Common use of Effect of Additional Facility Amendment Clause in Contracts

Effect of Additional Facility Amendment. On each Additional Commitments Effective Date, each Lender or Eligible Assignee which is providing an Additional Commitment (i) shall become a “Lender” for all purposes of this Agreement and the other Loan Documents, (ii) shall have an Additional Commitment which shall become “Commitments” hereunder and (iii) shall make an Additional Loan to the Borrower in a principal amount equal to such Additional Commitment, and such Additional Loan shall be a “Loan” for all purposes of this Agreement and the other Loan Documents (except that the interest rate applicable to any Additional Loan under an Additional Loan Tranche may be higher).

Appears in 4 contracts

Samples: Term B Loan Credit Agreement (Remy International, Inc.), Loan Credit Agreement (Remy International, Inc.), Loan Credit Agreement (Fidelity National Financial, Inc.)

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Effect of Additional Facility Amendment. On each the Additional Commitments Effective Date, each Lender or Eligible Assignee which is providing an Additional Commitment (i) shall become a “Lender” for all purposes of this Agreement and the other Loan Credit Documents, (ii) shall have have, as applicable, an Additional Term Commitment which shall become a CommitmentsCommitment” hereunder and (iii) in the case of an Additional Term Commitment, shall make an Additional Term Loan to the Borrower Company in a principal amount equal to such Additional Term Commitment, and such Additional Term Loan shall be a “Term Loan” for all purposes of this Agreement and the other Loan Documents (except that the interest rate applicable to any Additional Loan under an Additional Loan Tranche may be higher)Credit Documents.

Appears in 1 contract

Samples: Security Agreement (Be Aerospace Inc)

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Effect of Additional Facility Amendment. On each the Additional Commitments Effective Date, each Lender or Eligible Assignee which is providing an Additional Commitment (i) shall become a "Lender" for all purposes of this Agreement and the other Loan Documents, (ii) shall have have, as applicable, an Additional Term Commitment which shall become “Commitments” a "Commitment" hereunder and (iii) in the case of an Additional Term Commitment, shall make an Additional Term Loan to the Borrower Company in a principal amount equal to such Additional Term Commitment, and such Additional Term Loan shall be a "Term Loan" for all purposes of this Agreement and the other Loan Documents (except that the interest rate applicable to any Additional Loan under an Additional Loan Tranche may be higher)Credit Documents.

Appears in 1 contract

Samples: Credit Agreement (Be Aerospace Inc)

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