First Lien Incremental Term Loans definition

First Lien Incremental Term Loans means the “Incremental Term Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

First Lien Incremental Term Loans as contemplated by Section 2.20 of the Existing First Lien Credit Agreement and shall be deemed to be “Term Loans” as defined in the Amended First Lien Credit Agreement for all purposes of the Amended First Lien Credit Agreement and the other First Lien Loan Documents. For the avoidance of doubt, at all times any Delayed Draw Incremental Term Loans provided pursuant to this Incremental Amendment shall be secured by Liens on the same assets and property securing the Revolving Facility, which Liens shall rank pari passu, and shall be guaranteed by the same Persons that guarantee the Revolving Facility. (b) Each Delayed Draw Incremental Lender (i) confirms that a copy of the Existing First Lien Credit Agreement, the Amended First Lien Credit Agreement and the other applicable First Lien Loan Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Incremental Amendment and to make a Delayed Draw Incremental Commitment have been made available to such Delayed Draw Incremental Lender; (ii) agrees that it will (together with any affiliates that it acts through as it deems appropriate), independently and without reliance upon the First Lien Administrative Agent, or any other Lender or agent and based

First Lien Incremental Term Loans means the “First-Lien Incremental Term Loans” made pursuant to (and as defined in) the First Incremental Amendment.

Examples of First Lien Incremental Term Loans in a sentence

• Notwithstanding the foregoing, (i) without the consent of the Required Lenders, the aggregate amount of Incremental Loans obtained after the Closing Date pursuant to this paragraph, together with the aggregate amount of any Increased Revolving Commitments and any First Lien Incremental Term Loans, shall not exceed $25,000,000 and (ii) without the consent of the Administrative Agent, each increase effected pursuant to this paragraph shall be in a minimum amount of at least $5,000,000.

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• Each First Lien Incremental Term Loan shall be in a minimum principal amount of $2,000,000 and integral multiples of $500,000 in excess thereof (unless the Borrower and the First Lien Administrative Agent otherwise agree); provided that such amount may be less than $2,000,000 if such amount represents all the remaining availability of the aggregate principal amount of First Lien Incremental Term Loans set forth above.

• Each Lender party hereto agrees that the Administrative Agent shall be permitted to amend the Intercreditor Agreement, and hereby authorizes such amendment to be made, to increase the Maximum First Lien Amount (as defined thereunder) to include the Additional Term Loans incurred hereunder on the date hereof by adding the following at the end thereof: “, plus (e) the aggregate principal amount of all 2013 First Lien Incremental Term Loans (as defined in the First Lien Credit Agreement)”.

More Definitions of First Lien Incremental Term Loans

First Lien Incremental Term Loans as contemplated by Section 2.20 of the Existing First Lien Credit Agreement and shall be deemed to be “Term Loans” as defined in the Amended First Lien Credit Agreement for all purposes of the Amended First Lien Credit Agreement and the other First Lien Loan Documents. For the avoidance of doubt, at all times the Bridge Loans shall be secured by Liens on the same assets and property securing the Revolving Facility, which Liens shall rank pari passu, and shall be guaranteed by the same Persons that guarantee the Revolving Facility. (b) Each Bridge Lender (i) confirms that a copy of the Existing First Lien Credit Agreement, the Amended First Lien Credit Agreement and the other applicable First Lien Loan Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Incremental Amendment, to make available the Bridge Commitments have been made available to such Bridge Lender; (ii) agrees that it will (together with any affiliates that it acts through as it deems appropriate), independently and without reliance upon the First Lien Administrative Agent, or any other Lender or agent and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Existing First Lien Credit Agreement, the Amended First Lien Credit Agreement or the other applicable First Lien Loan Documents, including this Incremental Amendment; (iii) appoints and authorizes the First Lien Administrative Agent and the First Lien Collateral Agent to take such action as agent on its behalf and to exercise such powers under the Existing First Lien Credit Agreement, the Amended First Lien Credit Agreement and the other First Lien Loan Documents as are delegated to the First Lien Administrative Agent and the First Lien Collateral Agent, as the case may be, by the terms thereof, together with such powers as are reasonably incidental thereto; and (iv) acknowledges and agrees that upon the Amendment Effective Date such Bridge Lender, as the case may be, shall be a “Lender” and an “Additional Term Lender” under, and for all purposes of, the Existing First Lien Credit Agreement, the Amended First Lien Credit Agreement and the other First Lien Loan Documents, and shall be subject to and bound by the terms thereof, and shall perform all the obligations of and...