Examples of First Amendment Incremental Term Lender in a sentence
Upon receipt of such of such Notice of Borrowing, the Administrative Agent shall promptly notify each First Amendment Incremental Term Lender thereof.
Not later than 2:00 p.m. on the First Amendment Effective Date, each First Amendment Incremental Term Lender shall make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, First Amendment Incremental Term Loans in an amount equal to such First Amendment Incremental Term Lender’s First Amendment Incremental Term Loan Commitment.
This Amendment and the obligations of the First Amendment Incremental Term Lender to make First Amendment Incremental Term Loans shall become effective on the date when the following conditions shall have been satisfied (such date, the “First Amendment Effective Date,” which date is June 6, 2017): 1 2021 Revolving Credit Comimtments expected to be in an amount not less than $200 million in the aggregate.
The First Amendment Incremental Term Commitment of the First Amendment Incremental Term Lender shall terminate upon funding of the First Amendment Incremental Term Loans.
Each First Amendment Incremental Term Lender (i) hereby directs the Administrative Agent to execute this Amendment and (ii) acknowledges and agrees that the Administrative Agent has executed this Amendment in reliance of the direction set forth in preceding clause (i).
The Required Lenders (including the First Amendment Incremental Term Lender) and each 2021 Revolving Credit Lender hereby consent to the amendments to the Credit Agreement pursuant hereto.