Examples of Incremental Term A-1 Loan in a sentence
Subject to the terms and conditions set forth herein and in Amendment No. 7, each Incremental Term A-1 Lender severally agrees to make an Incremental Term A-1 Loan to the Borrower on the Amendment No. 7 Effective Date in the principal amount equal to its Incremental Term A-1 Commitment on the Amendment No. 7 Effective Date.
Without limiting the generality of the foregoing, the parties hereto agree that the Incremental Term A-1 Loan shall (i) bear interest at the same interest rate (including the Applicable Margin) applicable to the Term A Loan, (ii) mature on the Term A Loan Maturity Date and (iii) share ratably in all payments (including all optional and mandatory prepayments) with the Term A Loan.
The Borrower shall have paid all fees and expenses of the Incremental Term A-1 Loan Lenders, the Administrative Agent and Wells Fargo Securities, LLC required to be paid on the Effective Date (including, without limitation, all fees required to be paid pursuant to the engagement letter dated as of November 2, 2021 among the Borrower, the Parent and Wells Fargo Securities, LLC).
On the Effective Date, after giving effect to the funding of the Incremental Term A-1 Loan, the Lenders will hold outstanding Term A Loans, as increased by the Incremental Term A-1 Loan, in the principal amounts set forth opposite such Lender’s name on Schedule 1 hereto.
Notwithstanding the foregoing, the obligations of the Incremental Term A-1 Loan Lenders to make Incremental Term A-1 Loans hereunder shall not become effective unless each of the foregoing conditions is satisfied at or prior to 3:00 p.m. (New York City time) on December 31, 2021 (and, in the event that such conditions are not so satisfied, the Incremental Term A-1 Loan Commitments shall terminate at such time).
The CSC would approve and send the Notice of Retirement to the Officer through his MDA.
The Incremental Term A-1 Loan shall be funded as a LIBOR Rate Loan with an Interest Period ending on December 30, 2021 and, thereafter, be subject to Section 5.1 of the Credit Agreement.
However, if other metrics derived from chironomid data were to be good indicators, we would expect to see some correlation between human disturbance and either total chironomid taxa richness or % of Tanytarsini individuals, which are typically recognized as more sensitive chironomids.A second interpretation would be based on the idea that water chemistry samples within the lake are a better indicator of lake condition than the LDI or habitat index.
Upon receipt of such amounts from the Incremental Term A-1 Loan Lenders, the Administrative Agent will make the Incremental Term A-1 Loan available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower designated by the Borrower.
The proceeds of the Incremental Term A-1 Loan shall be used by the Borrower to (i) finance the Acquisition and (ii) pay fees, commissions and expenses in connection with the Incremental Term A-1 Loan, the Acquisition and the other transactions contemplated hereby and thereby.