Examples of Additional Term Facility in a sentence
Each Additional Term Facility and each increase in any existing Term Facility shall be established and effected (including the final allocation of Term Commitments thereunder) by a supplement to this Agreement (each a “Credit Agreement Supplement”) executed by the Borrower, the Administrative Agent, each existing Lender which has agreed to increase its Term Commitments or provide an Additional Term Commitment and any Additional Lender.
Note that this is because, now, the transaction tx from A is no longer received before the transaction txj by at least γn − f nodes.
The Borrower may invite the Lenders to participate in any Additional Term Facility or any increase in any existing Term Facility or, subject to the approval of the Administrative Agent (which approval shall not be unreasonably withheld), the Borrower may also invite additional Eligible Assignees to become Term Lenders pursuant to a joinder agreement substantially in the form of Exhibit L hereto (each an “Additional Term Lender”).
Unless provided otherwise in the amendment or supplement to this Agreement executed in connection with an Additional Term Facility, the aggregate Additional Term Facility Commitments of all Additional Term Facility Lenders under such Additional Term Facility shall be automatically and permanently reduced to zero on the Additional Term Facility Effective Date after the Additional Term Facility Borrowing is made on such date.
Within 10 Business Days of receipt of a written request from any Borrower(s) pursuant to Clause 2.4 (Request for an Additional Term Facility), the Issuer and the Borrower Security Trustee shall notify such Borrower(s) as to whether they are satisfied that the requirements of Clause 2.4 (Request for an Additional Term Facility) have been or will be satisfied or waived.