Third Incremental Term Loans Clause Samples

Third Incremental Term Loans. (a) Pursuant to Sections 2.14 and 10.01 of the Credit Agreement, with effect from and including the Amendment No. 6 Effective Date, each Person identified on the signature pages hereof as a “Third Incremental Term Lender” (each, a “Third Incremental Term Lender”, and, collectively, the “Third Incremental Term Lenders”) shall become a party to this Amendment and the Amended Credit Agreement with all of the rights and obligations of a “Lender” and an “Incremental Term Lender” under the Amended Credit Agreement and the other Loan Documents, and shall each have an Incremental Commitment in the amount set forth opposite its name on Annex A hereto (each such Incremental Commitment, a “Third Incremental Commitment”). (b) On the Amendment No. 6 Effective Date, each Third Incremental Term Lender severally agrees to make to the Borrower term loans (collectively, the “Third Incremental Term Loans”) in Dollars in an amount equal to its Third Incremental Commitment. The Third Incremental Commitments provided for hereunder shall terminate on the Amendment No. 6 Effective Date immediately upon the borrowing of the Third Incremental Term Loans pursuant to this Section 2.1(b). Any Third Incremental Term Loans repaid or prepaid may not be reborrowed. The amount advanced by any Third Incremental Term Lender upon the making of any Third Incremental Term Loan under this Article II shall be 100% of the stated principal amount thereof net of, in each case, 0.25% of such principal amount as original issue discount. (c) With effect from the Amendment No. 6 Effective Date, each Third Incremental Term Loan made on the Amendment No. 6 Effective Date in accordance with Section 2.1(b) hereof shall constitute, for all purposes of the Amended Credit Agreement, a Term Loan made pursuant to the Amended Credit Agreement and this Amendment; provided that pursuant to this Amendment, each such Third Incremental Term Loan shall constitute an “Incremental Term Loan” for all purposes of the Amended Credit Agreement, each such Third Incremental Commitment shall constitute a commitment in respect of Incremental Term Loans for all purposes of the Amended Credit Agreement, and all provisions of the Amended Credit Agreement applicable to Incremental Term Loans and commitments in respect of Incremental Term Loans shall be applicable to such Third Incremental Term Loans and Third Incremental Commitments, respectively. (d) For the avoidance of doubt, the Third Incremental Term Loans shall comprise a new ...