Term B-5 Commitment means, as to each Term B-5 Lender, its obligation to make Term B-5 Loans to the Company pursuant to the Commitment Increase Amendment in the principal amount stated therein pursuant to which such Term B-5 Lender becomes a party hereto, as such amount may be adjusted from time to time in accordance with this Agreement.
Term B-5 Commitment means the Additional Term B-5 Commitment or an 2018 Additional Term B-5 Commitment.
Term B-5 Commitment means the Additional Term B-5 Commitment.
Examples of Term B-5 Commitment in a sentence
The Term B-5 Commitment of each Term B-5 Lender shall be automatically terminated on the Amendment No. 6 Effective Date upon the borrowing of its Term B-5 Loans on such date.
Subject to the terms and conditions hereof and of Amendment No. 6, each Term B-5 Lender severally agrees to make a Term B-5 Loan to the Borrower on the Amendment No. 6 Effective Date in the principal amount equal to its Term B-5 Commitment.
The Term B-5 Commitment of each Term B-5 Lender shall be automatically and permanently reduced to $0 upon the conversion of all or a portion of such Term B-5 Lender’s Third Restatement Existing Term B-1 Loans and/or Third Restatement Existing Term B-4 Loans into Term B-5 Loans pursuant to Section 2.01(a)(iii)(C)(I) and Section 2.01(a)(iii)(C)(II), respectively.
At the end of September 2022 we received the news that the Business Case had been approved and the monies released for the works to begin.
More Definitions of Term B-5 Commitment
Term B-5 Commitment means, as to each Term B-5 Lender, its obligation to make Term B-5 Loans to the Company pursuant to the Commitment Increase Amendment in the principal amount stated therein pursuant to which such Term B-5 Lender becomes a party hereto, as such amount may be adjusted from time to time in accordance with this Agreement.”;
Term B-5 Commitment means the Additional Term B-5 Commitment and the Term B-5 Exchange Commitments. After giving effect to Amendment No. 6, on the Amendment No. 6 Effective Date, the aggregate amount of the Term B-5 Commitments shall be $632,617,132.97.
Term B-5 Commitment means, with respect to a Person, the Incremental Commitment of such Person to make an Incremental Term Loan on the Amendment No. 6 Effective Date in the aggregate principal amount set forth on the Amendment No. 6 Joinder of such Person. For the avoidance of doubt, the Term B-5 Commitments constitute Incremental Commitments. The aggregate amount of the Term B-5 Commitments shall equal $600,000,000.
Term B-5 Commitment means, as to each Term B-5 Lender, its obligation to make a Term B-5 Loan to US Borrower pursuant to Section 2.01(a)(v)(B) in an aggregate amount not to exceed the amount set forth opposite such Term B-5 Lender’s name on Schedule 2.01B under the caption “Term B-5 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-5 Commitments as of the Amendment No. 1 Effective Date is $50,000,000.
Term B-5 Commitment as to any Lender, its obligation to make Term B-5 Loans to the U.S. Borrower and the Netherlands Borrower pursuant to Subsection 2.1(b) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule A hereto under the heading “Term B-5 Commitment”; collectively, as to all the Lenders with a Term B-5 Commitment, the “Term B-5 Commitments.” The original aggregate principal amount of the Term B-5 Commitments on the Amendment No. 5 Effective Date is $400,000,000.
Term B-5 Commitment means the Additional Term B-5 Commitment and the Term B-5 Exchange Commitments. After giving effect to Amendment No. 6, on the Amendment No. 6 Effective Date, the aggregate amount of the Term B-5 Commitments shall be $632,617,132.97. “Term B-5 Exchange Commitment” means the agreement of a Lender to exchange its Term B-4 Loans for an equal aggregate principal amount of Term B-5 Loans on the Amendment No. 6 Effective Date, as evidenced by such Lender executing and delivering its Amendment No. 6 Consent and indicating the “Cashless Settlement Option”. -51- “Term B-5 Lender” means, collectively, (i) on the Amendment No. 6 Effective Date, each Lender that executes and delivers an Amendment No. 6 Consent and indicates the “Cashless Settlement Option” prior to the Amendment No. 6 Effective Date, (ii) on the Amendment No. 6 Effective Date, the Additional Term B-5 Lender and (iii) thereafter, each Lender with an outstanding Term B-5 Loan. “Term B-5 Loan” means, collectively, (i) Term B-4 Loans exchanged for a like principal amount of Term B-5 Loans pursuant to Section 2.01(f)(i) and (ii) each Additional Term B-5 Loan made pursuant to Section 2.01(f)(ii), in each case on the Amendment No. 6
Term B-5 Commitment means, as to each Lender, its obligation to convert all or a portion of its (i) Term B-1 Loans into a Term B-5 Loan pursuant to Section 2.01(a)(iii)(C)(I) on the Third Restatement Effective Date in an aggregate principal amount equal to such Extending Term B-1/B-5 Lender’s Term B-5 Loan Amount and/or (ii) Term B-4 Loans into a Term B-5 Loan pursuant to Section 2.01(a)(iii)(C)(II) immediately following the Term B-5 Payment on the Third Restatement Effective Date in an aggregate principal amount equal to such Extending Term B-4/B-5 Lender’s Term B-5 Loan Amount.