as defined in Amendment No. 4) were automatically converted into Term B-4 Loans pursuant to Amendment No. 4. The Borrower and the Term B-4 Lenders acknowledge and agree that the Term B-4 Loan Commitments of the Term B-4 Lenders aggregate $1,270.00 million as of the Amendment No. 4 Effective Date.

Term B-4 Loan Commitment means, as to any Lender, the obligation of such Lender to make Term B-4 Loans hereunder (including by way of conversion of 2017 Rook Incremental Term B Loans) (excluding, for the avoidance of doubt, the 2017 Incremental Term B-1 Loan CommitmentsExisting Term B-4 Loans) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1 to Amendment No. 45 and made a part hereof, as the same may be reduced pursuant to Section 2.10. On the Amendment No. 45 Effective Date, the 2017 Rook IncrementalExisting Term BB-4 Loans of each 2017 Rook IncrementalExisting Term BB-4 to New Term B-4 Converting Lender (as defined in Amendment No. 45) were automatically converted into Term B-4 Loans pursuant to Amendment No. 45. The Borrower and the Term B-4 Lenders acknowledge and agree that the Term B-4 Loan Commitments of the Term B-4 Lenders aggregate $1,270.00 million1,755,000,000.00 as of the Amendment No. 45 Effective Date.

Term B-4 Loan Commitment means, as to each Term B-4 Lender, its obligation to make its portion of the Term B-4 Loan to the Company pursuant to Section 2.01(h), in the principal amount set forth opposite such Term B-4 Lender’s name on the Register. The aggregate principal amount of (a) the Term B-4 Loan Commitments of all of the Term B-4 Lenders with respect to the portion of the Term B-4 Loan established pursuant to the Ninth Amendment as in effect on the Ninth Amendment Effective Date was ONE BILLION ONE HUNDRED FIFTY MILLION DOLLARS ($1,150,000,000) and (b) the Term B-4 Loan Commitments of all of the Term B-4 Lenders with respect to the portion of the Term B-4 Loan established pursuant to the Eleventh Amendment as in effect on the Eleventh Amendment Effective Date is SEVEN HUNDRED FIFTY MILLION DOLLARS ($750,000,000).

Term B-4 Loan Commitment with respect to a Term B-4 Lender, (i) the commitment in respect of the Term B-4 Loan on the Fifth Amendment Effective Date in an amount of up to $545,875,000.00 and/or (ii) its commitment to make Term B-4 Loans pursuant to the applicable Joinder Agreement delivered in connection with an issuance of Term B-4 Loans pursuant to Section 2.5 of this Agreement. As of the Fifth Amendment Effective Date, the aggregate principal amount of the Term B-4 Loan Commitments is $100,841,780.87, which are held by Bank of America, N.A.