Initial Term A Commitment definition

Initial Term A Commitment means, with respect to each applicable Term A Lender, the commitment of such Term A Lender to make a Term A Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Term A Loan to be made by such Term A Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Term A Lender pursuant to an Assignment and Assumption. The initial amount of each Term A Lender’s Initial Term A Commitment is set forth on Schedule 2.01(a) or in the Assignment and Assumption pursuant to which such Term A Lender shall have assumed its Initial Term A Commitment, as the case may be. On the Effective Date, the initial aggregate amount of Initial Term A Commitments with respect to the Initial Term A Loans was $4,400,000,000.
View Source
Initial Term A Commitment means, as to each Term A Lender, its obligation to make an Initial Term A Loan in Dollars to the Borrowers pursuant to Section 2.01(a) in an aggregate amount not to exceed the amount set forth opposite such Term A Lender’s name in Schedule 1.01A under the caption “Initial Term A Commitment” or in the Assignment and Assumption pursuant to which such Term A Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement (including Section 2.14). The initial aggregate amount of the Initial Term A Commitments is $265,000,000.
View Source
Initial Term A Commitment means, with respect to any Lender at any time, the amount set forth for such time opposite such Lender’s name on Schedule I hereto under the caption “Initial Term A Commitment” or, if such Lender has entered into one or more Assignments and Acceptance, set forth for such Lender in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Lender’s “Initial Term A Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.
View Source

Examples of Initial Term A Commitment in a sentence

  • The Initial Term A Commitment of a Bank is equal to the product of such Bank's Term A Commitment reflected above multiplied by 0.70 and the Additional Term A Commitment is equal to the product of such Bank's Term A Commitment reflected above multiplied by 0.30.

  • The aggregate Term A Commitments shall be automatically and permanently reduced to zero on the Initial Term A Commitment Termination Date.

  • Each Initial Term A Loan Lender agrees, subject to the terms and conditions set forth in Section 2.2 of this Amendment, to extend an Initial Term A Loan to the Borrower in the amount of its Initial Term A Commitment.

  • Subject to the terms and conditions expressly set forth herein, each Term Lender severally agrees to make to the English Borrower term A loans consisting of one or more Term Borrowings denominated in U.S. Dollars in an aggregate amount not to exceed at any time outstanding the amount of such Term Lender’s Initial Term A Commitment.


More Definitions of Initial Term A Commitment

Initial Term A Commitment means, as to each Term A Lender, its obligation to make Term A Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Term A Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term A 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 Term A Commitments as of the Closing Date is $425,000,000.
View Source
Initial Term A Commitment as to any Initial Term A Lender, the obligation of such Lender, if any, to make an Initial Term A Loan to the applicable Borrower hereunder on the Closing Date in a principal amount not to exceed the amount set forth under the heading “Initial Term A Commitment” opposite such ▇▇▇▇▇▇’s name on Schedule 1.1A. The aggregate amount of the Initial Term A Commitments of the Initial Term A Lenders as of the Closing Date was $500,000,000.
View Source

Related to Initial Term A Commitment

  • Term A Commitment means, as to each Term A Lender, its obligation to make Term A Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term A Lender’s name on Schedule 2.01 under the caption “Term A Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term A Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.