Institution of Incremental Term Loan. The Parent Borrower may, at any time, upon written notice to the Administrative Agent as provided above, institute an Incremental Term Loan in Dollars or in one or more Alternative Currencies; provided, that: (A) any such institution of any such Incremental Term Loan shall be in a minimum principal amount of $10,000,000 and in integral multiples of $1,000,000 in excess thereof; (B) subject to the Incremental Funds Certain Provision, if applicable, no Default or Event of Default shall exist and be continuing at the time of any such institution of such Incremental Term Loan; (C) no Lender shall be under any obligation to provide a commitment under such Incremental Term Loan and any such decision whether to provide a commitment under the Incremental Term Loan shall be in such Lender’s sole and absolute discretion; (D) (1) any Additional Lender shall join this Agreement by executing such joinder documents required by the Administrative Agent and/or (2) any existing Lender electing to provide an Incremental Term Loan Commitment shall have executed a joinder document and/or commitment agreement satisfactory to the Administrative Agent; 45 CHAR1\1732710v2
Appears in 1 contract
Samples: Second Amendment to Third Amended and Restated Credit Agreement (Knoll Inc)
