Tranche 2 Term Loan Commitment means the commitment of a Lender to make or otherwise fund a Tranche 2 Term Loan. The amount of each Lender’s Tranche 2 Term Loan Commitment as of the Closing Date is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The Tranche 2 Term Loans were fully-advanced on the Closing Date.
Tranche 2 Term Loan Commitment means, as to each Tranche 2 Lender, its obligation to make Tranche 2 Term Loans to the Borrower pursuant to Section 2.01(b) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 1.01(b) under the caption “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. The Commitment of all of the Tranche 2 Lenders on the Closing Date is $50,000,000.
Tranche 2 Term Loan Commitment means, with respect to each Term Lender, the commitment of such Term Lender to make Term Loans, as set forth opposite the name of such Term Lender in the column entitled “Tranche 2 Term Loan Commitment” in Schedule 2.01, or if such Term Lender has entered into one or more Lender Assignment Agreements, set forth opposite the name of such Term Lender and any assignor Term Lender in the Term Lender Register maintained by the Term Loan Facility Agent pursuant to Section 2.04(f) (Funding) as each such Term Lender’s Tranche 2 Term Loan Commitment, as the same may be reduced in accordance with Section 2.05 (Termination or Reduction of Commitments).
Examples of Tranche 2 Term Loan Commitment in a sentence
Upon funding the Closing Date Term Loans on the Closing Date, each Lender’s Initial Term Loan Commitment and Tranche 2 Term Loan Commitment was automatically reduced to zero.
It turned out that the suggested land was also claimed by Airai State as public land, that the lot was too small, and that ⊥236 Airai State would not grant a building permit.Consequently, these settlement efforts came to naught.
The Amendment No. 2 Incremental Tranche 2 Term Loan Commitment is not revolving in nature, and amounts of Amendment No. 2 Incremental Tranche 2 Term Loans repaid or prepaid prior to the Term Loan Maturity Date may not be reborrowed.
Any Amendment No. 2 Incremental Tranche 2 Term Loan Commitment not funded on the Amendment No. 2 Effective Date will be terminated.
Upon funding the Closing Date Term Loans on the Closing Date and the consummation of the Transactions occurring on the Closing Date (including the transactions described in the Reaffirmation and Omnibus Amendment Agreement, and the Loan Assignment Transactions), each Lender’s Initial Term Loan Commitment and Tranche 2 Term Loan Commitment shall automatically be reduced to zero.
More Definitions of Tranche 2 Term Loan Commitment
Tranche 2 Term Loan Commitment the commitment of a Lender to make or otherwise fund a Tranche 2 Term Loan pursuant to subsection 2.1(b)(i) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name on Schedule A under the heading “Tranche 2 Term Loan Commitment”; collectively, as to all the Lenders, the “Tranche 2 Term Loan Commitments.” The aggregate amount of the Tranche 2 Term Loan Commitments as of the Closing Date is $85,000,000.
Tranche 2 Term Loan Commitment means, for each Lender, the obligation, if any, of such Lender to make Tranche 2 Term Loans to the Borrower, as set forth in Schedule 1, as it may be modified (a) as a result of any assignment that has become effective pursuant to Section 12.3(c) or
Tranche 2 Term Loan Commitment means, with respect to each Tranche 2 Term Loan Lender, the commitment of such Tranche 2 Term Loan Lender to lend sums to the Borrowers in an aggregate principal amount at any one time outstanding not in excess of the amount set forth in the Tranche 2 Joinder Agreement effecting such Tranche 2 Term Loan Lender’s “Tranche 2A Term Loan Commitment” (as the same as may subsequently be set forth in the Register from time to time and as the same may be increased or reduced from time to time pursuant to the terms of this Agreement).
Tranche 2 Term Loan Commitment means, as to each Tranche 2 Term Loan Lender, its Xxxxxxx 0X Xxxx Loan Commitment and its Tranche 2B Term Loan Commitment.
Tranche 2 Term Loan Commitment. Tranche 2 Term Loan Notice", and "Tranche 2 Unused Fee": Commitment shall mean, with respect to each Lender, such Lenders's Line of Credit Commitment, such Lender's Tranche 2 Line of Credit Commitment, such Lender's Term Loan Commitment and such Lender's Tranche 2 Term Loan Commitment, if any.
Tranche 2 Term Loan Commitment means, for each Lender, the obligation, if any, of such Lender to make Tranche 2 Term Loans to the Borrower (or continue to hold Tranche 2 Term Loans to the extent previously made pursuant to the Existing Credit Agreement, as applicable), as set forth in Schedule 1, as it may be modified (a) as a result of any assignment that has become effective pursuant to Section 12.3(c) or (b) otherwise from time to time pursuant to the terms hereof. As of the date of this Agreement, the aggregate amount of the Lenders’ Tranche 2 Term Loan Commitments is $425,000,000 (it being acknowledged and agreed that all Tranche 2 Term Loans have been funded prior to the Effective Date with respect to the Borrower, and any remaining commitments therefor exist solely for purposes of any reallocation of outstanding Tranche 2 Term Loans as of the Effective Date, as described in Article XVI hereof). After advancing the Tranche 2 Term Loan, each reference to a Lender’s Tranche 2 Term Loan Commitment shall refer to that Xxxxxx’s Pro Rata Share of the Tranche 2 Term Loans.
Tranche 2 Term Loan Commitment means, for each Lender, the obligation, if any, of such Lender to make Tranche 2 Term Loans to the Borrower, as set forth in Schedule 1, as it may be modified (a) as a result of any assignment that has become effective pursuant to Section 12.3(c) or (b) otherwise from time to time pursuant to the terms hereof. As of the date of this Agreement, the aggregate amount of the Lenders’ Tranche 2 Term Loan Commitments is $220,000,000. After advancing the Tranche 2 Term Loan, each reference to a Lender’s Tranche 2 Term Loan Commitment shall refer to that Lender’s Pro Rata Share of the Tranche 2 Term Loans (and for the avoidance of doubt, except to the extent any additional funds are required to be provided by any Term Lender pursuant to Section 2.1(c) to effect a reallocation of the Tranche 2 Term Loans as required by Article XVI hereof, it is acknowledged and agreed that the Tranche 2 Term Loans were fully drawn (as “Seven-Year Term Loans”) pursuant to the Existing Credit Agreement and no Term Lender shall have any further commitment to fund Tranche 2 Term Loans on or after the Effective Date).