Incremental Term Loan Commitment definition

Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

Incremental Term Loan Commitment shall have the meaning assigned to such term in Section 2.20(a).

Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Term Loans to the Borrower.

Examples of Incremental Term Loan Commitment in a sentence

• The Borrowers shall be required to make, with respect to each new Tranche (i.e., other than Initial Term Loans, which are addressed in the preceding paragraph) of Term Loans to the extent then outstanding, scheduled amortization payments of such Tranche of Term Loans to the extent, and on the dates and in the principal amounts, set forth in the Incremental Term Loan Commitment Agreement, Refinancing Term Loan Amendment or Extension Offer applicable thereto.

• Upon a Lender’s funding of its May 2024 Incremental Term Loan Commitment, the May 2024 Incremental Term Loan Commitment of such Lender shall terminate and be reduced to zero.

• On any Increased Amount Date on which any Incremental Term Loan Commitments are effected, subject to the satisfaction of the foregoing terms and conditions, (i) each Incremental Term Loan Lender shall make a Loan to the applicable Borrowers (an “Incremental Term Loan”) in an amount equal to its Incremental Term Loan Commitment, and (ii) each Incremental Term Loan Lender shall become a Lender hereunder with respect to the Incremental Term Loan Commitment and the Incremental Term Loans made pursuant thereto.

• Subject to the terms and conditions hereof, on the First Amendment Effective Date, each Term Loan Lender severally and not jointly agrees to make a May 2024 Incremental Term Loan in Dollars to the Company in the aggregate principal amount equal to such Xxxxxx’s May 2024 Incremental Term Loan Commitment, in accordance with the terms of Section 2.17.(c) and the First Amendment.

• Such notice shall set forth (x) the amount of the Incremental Term Loan Commitment or Incremental Revolving Loan Commitment being requested, (y) the date (an “Incremental Effective Date”) on which such Incremental Facility is requested to become effective, and (z) if any Incremental Term Loan Commitment, whether the related Incremental Term Loan is to be a SOFR Loan or a Base Rate Loan (and, if a SOFR Loan, the Interest Period therefor).

More Definitions of Incremental Term Loan Commitment

Incremental Term Loan Commitment has the meaning assigned thereto in Section 5.13(a)(i).

Incremental Term Loan Commitment means, for each Lender, any commitment to make Incremental Term Loans (whether by providing an additional Tranche of Term Loans or an increase to an existing Tranche of Term Loans) provided by such Lender pursuant to Section 2.15 on a given Incremental Term Loan Borrowing Date, in such amount as agreed to by such Lender in the Incremental Amendment delivered pursuant to Section 2.15, as the same may be terminated pursuant to Sections 4.02 and/or 11.

Incremental Term Loan Commitment as defined in Section 2.4(a).

Incremental Term Loan Commitment means the Commitment of any Lender to make Incremental Term Loans of a particular Class pursuant to Section 2.14(a).

Incremental Term Loan Commitment means, with respect to each Incremental Term Loan Bank, the amount set forth for such Bank in respect of the Incremental Term Loan Facility in the Register maintained by the Agent pursuant to Section 10.06(f).

Incremental Term Loan Commitment means the commitment of a Lender to make or otherwise fund an Incremental Term Loan and “Incremental Term Loan Commitments” means such commitments of all Lenders in the aggregate.

Incremental Term Loan Commitment means the commitment of any Incremental Lender to make an Incremental Term Loan to the Borrower in accordance with Section 2.14, and “Incremental Term Loan Commitments” shall mean the aggregate of the Incremental Term Loan Commitments of each Incremental Lender.