Tranche B Term Commitments definition

Tranche B Term Commitments means, as to any Tranche B Term Lender, the obligation of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount not to exceed the amount agreed to by the Borrower, the Administrative Agent and such Lender. The original amount of the Tranche B Term Commitments as of the First Amendment Effective Date is $150,000,000.
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Tranche B Term Commitments means the aggregate of such commitments for all Term Lenders, and the aggregate amount of the Tranche B Term Commitments as of the Effective Date is $250,000,000.00.
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Tranche B Term Commitments the collective reference to the Existing Tranche B Term Commitments and the Incremental Tranche B Term Commitments. The aggregate amount of the Tranche B Term Commitments is $163,937,500 as of the Effective Date.
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Examples of Tranche B Term Commitments in a sentence

  • Each notice requesting an increase in the Tranche B Term Commitments pursuant to this Section 2.23 shall constitute a certification to the effect set forth in clauses (i) and (ii) of this Section 2.23(d).

  • Unless previously terminated, (i) the Tranche A Term Commitments shall terminate and be automatically and permanently reduced to $0 upon the funding of the Tranche A Term Loans on the Restatement Effective Date, (ii) the Tranche B Term Commitments shall terminate and be automatically and permanently reduced to $0 upon the funding of the Tranche B Term Loans on the Restatement Effective Date and (iii) the Revolving Commitments shall terminate on the Revolving Maturity Date.

  • The aggregate amount of the New Tranche B Term Commitments of the New Tranche B Term Lenders shall be $1,000,000,000.

  • The Tranche B Term Commitments shall be automatically permanentlyreduced to zero on the date of the Borrowing of Tranche B Term Loans (immediately after the funding of such Borrowing on such date).

  • Except as contemplated by the preceding sentence, the terms of the Refinancing Term Commitments and Refinancing Term Loans shall be substantially the same as the terms of the Tranche B Term Commitments and the Tranche B Term Loans.

  • The Administrative Agent will promptly notify the Lenders of any termination or reduction of unused portions of the Term Commitments, unused portions of the Tranche B Term Commitments, unused portions of the Tranche C Term Loan Commitments, the Letter of Credit Sublimit, or the unused Revolving Credit Commitment under this Section 2.06.

  • The Tranche B Term Commitments shall be automatically permanently reduced to zero on the date of the Borrowing of Tranche B Term Loans (immediately after the funding of such Borrowing on such date).

  • On the Second Amendment Effective Date and in accordance with Section 2.23 of the Credit Agreement, (a) the Tranche B Term Commitments of the Non-Consenting Lenders shall be assigned to the New Lenders, (b) the Non-Consenting Lenders shall cease to be Tranche B Term Lenders under, and for all purposes of, the Credit Agreement and the other Loan Documents and (c) the Tranche B Commitments of the Lenders shall be as set forth on Exhibit A to this Second Amendment.

  • The Tranche B Term Borrowing shall consist of Tranche B Term Loans made simultaneously by the Tranche B Term Lenders in accordance with their respective Tranche B Term Commitments.


More Definitions of Tranche B Term Commitments

Tranche B Term Commitments means, as to each Lender, its obligation to make an Tranche B Term Loans to the Parent Borrower pursuant to Section 2.01(c) in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Tranche B Term Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the Tranche B Term Commitments is $3,690,000,000 (the “Initial Tranche B Term Commitments”).
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Related to Tranche B Term Commitments

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Term Commitments means an Initial Term Commitment or a commitment in respect of any Incremental Term Loans or any combination thereof, as the context may require.

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

  • Tranche B Term Loan as defined in Section 2.1.

  • 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.

  • Initial Term Loan Commitment means, in the case of each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(b) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $820,000,000.

  • Tranche B Term Lender each Lender that has a Tranche B Term Commitment or that holds a Tranche B Term Loan.

  • Tranche B Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TCCI pursuant to Section 2.1(b) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche B Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche A Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche A Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche A Term Loan to be made by such Lender hereunder, as such commitment 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 9.04. The initial amount of each Lender's Tranche A Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Tranche A Commitment, as applicable. The initial aggregate amount of the Lenders' Tranche A Commitments is $50,000,000.

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.