Tranche 3 Term Loan Commitment definition

Tranche 3 Term Loan Commitment means, with respect to an Original Lender, the agreement of such Original Lender to convert Original Term Loans into an equal aggregate principal amount of Tranche 3 Term Loans, such amount based on a pro rata allocation among the Tranche 3 Term Loans and Tranche 4 Term Loans (or such other basis as determined by the Arranger), on the Amendment and Restatement Date under the Amended and Restated Credit Agreement, as evidenced by such Original Lender executing and delivering this Agreement and marking the box titled “Cash Settlement Option” on the signature page hereto. Such Original Lender’s Tranche 3 Term Loan Commitments, together with its Tranche 4 Term Loan Commitment, shall not exceed 100% of the aggregate principal amount of such Original Lender’s existing Original Term Loans.
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Tranche 3 Term Loan Commitment means, for each Lender, the obligation, if any, of such Lender to make Tranche 3 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 Amendment No. 1 Effective Date, the aggregate amount of the Lenders’ Tranche 3 Term Loan Commitments is $245,000,000. After advancing the Tranche 3 Term Loan, each reference to a Lender’s Tranche 3 Term Loan Commitment shall refer to that Lender’s Pro Rata Share of the Tranche 3 Term Loans.
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Tranche 3 Term Loan Commitment the commitment of a Lender to make or otherwise fund a Tranche 3 Term Loan pursuant to subsection 2.1(c)(i) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name on Schedule A under the heading “Tranche 3 Term Loan Commitment”; collectively, as to all the Lenders, the “Tranche 3 Term Loan Commitments.” The aggregate amount of the Tranche 3 Term Loan Commitments as of the Closing Date is $45,000,000.
Sample 1

Examples of Tranche 3 Term Loan Commitment in a sentence

  • The Administrative Agent shall have received one or more Tranche 3 Joinder Agreements duly executed and delivered by each Person allocated an Incremental Tranche 3 Term Loan Commitment by which Joinder Agreements the Incremental Tranche 3 Term Loan Commitments of each such Person shall be effected and each such Tranche 3 Joinder Agreement shall also have been executed and delivered by the Borrowers and the Administrative Agent, and each of which shall be recorded in the Register.

  • Each party hereto other than Borrowers and (solely in its capacity as such) Administrative Agent (the “Tranche 3 Term Loan Lenders”) hereby agrees to provide the Incremental Tranche 3 Term Loan Commitment set forth on its signature page hereto pursuant to and in accordance with Section 2.1(a)(iv) of the Credit Agreement.

  • Each Tranche 3 Term Loan Lender understands that final allocations of Incremental Tranche 3 Term Loan Commitments will be made at the sole discretion of the Arrangers and the Company and that the Arrangers and the Company may direct the Administrative Agent to accept or reject any such Incremental Tranche 3 Term Loan Commitment in whole or in part.

  • Each Increasing Lender agrees, subject to the terms and conditions of the Credit Agreement, including without limitation Section 2.24 thereof, that it shall participate in the funding of the Tranche 3 Term Loans and the Tranche 4 Term Loans (each of which shall constitute Incremental Term Loans under the Credit Agreement) on the Amendment No. 1 Effective Date in amounts equal to its Tranche 3 Term Loan Commitment and Tranche 4 Term Loan Commitment, respectively.

  • As of the Amendment Effective Date, each Person holding an Incremental Tranche 3 Term Loan Commitment accepted by the Administrative Agent that is not then a Lender shall become a Lender under the Third Amended and Restated Credit Agreement with respect to such Incremental Tranche 3 Term Loan Commitment and the Tranche 3 Term Loans to be made by it pursuant thereto.

  • Each Person holding an Incremental Tranche 3 Term Loan Commitment that is accepted by the Administrative Agent agrees that such Incremental Tranche 3 Term Loan Commitment is subject to the terms of the Third Amended and Restated Credit Agreement.

  • Each Tranche 3 Term Lender’s Tranche 3 Term Loan Commitment shall terminate immediately and without further action on the Tranche 3 Term Loan Commitment Termination Date.

  • Each Lender’s Tranche 3 Term Loan Commitment shall terminate immediately and without further action on the earlier of (i) the Credit Date on which the Tranche 3 Term Loan Commitments have been fully utilized and (ii) the close of business in New York City on the Third Restatement Effective Date.

  • Each Tranche 3 Term Loan Lender hereby agrees to make a Tranche 3 Term Loan to the Borrowers in an amount equal to the amount of its Incremental Tranche 3 Term Loan Commitment that is accepted by the Administrative Agent on the applicable Credit Date in accordance with Section 2.1(b)(v) of the Credit Agreement, subject to the conditions and other provisions set forth in Section 2.22 of the Credit Agreement and Section V of the Third Restatement Agreement.

