Examples of Credit Facility Amendment in a sentence
In consideration of C-III providing the Incremental Term Loan and Colony consenting to the Credit Facility Amendment No. 2, we entered into an Exclusivity Agreement with Colony and C-III pursuant to which Colony and C-III had the exclusive right for a period of thirty days commencing on October 16, 2011, and subject to two consecutive thirty day extensions under certain circumstances, to pursue a strategic transaction with respect to the Company.
On October 16, 2011, we entered into the Credit Facility Amendment No. 2 increasing from $18.0 million to $28.0 million the size of our Credit Facility.
A prospective bidder, requiring any clarification of the bid documents may notify the TERM unit in writing at the TERM unit’s mailing address indicated in the Invitation of bids.
All prepayments made pursuant to this Section 2.11(d) shall be applied solely to the outstanding Initial Term Loans (and any Incremental Term Loans, Extended Term Loans or Other Term Loans to the extent provided for in the applicable Incremental Credit Facility Amendment, Extension Amendment or Refinancing Amendment; provided that the Initial Term Loans receive not less than the pro rata portion of such prepayment unless otherwise agreed).
Pursuant to the Credit Facility Amendment No. 2, C-III agreed to become a lender under the Credit Facility and to provide an Incremental Term Loan under the existing terms and conditions of the Credit Facility, as amended by Credit Facility Amendment No. 2.
In furtherance of the transactions contemplated by the Credit Facility Amendment No. 2, C-III acquired $4.0 million of Colony’s interest in the Credit Facility, and an agreed upon share of the Existing Warrants.
The effectiveness of any Incremental Credit Facility Amendment shall, unless otherwise agreed to by the Additional Lenders, be subject to the satisfaction (or waiver) on the date thereof (each, an “Incremental Facility Closing Date”) of the express conditions in respect of such Incremental Credit Facility Amendment to be mutually agreed upon by the Additional Lenders and the Borrower customary for transactions of the type in respect of which the applicable Incremental Credit Facility relates.
The provisions of this paragraph shall survive closing of the Senior Credit Facility Amendment, the Accordion Increase and any termination of this Commitment Letter.
The Partnership shall use its commercially reasonable efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the other parties in doing, all things necessary, proper or advisable to consummate the Acquisition and other transactions contemplated by the Contribution Agreement, including entering into the Revolving Credit Facility Amendment.
The obligations of the Amendment Lead Arranger to endeavor to arrange the requisite consent to the Existing Credit Facility Amendment shall not require the Amendment Lead Arranger or any of its affiliates to share any of the fees payable to it in connection with the Transactions (or otherwise expend any amounts) in order to achieve such consents.