Examples of Increasing Term Lender in a sentence
Other Incremental Term Loans shall be established pursuant to an amendment (each, a “Incremental Amendment”) to this Agreement among the Administrative Borrower, the Administrative Agent and each Increasing Term Lender, if any, providing Other Incremental Term Loans thereunder, which shall be consistent with the provisions set forth in Section 2.16(d) (but which shall not require the consent of any other Lender).
On each Increase Date, upon fulfillment of the conditions set forth in the immediately preceding sentence of this Section 2.18(b)(ii), the Agent shall notify the Lenders (including each Assuming Term Lender) and the Borrower, on or before 1:00 P.M. (New York City time), of the occurrence of the Incremental Term Loan Facility to be effected on such Increase Date and shall record in the Register the relevant information with respect to each Increasing Term Lender and each Assuming Term Lender on such date.
Each Increasing Term Lender and each Assuming Term Lender shall, before 2:00 P.M. (New York City time) on the Increase Date, make available for the account of its Applicable Lending Office to the Agent at the Agent’s Account, in same day funds, an amount equal to such Lender’s ratable portion of the Incremental Term Loan Facility.
On or prior to the Master --------------------------- Assignment Date, each Decreasing Term Lender, if any, and each Increasing Term Lender, if any, holding a promissory note evidencing Term Loans shall deliver to the Administrative Agent, for delivery to and cancelation by the US Borrower as provided below, all such notes then held by such Decreasing Term Lender and Increasing Term Lender (collectively, the "Old Term Notes").
Each Decreasing -------------- Term Lender and Increasing Term Lender holding an Old Term Note that fails so to deliver any of its Old Term Notes hereby agrees to indemnify the US Borrower for any loss, cost or expense resulting from such failure.