Common use of Incremental Loan Clause in Contracts

Incremental Loan. (a) Subject to the terms and conditions set forth herein and in the Credit Agreement (as amended by this Amendment), the Incremental Lender agrees to make the Incremental Loan to the Borrower in a single drawing on the First Amendment Effective Date (the commitment of the Incremental Lender to make such Incremental Loan being called its “Incremental Commitment”). Amounts repaid in respect of the Incremental Loan may not be reborrowed.

Appears in 2 contracts

Samples: And Incremental Agreement (Fortune Brands Home & Security, Inc.), And Incremental Agreement

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Incremental Loan. (a) Subject to the terms and conditions set forth herein and in the Credit Agreement (as amended by this Amendment)Agreement, the Incremental Lender agrees to make the Incremental Loan to the Borrower in a single drawing on the First Amendment Effective Date (the commitment of the Incremental Lender to make such Incremental Loan being called its “Incremental Commitment”). Amounts repaid in respect of the Incremental Loan may not be reborrowed.

Appears in 1 contract

Samples: First Amendment and Incremental Agreement (Fortune Brands Home & Security, Inc.)

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Incremental Loan. (a) Subject to the terms and conditions set forth herein and in the Credit Agreement (as amended by this Amendment)Agreement, the Incremental Lender agrees Lenders agree to make the Second Amendment Effective Date Incremental Loan to the Borrower in a single drawing on the First Second Amendment Effective Date (the commitment of the each Incremental Lender to make such Second Amendment Effective Date Incremental Loan being called its “Incremental Commitment”). Amounts repaid in respect of the Second Amendment Effective Date Incremental Loan may not be reborrowed.

Appears in 1 contract

Samples: And Incremental Agreement (Fortune Brands Home & Security, Inc.)

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