2019 Incremental Term Loan Sample Clauses
2019 Incremental Term Loan. On the Amendment No. 2 Effective Date, subject to the terms and conditions set forth herein and in the Amended Credit Agreement, each of the 2019 Incremental Term Lenders jointly but not severally agrees to make an Incremental Term Loan to the Borrower in accordance with this Section 2(a) and the applicable provisions of the Amended Credit Agreement by delivering to the Administrative Agent immediately available funds in an amount equal to its 2019 Incremental Term Loan Commitment in effect on such date.
2019 Incremental Term Loan. Subject only to the satisfaction of the conditions set forth in Section 5 below, immediately upon giving effect to the Refinancing set forth in Section 1 above and the Amendments set forth in Section 2 above on the First Amendment Effective Date:
(a) Each 2019 Incremental Term Lender hereby severally agrees to make to the Borrower 2019 Incremental Term Loans on the First Amendment Effective Date in an aggregate amount equal to such 2019 Incremental Term Lender’s 2019 Incremental Term Loan Commitment, which 2019 Incremental Term Loans, together with the 2019 Replacement Term Loans, shall be deemed to constitute a single Class of 2019 New Term Loans and Term Loans under the Amended Credit Agreement. For the avoidance of doubt, after giving effect to the incurrence of the 2019 Incremental Term Loans pursuant to this Section 3(a), the Amendments shall be effected in their entirety in the form of Annex A hereto (giving effect to the incurrence of the 2019 Incremental Term Loans included therein).
(b) On the First Amendment Effective Date, after giving effect to the First Amendment Transactions, (x) the aggregate principal amount of the 2019 New Term Loans will be $748,750,000 and (y) the aggregate principal amount of the Converted Term Loans will be $474,194,075.01.