Common use of Incremental Amendments Clause in Contracts

Incremental Amendments. Commitments in respect of Incremental Term Loans and Revolving Commitment Increases shall become additional Commitments pursuant to an amendment (an “Incremental Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by the Borrower, each Incremental Lender providing such Commitments, the Administrative Agent and, for purposes of any increase to the L/C Sublimit requested in an Incremental Amendment in connection with a Revolving Commitment Increase, each L/C Issuer. The Incremental Amendment may, without the consent of any other Credit Party, Agent or Lender, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of this Section 1.12, including amendments as deemed necessary by the Administrative Agent in its reasonable judgment to address technical issues relating to funding and payments. The Borrower will use the proceeds of the Incremental Term Loans and a Revolving Commitment Increase for any purpose not prohibited by this Agreement.

Appears in 5 contracts

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

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Incremental Amendments. Commitments in respect of (i) Incremental Term Loans Commitments and Incremental Revolving Commitment Increases shall Commitments may become additional Commitments under this Agreement pursuant to an amendment (an “Incremental Amendment”) to this Agreement and, as appropriate, amendments to the other Loan Documents, executed by the Borrower, each Incremental Lender providing such Commitments, Commitments and the Administrative Agent andAgent, for purposes of any increase to the L/C Sublimit requested in an Incremental Amendment in connection with a Revolving Commitment Increase, each L/C Issueras applicable. The Incremental Amendment may, without the consent of any other Credit Loan Party, Agent or Lender, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of this Section 1.12, including amendments as deemed necessary by the Administrative Agent in its reasonable judgment to address technical issues relating to funding and payments2.14. The Borrower will use the proceeds of the Incremental Term Loans and a Incremental Revolving Commitment Increase Commitments for any purpose not prohibited by this Agreement. No Lender shall be obligated to provide any Incremental Term Loans or Incremental Revolving Commitments unless it so agrees.

Appears in 3 contracts

Samples: Credit Agreement (Vantage Drilling International), Credit Agreement, Credit Agreement

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