Tranche B Loan Commitment definition

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 several obligations of the Lenders to advance the sum of $40,000,000 on the Agreement Date, in accordance with their respective Term Commitment Ratios, to the Borrower pursuant to the terms hereof.

Examples of Tranche B Loan Commitment in a sentence

• All other inputs needed to run ALEXI are identical for both implementations.

• No Lender shall have an obligation to make a Tranche B Loan in excess of such Xxxxxx’s Tranche B Loan Commitment.

• The Tranche B Loan Commitment Termination Date shall not have occurred.

• No Lender shall have an obligation to make a Tranche B Loan in excess of such Lender’s Tranche B Loan Commitment.

• Notwithstanding any term or provision of this Agreement which may be construed to the contrary, each Eurodollar Advance shall be in a principal amount of no less than $500,000 and in an integral multiple of $100,000 in excess thereof, and at no time shall the aggregate number of all Eurodollar Advances then outstanding exceed one (1) under each of the Revolving Loan Commitment, the Tranche A Loan Commitment and the Tranche B Loan Commitment.

More Definitions of Tranche B Loan Commitment

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 2.11.

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 means an amount equal to Five Million and No/100 Dollars ($5,000,000.00).

Tranche B Loan Commitment and "Tranche C Loan Commitment" have the respective meanings specified in Section 2.01.

Tranche B Loan Commitment means, with respect to each Lender at any time, the amount set forth next to such Lender’s name on Appendix A hereto under the heading “Tranche B Loan Commitment”, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Tranche B Loan Commitment, as applicable, as such amount may be reduced from time to time pursuant to Section 2.03 or adjusted pursuant to Section 11.06, the sum of which shall be an amount equal to the Aggregate Tranche B Loan Commitment.

Tranche B Loan Commitment means for each Tranche B Lender, the aggregate principal amount of Tranche B Loans which such Tranche B Lender is committed to disburse to the Borrower, as such commitment may be reduced from time to time pursuant to Section 2.08 of the Common Security Agreement. The Tranche B Loan Commitments of the Tranche B Lenders as of the date hereof are set forth in Appendix B-1 to the Common Security Agreement.

Tranche B Loan Commitment the commitment 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 $25,000,000.