Examples of Incremental Revolving Tranche in a sentence
Each Incremental Term Facility shall be in an aggregate principal amount not less than $50,000,000, and each Incremental Revolving Tranche Facility and Incremental Revolving Commitment shall be in an aggregate principal amount not less than $25,000,000.
The Company may from time to time request that Eurocurrency Loans under the Revolving Credit Facility or any Incremental Revolving Tranche Facility be made and/or Letters of Credit and/or Bankers’ Acceptances be issued in a currency other than those specifically listed in the definition of “Alternative Currency”; provided that such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars.
Such Defaulting Lender's right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definitions of “Required Lenders,” “Required Term Lenders,” “Required Term A Lenders,” “Required Revolving Lenders,” “Required Incremental Revolving Tranche Lenders,” “Required Incremental Term Lenders” and subsection 11.1.
In furtherance of the foregoing, in all instances in the Credit Agreement where references appear to “the Incremental Revolving Tranche Facility”, “the Incremental Revolving Tranche Commitments” or “the Incremental Revolving Tranche Loans”, such references shall be deemed to refer to “each applicable Incremental Revolving Tranche Facility”, “the applicable Incremental Revolving Tranche Commitments” and “the applicable Incremental Revolving Tranche Loans,” as appropriate, mutatis mutandis.
Any such reduction shall be in an amount equal to the Minimum Principal Amount and shall reduce permanently the Incremental Revolving Tranche Commitments in respect of the applicable Facility then in effect.
Without limitation of the foregoing, each Incremental Revolving Tranche Borrower shall pay to the Administrative Agent for the account of each Incremental Revolving Tranche Lender, interest on the Incremental Revolving Tranche Loans made by such Incremental Revolving Tranche Lender to such Incremental Revolving Tranche Borrower on each Interest Payment Date at the rates per annum applicable to Eurocurrency Loans (including the Applicable Margin) in accordance with subsection 4.1 of the Credit Agreement.
The Incremental Revolving Tranche Facilities shall rank pari passu in right of payment and of security with the other Facilities existing under the Credit Agreement on the Amendment Effective Date (as defined below).
Within the foregoing limits and subject to the other terms and conditions hereof and under the Credit Agreement, each Incremental Revolving Tranche Borrower may borrow, prepay and reborrow Incremental Revolving Tranche Loans provided under this Amendment.
Without limitation of the foregoing, the Incremental Revolving Tranche Loans shall share in mandatory prepayments pursuant to subsection 4.2(b) of the Credit Agreement on a pro rata basis with Revolving Credit Loans.
All fees accrued until the effective date of any termination of the Incremental Revolving Tranche Commitments in respect of any Facility shall be paid on the effective date of such termination.