Common use of Approval of Increase to Senior Debt Clause in Contracts

Approval of Increase to Senior Debt. Lenders (i) consent to Borrowers’ incurring of Debt pursuant to the Senior Loan Agreement, (ii) agree that such Debt shall be treated as a Senior Loan under this Agreement, and (iii) agree that First Bank of America, N.A. shall be treated as the Administrative Agent under the Senior Loan Agreement.

Appears in 2 contracts

Samples: Loan Agreement (I3 Verticals, Inc.), Loan Agreement (I3 Verticals, Inc.)

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Approval of Increase to Senior Debt. Lenders (i) consent to Borrowers' incurring of Debt pursuant to the Senior Loan Agreement, (ii) agree that such Debt shall be treated as a Senior Loan under this Agreement, and (iii) agree that First Bank of America, N.A. shall be treated as the Administrative Agent under the Senior Loan Agreement.

Appears in 2 contracts

Samples: Loan Agreement (I3 Verticals, Inc.), Loan Agreement (I3 Verticals, Inc.)

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