Common use of Incremental Commitments Clause in Contracts

Incremental Commitments. The Borrower may at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Request”), request (i) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans (collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (ii) (A) one or more increases in the amount of the Revolving Credit Commitments (a “Revolving Commitment Increase”) and/or (B) the establishment of one or more new Revolving Credit Commitments (any such new commitment, a “New Revolving Credit Commitment” and, together with Revolving Commitment Increases, the “Incremental Revolving Loan Commitments” and, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans or (C) unsecured.

Appears in 5 contracts

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

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Incremental Commitments. The Borrower may may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (iA) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans Term Loans (each, an “Incremental Term Facility”, collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (ii) (AB) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) and/or (B) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Credit Commitments (Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitmentcommitments, a “New Revolving Credit Commitment” and, together collectively with any Revolving Commitment Increases, the “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments Facilities shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans or (C) unsecured.

Appears in 4 contracts

Samples: Credit Agreement (Alight Inc. / DE), Credit Agreement (Alight Inc. / DE), Credit Agreement (Alight Inc. / DE)

Incremental Commitments. The Parent Borrower (on its own behalf or on behalf of any Borrower) may at any time or from time to time after the Closing Effective Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (iA) one or more new commitments which may be in of the same Facility Class as any outstanding Term A Loans (a “Term A Loan Increase”) or a new Class of an existing term A loans (collectively with any Term A Loan Increase, the “Incremental Term A Commitments”), (B) one or more new commitments which may be of the same Class as any outstanding Term B Loans (a “Term B Loan Increase” and, together with any Term A Loan Increase, a “Term Loan Increase”) or a new Class of term B loans (collectively with any Term B Loan Increase, the “Incremental Term B Commitments” and, together with any Incremental Term A Commitments, the “Incremental Term Commitments”) under this Agreement ), and/or (ii) (AC) one or more increases in the amount of the Revolving Credit Commitments of any Class (a “Revolving Commitment Increase”) and/or (B) or the establishment of one or more new Revolving Credit Commitments revolving credit commitments (any such new commitmentcommitments, a “New Revolving Credit Commitment” and, together collectively with any Revolving Commitment Increases, the “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans or (C) unsecured.

Appears in 4 contracts

Samples: Credit Agreement (Iqvia Holdings Inc.), Credit Agreement (Iqvia Holdings Inc.), Credit Agreement (Iqvia Holdings Inc.)

Incremental Commitments. The Borrower may may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (iA) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans Term Loans (each, an “Incremental Term Facility”, collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (ii) (AB) one or more increases in the amount of the Revolving Credit Commitments of any Class or any Incremental Revolving Facility (a “Revolving Commitment Increase”) and/or (B) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Credit Commitments (Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitmentcommitments, a “New Revolving Credit Commitment” and, together collectively with any Revolving Commitment Increases, the “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments Facilities shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans or (C) unsecured.

Appears in 3 contracts

Samples: Credit Agreement (Alight, Inc. /DE), Credit Agreement (Alight, Inc. / Delaware), Credit Agreement (Alight Group, Inc.)

Incremental Commitments. The Borrower may may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (iA) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans Term Loans (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (ii) (AB) one or more increases in the amount of the Revolving Credit Commitments (a “Revolving Commitment Increase”) and/or (B) the establishment of one or more new Revolving Credit Commitments (any such new commitment, a “New Revolving Credit Commitment” and, together with Revolving Commitment Increases, the ( “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Any Incremental Commitments Term Facility shall be be, at the Borrower’s election, (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans or (C) unsecured.

Appears in 2 contracts

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

Incremental Commitments. The Borrower may may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (iA) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans Term Loans (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (ii) (AB) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) and/or (B) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Credit Commitments (Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitmentcommitments, a “New Revolving Credit Commitment” and, together collectively with any Revolving Commitment Increases, the “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien lien basis to the Liens securing the Initial Term Loans or (C) unsecuredunsecured or not secured by all or any portion of the Collateral.

Appears in 2 contracts

Samples: Credit Agreement (NRG Energy, Inc.), Credit Agreement (Vivint Smart Home, Inc.)

Incremental Commitments. The Borrower may Borrowers may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent from the Lead Borrower (an “Incremental Loan Request”), request (iA) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans Term Loans (each, an “Incremental Term Facility”, collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (ii) (AB) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) and/or (B) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Credit Commitments (Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitmentcommitments, a “New Revolving Credit Commitment” and, together collectively with any Revolving Commitment Increases, the “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental 134 Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien lien basis to the Liens securing the Initial Term Loans or (C) unsecuredunsecured or not secured by the Collateral. For the avoidance of doubt, Incremental Revolving Credit Commitments and Incremental Revolving Credit Loans shall be secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans.

