Incremental Loan Facilities Clause Samples

Incremental Loan Facilities. Any time after the Funding Date, the Borrower may, upon written notice to the Administrative Agent, establish additional credit facilities of the Borrower (collectively, the “Incremental Loan Facilities”) by increasing the Aggregate Revolving Commitments hereunder as provided in Section 2.01(g) (the “Incremental Revolving Commitments”), or establishing new term loans hereunder as provided in Section 2.01(h) (the “Incremental Term Loans”); provided that: (i) the aggregate principal amount of loans and commitments for all the Incremental Loan Facilities established after the Funding Date will not exceed $125.0 million; (ii) no Default or Event of Default shall have occurred and be continuing or shall result after giving effect to any such Incremental Loan Facility; (iii) the conditions to the making of a Credit Extension under Section 5.02 shall be satisfied; and (iv) the Borrower shall have delivered a certificate to the Administrative Agent demonstrating that, after giving effect on a Pro Forma Basis to the borrowings to be made pursuant to such Incremental Loan Facility, as of the last day of the most recently ended fiscal quarter at the end of which financial statements were required to have been delivered pursuant to Section 7.01(a) or (b) (or, prior to such first required delivery date for such financial statements, as of the last day of the most recent period referred to in the first sentence of Section 6.05), the Borrower would be in compliance with Section 8.10. In connection with the establishment of any Incremental Loan Facility, (A) neither of the Lead Arrangers hereunder shall have any obligation to arrange for or assist in arranging for any Incremental Loan Facility, (B) any Incremental Loan Facility shall be subject to such conditions, including fee arrangements, as may be provided in connection therewith and (C) none of the Lenders shall have any obligation to provide commitments or loans for any Incremental Loan Facility.

Incremental Loan Facilities. The principal amount of any Incremental Loan Facility established hereunder shall be as provided in the Incremental Loan Facility Joinder Agreement pursuant to which such loan is established.

Incremental Loan Facilities. Any time after the Closing Date, the Borrower may, upon written notice to the Administrative Agent, establish additional revolving credit facilities by increasing the Aggregate Revolving Commitments hereunder as provided in Section 2.01(e) (the “Incremental Revolving Commitments”) or establishing one or more additional revolving credit facility tranches hereunder (including, for the avoidance of doubt, increasing any existing Incremental Revolving Facility) as provided in Section 2.01(e) (the “Incremental Revolving Facilities”; the Incremental Revolving Facilities and the Incremental Revolving Commitments are collectively referred to as the “Incremental Loan Facilities”); provided that: (i) the aggregate principal amount of loans and commitments for all the Incremental Loan Facilities established after the Closing Date will not exceed an amount equal to the sum of (x) (A) an amount equal to (I) the greater of $75.0 million and 100% of Consolidated EBITDA for the most recently ended Measurement Period minus (II) $55.0 million (the “Incremental Base Amount”), minus (B) the aggregate principal amount of Incremental Equivalent Debt incurred pursuant to Section 8.03(y)(i) after the Closing Date, plus (y) the aggregate principal amount of all permanent reductions in the Revolving Commitments pursuant to Section 2.07 and all voluntary prepayments of the 2025 Senior Secured Notes and any Incremental Equivalent Debt that is secured by the Collateral on a pari passu basis with the Obligations, in each case, made prior to the date of such incurrence other than from proceeds of long-term Indebtedness (the “Incremental Prepayment Amount”), minus the aggregate principal amount of Incremental Equivalent Debt incurred or established pursuant to Section 8.03(y)(ii), plus (z) additional amounts of Indebtedness that may be incurred at such time that would not cause the Consolidated First Lien Net Leverage Ratio, on a Pro Forma Basis (for the avoidance of doubt, after giving effect to such Incremental Loan Facilities and the immediately following provisos) as of the last day of the most recently ended Measurement Period, to exceed 5.00:1.00; provided, further, that, in each case, with respect to any Incremental Loan Facility, the maximum amount of loans available to be drawn thereunder is assumed to have been borrowed, but without giving effect to any incurrence under the Incremental Base Amount that is incurred substantially simultaneously with amounts under this clause (z);...

Incremental Loan Facilities. The Borrower may, on written notice to the Administrative Agent, establish additional credit facilities with Lenders or other lenders who shall become Lenders (collectively, the “Incremental Loan Facilities”) by increasing the Aggregate Revolving Committed Amount (the “Incremental Revolving Loan Facility”), increasing the amount of the Term Loan (the “Incremental Term Loan”) or establishing a new term loan or loans (the “Incremental Term Loans”) as provided herein; provided that, with respect to the establishment of any such Incremental Loan Facility:

Incremental Loan Facilities. Any time after the Closing Date, any Borrower or Borrowers may, upon written notice to the Administrative Agent, establish

Incremental Loan Facilities. Any time after the ClosingAmendment No. 2 Effective Date, any Borrower may, upon written notice to the Administrative Agent, establish additional credit facilities (collectively, the “Incremental Loan Facilities”) by increasing the Aggregate Revolving Commitments hereunder as provided in Section 2.01(g) (the “Incremental Revolving Commitments”), or establishing new term loans hereunder as provided in Section 2.01(h) (the “Incremental Term Loans”); provided that:

Incremental Loan Facilities. Any time after the Closing Date, the Borrower may, upon written notice to the Administrative Agent, establish additional credit facilities (collectively, the “Incremental Loan Facilities”) by increasing the Aggregate Revolving Commitments hereunder as provided in Section 2.01(h) (the “Incremental Revolving Loans”), increasing the Tranche A Term Loan hereunder as provided in Section 2.01(i) (the “Incremental Tranche A Term Loan”), increasing the Tranche B Term Loan hereunder as provided in Section 2.01(j) (the “Incremental Tranche B Term Loan”) or establishment of a new Tranche C Term Loan hereunder as provided in Section 2.01(f) and Section 2.01(k), or some combination thereof; provided that:

Incremental Loan Facilities. At any time on or after the Closing Date, the Borrower may, on written notice to the Administrative Agent, establish additional credit facilities with Lenders or other lenders who shall become Lenders (each, an “Incremental Loan Facility”) by increasing the Aggregate Revolving Committed Amount, increasing the amount of the Term A Loans or any then-existing Incremental Term Loan Facility (any such increase to the amount of the Term A Loans or to the amount of any then-existing Incremental Term Loan Facility, an “Incremental Add-on Term Loan Facility”, and any loan thereunder, an “Incremental Add-on Term Loan”), or establishing one or more new tranches of term loans (each such tranche, an “Incremental Term Loan Facility”, and any loan thereunder, an “Incremental Term Loan”); provided that with respect to the establishment of any such Incremental Loan Facility:

Incremental Loan Facilities