Common use of Amendment to Loan Documents - Incremental Facilities Clause in Contracts

Amendment to Loan Documents - Incremental Facilities. The Borrower and the Administrative Agent may, without the consent of any other Lender, enter into an amendment to any Loan Document (an “Incremental Facility Amendment”) to appropriately include any credit commitments or extensions contemplated by this Section 3A.1, including to provide that any Incremental Loans shall share in the optional and mandatory prepayments and commitment reductions on the same basis as the then outstanding Loans and for the amortization of any Incremental Term Loans. Each Incremental Lender, if not already a Lender hereunder, shall become a party to this Agreement by completing and delivering to the Administrative Agent a duly executed accession agreement in a form satisfactory to the Administrative Agent and the Borrower (an “Accession Agreement”), together with a processing and recordation fee of $3,500 (unless waived by the Administrative Agent in its sole discretion), and on the Increase Effective Date, Schedule 1.1(B) shall be deemed to have been amended to reflect the Incremental Commitments of such Incremental Lender as provided in such Accession Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Vertex, Inc.), Credit Agreement (Vertex, Inc.)

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Amendment to Loan Documents - Incremental Facilities. The Borrower Borrowers and the Administrative Agent may, without the consent of any other Lender, enter into an amendment to any Loan Document (an “Incremental Facility Amendment”) to appropriately include any credit commitments or extensions contemplated by this Section 3A.13.1, including to DMEAST #35945034 v12 49 provide that any Incremental Loans shall share in the optional and mandatory prepayments and commitment reductions on the same basis as the then outstanding Loans of an applicable Class and for the amortization of any Incremental Term Loans. Each Incremental Lender, if not already a Lender hereunder, shall become a party to this Agreement by completing and delivering to the Administrative Agent a duly executed accession agreement in a form satisfactory to the Administrative Agent and the Borrower Borrowing Agent (an “Accession Agreement”), together with a processing and recordation fee of $3,500 (unless waived by the Administrative Agent in its sole discretion), and on the Increase Effective Date, Schedule 1.1(B) shall be deemed to have been amended to reflect the Incremental Commitments of such Incremental Lender as provided in such Accession Agreement.

Appears in 1 contract

Samples: Credit Agreement (Healthcare Services Group Inc)

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Amendment to Loan Documents - Incremental Facilities. The Borrower Borrowers and the Administrative Agent may, without the consent of any other Lender, enter into an amendment to any Loan Document (an “Incremental Facility Amendment”) to DMFIRM #404836892 v17 56 appropriately include any credit commitments or extensions contemplated by this Section 3A.13.1, including to provide that any Incremental Loans shall share in the optional and mandatory prepayments and commitment reductions on the same basis as the then outstanding Loans of an applicable Class and for the amortization of any Incremental Term Loans. Each Incremental Lender, if not already a Lender hereunder, shall become a party to this Agreement by completing and delivering to the Administrative Agent a duly executed accession agreement in a form satisfactory to the Administrative Agent and the Borrower Borrowing Agent (an “Accession Agreement”), together with a processing and recordation fee of $3,500 (unless waived by the Administrative Agent in its sole discretion), and on the Increase Effective Date, Schedule 1.1(B) shall be deemed to have been amended to reflect the Incremental Commitments of such Incremental Lender as provided in such Accession Agreement.

Appears in 1 contract

Samples: Credit Agreement (Healthcare Services Group Inc)

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