Appears in 1 contract

Samples: Credit Agreement (Bumble Inc.)

Incremental Commitments. The Borrower may Borrowers may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent from the Lead Borrower (an “Incremental Loan Request”), request (iA) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans Term Loans (each, an “Incremental Term Facility”, collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (ii) (AB) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) and/or (B) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Credit Commitments (Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitmentcommitments, a “New Revolving Credit Commitment” and, together collectively with any Revolving Commitment Increases, the “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving Credit Commitments, collectively 152 with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien lien basis to the Liens securing the Initial Term Loans or (C) unsecuredunsecured or not secured by the Collateral. For the avoidance of doubt, Incremental Revolving Credit Commitments and Incremental Revolving Credit Loans shall be secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans.

Appears in 1 contract

Samples: Credit Agreement (Bumble Inc.)

Incremental Commitments. The Parent Borrower may at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (iA) one or more new commitments which may be in of the same Facility Class as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans (collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or and/or, (ii) (AB) one or more increases in the amount of the Tranche A Revolving Credit Commitments (a “Tranche A Revolving Commitment Increase”), (C) one or more increases in the amount of the Tranche B Revolving Credit Commitments (a “Tranche B Revolving Commitment Increase” and, collectively with any Tranche A Revolving Facility Increase, a “Revolving Commitment Increase”) and/or (BD) the establishment of one or more new Revolving Credit Commitments revolving credit commitments (any such new commitmentcommitments, a “New Revolving Credit Commitment” and, together collectively with any Revolving Commitment Increases, the “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans or (C) unsecured.

Appears in 1 contract

Samples: Credit Agreement (Par Pharmacuetical, Inc.)

Incremental Commitments. The Borrower may at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Request”), request (i) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans (collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (ii) (A) one or more increases in the amount of the Revolving Credit Commitments (a “Revolving Commitment Increase”) and/or (B) the establishment of one or more new Revolving Credit Commitments (any such new commitment, a “New Revolving Credit Commitment” and, together with Revolving Commitment Increases, the “Incremental Revolving Loan Commitments” and, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, the Incremental B-4 Dollar Term Loans, the Incremental B-4 Euro Term Loans and the Incremental B-4 Dollar5 Euro Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans and, the Incremental B-4 Dollar Term Loans, the Incremental B-4 Euro Term Loans and the Incremental B-5 Euro Term Loans or (C) unsecured.

Appears in 1 contract

Samples: Credit Agreement (Avantor, Inc.)

Incremental Commitments. The Borrower may at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Request”), request (i) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans (collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (ii) (A) one or more increases in the amount of the Revolving Credit Commitments (a “Revolving Commitment Increase”) and/or (B) the establishment of one or more new Revolving Credit Commitments (any such new commitment, a “New Revolving Credit Commitment” and, together with Revolving Commitment Increases, the “Incremental Revolving Loan Commitments” and, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans and the Incremental B-4 Dollar Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans and the Incremental B-4 Dollar Term Loans or (C) unsecured.

Appears in 1 contract

Samples: Credit Agreement (Avantor, Inc.)

Incremental Commitments. The Borrower may at any time or from time to time after the Closing Amendment and Restatement Effective Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (iA) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans (collectively with each an “Incremental Term Facility” and any loans thereunder, “Incremental Term Loans”) or pursuant to any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (ii) (A) one or more increases in the amount of the Revolving Credit Commitments (a “Revolving Commitment Increase”) Increase and/or (B) the establishment of one or more new revolving credit commitments (each an “Incremental Revolving Credit Commitments (Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitment, a “New Revolving Credit Commitment” and, together with Revolving Commitment Increasescommitments, the “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans or (C) unsecured.

Appears in 1 contract

Samples: Credit Agreement (Vivint Smart Home, Inc.)

Incremental Commitments. The Borrower may at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Request”), request (i) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans (collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (ii) (A) one or more increases in the amount of the Revolving Credit Commitments (a “Revolving Commitment Increase”) and/or (B) the establishment of one or more new Revolving Credit Commitments (any such new commitment, a “New Revolving Credit Commitment” and, together with Revolving Commitment Increases, the “Incremental Revolving Loan Commitments” and, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, the Incremental B-45 Dollar Term Loans, the Incremental B-4 Euro Term Loans and the Incremental B-5 Euro Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans, the Incremental B-45 Dollar Term Loans, the Incremental B-4 Euro Term Loans and the Incremental B-5 Euro Term Loans or (C) unsecured.

