Examples of Incremental Term Commitment in a sentence
The Incremental Term Commitment shall be automatically and permanently reduced to $0 upon the making of the Incremental Term Loans pursuant to clause (a) above.
The Borrowers and each Incremental Term Lender shall execute and deliver to the Administrative Agent an Incremental Term Assumption Agreement and such other documentation as the Administrative Agent shall reasonably specify to evidence the Incremental Term Commitment of such Incremental Term Lender.
The aggregate principal amount of the Incremental Term A-4 Lenders’ Incremental Term Commitments with respect to the Incremental Term A-4 Loan is FOUR HUNDRED MILLION DOLLARS ($400,000,000), and the principal amount of each Incremental Term A-4 Lender’s Incremental Term Commitment to the Incremental Term A-4 Facility is set forth on Schedule I hereto (such commitments, the “Incremental Term A-4 Commitments”).
On any Increase Effective Date on which an Incremental Term Facility is effective, subject to the satisfaction of the foregoing terms and conditions, each Lender holding Incremental Term Commitments shall make an Incremental Term Loan to the Borrower in an amount equal to its Incremental Term Commitment.
Subject to the terms and conditions set forth herein, the Incremental Term Lender agrees to make Incremental Term Loans (as defined below) on the Second Incremental Term Loan Effective Date (as defined below) in an aggregate principal amount equal to the Incremental Term Commitment (as defined below).