Terms of the Incremental Term Loans Sample Clauses

Terms of the Incremental Term Loans. The Incremental Term Loans shall have the following terms:
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Terms of the Incremental Term Loans. The amortization of each Incremental Term Loan shall be consistent on a ratable basis (as described below) with the amortization provided for in Section 2.07 and each Incremental Term Loan shall be pari passu with the existing Loans with respect to payment rights. In the event that the pricing for any Incremental Term Loan (inclusive of upfront fees and original issue discount) is greater than the pricing (inclusive of upfront fees and original issue discount) for the Original Loans, then the Applicable Rate with respect to the Original Loans shall be increased to the extent necessary such that the pricing for the Original Loans is equal to the pricing of such Incremental Term Loan. This Agreement shall be supplemented to give effect to each Incremental Term Loan by documentation executed by the Lender or Lenders providing the commitments with respect to such Incremental Term Loan, the Administrative Agent and the Company (and without any required consent of any other Lender); provided, that no change other than those changes contemplated above or reasonably incidental thereto shall occur as a result of the Company’s request for an Incremental Term Loan (including no change with respect to representations and warranties, covenants and events of default), without the consent of the Company and the Required Lenders. For purposes of this section, “ratable basis” shall mean that the principal payments of the Incremental Term Loan required to be paid on each amortization date shall be consistent with the percentages of the remaining amortization payments of the existing term loan (relative to the then outstanding principal amount of the existing term loan) falling due on such date.
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Terms of the Incremental Term Loans. Pursuant to Section 2.22 of the Credit Agreement, the Incremental Term Loan Commitment shall become a Term Loan Commitments under the Credit Agreement, the Incremental Term Loans shall be effected as an increase to the Term Loans, and the Incremental Term Loans shall become Term Loans under the Credit Agreement, the terms of which shall be as follows:
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Related to Terms of the Incremental Term Loans

  • Incremental Loans Any Incremental Term Loans or Incremental Revolving Commitments effected through the establishment of one or more new term loans or new revolving credit commitments, as applicable, made on an Incremental Facility Closing Date (other than a Loan Increase) shall be designated a separate Class of Incremental Term Loans or Incremental Revolving Commitments, as applicable, for all purposes of this Agreement. On any Incremental Facility Closing Date on which any Incremental Term Commitments of any Class are effected (including through any Term Loan Increase), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) each Incremental Term Lender of such Class shall make a Loan to the Borrower (an “Incremental Term Loan”) in an amount equal to its Incremental Term Commitment of such Class and (ii) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto. On any Incremental Facility Closing Date on which any Incremental Revolving Commitments of any Class are effected through the establishment of one or more new revolving credit commitments (including through any Revolving Commitment Increase), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) each Incremental Revolving Lender of such Class shall make its Commitment available to the Borrower (when borrowed, an “Incremental Revolving Loan” and collectively with any Incremental Term Loan, an “Incremental Loan”) in an amount equal to its Incremental Revolving Commitment of such Class and (ii) each Incremental Revolving Lender of such Class shall become a Lender hereunder with respect to the Incremental Revolving Commitment of such Class and the Incremental Revolving Loans of such Class made pursuant thereto.

  • Initial Term Loans Subject to the terms and conditions hereof, each Lender holding an Initial Term Loan Commitment severally agrees to make, in Dollars, in a single draw on the Closing Date, one or more term loans (each, an “Initial Term Loan”) to the Borrower in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name in Schedule A under the heading “Initial Term Loan Commitment”, as such amount may be adjusted or reduced pursuant to the terms hereof, which Initial Term Loans:

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