Increased Term Loans definition
Examples of Increased Term Loans in a sentence
Amounts paid or prepaid in respect of Increased Term Loans or Additional Term Loans may not be reborrowed.
The Borrower will use the proceeds of the Incremental Term Loans, Increased Term Loans and Revolving Commitment Increases for any purpose not prohibited by this Agreement.
The exchange of Exchanged Term Loans with Refinancing Term Loans and the repayment of Existing Term Loans (other than the Exchanged Term Loans) with the proceeds of the Increased Term Loans and Additional Term Loans contemplated hereby collectively constitute a voluntary prepayment of the Existing Term Loans by the Borrower pursuant to Section 2.11 of the Credit Agreement and shall be subject to the provisions of Section 2.11 of the Credit Agreement.
No Lender shall be obligated to provide any Incremental Term Loans, Increased Term Loans or Revolving Commitment Increases, unless it so agrees.
SECTION 4.7 The Borrower shall have applied, concurrently with the exchange of the Exchanged Term Loans with Refinancing Term Loans and the making of the Increased Term Loans and Additional Term Loans (if any), the Net Proceeds of the Refinancing Term Loans (if any), together with cash on hand, to prepay in full the principal amount of all Existing Term Loans other than Exchanged Term Loans.
Unless the Agent determines that any applicable condition specified in Article III has not been satisfied, the Agent will make the proceeds of the Increased Term Loans available to the Borrowers at the Agent’s main office on the requested date.
On the Second Amendment Effective Date, the Borrower shall apply the aggregate proceeds of the New Term Loans of Exchanging Term Lenders electing the Cash Settlement Option, the Increased Term Loans and the Additional Term Loans (if any) to prepay in full the principal amount of all Existing Term Loans, other than Exchanged Term Loans of Exchange Term Lenders electing the Cashless Rollover Option.
The undersigned Term Lender hereby requests to purchase Increased Term Loans up to an aggregate principal amount no greater than $[ ].
Section 2.9.5 Any Additional Term Loans, Increased Term Loans or Additional Revolving Commitments, as applicable, made or provided pursuant to this Section 2.9 shall be evidenced by one or more entries in the Register maintained by the Administrative Agent in accordance with the provisions set forth in this Agreement.
Further, not later than 11:00 A.M. (Minneapolis time) two Eurodollar Business Days prior to the requested Second Amendment Effective Date if the Increased Term Loans are requested as Eurodollar Rate Advances and not later than 11:00 A.M. (Minneapolis time) one Business Day prior to the Second Amendment Effective Date if the Increased Term Loans are requested as Prime Rate Advances, the Borrowers’ Agent shall deliver to the Agent a written notice of borrowing.