Examples of Incremental RL Commitment in a sentence
The registration of any provision of Incremental Term Loan Commitments pursuant to Section 2.15 or Incremental RL Commitment pursuant to Section 2.16, as the case may be, shall be recorded by the Administrative Agent on the Register only upon the acceptance of the Administrative Agent of a properly executed and delivered Incremental Commitment Agreement.
The registration of any provision of Incremental Term Loan Commitments pursuant to Section 1.15 or Incremental RL Commitment pursuant to Section 1.16, as the case may be, shall be recorded by the Administrative Agent on the Register only upon the acceptance of the Administrative Agent of a properly executed and delivered Incremental Commitment Agreement.
These consumers had assessed their risk of flood to be ‘low’ and therefore did not want to pay for a risk that they considered remote.
Each Designated Incremental RL Lender (as defined below), each other Lender and each Borrower hereby acknowledges that, as of the First Amendment Effective Date (as defined below), (i) each Designated Incremental RL Lender has provided an Incremental Revolving Loan Commitment as contemplated by Section 1.19 of the Credit Agreement which constitutes a Designated Incremental RL Commitment (as defined below) and (ii) the Total Designated Incremental RL Commitment (as defined below) equals $300,000,000.
Furthermore, each of the parties to this Agreement hereby agrees to the terms and conditions set forth on Annex I hereto in respect of each Incremental RL Commitment provided pursuant to this Agreement.