Tranche B-1 Term Exchange Commitment definition

Tranche B-1 Term Exchange Commitment means the agreement of a Lender to exchange its Initial Term Loans for an equal aggregate principal amount of Tranche B-1 Term Loans on the Amendment No. 2 Effective Date, as evidenced by such Lender executing and delivering an Amendment No. 2 Consent and indicating the “Cashless Settlement Option.”
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Tranche B-1 Term Exchange Commitment means the agreement of a Lender to exchange its Initial Term Loans for an equal aggregate principal amount of Tranche B-1 Term Loans on the Amendment No. 2 Effective Date, as evidenced by such Lender executing and delivering an Amendment No. 2 Consent and indicating the “Cashless Settlement Option.” “Tranche B-1 Term Lender” means any Lender with a Tranche B-1 Term Commitment or an outstanding Tranche B-1 Term Loan. “Tranche B-1 Term Loans” means, collectively, (a) each Tranche B-1 Term Loans for which a like principal amount of Initial Term Loan has been exchanged pursuant to Section 2.01(b)(i) and (b) each Additional Tranche B-1 Term Loan made pursuant to Section 2.01(b)(ii), in each case on the Amendment No. 2
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Related to Tranche B-1 Term Exchange Commitment

  • Initial Term Commitment means, as to each Term Lender, its obligation to make an Initial Term Loan to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount not to exceed the amount set forth opposite such Term Lender’s name in Schedule 1.01A under the caption “Initial Term Commitment.” The initial aggregate principal amount of the Initial Term Commitments as of the Closing Date was $2,670,000,000.

  • 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 Initial Term Loan Commitment means the sum of the Initial Term Loan Commitments of all Lenders.

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • 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.

  • 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.

  • 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.