Term Loan 2 Commitment definition

Term Loan 2 Commitment means with respect to each Term Loan 2 Lender, the commitment of such Lender to make a Term Loan 2 in the amount of such Lender’s Term Loan 2 Commitment set forth on Schedule 1.
Sample 1Sample 2Sample 3
Term Loan 2 Commitment means $5,500,000.
Sample 1
Term Loan 2 Commitment means the Term Loan Commitment as to Term Loan 2, in the amount set forth on the Commitment Schedule.
Sample 1

Examples of Term Loan 2 Commitment in a sentence

  • The Term Loan 1 Commitment and Term Loan 2 Commitment of each Lender shall expire on the funding by such Lender of its Term Loan 1 Advance and Term Loan 2 Advance, respectively.

  • The Assignee further acknowledges that the Assignor has made no assurances that the Assignor will not transfer all or any part of its remaining outstanding [Revolving Credit Loans], [Term Loans #1], [Term Loans #2], [Letter of Credit Obligations], [Term Loan #1 Commitment], [the Term Loan #2 Commitment] or [Revolving Credit Commitment] (choose as applicable) under the Loan Agreement, except that the Assignor shall be required to comply with the provisions of Section 11.02 of the Loan Agreement.

  • For the period beginning on the Closing Date and ending at the end of the Delayed Draw Term Loan 2 Commitment Period, the Borrowers agree to pay to the Agent, for the pro rata benefit of the Lenders, based on their Applicable Commitment Percentages, a commitment fee in the amount of the Applicable Margin on the undrawn portion of the Delayed Draw Term Loan 2 Commitment.

  • Subject to and upon the terms and conditions herein set forth, each Lender severally agrees to make to Borrowers a Term Loan 1 Advance in an amount not to exceed such Lender’s Term Loan 1 Commitment and a Term Loan 2 Advance in an amount not to exceed such Lender’s Term Loan 2 Commitment.

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  • Each Additional Lender agrees to be bound by the provisions of the Credit Agreement, and agrees that it shall, on the Increased Facility Closing Date, become a Lender for all purposes of the Credit Agreement to the same extent as if originally a party thereto, with a Term Loan 1 Commitment and/or Term Loan 2 Commitment, as set forth opposite such Additional Lender’s name on the signature pages hereof under the caption “Term Loan 1 Commitment Amount” or “Term Loan 2 Commitment Amount”.


More Definitions of Term Loan 2 Commitment

Term Loan 2 Commitment means $1,599,000.
Sample 1
Term Loan 2 Commitment or "Term Loan #2 Commitments" shall mean, with respect to each Lender (but not including a Canadian Lender), as of any date of determination, such Lender's Pro Rata Share of the amount of the Term Loan Facility #2, as of such date, which percentage and amount shall be set forth on the signature pages to this Loan Agreement and/or in any Assignment and Acceptance Agreement.
Sample 1
Term Loan 2 Commitment means, as of the date of the Notice of Borrowing with regard to Term Loan 2, the lesser of the (i) Aggregate Commitment minus the Revolving Loan Commitment as of such date or (ii) the product of Borrower’s Consolidated EBITDA for 2019 based on Borrower’s audited consolidated financial statements for the period ending December 31, 2019 multiplied by three (3), in each case of (i) or (ii) subtracting therefrom the outstanding principal balance of Term Loan 1 as of such date.
Sample 1
Term Loan 2 Commitment. The commitment of a Lender to make Term Loan 2s to the Borrower pursuant to Section 2.2(b) in an aggregate principal amounts not in excess of the amount set forth opposite such Lender’s name on Annex 1, as such amount may be adjusted from time to time in accordance with this Agreement.
Sample 1

Related to Term Loan 2 Commitment

  • 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.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • 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.

  • Term B Loan Commitment means the obligation of the Term B Lenders to make a Term B Loan on the Closing Date in an aggregate principal amount equal to $850,000,000. The Term B Loan Commitment on the Closing Date is $850,000,000.

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B 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.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • Loan Commitment means a statement transmitted in writing or electronically by a mortgage lender setting forth the terms and conditions upon which the mortgage lender is willing to make a particular residential mortgage loan to a particular borrower.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Total Loan Commitment means an amount equal to the aggregate amount of all Loan Commitments.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • 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.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make or otherwise fund the Tranche A Term Loan and “Tranche A Term Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of the Tranche A Term Loan Commitments as of the Closing Date is $5,000,000.

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.