Fourth Amendment Incremental Term Loans definition

Fourth Amendment Incremental Term Loans has the meaning assigned to the term “2021 Incremental Term Loans” in the Fourth Amendment.

Fourth Amendment Incremental Term Loans the term loans made by the Fourth Amendment Incremental Term Loan Lender to the Borrower pursuant to the Fourth Amendment.

Fourth Amendment Incremental Term Loans from the Persons set forth in Part 1 of Schedule I hereto (the “Initial Fourth Amendment Incremental Term Lenders”; the commitment of each Initial Fourth Amendment Incremental Term Lender to make a Fourth Amendment Incremental Term Loan being referred to as its “Fourth Amendment Incremental Term Commitment”) on the Fourth Amendment Closing Date, which Fourth Amendment Incremental Term Loans will be established as a part of (and as an increase to) the existing Class of Initial Term Loans outstanding immediately prior to the effectiveness of this Agreement (the “Existing Initial Term Loans”), and (ii) each Initial Fourth Amendment Incremental Term Lender is willing to make a Fourth Amendment Incremental Term Loan in the principal amount set forth opposite its name in Part 1 of Schedule I hereto on the terms and subject to the conditions set forth herein;

Examples of Fourth Amendment Incremental Term Loans in a sentence

• It is hereby acknowledged and agreed that, as of the Fourth Amendment Effective Date, all amortization payments required under this Section 2.3 prior to the Tranche B-4 Term Loan Maturity Date have been paid in full, and no quarterly principal payments of Tranche B-4 Term Loans (including, for the avoidance of doubt, Fourth Amendment Incremental Term Loans) pursuant to this Section 2.3 shall be required after the Fourth Amendment Effective Date.

• The proceeds of the Fourth Amendment Incremental Term Loans shall be used by the Borrower on the Fourth Amendment Effective Date to pay certain outstanding Revolving Credit Loans under this Agreement and to pay certain fees and expenses in connection with the foregoing.

• The Administrative Agent (or its counsel) shall have received from the Borrower, a Borrowing Request in respect of the Fourth Amendment Incremental Term Loans in accordance with Sections 2.03 and 2.21(d) of the Credit Agreement not later than 12:00 p.m., New York City time, one (1) Business Day before the Fourth Amendment Closing Date (or such later time as the Administrative Agent may agree).

• No Event of Default shall have occurred and be continuing at the time of, or immediately after giving effect to, the funding of the Fourth Amendment Incremental Term Loans and the establishment of the 2021 Incremental Revolving Facility Commitments on the Fourth Amendment Closing Date.

• Each Lender’s Fourth Amendment Incremental Term Loan Commitment shall terminate immediately and without further action on the Fourth Amendment Effective Date upon funding of the Fourth Amendment Incremental Term Loans.

• Loan Lenders and the Borrower hereby agree that, and select, the same Interest Period with respect to the Fourth Amendment Incremental Term Loans as was applicable to the Tranche B-4 Term Loans immediately prior to the Fourth Amendment Effective Date.

• The Fourth Amendment Incremental Term Loan Commitments and the existing Tranche B-4 Term Loan Commitments shall collectively constitute one and the same “tranche” of Commitments under the Amended Credit Agreement, and the Fourth Amendment Incremental Term Loans and the existing Tranche B-4 Term Loans shall collectively constitute one and the same “tranche” of Term Loans under the Amended Credit Agreement, and the aggregate amount of such Term Loans is $671,625,000.

• Amounts paid or prepaid in respect of the Fourth Amendment Incremental Term Loans may not be reborrowed.

• Amounts repaid in respect of Fourth Amendment Incremental Term Loans may not be reborrowed.

More Definitions of Fourth Amendment Incremental Term Loans

Fourth Amendment Incremental Term Loans has the meaning set forth in Section 2.01(e).