Common use of Incremental Facility Amendments Clause in Contracts

Incremental Facility Amendments. (a) The Term B-3 Lender hereby agrees to provide the commitment for the entire amount of the Term B-3 Loans (the “Term B-3 Commitment”). The Term B-3 Commitment provided pursuant to this Amendment shall be subject to all of the terms and conditions set forth in the Credit Agreement. The Term B-3 Lender, the Administrative Agent, Holdings and the Borrower agree that this Section 3 of the Amendment is necessary and appropriate, in each of their reasonable opinions, to effect the provisions of Section 2.14 of the Credit Agreement and shall constitute an Incremental Amendment pursuant to and in accordance with Section 2.14(c) of the Credit Agreement. Upon the incurrence of the Term B-3 Loans pursuant to this Amendment, such Term B-3 Loans (x) shall be a new and separate Class of Term Loans and (y) shall have the terms and conditions and the rights, remedies, protections, guarantees and collateral security afforded to the Obligations under the Credit Agreement and the other Loan Documents, as provided in the Existing Credit Agreement as of the Incremental Amendment Effective Date (immediately after the occurrence thereof).

Appears in 4 contracts

Samples: Credit Agreement (Cincinnati Bell Inc), Credit Agreement, Credit Agreement

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