Appears in 1 contract

Samples: Credit Agreement (Avantor, Inc.)

Incremental Commitments. The Borrower may may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (iA) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans Term Loans (each, an “Incremental Term Facility”, collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (ii) (AB) one or more increases in the amount of the Revolving Credit Commitments of any Class or any Incremental Revolving Facility (a “Revolving Commitment Increase”) and/or (B) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Credit Commitments (Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitmentcommitments, a “New Revolving Credit Commitment” and, together collectively with any Revolving Commitment Increases, the “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving 150 Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments Facilities shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans or (C) unsecured.

Appears in 1 contract

Samples: Credit Agreement (Alight, Inc. / Delaware)

Incremental Commitments. The Borrower may Borrowers may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (iA) one or more new commitments which may be in the same Facility as any outstanding Term A Loans or Term B Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans Term Loans (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (ii) (AB) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) and/or (B) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Credit Commitments (Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitmentcommitments, a “New Revolving Credit Commitment” and, together collectively with any Revolving Commitment Increases, the “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments Facilities shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans or (C) unsecured.

Appears in 1 contract

Samples: Credit Agreement (CONDUENT Inc)

Incremental Commitments. The Parent Borrower may at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (iA) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans (collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or and/or, (ii) (AB) one or more increases in the amount of the Tranche A Revolving Credit Commitments (a “Tranche A Revolving Commitment Increase”) or, (C) one or more increases in the amount of the Tranche B Revolving Credit Commitments (a “Tranche B Revolving Commitment Increase” and, collectively with any Tranche A Revolving Commitment Increase, “Revolving Commitment Increases”) and/or (BD) the establishment of one or more new Revolving Credit Commitments revolving credit commitments (any such new commitmentcommitments, a “New Revolving Credit Commitment” and, together collectively with any Revolving Commitment Increases, the “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans or (C) unsecured.

Appears in 1 contract

Samples: Credit Agreement (Change Healthcare Holdings, Inc.)

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Incremental Commitments. The Borrower may at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (iA) one or 55738387_110 more new commitments which may be in of the same Facility Class as any outstanding Term A Loans of an existing Class (a “Term A Loan Increase”) or a new Class of term A loans (collectively with any Term A Loan Increase, the “Incremental Term Commitments") and/or (BA Commitments”), (B) one or more new commitments which may be of the same Class as any outstanding Term B Loans (a “Term B Loan Increase”, and collectively with any Term A Loan Increase, the “Term Loan Increases”) under this Agreement or a new Class of term B loans (collectively with any Term B Loan Increase, the “Incremental Term B Commitments” and collectively with the Incremental Term A Commitments, the “Incremental Term Commitments”), and/or (ii) (AC) one or more increases in the amount of the Revolving Credit Commitments (a “Revolving Commitment Increase”) and/or (B) or the establishment of one or more new Revolving Credit Commitments revolving credit commitments (any such new commitmentcommitments, a “New Revolving Credit Commitment” and, together collectively with any Revolving Commitment Increases, the “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving Credit Commitments,, and collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans or (C) unsecured.

Appears in 1 contract

Samples: Agreement and Security Agreement (Bloomin' Brands, Inc.)

Incremental Commitments. The Borrower may at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (iA) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class of Term Loans (a “Term Loan Increase”) or a new Class of term loans Term Loans (each, an “Incremental Term Facility”, collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (ii) (AB) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) and/or (B) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Credit Commitments (Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitmentcommitments, a “New Revolving Credit Commitment” and, together collectively with any Revolving Commitment Increases, the “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans or (C) unsecured.106

Appears in 1 contract

Samples: Credit Agreement (Travelport Worldwide LTD)

Incremental Commitments. The Borrower may may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (iA) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans Term Loans (each, an “Incremental Term Facility”, collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (ii) (AB) one or more increases in the amount of the Revolving Credit Commitments of any Class or any Incremental Revolving Facility (a “Revolving Commitment Increase”) and/or (B) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Credit Commitments (Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitmentcommitments, a “New Revolving Credit Commitment” and, together collectively with any Revolving Commitment Increases, the “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments Facilities shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans or (C) unsecured.. 151

Appears in 1 contract

Samples: Credit Agreement (Alight, Inc. / Delaware)

Incremental Commitments. The Borrower may at any time or from time to time after the Closing Funding Date, by notice to the Administrative Agent (an “Incremental Request”), request (i) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans (collectively with any Term Loan Increase, the “Incremental Term Commitments”) in each case, under this Agreement and/or Agreement, (ii) one or more new term loans in a separate facility from the Facilities and either unsecured or secured on a junior lien basis to the Facilities (Athe “Other Commitments” and the loans in respect thereof, the “Other Term Loans”), which shall be documented under another credit agreement, (iii) one or more series of first lien secured, junior lien secured or unsecured notes (the “Other Notes”) and/or (iv) one or more increases in the amount of the Revolving Credit Commitments (a “Revolving Commitment Increase”) and/or (B) or the establishment of one or more new Revolving Credit Commitments revolving credit commitments under this Agreement (any such new commitment, a “New Revolving Credit Commitment” and, together collectively with any Revolving Commitment IncreasesIncrease, the “Incremental Revolving Loan Credit Commitments” and, collectively together with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans or (C) unsecured.

