Effective Date Term Commitment definition

Effective Date Term Commitment means, with respect to each Term Lender, the commitment of such Term Lender to make an Initial Term Loan hereunder on the Effective Date. The amount of each Term Lender’s Effective Date Term Commitment is set forth on Schedule 2.01 under the caption “Effective Date Term Commitment”. As of the date hereof, the total Effective Date Term Commitment is $572,500,000.
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Effective Date Term Commitment means, with respect to each Term Lender, the commitment of such Term Lender to make a Term Loan on the Fifth Amendment and Restatement Effective Date in an amount not to exceed the amount set forth under the heading “Effective Date Term Commitment” opposite such Lender’s name on Schedule 2.01. The aggregate amount of the Lenders’ Term Commitments as of the Fifth Amendment and Restatement Effective Date is $270,000,000.
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Effective Date Term Commitment means, as to each Term Lender, its obligation to make a Term Loan pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite such Term Lender’s name on Schedule 2.01 under the caption “Effective Date Term Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The aggregate amount of the Effective Date Term Commitment is $80,000,000.
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Examples of Effective Date Term Commitment in a sentence

  • Each Converting Lender (including the Fronting Banks with respect to Reallocated Term Loans, if any), shall be deemed to have a Restatement Effective Date Term Commitment in an aggregate principal amount equal to the outstanding principal amount of Existing Term Loans or Reallocated Term Loans of such Converting Lender that are exchanged for Restatement Effective Date Term Loans in accordance with this Agreement.

  • Subject to the terms and conditions set forth herein, each Participating Lender hereby acknowledges and agrees that it has a Restatement Effective Date Term Commitment in the amount set forth on Schedule I to this Agreement and agrees to make Restatement Effective Date Term Loans, or exchange Existing Term Loans for Restatement Effective Date Term Loans, on the Restatement Effective Date in accordance with Section 2.01 of the Credit Agreement and this Agreement.

  • The Restatement Effective Date Term Commitment of each Term Lender shall be automatically and permanently reduced to $0 upon the funding of Restatement Effective Date Term Loans to be made by it on the Restatement Effective Date.

  • Subject to the terms and conditions set forth herein, each Term Lender hereby agrees to make (i) a Term Loan to the Borrower on the Effective Date in Dollars in an amount equal to such Term Lender’s Effective Date Term Commitment and (ii) an additional one-time Term Loan (the “Delayed Term Loan”) to the Borrower on or before the Delayed Draw Termination Date (the “Delayed Term Loan Funding Date”), in Dollars in a principal amount equal to such Lender’s Delayed Term Loan Commitment.

Related to Effective Date Term Commitment