Examples of Incremental Term A-1 Lender in a sentence
The Administrative Agent shall have received a Consent substantially in the form of Exhibit A to this Amendment, duly executed by (i) each Existing Incremental Term B-1 Lender (excluding any Assigning Lender (as defined below)), (ii) each Incremental Term A-1 Lender and (iii) each Revolving Lender, in each case, by the Consent Deadline.
Subject to paragraph 1(c) below, each Incremental Term A-1 Lender party to this Incremental Amendment (Term A-1 Loan) hereby severally agrees to provide the new Term A-1 Commitment set forth opposite its name on the Incremental Term A-1 Facility Schedule and notified to it by the Administrative Agent (for each such Incremental Term A-1 Lender, its “Incremental Term A-1 Facility Commitment”), with each such Incremental Term A-1 Facility Commitment to be effective as of the Incremental Effective Date.
Not later than 1:00 p.m. on the Third Amendment Effective Date, each Incremental Term A-1 Lender will make available to the Administrative Agent for the account of the Borrower, at the Funding Office in immediately available funds, the amount of such Incremental Term A-1 Loan to be made by such Incremental Term A-1 Lender on the Third Amendment Effective Date.
The Incremental Term A-1 Loan shall be made as an ABR Loan unless the Borrower shall have given the Administrative Agent (who shall promptly notify each Incremental Term A-1 Lender) an irrevocable Notice of Borrowing not later than 12:00 Noon at least three U.S. Government Securities Business Days prior to the Third Amendment Effective Date requesting that such Incremental Term A-1 Loan be made as a SOFR Loan.
The parties hereby agree that on the Funding Date (as defined below), and notwithstanding anything to the contrary contained in the Credit Agreement, (1) the Term A-1 Facility shall increase by the Incremental Term A-1 Facility effected hereby, (2) each Incremental Term A-1 Lender shall become a Term A-1 Lender and (3) there shall be an automatic adjustment to the Applicable Percentage in respect of the Term A-1 Facility of each Term A-1 Lender resulting from the Incremental Term A-1 Facility.
The Incremental Term A-1 Loan Commitment of each Incremental Term A-1 Lender and the Applicable Percentage of the portion of the Incremental Term A-1 Loan for each Incremental Term A-1 Lender shall be as set forth on Schedule 2.01 attached hereto.