Tranche Two Commitment means, as to the Lender, the Lender’s commitment to provide the Loans in the aggregate principal amount of up to $20,000,000 pursuant to Section 2.1.1(b).
Tranche Two Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Tranche Two Revolving Loans pursuant to Section 2.01(b) and to acquire participations in Tranche Two Swingline Loans and Tranche Two Letters of Credit hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Tranche Two Revolving Credit Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to Section 2.09 or assignments by or to such Lender pursuant to Section 11.04. The initial amount of each Lender’s Tranche Two Commitment is set forth on Schedule 2.01 or in the Assignment and Assumption or the Accession Agreement pursuant to which such Lender shall have assumed or acquired its Tranche Two Commitment, as the case may be. The aggregate amount of the Tranche Two Commitments on the Restatement Effective Date is US$1,045,000,000.
Tranche Two Commitment means, as to the Lender, the Lender's commitment to provide the Loans in the aggregate principal amount of up to $20,000,000 pursuant to Section 2.1.1(b).
Examples of Tranche Two Commitment in a sentence
On or prior to the Tranche Two Loan Request Date, the Borrower shall have delivered to Agent a Borrowing Request requesting that the entire amount of the Tranche Two Commitment be funded on a date that is no less than five Business Days and no more than ten Business Days from the date of such Borrowing Request (or shall be deemed to have delivered such a Borrowing Request pursuant to Section 2.1.1(b)).
Undrawn Commitment (Tranche Two) in respect of a Lender at any time, the Tranche Two Commitment of that Lender at that time less the Principal Outstanding provided by that Lender under Tranche Two at that time.
After the Maturity Date and at any time an Event of Default is continuing, all accrued interest on the Unused Tranche Two Commitment and the Loans shall be payable in cash on demand.
The Tranche One Loans and the Tranche Two Loans, any accrued but unpaid interest thereon and on the Unused Tranche Two Commitment and any other Obligations then outstanding, shall be due and required to be Paid in Full on the Maturity Date.
The Borrower shall have delivered to each Tranche Two Lender, or the designee of each such Lender, a Tranche Two Note duly executed by the Borrower made payable to the order of such Lender in the amount of such Lender's Tranche Two Commitment, with the Confirmation of Guaranty thereon duly executed by Starwood REIT.
More Definitions of Tranche Two Commitment
Tranche Two Commitment means, as to each Lender, such Lender’s commitment to provide Tranche Two Loans hereunder in the principal amount up to but not to exceed the amount set forth opposite such Lender’s name on the Commitment Schedule, as the same may be (a) reduced from time to time pursuant to Section 2.4 and Section 2.7 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.13. The amount of the Lenders’ Tranche Two Commitments is
Tranche Two Commitment means, as to each Lender, such Lender’s commitment to provide the Tranche Two Loan in the aggregate principal amount not to exceed the amount set forth opposite such Lender’s name on the Commitment Schedule, as the same may be (a) reduced from time to time pursuant to Section 2.1.1(a) and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.13. The aggregate amount of the Lenders’ Tranche Two Commitments is $5,000,000.
Tranche Two Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Tranche Two Revolving Loans pursuant to Section 2.01(b) and to acquire participations in Tranche Two Swingline Loans and Tranche Two Letters of Credit hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Tranche Two Revolving Credit Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to Section 2.09 or assignments by or to such Tranche Two Lender pursuant to Section 11.04. The initial amount of each Lender’s Tranche Two Commitment is set forth on Schedule 2.01 or in the Assignment and Assumption or the Accession Agreement pursuant to which such Lender shall have assumed or acquired its Tranche Two Commitment, as the case may be. The aggregate amount of the Tranche Two Commitments on the Fourth Restatement Effective Date is US$1,045,000,000.
Tranche Two Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make Tranche Two Revolving Loans pursuant to Section 2.01(b) and to acquire participations in Tranche Two Swingline Loans and Tranche Two Letters of Credit hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Tranche Two Revolving Credit Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to Section 2.09 or assignments by or to such Tranche Two Lender pursuant to Section 11.04. The initial amount of each Lender’s Tranche Two Commitment is set forth on Schedule 2.01 to the Amendment Agreement or in the Assignment and Assumption or the Accession Agreement pursuant to which such Lender shall have assumed or acquired its Tranche Two Commitment, as the case may be. The aggregate amount of the Tranche Two Commitments on the Restatement Effective Date is US$195,000,000.
Tranche Two Commitment means (i) with respect to each Tranche Two Lender listed on the Commitment Schedule, the amount set forth opposite such Lender's name on the Commitment Schedule under the heading "Tranche Two Commitment", (ii) with respect to each Substitute Lender which becomes a Tranche Two Lender pursuant to Section 8.06, the amount of the Tranche Two Commitment assumed by it pursuant to Section 8.06 and (iii) with respect to any Assignee which becomes a Tranche Two Lender pursuant to Section 10.06(c), the amount of the transferor Tranche Two Lender's Tranche Two Commitment assigned to it pursuant to Section 10.06(c), in each case as such amount may be changed from time to time pursuant to Section 2.07, 2.08 or 10.06(c); provided that, if the context so requires, the term "TRANCHE TWO COMMITMENT" means the obligation of a Tranche Two Lender to extend credit up to such amount to the Borrowers hereunder.
Tranche Two Commitment means the obligation of a Tranche Two Lender to extend credit up to such amount to the Borrowers hereunder.
Tranche Two Commitment means, with respect to each Tranche Two Lender, the commitment of such Tranche Two Lender to make Tranche Two Revolving Loans pursuant to Section 2.01(b) and to acquire participations in Tranche Two Swingline Loans and Tranche Two Letters of Credit hereunder, expressed as an amount representing the maximum aggregate amount of such Tranche Two Lender’s Tranche Two Revolving Credit Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to Section 2.09 or assignments by or to such Tranche Two Lender pursuant to Section 11.04. The initial amount of each Tranche Two Lender’s Tranche Two Commitment is set forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Tranche Two Lender shall have assumed its Tranche Two Commitment, as the case may be. The aggregate amount of the Tranche Two Commitments on the Closing Date is US$195,000,000.