Additional Term A Lender definition
Examples of Additional Term A Lender in a sentence
This Amendment shall become effective as of the date hereof only upon the receipt by the Administrative Agent (or its counsel) of a counterpart signature page of this Amendment duly executed by the Company, the Administrative Agent, the Required Lenders, each Additional Term A Lender and each Additional Revolving Lender (the date of such receipt being referred to herein as the (the “Amendment Effective Date”).
Subject to the terms and conditions set forth herein, each Additional Term A Lender agrees (i) that it shall be considered a Lender for all purposes under the Loan Documents and agrees to be bound by the terms thereof and (ii) to make Additional Term A Loans to the U.S. Borrower in an aggregate amount not to exceed the amount set forth opposite such Additional Term A Lender’s name in Schedule I.
Each 2016 Additional Term A Lender shall have received an upfront fee equal to 0.25% of the 2016 Additional Term A Loans funded by such 2016 Additional Term A Lender.
Notwithstanding any other provisions of this Amendment to the contrary, the Administrative Agent may appoint a fronting lender to act as the sole Additional Term A Lender for purposes of facilitating funding on the Term A Repricing Effective Date.
The “New Term A Loan Commitment” of any Additional Term A Lender will be such amount (not exceeding any commitment offered by such Additional Term A Lender) allocated to it by the Arranger and notified to it and the Administrative Agent on or prior to the Term A Repricing Effective Date.
Each Additional Term A Lender shall have received an upfront fee equal to 0.25% of the Additional Term A Loans funded by such Additional Term A Lender.
The Agent shall have received executed signature pages hereto from each Additional Term A Lender, the U.S. Borrower and each Credit Party.
During the Delayed Draw Availability Period, each Additional Term A Lender made one or more advances (each, an “Additional Term A Advance”) to the Borrower in an aggregate amount not exceeding such Lender’s Additional Term A Commitment.
Subject to the terms and conditions hereof, each Additional Term A Lender severally agrees to make Additional Term A Loans to the Borrowers on the First Amendment Effective Date in an aggregate original principal amount equal to its Additional Term A Commitment in effect on and as of the First Amendment Effective Date.
Accordingly, any signature page hereto submitted by or on behalf of an Additional Term A Lender other than such fronting lender will be deemed ineffective unless accepted by the Administrative Agent in its sole discretion.