Tranche B-1 Commitment means, for each Tranche B-1 Lender, the amount as defined therefor in the First Incremental Agreement.
Tranche B-1 Commitment means, for each Tranche B-1 Lender, the amount as defined therefor in the First Incremental Agreement. “Tranche B-1 Funding Date” means the date on which the Tranche B-1 Loans are made (if at all) pursuant to the First Incremental
Tranche B-1 Commitment means, as to any Tranche B-1 Lender, such Xxxxxx’s commitment to make Tranche B-1 Loans on the Closing Date under this Agreement. The amount of each Tranche B-1 Lender’s Tranche B-1 Commitment as of the Closing Date is set forth on Annex A. The aggregate amount of the Tranche B-1 Commitments of all Tranche B-1 Lenders as of the Closing Date is the equivalent in Dollars of MXN$71,524,492.12 determined by reference to the Conversion Rate as of the Closing Date, which amount in Dollars will be specified in the Funds Flow Memorandum.
Examples of Tranche B-1 Commitment in a sentence
Not later than 1:00 p.m., New York City time, on the Tranche B-1 Funding Date, each Tranche B-1 Lender shall make available funds equal to its Tranche B-1 Commitment in immediately available funds to the Administrative Agent at its address specified pursuant to Article 13 of the Credit Agreement.
Additional Tranche B-1 Commitment: Additional Tranche B-1 Lender $ [NAME] By: Name: Title: Accepted and Acknowledged this day of November, 2011: BANK OF AMERICA, N.A., as Administrative Agent By: Name: Title: Accepted and Acknowledged this day of November, 2011: MONEYGRAM INTERNATIONAL, INC.
More Definitions of Tranche B-1 Commitment
Tranche B-1 Commitment means, with respect to each Lender, the commitment of such Lender, if any, to make Tranche B-1 Term Loans pursuant to clause (ii) of Section 2.01(a) during the Tranche B-1 Term Loan Availability Period. The amount of each Lender's Tranche B-1 Commitment is set forth on Schedule I to the Agreement to Amend and Restate.
Tranche B-1 Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B-1 Term Loan on the Amendment Effective Date, expressed as an amount representing the maximum aggregate amount of such Tranche B-1 Term Loan. The initial amount of each Lender’s Tranche B-1 Commitment is set forth on Schedule 2.01 to the Existing ARCA. The initial aggregate amount of the Lenders’ Tranche B-1 Commitments is $1,400,000,000.
Tranche B-1 Commitment has the meaning specified in the First ARCA.
Tranche B-1 Commitment means, with respect to each Lender, an amount representing the maximum permitted aggregate amount of such Lender’s Tranche B-1 Credit Exposure hereunder, as such amount may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. For the avoidance of doubt, a Lender’s Tranche B-1 Commitment shall be deemed “unused” at any time to the extent it exceeds such Lender’s Tranche B-1 Credit Exposure at such time. The initial amount of each Lender’s Tranche B-1 Commitment is set forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Tranche B-1 Commitment, as applicable. The initial aggregate amount of the Lenders’ Tranche B-1 Commitments is $60,000,000.
Tranche B-1 Commitment with respect to each Lender, the agreement, if any, of such Lender to convert all or part of such Lender’s Old Tranche B Term Loan into a Tranche B-1 Term Loan hereunder (or the commitment to make a Tranche B-1 Term Loan to the Parent Borrower hereunder) on the Amendment/Restatement Effective Date in a principal amount not to exceed the amount set forth under the heading “Tranche B-1 Commitment/Conversion” opposite such Lender’s name on Schedule 1.1A hereto or in the Assignment and Acceptance pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The aggregate principal amount of the Lenders’ Tranche B-1 Commitments is $891,000,000.
Tranche B-1 Commitment means, with respect to each Lender, the commitment, if any, of such Lender under the Amendment and Restatement Agreement to make a Tranche B-1 Term Loan hereunder on the Restatement Effective Date, expressed as an amount representing the maximum principal amount of the Tranche B-1 Term Loan to be made by such Lender hereunder. The initial amount of each Lender’s Tranche B-1 Commitment is as set forth on Schedule 1 to the Amendment and Restatement Agreement. The initial aggregate amount of the Lenders’ Tranche B-1 Commitments on the Restatement Effective Date is $1,096,250,000.
Tranche B-1 Commitment means, for each Tranche B-1 Lender, the amount as defined therefor in the First Incremental Agreement. “Tranche B-1 Funding Date” means the date on which the Tranche B-1 Loans are made (if at all) pursuant to the First Incremental Agreement. “Tranche B-1 Lender” means the “Tranche B-1 Lenders” identified in and party to the First Incremental Agreement. “Tranche B-1 Loan” has the meaning set forth in Section 2.01. For the avoidance of doubt, the “Applicable Margin” and “Maturity Date” for each Tranche B-1 Loan shall be as provided for all Term Loans in the Credit Agreement as in effect on the date hereof. (ii) Section 2.01: The existing text of Section 2.01 of the Credit Agreement is designated to be clause “(a)” thereof, and the following new clause (b) is added to read in full as follows: 2 (b) Each Tranche B-1 Lender severally (and not jointly) agreed, on the terms and subject to the conditions set forth in the First Incremental Agreement, to make an Incremental Term Loan (each, a “Tranche B-1 Loan”) to the Borrower on the Tranche B-1 Funding Date in the amount of such Tranche B-1 Lender’s Tranche B-1