Tranche B-4 Term Loan Commitment means, with respect to a Cashless Option Tranche B-4 Lender, the agreement of such Cashless Option Tranche B-4 Lender to exchange its Existing Tranche B-3 Term Loans for an equal aggregate principal amount of Tranche B-4 Term Loans (or such lesser amount as determined by the Fifth Amendment Agreement Arrangers) on the Fifth Amendment Effective Date, as evidenced by such Existing Tranche B-3 Term Loan Lender executing and delivering Fifth Amendment Agreement.
Tranche B-4 Term Loan Commitment the commitments of the Tranche B-4 Term Loan Lenders pursuant to the Third Amendment, the commitments of the Fourth Amendment Incremental Term Loan Lenders pursuant to the Fourth Amendment or, as the case may be, in the Assignment and Assumption 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 amount of the Tranche B-4 Term Loan Commitments as of the Third Amendment Effective Date is $450,000,00.00. The aggregate amount of the Tranche B-4 Term Loan Commitments as of the Fourth Amendment Effective Date is $300,000,000.00. Upon the occurrence of the Fourth Amendment Effective Date, the Fourth Amendment Incremental Term Loan Commitments shall automatically and without further action by any Person constitute additional Tranche B-4 Term Loan Commitments (and shall have the same terms as the Tranche B-4 Term Loan Commitments after giving effect to the Fourth Amendment) and shall be part of the same class of Commitments as the Tranche B-4 Term Loan Commitments, in each case for all purposes of this Agreement and the other Loan Documents.
Tranche B-4 Term Loan Commitment means, (a) in the case of each Lender that is a Lender on the Amendment No. 5 Effective Date, the amount of such Lender’s commitment to make Tranche B-4 Term Loans pursuant to and in accordance with Amendment No. 5 and Joinder Agreement on the Amendment No. 5 Effective Date and (b) in the case of any Lender that is not covered by clause (a) of this definition and becomes a Lender after the Amendment No. 5 Effective Date, the amount specified as such Lender’s “Tranche B-4 Term Loan Commitment” in the Assignment and Acceptance pursuant to which such Lender renewed a portion of the Tranche B-4 Term Loan Commitment, as the case may be, in each case as the same may be changed from time to time pursuant to the terms hereof.
Examples of Tranche B-4 Term Loan Commitment in a sentence
Each Borrowing of Tranche B-2 Term Loans and Tranche B-4 Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Tranche B-2 Term Loan Commitments and Tranche B-4 Term Loan Commitment, as applicable.
More Definitions of Tranche B-4 Term Loan Commitment
Tranche B-4 Term Loan Commitment means, as to each Tranche B-4 Term Loan Lender, its obligation to make Tranche B-4 Term Loans to the Tranche B-4 Term Loan Borrowers (i) pursuant to Section 2.01 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Tranche B-4 Term Loan Lender’s name on Schedule 2.01 under the caption “Tranche B-4 Term Loan Commitment”, (ii) in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, and (iii) pursuant to Section 2.14 in an aggregate principal amount at any one time outstanding not to exceed the amount agreed to by such Tranche B-4 Term Loan Lender in compliance with Section 2.14, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate amount of Tranche B-4 Term Loan Commitments on the Amendment No. 5 Funding Date is $1,475,000,000.
Tranche B-4 Term Loan Commitment means (i) with respect to a Cashless Option Tranche B-1/B-3 Lender, the agreement of such Cashless Option Tranche B-1/B-3 Lender to exchange its Tranche B-1 Term Loans and/or Tranche B-3 Term Loans (in each case, or such lesser amount as determined by the Amendment No. 7 Arrangers), as applicable, for an equal aggregate principal amount of Tranche B-4 Term Loans on the Amendment No. 7 Effective Date, as evidenced by such Existing Tranche B-1/B-3 Term Loan Lender executing and delivering a Consent to Amendment No. 7 and (ii) with respect to an Additional Tranche B-4 Term Loan Lender, such Lender’s Additional Tranche B-4 Term Loan Commitment. The aggregate amount of the Tranche B-4 Term Loan Commitments as of the Amendment No. 7 Effective Date is $2,566,000,000.
Tranche B-4 Term Loan Commitment means, as to each Tranche B-4 Term Loan Lender, its obligation to make Tranche B-4 Term Loans to the Tranche B-4 Term Loan Borrowers (i) pursuant to Section 2.01 in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Tranche B-4 Term Loan Lender’s name on Schedule 2.01 under the caption “Tranche B-4 Term Loan Commitment”, (ii) in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, and(iii) pursuant to Section 2.14 in an aggregate principal amount at any one time outstanding not to exceed the amount agreed to by such Tranche B-4 Term Loan Lender in compliance with Section 2.14 , as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate amount of Tranche B-4 Term Loan Commitments on the Amendment No. 5 Funding Date is$1,475,000,000.
Tranche B-4 Term Loan Commitment the commitments of the Tranche B-4 Term Loan Lenders pursuant to the Third Amendment or, as the case may be, in the Assignment and Assumption 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 amount of the Tranche B-4 Term Loan Commitments as of the Third Amendment Effective Date is $450,000,00.00.