Examples of Additional Incremental Term Loan in a sentence
The $145.0 million Additional Incremental Term Loan will become due under the same terms and conditions as set forth in the Agreement.
The Additional Incremental Term Loan increased the interest rate on the term loan component of our Senior Credit Facility from LIBOR plus 2.00% to LIBOR plus 4.25%.
The National Campus and Community Radio Association (NCRA) expressed concern over the duplication of local coverage by the CBC’s radio stations and community and campus radio stations.
Pursuant to the Joinder Agreement and Amendment, the Company obtained an additional $91,250,000 principal amount of term loans (the “Additional Incremental Term Loan”) that were made a part of the tranche of term loans obtained by the Company under the Credit Agreement on July 5, 2016 (together with the Additional Incremental Term Loan, the “2016 Term Loans”).
Seiso is the maintenance of the machine that will assure the machine will be clean and ready to use when needed.
The incurrence of such Additional Incremental Term Loan is permitted as an incremental loan under the Credit Agreement and is subject to the terms of the Credit Agreement and to additional terms set forth in the Joinder Agreement and Amendment.
The proceeds of the Additional Incremental Term Loan were used together with cash on hand to repay in full all outstanding principal amount of, and accrued and unpaid interest on, the incremental term loans incurred by the Company on December 22, 2015 pursuant to the Credit Agreement.
The Additional Incremental Term Loan was fully funded on the Closing Date.
In circumstances where time limits were never a contentious issue in the course of negotiations or the subsequent performance, it would be absurd to suggest that such an alteration constitutes a material modification to the terms of RESPONDENT’S offer.
The request and acceptance by Borrower of the proceeds of any Additional Incremental Term Loan shall be deemed to constitute, as of the date thereof, (i) a representation and warranty by Borrower that the conditions in this Section 2.5 have been satisfied and (ii) a reaffirmation by Borrower of the granting and continuance of Lender’s Liens pursuant to the Collateral Documents.