Examples of Incremental Commitments Amendment in a sentence
An Incremental Commitments Amendment may, without the consent of any other Lenders, effect such amendments to any Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section.
Subject to the terms and conditions set forth herein, each New Term Lender severally agrees to make a single loan to the Borrower on the [First Incremental Commitments Amendment Effective Date]difr [Funding Date]difa in an amount not to exceed such New Term Lender’s Applicable Percentage of the New Term Facility.
For the avoidance of doubt, the provisions of this Section shall not be construed to apply to the prepayments pursuant to Section 2.05(a)(iv) or Section 2.05(b)(iii) (out of proceeds of Specified Refinancing Debt), the implementation of any Incremental Commitments Amendment, the application of Cash Collateral provided for in Section 2.15 or the assignments and participations described in Section 10.07.
Subject to the terms and conditions set forth herein, (i) each Closing Date Term Lender severally agrees to make a single term loan denominated in Dollars to the Borrower on the Closing Date in an amount not to exceed such Closing Date Term Lender’s Closing Date Term Commitment and (ii) each Incremental Term Lender agrees to make a Term Loan to the Borrower as and when set forth in the applicable Incremental Commitments Amendment.
An Incremental Commitments Amendment may, without the consent of any other Lenders, effect such amendments to any Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section, including, so long as such changes are not adverse to the interests of the Lenders (in their capacities as such), amendments to maintain the fungibility of any Incremental Term Loans with any tranche of then-outstanding Term Loans.
Subject to the terms and conditions set forth herein, (i) each Initial Term Lender severally agrees to make a single term loan denominated in Dollars to the Borrower on the Closing Date in an amount not to exceed such Initial Term Lender’s Commitment and (ii) each Incremental Term Lender agrees to make a Term Loan to the Borrower as and when set forth in the applicable Incremental Commitments Amendment.
For the avoidance of doubt, the provisions of this Section shall not be construed to apply to the prepayments pursuant to Section 2.05(a)(iv) or Section 2.05(b)(iii) (out of proceeds of Specified Refinancing Debt), the implementation of any Incremental Commitments Amendment, or the assignments and participations described in Section 10.07.
An Incremental Commitments Amendment may, without the consent of any other Lenders, effect such amendments to this Agreement and any other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section, including, so long as such changes are not adverse to the interests of the Lenders (in their capacities as such), amendments to maintain the fungibility of any Incremental Term Loans with any tranche of then-outstanding Term Loans.
Consider the request to approve a Lenape Regional High School District student eligible for completing graduation requirements in three years as per the back-up material.