Examples of Additional Term Loans in a sentence
On the Seventh Amendment Funding Date, (x) the Lenders, each Loan Party and the Borrower agree to treat Amendment Number Seven as a “significant modification”, within the meaning of Treasury Regulations Section 1.1001-3(e), of the Initial Term Loans, the Additional Term Loans, the 2023 Term Loans, and the 2024 Term Loans, resulting in, pursuant to Treasury Regulations Section 1.1001-3(b), a taxable exchange under Section 1001 of the Code.
The Administrative Agent shall, promptly after receipt by it of a Loan Request pursuant to Section 3.3 [Borrowing of the Additional Term Loans], notify the applicable Lenders of its receipt of such Loan Request specifying the information provided by the Borrower and the apportionment among the Lenders of the requested Additional Term Loan as determined by the Administrative Agent in accordance with Section 3.2 [Nature of Lenders’ Obligations with Respect to Term Loan; Repayment Terms].
The Prepayment Premium with respect to the Additional Term Loans shall be fully earned on the First Amendment Effective Date and due and payable immediately upon the occurrence of any Prepayment Premium Event.
No Lender shall be obligated in any way whatsoever to increase its Revolving Commitment, to provide a new Revolving Commitment or to make an Additional Term Loan, and any new Lender becoming a party to this Agreement in connection with any such requested increase of the Revolving Commitments or making of Additional Term Loans must be an Eligible Assignee.
On the 2024 Borrowing Date, (x) the Lenders, each Loan Party and the Borrower agree to treat the 2024 Term Loan as an issuance of a new loan in addition to the existing Initial Term Loan, the Additional Term Loans and the 2023 Term Loan and (y) the Lenders and the Borrower agree to the additional terms applicable to this Section 2.12 that are set forth in the side letter between the Borrower and the Lenders, dated as of the 2024 Borrowing Date.