Term B1 Commitment definition

Term B1 Commitment means, as to each Term B Lender, its obligation to make Term B1 Loans to the Borrower pursuant to Section 2.01(a)(i) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term B Lender’s name on Schedule 2.01 under the caption “Term B1 Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term B Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

Term B1 Commitment is defined in Subpart 2.1.2. "Term B1 Lender" is defined in Subpart 2.1.2.

Term B1 Commitment means, with respect to a Term B Lender, the agreement of such Term B Lender to exchange its Term B Advances for an equal aggregate principal amount of Term B1 Advances on the Fifth Amendment Effective Date, as evidenced by such Term B Lender executing and delivering the Fifth Amendment.

Examples of Term B1 Commitment in a sentence

• Subject to the terms and conditions set forth herein and in Amendment No. 1, each Additional U.S. Term B-1 Lender severally agrees to make an Additional U.S. Term B-1 Loan to the Borrower on the Amendment No. 1 Effective Date in the principal amount equal to its Additional U.S. Term B-1 Commitment on the Amendment No. 1 Effective Date.

• From and after the Effective Date, (i) the Incremental Term Lender party hereto shall be a Term B-1 Lender for all purposes under the Credit Agreement and the other Loan Documents and (ii) the Incremental Term Facility of the Incremental Term Lender party hereto shall be a Term B-1 Commitment for all purposes under the Credit Agreement and the other Loan Documents.

• Each Term B-1 Lender severally agrees, on the terms and conditions hereinafter set forth, to make a single advance (a “Term B-1 Advance”) to the Borrower on or after the Effective Date in an amount not to exceed such Lender’s Term B-1 Commitment at such time, consisting of Term B-1 Advances made simultaneously by the Term B-1 Lenders ratably according to their Term B-1 Commitments.

• The Term B-1 Commitment shall automatically terminate in whole upon the drawing thereunder.

• Subject to the terms and conditions set forth herein and in Amendment No. 2, each Additional Euro Term B-1 Lender severally agrees to make an Additional Euro Term B-1 Loan to the Borrower on the Amendment No. 2 Effective Date in the principal amount equal to its Additional Euro Term B-1 Commitment on the Amendment No. 2 Effective Date.

More Definitions of Term B1 Commitment

Term B1 Commitment means, as to each Term B1 Lender at any time, its obligations to make Term B1 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 Lender’s name on Schedule 2.01 hereto under the caption “Total Term B1 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.”

Term B1 Commitment as to any Lender, the obligation of such Lender, if any, to make a Term B1 Loan to the Borrower on the Amendment No. 1 Effective Date in a principal amount not to exceed the amount set forth under the heading “Term B1 Commitment” opposite such Lender’s name on Annex A-1, or, as the case may be, in the Assignment and Assumption pursuant to which such Lender became a party hereto. The aggregate amount of the Term B1 Commitments is $200,000,0002,437,673.62.

Term B1 Commitment means, in relation to a Term B1 Bank at any time and save as otherwise provided herein, the amount set out opposite its name under the heading "TERM B1 COMMITMENT" in Part III of Schedule 1 (THE BANKS) PROVIDED THAT the Term B1 Commitment of each Term B1 Bank shall be reduced on each date set out in Clause 11.1 (TERM REPAYMENT INSTALMENTS) by the percentage set out opposite such date under the heading "Percentage of Term B1 Outstandings and Term B2 Outstandings".

Term B1 Commitment means, as to each Term B1 Lender at any time, its obligation to exchange and convert Existing Term B Loans for and into Term B1 Loans and to make Term B1 Loans on the First Amendment Effective Date to the Borrower pursuant to Section 2.01(a)(ii) or (iii), as applicable, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term B1 Lender’s name on Schedule 2.01 attached to the First Amendment under the caption “Total Term B1 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 Commitment of all Term B1 Lenders shall be $895,500,000 on the First Amendment Effective Date.

Term B1 Commitment means, with respect to any Term B1 Lender at any time, the amount set forth opposite such Lender’s name on Schedule I hereto under the caption “Term B1 Commitment” or, if such Lender has entered into one or more Assignment and Acceptances, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Lender’s “Term B1 Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.”

Term B1 Commitment means, with respect to any Term B1 Lender at any time, the amount set forth opposite such Lender’s name on Schedule I hereto under the caption “Total Term B1 Commitment” or, if such Lender has entered into one or more Assignment and Acceptances, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(d) as such Lender’s “Total Term B1 Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.06. Unless the context shall otherwise require, after the effectiveness of any Incremental Term Commitment, the term “Term B1 Commitment” shall include such Incremental Term Commitment.”

Term B1 Commitment means, with respect to any Term B1 Lender at any time, the amount set forth opposite such Lender’s name on Schedule I hereto under the caption “Total Term B1 Commitment” or, if such Lender has entered into one or more Assignment and Acceptances, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 8.07(d) as such Lender’s “Total Term B1 Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.06.