Examples of Incremental Loan Lenders in a sentence
The Borrower shall repay to the Administrative Agent for the ratable account of the applicable New Incremental Loan Lenders on the last Business Day of each March, June, September and December, commencing with the last Business Day of June, 2021, an aggregate principal amount equal to 0.25% of the aggregate principal amount of the New Incremental Loans outstanding on the New Incremental Loan Funding Date.
The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders or, if provided herein, with the consent or at the request of the Required Revolving Credit Lenders, the Required Term Loan Lenders or the Required Incremental Loan Lenders, or in the absence of its own gross negligence or willful misconduct.
Within the limits of each Incremental Loan Lender's Incremental Loan Commitment, the Borrowers may borrow and prepay Incremental Loans and reborrow Incremental Loans hereunder.
The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders or, if provided herein, with the consent or at the request of the Required Revolving Credit Lenders, the Required Tranche A Lenders, Required Tranche B Lenders or the Required Incremental Loan Lenders, or in the absence of its own gross negligence or willful misconduct.
The Agent shall have received, for each Incremental ----------------- Loan Lender, an Incremental Note duly executed by the Borrowers in favor of such Lender in a principal amount equal to such Incremental Loan Lender's Incremental Loan Commitment.
Administrative Agent shall promptly notify Borrowers, the Lenders and the Incremental Loan Lenders of the final allocation of such increase and such Incremental Loan Effective Date.
All Incremental Loans shall be incurred from the relevant Incremental Loan Lenders on the relevant Incremental Loan Borrowing Dates pro rata on the basis of the relevant Incremental Loan Commitment at such time.
Notwithstanding the foregoing, the Incremental Loan Commitments shall not be effective with respect to any Incremental Loan Lender unless Borrowers comply with each condition set forth in Section 5.03; provided, however, that the Incremental Loan Lenders may, collectively, waive any such condition in their discretion.
Such Global Note shall be payable to the Administrative Agent for the account of all Series A Incremental Loan Lenders holding Series A Incremental Loans.
The failure of any New Incremental Loan Lender to make any New Incremental Loan required to be made by it shall not relieve any other New Incremental Loan Lender of its obligations hereunder, it being acknowledged that the New Incremental Loan Commitments of the New Incremental Loan Lenders are several and no New Incremental Loan Lender shall be responsible for any other New Incremental Loan Lender’s failure to make New Incremental Loans as required hereby.