Examples of First Lien Incremental Facility in a sentence
Each First Lien Incremental Facility shall be in a minimum principal amount of $5,000,000 and integral multiples of $1,000,000 in excess thereof if such Incremental Facilities are denominated in Dollars (unless the Borrower and the First Lien Administrative Agent otherwise agree); provided that such amount may be less than $5,000,000 and to the extent such amount represents all the remaining availability under the aggregate principal amount of First Lien Incremental Facilities set forth above.
To the extent the proceeds of any First Lien Incremental Facility are intended to be applied to finance an acquisition that is permitted under the First Lien Credit Documentation, the availability thereof shall be subject to customary “SunGard” or “certain funds” conditionality.
The Lenders acknowledge that the First Lien Loans, First Lien Specified Letters of Credit, First Lien Specified Swap Agreements and First Lien Specified Cash Management Agreements and related obligations are secured by the Collateral, subject to the Intercreditor Agreement, and that the First Lien Obligations may be increased from time to time, including pursuant to the First Lien Incremental Facility or by amendment.
It is further agreed that Jefferies shall have “left side” designation and shall appear on the top left of any Information Materials (as defined below) in respect of the First Lien Incremental Facility, with Golub Capital and Ares appearing to its right in that order.
All other financial institutions and any other applicable Lead Arranger or Joint Bookrunner will be listed in customary fashion (as mutually agreed to by you and the applicable Lead Arrangers and/or Joint Bookrunners) on any Information Materials in respect of the First Lien Incremental Facility.
It is agreed that Golub Capital will act as sole lead arranger for the First Lien Incremental Facility (as defined below).
Royal Bank is pleased to advise you of its commitment to provide 60% of the First Lien Incremental Term Loan Facility and DBNY is pleased to advise you of its commitment to provide 40% of the First Lien Incremental Term Loan Facility, in each case, upon the terms described in the First Lien Incremental Facility Term Sheet, and subject solely to the Specified Conditions (defined below).
The proceeds of any First Lien Incremental Facility may be used by the Borrower and its subsidiaries for working capital and other general corporate purposes, including the financing of Permitted Acquisitions (as defined below) and other permitted investments and any other use not prohibited by the First Lien Credit Documentation.
It is agreed that (i) each of Jefferies, Golub Capital and Ares will act as a joint lead arranger for the First Lien Incremental Facility (as defined below), (collectively the “Lead Arrangers,” and each a “Lead Arranger”) and (ii) each of Jefferies, Golub Capital and Ares will act as a joint bookrunner for the First Lien Incremental Facility (collectively with the Lead Arrangers, the “Joint Bookrunners,” and each a “Joint Bookrunner”).
Each First Lien Incremental Facility shall be in a minimum principal amount of $5,000,000 and integral multiples of $1,000,000 in excess thereof if such First Lien Incremental Facilities are denominated in Dollars (unless the Borrower and the First Lien Administrative Agent otherwise agree); provided that such amount may be less than $5,000,000 and to the extent such amount represents all the remaining availability under the aggregate principal amount of First Lien Incremental Facilities set forth above.