Tranche B1 Term Loan Commitment definition

Tranche B1 Term Loan Commitment. With respect to any Tranche B1 Term Lender, the agreement of such Lender to make a Tranche B1 Term Loan to the Borrowers in an amount equal to such Lender’s Tranche B1 Term Loan Commitment Amount upon the terms and subject to the conditions of this Agreement.

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Tranche B1 Term Loan Commitment means, for each Tranche B1 Term Lender, the commitment of such Lender to make a portion of the Tranche B1 Term Loan hereunder; provided that, at any time after funding of the initial Tranche B1 Term Loan, determinations of “Required Lenders” and “Required Tranche B1 Term Lenders” shall be based on the outstanding principal amount of the Tranche B1 Term Loan.

Tranche B1 Term Loan Commitment means each Initial Tranche B1 Term Loan Commitment, each Additional Tranche B1 Term Loan Commitment and each Additional Tranche B1 Euro Term Loan Commitment.

Examples of Tranche B1 Term Loan Commitment in a sentence

Subject to the terms and conditions set forth herein and in Amendment No. 1, each Tranche B-1 Term Loan Lender severally agreed to make term loans (each such loan, a “Tranche B-1 Term Loan”) to the Borrowers on the Amendment No. 1 Funding Date in Dollars in an aggregate amount of up to such Tranche B-1 Term Loan Lender’s Tranche B-1 Term Loan Commitment.
Upon satisfaction or waiver of the conditions precedent specified herein, each Lender with a Tranche B-1 Term Loan Commitment or Tranche B-2 Term Loan Commitment shall make its Tranche B-1 Term Loan or Tranche B-2 Term Loan, as the case may be, available to the Administrative Agent not later than 12:00 p.m. (New York City time) on the Restatement Date, by wire transfer of same day funds in Dollars, at the Principal Office designated by the Administrative Agent.
The U.S. Borrower may make only one borrowing under each of the Tranche B-1 Term Loan Commitment and Tranche B-2 Term Loan Commitment, which shall be on the Restatement Date.
Each Lender’s Tranche B-1 Term Loan Commitment and Tranche B-2 Term Loan Commitment shall terminate immediately and without further action on the Restatement Date after giving effect to the funding of such Tranche B-1 Term Loan Commitment and Tranche B-2 Term Loan Commitment on such date.
Borrower may make only one borrowing under each of the Tranche B-1 Term Loan Commitment and Tranche B-2 Term Loan Commitment which shall be on the Closing Date.
Upon the Amendment No. 1 Effective Date, the undersigned Additional Tranche B-1 Term Loan Lender shall become a Lender under the Credit Agreement and shall have the respective Additional Tranche B-1 Term Loan Commitment set forth next to its name on the Allocation Schedule.
Subject to the terms and conditions set forth herein, each Tranche B-1 Term Lender severally agrees to make a single loan to the Borrower on the Restatement Effective Date in an amount not to exceed such Tranche B-1 Term Lender’s Tranche B-1 Term Loan Commitment.
Each Lender’s New Tranche B-1 Term Loan Commitment and/or New Tranche B-2 Term Loan Commitment, as applicable, shall terminate immediately and without further action on the Amendment Effective Date after giving effect to the funding of such New Tranche B-1 Term Loan Commitment and New Tranche B-2 Term Loan Commitment on such date.
On the Closing Date (after giving effect to the incurrence of Tranche B-1 Term Loans on such date), the Tranche B-1 Term Loan Commitment of each Lender shall terminate.
All such Term Loans (i) may be repaid or prepaid in accordance with the provisions hereof, but once repaid or prepaid, may not be reborrowed, (ii) shall not exceed for any such Lender the Tranche B-1 Term Loan Commitment or the Tranche B-2 Term Loan Commitment, as applicable, of such Lender and (iii) shall not exceed in the aggregate the total of all Tranche B Term Loan Commitments.

More Definitions of Tranche B1 Term Loan Commitment

Tranche B1 Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make one or more Tranche B1 Term Loans hereunder on the Amendment No. 2 Effective Date, expressed as an amount representing the maximum aggregate principal amount of the Tranche B1 Term Loans to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 or 2.10(b) 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 B1 Term Loan Commitment is set forth in the Lender Addendum executed and delivered by such Tranche B1 Term Loan Lender, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Tranche B1 Term Loan Commitment, as applicable. The initial aggregate amount of the Lenders' Tranche B1 Term Loan Commitments is $650,000,000.