Incremental Institutional Term Loan definition
Incremental Institutional Term Loan means an Incremental Term Loan in the form of a term “B” facility, as such term is understood in the leveraged finance market and which is marketed primarily to institutional investors, and increase in any such Incremental Term Loan.
Examples of Incremental Institutional Term Loan in a sentence
In connection with the Diversified Acquisition and the other transactions contemplated in the preceding paragraph, the Borrower has requested an Incremental Institutional Term Loan in the aggregate principal amount of $85,000,000 (the “April 2017 Incremental Increase”) in accordance with the terms and conditions of Section 2.14 of the Credit Agreement.