Tranche B1 Commitment definition

Tranche B1 Commitment means, for each Bank, the amount in Euros set opposite such Bank's name on the signature pages hereof as its Tranche B1 Commitment or, if such Bank has entered into any Assignment and Acceptance after the date hereof, set forth for such Bank as its Tranche B1 Commitment in the Register maintained by the Agent pursuant to Section 10.06(c).
Sample 1
Tranche B1 Commitment means, with respect to the Initial Purchaser and the Tranche B1 Participants, the aggregate amount set forth opposite their names (or the names of their respective assignors) in Schedule 1 to the Original Tranche B1 Participation Agreement.
Sample 1
Tranche B1 Commitment means, in relation to a Tranche B1 Bank, the Tranche B Commitment in respect of such Tranche B1 Bank;
Sample 1

Examples of Tranche B1 Commitment in a sentence

  • Not later than 1:00 p.m., New York City time, on the Tranche B-1 Funding Date, each Tranche B-1 Lender shall make available funds equal to its Tranche B-1 Commitment in immediately available funds to the Administrative Agent at its address specified pursuant to Article 13 of the Credit Agreement.

  • For the avoidance of doubt, the Borrower made one borrowing under the Tranche B-1 Commitments, which was on the Amendment No. 1 Effective Date, and each Lender’s Tranche B-1 Commitment terminated immediately and without further action on the Amendment No. 1 Effective Date after giving effect to the funding of such Lender’s Tranche B-1 Commitment on such date.

  • Following its making of the Tranche B-1 Term Loan on the Closing Date, the Tranche B-1 Commitment of the Fronting Lender shall terminate.

  • The existing text of Section 2.01 of the Credit Agreement is designated to be clause “(a)” thereof, and the following new clause(b) is added to read in full as follows:(b) Each Tranche B-1 Lender severally (and not jointly) agreed, on the terms and subject to the conditions set forth in the First Incremental Agreement, to make an Incremental Term Loan (each, a “Tranche B-1 Loan”) to the Borrower on the Tranche B-1 Funding Date in the amount of such Tranche B-1 Lender’s Tranche B-1 Commitment.

  • Additional Tranche B-1 Commitment: Additional Tranche B-1 Lender $ [NAME] By: Name: Title: Accepted and Acknowledged this day of November, 2011: BANK OF AMERICA, N.A., as Administrative Agent By: Name: Title: Accepted and Acknowledged this day of November, 2011: MONEYGRAM INTERNATIONAL, INC.

  • Subject to the terms and conditions set forth in Section 4.1 hereof and the Orders, the Fronting Xxxxxx agrees to make to the Company on the Closing Date, a loan in a single draw denominated in Dollars in an amount not to exceed the aggregate amount of the Tranche B-1 Commitment listed on Schedule 1.1(a).

  • Following the receipt of a request from the Borrowers pursuant to Clause 2.3 (Transfer of Part of Total A1 Commitments), the Facility Agent shall promptly notify each Bank of such request and the amount by which the Available Tranche A1 Commitment of each Tranche A1 Bank will be reduced and the Available Tranche B1 Commitment will be increased.

  • Xxx Xxxxxxx X-0 Loan and the Tranche B-2 Loan shall together be the "Tranche B Loan", the Tranche B-1 Commitment and the Tranche B-2 Commitment shall together be the "Tranche B Commitment" and the Total Tranche B-1 Commitment and the Total Tranche B-2 Commitment shall together be the "Total Tranche B Commitment".

  • The Company agrees to pay to the Agent for the account of each Bank a commitment fee payable in Euros on the average daily amount by which such Bank's Tranche B1 Commitment exceeds such Bank's outstanding Tranche B1 Advances from the Closing Date until the Maturity Date applicable to such Advances at the rate of .35% per annum.

  • The Borrower's notice to Administrative Agent shall designate the date (which shall be a Business Day) of such termination or reduction 33 and the amount of the reduction, and such termination or reduction of the Tranche B-1 Commitments shall be effective on the date specified in the Borrower's notice and shall reduce the Tranche B-1 Commitment of each Lender proportionately to its Ratable Portion.


