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.
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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.
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Examples of Tranche B1 Term Loan Commitment in a sentence

  • 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.

  • 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.

  • 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.

  • Subject to and upon the terms and conditions set forth herein, each Lender with a Tranche B-1 Term Loan Commitment severally agrees to make a term loan in Dollars (each, a “Tranche B-1 Term Loan” and, collectively, the “Tranche B-1 Term Loans”) to the U.S. Borrower on the Amendment No. 3 Effective Date in an amount equal to its Tranche B-1 Term Loan Commitment.

  • The U.S. Borrower may only make one borrowing of each of the New Tranche B-1 Term Loan Commitment and New Tranche B-2 Term Loan Commitment and, once repaid, the New Tranche B-1 Term Loans and New Tranche B-2 Term Loan may not be reborrowed.

  • 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.

  • Xxxxx -------------- Title: Vice President Tranche B-1 Term Loan Commitment By: /s/ Xxxxxxx X.

  • Xxxxxxx Xxxxx Credit Partners L.P. c/o Goldman, Sachs & Co. 00 Xxxxxx Xxxxxx, 17th Floor Jersey City, NJ 07302 Attention: SBD Operations Attention: Xxxxx Xxxxxxx Telecopier; (000) 000-0000 Email: xxx.xxxx@xx.xxx Tranche B-1 Term Loan Commitment – $1,700,000,000 Tranche B-2 Term Loan Commitment – $600,000,000 Schedule 1.1(d)(i) Excluded Subsidiaries DGC Holdings, LLC Ashley River Insurance Company, Inc.

  • Subject to Section 2.06, the Tranche B-1 Term Loans made by each Lender shall be evidenced by a single duly executed promissory note of the Borrower to such Lender in an original principal amount equal to such Lender’s Tranche B-1 Term Loan Commitment Percentage of the Tranche B-1 Term Loan Committed Amount.

  • Upon execution and delivery of this Lender Addendum by the parties hereto as provided in Section 4(b) of the Seventh Amendment, the undersigned hereby (a) agrees to all of the provisions of the Seventh Amendment and consents to the execution by the Administrative Agent of the Seventh Amendment and (b) becomes a Lender under the Credit Agreement having the Tranche B-1 Term Loan Commitment set forth in Schedule 1 hereto, effective as of the Seventh Amendment Effective Date.


More Definitions of Tranche B1 Term Loan Commitment

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.
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Related to Tranche B1 Term Loan Commitment

  • 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 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.

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • 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.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • 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.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • 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(a) as such Lender’s Initial Term Loan Commitment. The aggregate amount of the Initial Term Loan Commitments as of the Closing Date is $795,000,000.

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • 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.

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

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Aggregate Term Loan Commitment means the combined Term Loan Commitments of the Lenders, which shall initially be in the amount of $50,000,000, as such amount may be reduced from time to time pursuant to this Agreement.

  • 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.

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Tranche B Term Loan Lender means a Lender with a Tranche B Term Loan Commitment or an outstanding Tranche B Term Loan.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

  • 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.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

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

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

  • 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.

  • Tranche A Term Loan Lender means a Lender with a Tranche A Term Loan Commitment or an outstanding Tranche A Term Loan.

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

  • 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.