Unused Tranche B Commitment definition
Unused Tranche B Commitment means, with respect to each Tranche B Lender at any time, (a) such Lender’s Tranche B Commitment at such time minus (b) the aggregate principal amount of all Tranche B Advances made by such Lender (in its capacity as a Tranche B Lender) and outstanding at such time.
Unused Tranche B Commitment means, with respect to any Lender at any time, (a) such Lender’s Tranche B Commitment at such time, less (b) the aggregate principal amount of all Tranche B Advances made by such Lender (in its capacity as a Lender) and outstanding at such time.
Unused Tranche B Commitment means, with respect to each Tranche B Lender at any time, (a) such Lender’s Tranche B Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Tranche B Revolving Credit Advances (based in respect of any Tranche B Revolving Credit Advances denominated in a Committed Currency by reference to the Equivalent thereof in Dollars) made by such Lender (in its capacity as a Lender) and outstanding at such time, plus (ii) such Lender’s Ratable Share of the aggregate principal amount of all Tranche B Swing Line Advances (based in respect of any Tranche B Swing Line Advances denominated in Euros by reference to the Equivalent thereof in Dollars) made then outstanding.
Examples of Unused Tranche B Commitment in a sentence
Each Base Rate Borrowing under this Section shall be in an aggregate principal amount of $100,000 or any larger amount (except that any such Borrowing may be in the aggregate amount of the Unused Tranche B Commitment) and shall be made from the several Banks ratably in proportion to their respective Tranche B Commitments.
Provided that each of the conditions precedent set forth in Sections 3.02 and 3.03, as applicable, have been satisfied, each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Tranche B Loans to Borrower from time to time on any Business Day during the period from the date of this Agreement until the Tranche B Commitment Termination Date in an amount for each Lender not to exceed at any time such Lender’s Unused Tranche B Commitment Amount.
More Definitions of Unused Tranche B Commitment
Unused Tranche B Commitment means at any date, with respect to any Bank, an amount equal to its Commitment less the aggregate outstanding principal amount of its Tranche B Loans.
Unused Tranche B Commitment means, with respect to each Tranche B Lender at any time, (a) such Lender’s Tranche B Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Tranche B Revolving Credit Advances made by such Lender (in its capacity as a Lender) and outstanding at such time, plus (ii) such Lender’s Ratable Share of the aggregate principal amount of all Tranche B Swing Line Advances then outstanding.
Unused Tranche B Commitment means, with respect to each Tranche B Lender at any time, (a) such Lender’s Tranche B Revolving Credit Commitment at such time m inus (b) the sum of (i) the aggregate principal amount of all Tranche B Revolving Credit Advances made by such Lender (in its capacity as a Lender) and outstanding at such time, plus (ii) such Lender’s Ratable Share of (A) the aggregate Available Amount of all the Letters of Credit outstanding at such time under the Tranche B Facility, (B) the aggregate principal amount of all Advances made by each Issuing Bank under the Tranche B Facility pursuant to Section 2.03(c) that have not been ratably funded by such Lender and outstanding at such time, after giving effect to any adjustments made in accordance with Section 2.20(a) and (C) the aggregate principal amount of all Tranche B Swing Line Advances then outstanding.
Unused Tranche B Commitment means, with respect to each Tranche B Lender at any time, (a) such Lender’s Tranche B Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Tranche B Revolving Credit Advances (based in
Unused Tranche B Commitment means, with respect to each Tranche B Lender at any time, (a) such Lender’s Tranche B Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Tranche B Revolving Credit Advances made by such Lender (in its capacity as a Lender) and outstanding at such time, plus (ii) such Lender’s Ratable Share of (A) the aggregate Available Amount of all the Letters of Credit outstanding at such time under the Tranche B Facility, (B) the aggregate principal amount of all Advances made by each Issuing Bank under the Tranche B Facility pursuant to Section 2.03(c) that have not been ratably funded by such Lender and outstanding at such time, after giving effect to any adjustments made in accordance with Section 2.20(a) and (C) the aggregate principal amount of all Tranche B Swing Line Advances then outstanding.