Examples of Increased Facility Activation Notice in a sentence
The Incremental Term Loans of each Incremental Term Lender shall be repaid in consecutive installments (which shall be no more frequent than quarterly) as specified in the Increased Facility Activation Notice pursuant to which such Incremental Term Loans were made.
The proceeds of any Incremental Term Loans and Letters of Credit shall be used for the general corporate purposes of the Borrower and its Restricted Subsidiaries, including for the financing of Permitted Acquisitions and other Investments not prohibited hereunder, and, in the case of Incremental Term Loans, as otherwise set forth in the applicable Increased Facility Activation Notice.
The effectiveness of any Increased Facility Activation Notice shall be subject to the receipt by the Administrative Agent of such evidence as it shall reasonably request of the due authorization, execution and delivery by the Borrower of such Increased Facility Activation Notice.
The Incremental Revolving Facilities shall be made effective pursuant to an Increased Facility Activation Notice (as defined in the Credit Agreement) (together with the Credit Agreement, the “Incremental Documentation”) and shall provide that the Incremental Revolving Facilities shall be issued under and pursuant to Section 2.24 of the Credit Agreement.
Increased Facility Closing Dates may be selected by the Company after the Closing Date and specified in the applicable Increased Facility Activation Notice.