  • The Tranche 3 Term Loan Commitment of each Lender shall terminate on the earlier to occur of (x) the Tranche 3 Funding Date (after giving effect to the incurrence [***] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.


More Definitions of Tranche 3 Term Loan Commitment

Tranche 3 Term Loan Commitment means, with respect to an Original Lender, the agreement of such Original Lender to convert Original Term Loans into an equal aggregate principal amount of Tranche 3 Term Loans, such amount based on a pro rata allocation among the Tranche 3 Term Loans and Tranche 4 Term Loans (or such other basis as determined by the Arranger), on the Amendment and Restatement Date under the Amended and Restated Credit Agreement, as evidenced by such
Sample 1
Tranche 3 Term Loan Commitment means, with respect to each Tranche 3 Term Loan Lender, the commitment of such Tranche 3 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 (i) in the case of Tranche 1 Term Loan Lenders and Tranche 2 Term Loan Lenders that agree to convert their Tranche 1 Term Loans and Tranche 2 Term Loans into Tranche 3 Term Loans on the Third Restatement Effective Date, the aggregate amount of such Lender’s Term Loans so converted and (ii) in the case of a Lender holding an Incremental Tranche 3 Term Loan Commitment that is accepted by the Administrative Agent, the amount of such Incremental Tranche 3 Term Loan Commitment (in each case, 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). For the avoidance of doubt, Tranche 3 Term Loan Commitments shall include Incremental Tranche 3 Term Loan Commitments that are accepted by the Administrative Agent on the Third Restatement Effective Date, but in no event shall the total amount of all Tranche 3 Term Loan Commitments exceed the Tranche 3 Total Commitment Amount.
Sample 1
Tranche 3 Term Loan Commitment means, for each Lender, the obligation, if any, of such Lender to make Tranche 3 Term Loans to the Borrower (or continue to hold Tranche 3 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 3 Term Loan Commitments is $245,000,000 (it being acknowledged and agreed that all Tranche 3 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 3 Term Loans as of the Effective Date, as described in Article XVI hereof). After advancing the Tranche 3 Term Loan, each reference to a Lender’s Tranche 3 Term Loan Commitment shall refer to that Xxxxxx’s Pro Rata Share of the Tranche 3 Term Loans.
Sample 1
Tranche 3 Term Loan Commitment means, for each Lender, the obligation, if any, of such Lender to make Tranche 3 Term Loans to the Borrower (or continue to hold Tranche 3 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 3 Term Loan Commitments is $245,000,000. After advancing the Tranche 3 Term Loan, each reference to a Lender’s Tranche 3 Term Loan Commitment shall refer to that Lender’s Pro Rata Share of the Tranche 3 Term Loans.
Sample 1
Tranche 3 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 3 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 3 Term Loan Commitment, as the same may be reduced in accordance with Section 2.05 (Termination or Reduction of Commitments).
Sample 1
Tranche 3 Term Loan Commitment means, as to each Tranche 3 Term Lender, its obligation to make Tranche 3 Term Loans to the Borrower pursuant to Section 1.1(a)(iii) of the Agreement in an aggregate original principal amount equal to the amount set forth opposite such Tranche 3 Term Lender’s name on Schedule 1.1 hereto. On the Sixth Amendment Effective Date, the aggregate amount of Tranche 3 Term Loan Commitments is $2,000,000.00.
Sample 1

Related to Tranche 3 Term Loan Commitment

  • 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 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.

  • 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.

  • 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.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • 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.

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

  • 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.

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • 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.

  • Initial Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Initial Term Loan and “Initial Term Loan Commitments” means such commitments of all of the Lenders in the aggregate. The amount of each Lender’s Initial Term Loan Commitment, if any, is set forth on Appendix A-1 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $200,000,000.

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • 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.

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Tranche B Term Loan Lender each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

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

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $90,000,000, as such amount may be adjusted as permitted by this Agreement.

  • Tranche A Term Commitment as to any Lender, the obligation of such Lender, if any, to make a Tranche A Term Loan to the Borrower on the Incremental Facilities Closing Date in a principal amount not to exceed the amount set forth under the heading “Tranche A Term Commitment” opposite such Lender’s name on Schedule 1.1A. The original aggregate amount of the Tranche A Term Commitments is $20,000,000.

  • Tranche B Term Loan Facility as defined in the definition of “Facility” in this Section 1.1.

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

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • 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.

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

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

  • Tranche B Term Loan as defined in Section 2.1.

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.