Incremental Closing Date definition
Examples of Incremental Closing Date in a sentence
The amendment and restatement of the Original Credit Agreement evidenced by this Agreement shall become effective on the Incremental Closing Date pursuant to Section 4.04.
On and after the Incremental Closing Date, each reference in the other Loan Documents to “Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Original Credit Agreement shall mean and be a reference to this Agreement.
This Agreement constitutes an amendment and restatement of the Original Credit Agreement (excluding any Schedules (other than Schedule 2.01 and Schedule 5.13(c)) or Exhibits), effective from and after the Incremental Closing Date and shall not constitute a novation of any Obligations under the Original Credit Agreement all of which shall remain outstanding under this Agreement.
The Incremental Term Loan Commitment shall automatically and permanently be reduced to $0 upon the funding in full of the Incremental Term Loans on the Incremental Closing Date.