Common use of Incremental Term Loans to the Borrower on the Amendment No Clause in Contracts

Incremental Term Loans to the Borrower on the Amendment No. 1 Effective Date in a principal amount not to exceed its Initial Term Loan Commitment as of the Amendment No. 1 Effective Date and (ii) each Revolving Lender severally, and not jointly, agrees to make Revolving Loans to the Borrower in Dollars at any time and from time to time on and after the Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date and the termination of the Initial Revolving Credit Commitment of such Revolving Lender in accordance with the terms hereof; provided that, after giving effect to any Borrowing of Initial Revolving Loans, the Outstanding Amount of such Revolving Lender’s Initial Revolving Credit Exposure shall not exceed such Revolving Lender’s Initial Revolving Credit Commitment. Subject to the terms and conditions set forth in Amendment No. 2 (x) each Converting Lender (as defined in Amendment No. 2) severally, and not jointly, agrees to exchange its Existing Term Loans (as defined in Amendment No. 2) for a like principal amount of Amendment No. 2 Term Loans on the Amendment No. 2 Effective Date (or such lesser amount allocated to such Lender by the Administrative Agent) and (y) each Amendment No. 2 Term Lender severally, and not jointly, agrees to make Amendment No. 2 Term Loans to the Borrower on the Amendment No. 2 Effective Date in a principal amount not to exceed its Amendment No. 2 Term Loan Commitment as of the Amendment No. 2 Effective Date. Subject to the terms and conditions set forth herein, each Amendment No. 3 Incremental Term Lender severally, and not jointly, agrees to make Amendment No. 3

Appears in 3 contracts

Samples: First Lien Credit Agreement (Isos Acquisition Corp.), First Lien Credit Agreement (Isos Acquisition Corp.), First Lien Credit Agreement (Isos Acquisition Corp.)

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Incremental Term Loans to the Borrower on the Amendment No. 1 Effective Date in a principal amount not to exceed its Initial Term Loan Commitment as of the Amendment No. 1 Effective Date and (ii) each Revolving Lender severally, and not jointly, agrees to make Revolving Loans to the Borrower in Dollars at any time and from time to time on and after the Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date and the termination of the Initial Revolving Credit Commitment of such Revolving Lender in accordance with the terms hereof; provided that, after giving effect to any Borrowing of Initial Revolving Loans, the Outstanding Amount of such Revolving Lender’s Initial Revolving Credit Exposure shall not exceed such Revolving Lender’s Initial Revolving Credit Commitment. Subject to the terms and conditions set forth in Amendment No. 2 (x) each Converting Lender (as defined in Amendment No. 2) severally, and not jointly, agrees to exchange its Existing Term Loans (as defined in Amendment No. 2) for a like principal amount of Amendment No. 2 Term Loans on the Amendment No. 2 Effective Date (or such lesser amount allocated to such Lender by the Administrative Agent) and (y) each Amendment No. 2 Term Lender severally, and not jointly, agrees to make Amendment No. 2 Term Loans to the Borrower on the Amendment No. 2 Effective Date in a principal amount not to exceed its Amendment No. 2 Term Loan Commitment as of the Amendment No. 2 Effective Date. Subject to the terms and conditions set forth herein, each Amendment No. 3 Incremental Term Lender severally, and not jointly, agrees to make Amendment No. 32

Appears in 1 contract

Samples: First Lien Credit Agreement (Isos Acquisition Corp.)

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