Common use of Term Credit Agreement Clause in Contracts

Term Credit Agreement. The Term Credit Agreement shall have been executed and delivered by Holdings, the Borrower and the other parties thereto and shall have become effective in accordance with its terms and the aggregate amount of (i) term loans funded thereunder on the Closing Date and (ii) unused term loan commitments thereunder on the Closing Date (after giving effect to the funding of the term loans referenced in clause (i)) shall be not more than the sum of $280,000,000 plus any increase in such term loans or term loan commitments to fund any original issue discount or upfront fees payable in respect of the Term Credit Agreement resulting from the exercise of the “market flex” provisions of the Fee Letter.

Appears in 4 contracts

Samples: Credit and Guaranty Agreement (QualTek Services Inc.), Credit and Guaranty Agreement (QualTek Services Inc.), Credit and Guaranty Agreement (QualTek Services Inc.)

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Term Credit Agreement. The Term Credit Agreement shall have been executed and delivered by Holdings, the Borrower and the other parties thereto and shall have become effective in accordance with its terms and the aggregate amount of (i) term loans funded thereunder on the Closing Date and (ii) unused term loan commitments thereunder on the Closing Date (after giving effect to the funding of the term loans referenced in clause (i)) shall be not more than the sum of $280,000,000 plus any increase in such term loans or term loan commitments to fund any original issue discount or upfront fees payable in respect of the Term Credit Agreement resulting from the exercise of the “market flex” provisions of the Fee Letter.. (k)

Appears in 1 contract

Samples: Credit and Guaranty Agreement (QualTek Services Inc.)

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