Examples of Incremental Loan Commitments in a sentence
The Administrative Agent; provided that Incremental Loan Commitments may be incurred in the Available Currency or an alternative currency pursuant to procedures and on terms to be agreed with the applicable Incremental Arranger.
For the avoidance of doubt, the increase in Commitments effected hereby shall not be deemed a utilization of the incremental commitment mechanism set forth in Section 2.16 of the Credit Agreement and such section shall remain in full force and effect permitting, subject to the terms thereof (as amended hereby), Incremental Loan Commitments aggregating not in excess of $200,000,000 after Effective Date.
Each Lender’s Commitment (other than any Incremental Loan Commitments, which shall terminate as provided in the related Incremental Loan Assumption Agreement) shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Commitment on such date.