Term B Loan Commitment definition

Term B Loan Commitment means, as to any Lender, the obligation of such Lender to make its Term B Loan on the Closing Date in the principal amount not to exceed the amount set forth opposite such Lender’s name on Schedule 1 attached hereto and made a part hereof. The Borrower and the Lenders acknowledge and agree that the Term B Loan Commitments of the Lenders aggregate $50,000,000 on the Closing Date.

Term B Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Term B Loans as set forth in Section 2.01(a). The initial amount of each Lender’s Term B Loan Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Term B Loan Commitment, as applicable. The aggregate amount of the Term B Loan Commitments on the Closing Date is $450,000,000.

Term B Loan Commitment means, with respect to each Lender, the commitment of such Lender to make Term B Loans hereunder. The amount of each Lender’s Term B Loan Commitment as of the Closing Date is set forth on Schedule 2.01. The aggregate amount of the Term B Loan Commitments as of the Closing Date is $2,500.0 million.

Examples of Term B Loan Commitment in a sentence

• Borrower shall execute and deliver to each Lender a Term A Note, dated the Closing Date, in the principal amount of such Xxxxxx’s Pro Rata Share of the Term A Loan Commitment, a Term B Note, dated the Closing Date, in the principal amount of such Lender’s Pro Rata Share of the Term B Loan Commitment, and a Revolving Note, dated the Closing Date, in the principal amount of such Xxxxxx’s Pro Rata Share of the Revolving Loan Commitment.

• Each Lender, severally and not jointly, agrees to lend to Xxxxxxxx, on the Closing Date, its Pro Rata Share of the Term B Loan Commitment, provided all conditions precedent set forth in Subsections 7.1 and 7.2 are satisfied or waived.

• In addition, as used in this Agreement, the following terms have the meanings specified: “2016 Refinancing Term B Lender” shall mean a Person with a 2016 Refinancing Term B Loan Commitment on the Effective Date.

• The amount of each Lender’s 2016 Refinancing Term B Loan Commitment as of the Effective Date is set forth on Schedule 1 hereto.

• The Successor Administrative Agent has notified each Converting Lender and each Initial Term B Facility Lender of its allocated Initial Scheduled Term B Loan Commitment, and each of the Fronting Term B Lender and the Converting Lenders has provided its consent to the terms set forth in this agreement to each of the Original Administrative Agent and the Successor Administrative Agent.

More Definitions of Term B Loan Commitment

Term B Loan Commitment means, relative to any Lender, such Lender's obligation (if any) to make Term B Loans pursuant to Section 2.1.4.

Term B Loan Commitment means, for each Lender, as of any date, the obligation of such Lender to make Term B Loans not exceeding the applicable amount of its “Term B Loan Commitment”, set forth on Schedule 1, as such amount may be modified from time to time pursuant to the terms hereof.

Term B Loan Commitment is defined in clause (b) of Section 2.1.1.

Term B Loan Commitment means, with respect to each Term B Lender , the commitment of such Term B Lender to make Term B Loans on the Restatement Effective Date in the amount set forth opposite the name of such Term B Lender on Schedule 2.01. The aggregate original amount of the Term B Loan Commitments is $600,000,000 minus the aggregate principal amount of Converted Existing Term B Loans.

Term B Loan Commitment means, with respect to each Term B Lender, the commitment of such Term B Lender to make Term B Loans hereunder as of the 2017 Refinancing Effective Date. The aggregate amount of the Term B Loan Commitments as of the 2017 Refinancing Effective Date is $800,000,000.

Term B Loan Commitment means, with respect to each Lender, collectively, (a) the Initial Term B Loan Commitment of such Lender and (b) the DDTL Commitment of such Lender.

Term B Loan Commitment means with respect to each Lender, the commitment of such Lender to make Term B Loans as set forth in Section 2.01(i) or Incremental Term Loans in the form of Term B Loans as set forth in Section 2.01(ii). The initial amount of each Lender’s Term B Loan Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Term B Loan Commitment (or its Incremental Term Loan Commitment), as applicable. The aggregate amount of the Term B Loan Commitments on the Closing Date is $225,000,000.