Tranche B Loan Commitment means the commitment of a Lender to make or otherwise fund a Tranche B Loan and “Tranche B Loan Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Loan Commitment, if any, is set forth on Schedule 1. The aggregate amount of the Tranche B Loan Commitments as of the Closing Date is $10,000,000.
Tranche B Loan Commitment means, with respect to each Tranche B Lender, the commitment of such Tranche B Lender to make its portion of the Tranche B Loan in a principal amount equal to such Lender’s Commitment Percentage of the Tranche B Loan Committed Amount.
Tranche B Loan Commitment means the option of the Lender to make the Tranche B Loans to the Borrower pursuant to Section 2.01(b) in an aggregate principal amount not to exceed $26,000,000 less any amounts outstanding under the Tranche A Loan and Tranche C Loans.
Examples of Tranche B Loan Commitment in a sentence
Each Lender’s Tranche B Loan Commitment shall terminate immediately and without further action on the earlier of (x) the Tranche B Loan Borrowing Date after giving effect to the funding of such Lender’s Tranche B Loan Commitment on such date and (y) the Tranche B Loan Commitment Termination Date.
The Tranche B Loan Commitment of each Tranche B Lender shall automatically terminate at such time as such Tranche B Lender shall have made available to the Borrower such Tranche B Lender’s share of the Tranche B Loan.
No Lender shall have an obligation to make a Tranche B Loan in excess of such Xxxxxx’s Tranche B Loan Commitment.
No Lender shall have an obligation to make a Tranche B Loan in excess of such Lender’s Tranche B Loan Commitment.
The Tranche B Loan Commitment Termination Date shall not have occurred.
More Definitions of Tranche B Loan Commitment
Tranche B Loan Commitment means the several obligations of the Lenders to advance the sum of $65,705,821, on the Agreement Date, in accordance with their respective Term Commitment Ratios, to the Borrowers pursuant to the terms hereof.
Tranche B Loan Commitment means, when used with reference to any Lender at the time any determination thereof is to be made, the obligation of such Lender to make Tranche B Loans pursuant to Section 2.01(b), or, where the context so requires, the amount of such obligation which is set forth on Schedule I opposite such Lender’s name as its Tranche B Loan Commitment, in each case as the same may be increased or reduced from time to time in accordance with the terms of this Agreement.
Tranche B Loan Commitment means, with respect to each Bank, the amount committed by such Bank pursuant to this Agreement with respect to the Tranche B Loan as set forth on the signature pages hereto, as such amount may be reduced from time to time pursuant to Sections 2.10 and 2.
Tranche B Loan Commitment and "Tranche C Loan Commitment" have the respective meanings specified in Section 2.01.
Tranche B Loan Commitment means an amount equal to Five Million and No/100 Dollars ($5,000,000.00).
Tranche B Loan Commitment means the amount in Dollars set opposite each DIP Creditor’s name under the heading “Tranche B Loan Commitment” in Schedule 1.01(b) or in an Assignment and Acceptance pursuant to which such DIP Creditor became a party hereto, as the same may be changed or reduced from time to time pursuant to the terms hereof.
Tranche B Loan Commitment as to any Lender, its obligation to make loans to the Ireland Borrower pursuant to Section 2.1(b) in an aggregate principal amount not to exceed the amount set forth under the heading “Tranche B Loan Commitment” opposite such Lender’s name on Schedule 1.2 (as may be updated from time to time in connection with any Incremental Facility) or in the Joinder Agreement in connection therewith pursuant to which such Lender became a party hereto, as the same may be increased from time to time in connection with an Incremental Facility or otherwise changed from time to time pursuant to the terms hereof. The Total Tranche B Loan Commitments of all of the Lenders as of the Closing Date is $615,000,000.