Common use of Incremental Loan Facilities Clause in Contracts

Incremental Loan Facilities. At any time on or after the Closing Date, the Borrowers 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 or establishing other revolving credit commitments (the “Incremental Revolving Loan Facility”), increasing the amount of the Term Loan A (the “Incremental Term Loan A”), increasing the amount of the Term Loan B (the “Incremental Term Loan B”), or establishing a new term loan or loans as provided herein; provided that, with respect to the establishment of any such Incremental Loan Facility:

Appears in 3 contracts

Samples: Credit Agreement (Armstrong World Industries Inc), Credit Agreement (Armstrong World Industries Inc), Credit Agreement (Armstrong World Industries Inc)

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Incremental Loan Facilities. At any time on or after the Closing Date, the Borrowers 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 or establishing other revolving credit commitments (the “Incremental Revolving Loan Facility”), increasing the amount of the Term Loan A (the “Incremental Term Loan A”), increasing the amount of the Term Loan B (the “Incremental Term Loan B”), or establishing a new term loan or loans as provided herein; provided that, with respect to the establishment of any such Incremental Loan Facility:

Appears in 1 contract

Samples: Credit Agreement (Armstrong World Industries Inc)

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