Appears in 1 contract

Samples: Credit Agreement (OTG EXP, Inc.)

Incremental Commitments. The Borrower may Borrowers may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent from the Lead Borrower (an “Incremental Loan Request”), request (iA) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans Term Loans (each, an “Incremental Term Facility”, collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (ii) (AB) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) and/or (B) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Credit Commitments (Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitmentcommitments, a “New Revolving Credit Commitment” and, together collectively with any Revolving Commitment Increases, the “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien lien basis to the Liens securing the Initial Term Loans or (C) unsecuredunsecured or not secured by the Collateral. For the avoidance of doubt, Incremental Revolving Credit Commitments and Incremental Revolving Credit Loans shall be secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans.

Appears in 1 contract

Samples: Credit Agreement (Bumble Inc.)

Incremental Commitments. The TheIn all cases subject to the prior consent of the Required Lenders (in their sole and absolute discretion and subject to such documentation as the Required Lenders may require, the Borrower may at any time or from time to time after the Closing Date, by notice to the Required Lenders and the Administrative Agent (an “Incremental Request”), request (i) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans under this Agreement (collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement ), and/or (ii) (A) one or more increases in the amount of the Revolving Credit Commitments (a “Revolving Commitment Increase”) and/or (B) or the establishment of one or more new Revolving Credit Commitments revolving credit commitments under this Agreement (any such new commitmentcommitments, a “New Revolving Credit Commitment” and, together collectively with any Revolving Commitment Increases, the “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The New Incremental Term Loan Commitments shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial considered Incremental Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans or (C) unsecuredCommitments for purposes of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Global Eagle Entertainment Inc.)

Incremental Commitments. The Borrower may may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (iA) one or more new commitments (which may be in the form of delayed draw commitments) in respect of term loans which may be in the same Facility (each, an “Incremental Term Facility”) as any outstanding Term Loans of an existing Class of Term Loans (a “Term Loan Increase”) or a new Class of term loans tTerm lLoans (each, an “Incremental Term Facility” and, collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (ii) (AB) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) and/or (B) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Credit Commitments (Facility” and, collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitmentcommitments, a “New Revolving Credit Commitment” and, together collectively with any Revolving Commitment Increases, the “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving Credit Commitments, collectively with any anythe Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy of such Incremental Loan Request to each of the Lenders. The Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu an equal priority basis (without giving effect to the control of remedies) with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien lien basis to the Liens securing the Initial Term Loans or (C) unsecuredunsecured or not secured by all or any portion of the Collateral.

Appears in 1 contract

Samples: Credit Agreement (Gates Industrial Corp PLC)

Incremental Commitments. The Borrower may may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (iA) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans Term Loans (each, an “Incremental Term Facility”, collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (ii) (AB) one or more increases in the amount of the Revolving Credit Commitments of any Class or any Incremental Revolving Facility (a “Revolving Commitment Increase”) and/or (B) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Credit Commitments (Facility” and collectively with any 156 Incremental Term Facility, an “Incremental Facility” and any such new commitmentcommitments, a “New Revolving Credit Commitment” and, together collectively with any Revolving Commitment Increases, the “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments Facilities shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans or (C) unsecured.

Appears in 1 contract

Samples: Credit Agreement (Alight, Inc. / Delaware)

Incremental Commitments. The Borrower may may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (iA) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of term loans Term Loans (each, an “Incremental Term Facility”, collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (ii) (AB) one or more increases in the amount of 152 the Revolving Credit Commitments of any Class or any Incremental Revolving Facility (a “Revolving Commitment Increase”) and/or (B) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Credit Commitments (Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitmentcommitments, a “New Revolving Credit Commitment” and, together collectively with any Revolving Commitment Increases, the “Incremental Revolving Loan Credit Commitments” andand the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments Facilities shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior Lien basis to the Liens securing the Initial Term Loans or (C) unsecured.

Appears in 1 contract

Samples: Credit Agreement (Alight, Inc. / Delaware)

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