Incremental Facility Term Loans Sample Clauses
Incremental Facility Term Loans. The Borrowers hereby jointly and severally promise to pay to the Administrative Agent for the account of the Incremental Facility Term Lenders of any Series the principal of the Incremental Facility Term Loans of such Series on the respective Principal Payment Dates agreed upon between the Borrowers and such Incremental Facility Term Lenders pursuant to Section 2.01(d) hereof at the time such Lenders become obligated to make such Incremental Facility Term Loans hereunder.
Incremental Facility Term Loans. (a) On the Amendment No. 1 Effective Date, (i) the Administrative Agent shall cause to be transferred to the Borrower from the Tranche ▇ ▇/C Deposit Account of each Tranche ▇ ▇/C Participant an amount equal to such Tranche ▇ ▇/C Participant’s Tranche B Deposit and (ii) the participations of the Tranche ▇ ▇/C Participants in all Tranche B Letters of Credit then outstanding shall automatically terminate. The amount of each such Tranche ▇ ▇/C Deposit Account in excess of such Tranche B Deposit shall be remitted to such Tranche ▇ ▇/C Participant on the date required hereby before giving effect to Amendment No. 1.
(b) The transfer of the proceeds of the Tranche B Deposit of each Tranche ▇ ▇/C Participant to the Borrower pursuant to this Section 4 shall, without the need to comply with any conditions set forth in Section 2.4 of the Credit Agreement, constitute an Incremental Facility Term Loan by such Tranche ▇ ▇/C Participant to the Borrower in the principal amount of the proceeds so transferred, and Amendment No. 1 shall be deemed to constitute an Incremental Facility Agreement for such Incremental Facility Term Loans. Such Incremental Facility Term Loans shall constitute a single Series of Incremental Facility Term Loans, (ii) shall be repayable by the Borrower in a single installment on December 22, 2010, (iii) shall be ABR Loans having an Applicable Margin equal to 3.00% per annum or Eurodollar Loans having an Applicable Margin equal to 4.00% per annum and (iv) shall initially be of the Type or Types and (if applicable) have the Interest Periods selected by the Borrower pursuant to Amendment No. 1.
(c) From and after the Amendment No.1 Effective Date, after giving effect to the terminations of the participations of the Tranche ▇ ▇/C Participants pursuant to this Section 4 (i) there shall be no Tranche ▇ ▇/C Participants and (ii) all holders of the Incremental Facility Term Loans made pursuant to this Section 4 shall be Incremental Facility Term Loan Funding Parties in respect of such Incremental Facility Term Loans.
(d) Notwithstanding anything to the contrary contained herein, the Incremental Facility Term Loans made pursuant to this Section 4 shall not be deemed to constitute Incremental Facility Term Loans for any purpose of Section 2.13 of the Credit Agreement, other than Section 2.13(e) of the Credit Agreement.
(e) The Incremental Facility Term Loans made pursuant to this Section 4 shall be made immediately after giving effect to this Amendment No. 1.
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Incremental Facility Term Loans. Section 2.4 of the Credit Agreement is hereby amended by replacing the amount “$200,000,000” with “$250,000,000”.
Incremental Facility Term Loans. On any Incremental Facility ------------------------------- Effective Date on which Incremental Facility Term Loan Commitments are effected, subject to the satisfaction of the foregoing terms and conditions: each Person holding an Incremental Facility Term Loan Commitment (each, an "Incremental Facility Term Loan Lender") shall make Term Loans to Company in an amount equal to its Incremental Facility Term Loan Commitment each such Loan shall be deemed for all purposes, a Term Loan; and each Incremental Facility Term Loan Lender shall become a Lender hereunder with respect to the Incremental Facility Term Loan Commitments.