More Definitions of Tranche B1 Commitment

Tranche B1 Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B1 Loan hereunder, expressed as an amount representing the maximum principal amount of the Tranche B1 Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.02(e), 2.07 or 2.09(b) and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The initial amount of each Lender's Tranche B1 Commitment is set forth on Schedule I, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Term Commitment, as applicable. The original aggregate principal amount of the Tranche B1 Commitments is U.S. $15,000,000.
Sample 1
Tranche B1 Commitment means, (a) at any date of determination prior to the Commitment Termination Date, the lesser of (x) $140,000,000 or (y) such lesser amount remaining following any reduction of the Tranche B1 Commitment in accordance with Section 2.02 (Voluntary Reductions or Termination of the Maximum Commitment) and (b) on and after the Commitment Termination Date, zero.
Sample 1
Tranche B1 Commitment as to any Lender, the obligation of such Lender to make a Tranche B1 Term Loan to the Company pursuant to subsection 3.1 in an aggregate amount equal to the amount set forth under such Lender's name in Schedule 1.1(a) opposite the heading Tranche B1 Commitment; collectively, as to all such Lenders, the "Tranche B1 Commitments". The Tranche B1 Commitments shall be $477.6 million, and shall be fully drawn on the Amendment No. 2 Effective Date."
Sample 1
Tranche B1 Commitment means, with respect to the Initial Purchaser and the Tranche B1 Participants, the aggregate amount set forth opposite their names in Schedule 1 to the Tranche B1 Participation Agreements.
Sample 1
Tranche B1 Commitment means US$30,000,000, being part of the Tranche B Commitment, to the extent not adjusted, cancelled or utilized in accordance with this Agreement;
Sample 1

Related to Tranche B1 Commitment

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) 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 C 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.

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

  • 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 2.09 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 $100,000,000.

  • Dollar Commitment means, with respect to each Dollar Lender, the commitment of such Dollar Lender to make Syndicated Dollar Loans, and to acquire participations in Dollar Letters of Credit and Dollar Swingline Loans, denominated in Dollars hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Dollar Credit Exposure hereunder, as such commitment may be (a) reduced or increased 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 Dollar Commitment is set forth on Schedule I, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Dollar Commitment, as applicable. The aggregate amount of the Lenders’ Dollar Commitments on the Effective Date is $0.

  • Tranche C Term Loan Commitment means, with respect to each Tranche C Term Loan Lender, the commitment of such Lender to make Tranche C Term Loans under the Tranche C Term Loan Incremental Facility Agreement.

  • Term A Commitment means, as to each Term A Lender, its obligation to make Term A 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 A Lender’s name on Schedule 2.01 under the caption “Term A Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term A Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term Commitment means as to any Lender, the obligation of such Lender, if any, to make a Term Loan Advance to the Borrower in a principal amount not to exceed the amount set forth under the heading “Term Commitment” opposite such Lender’s name on Schedule 1.1.

  • Loan Commitment has the meaning set forth in Section 2.1.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • 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).

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

  • U.S. Commitment means, with respect to each U.S. Revolving Lender, the commitment, if any, of such U.S. Revolving Lender to make U.S. Revolving Loans and to acquire participations in U.S. Letters of Credit, Swingline Loans and U.S. Protective Advances hereunder, expressed as an amount representing the maximum possible aggregate amount of such U.S. Revolving Lender’s U.S. Revolving Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section 2.09 and (b) assignments by or to such U.S. Revolving Lender pursuant to Section 9.04. The initial amount of each U.S. Revolving Lender’s U.S. Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such U.S. Revolving Lender shall have assumed its U.S. Commitment, as applicable. The aggregate initial amount of the U.S. Commitments is $800,000,000.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Term Loan B Commitment means, with respect to each Lender, its Term Loan B Commitment, and, with respect to all Lenders, their Term Loan B Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Revolving Commitment Amount means, as to any Lender, the Revolving Commitment amount (if any) set forth opposite such Lender’s name on Schedule 1.1 hereto (or, in the case of any Lender that became party to this Agreement after the Closing Date pursuant to Section 16.3(c) or (d) hereof, the Revolving Commitment amount (if any) of such Lender as set forth in the applicable Commitment Transfer Supplement).

  • Facility B Commitment means, in relation to a Lender, the principal amount in relation to Facility B described as such set opposite its name in Schedule 2 or set out under the heading “Amount of Facility B Commitment Transferred” in the schedule to any relevant Transfer Certificate, in each case as (i) reduced or cancelled, or (ii) increased, in accordance with this Agreement.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Delayed Draw Commitment as defined in the Second Amended and Restated Credit Agreement.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Term B Loan Commitment means the obligation of the Term B Lenders to make a Term B Loan on the Closing Date in an aggregate principal amount equal to $850,000,000. The Term B Loan Commitment on the Closing Date is $850,000,000.

  • Total Revolving Commitment means, at any time, the sum of the Revolving Commitments at such time.

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).