Examples of Incremental Term B Loans in a sentence
To request a Borrowing of Incremental Term B Loans on the Effective Date, the Borrower shall notify the Administrative Agent of such request in writing not later than 5:00 p.m., New York City time, one Business Day prior to the Effective Date (or such later time as the Administrative Agent may agree).
The 2017 Rook Incremental Term B Loan Commitments shall automatically terminate upon the earlier of (x) the making of the applicable 2017 Rook Incremental Term B Loans thereunder on the 2017 Rook Incremental Funding Date and (y) September 1, 2017.
In the event any Incremental Term B Loans are made, such Incremental Term B Loans shall be repaid on each Term B Installment Payment Date occurring on or after the applicable Increased Amount Date as set forth in the applicable Incremental Joinder Agreement.
Each quarterly installment shall be in an amount equal to 0.25% of the principal amount of the Incremental Term B Loans made hereunder on the Effective Date, except as the amounts of individual quarterly installments may be adjusted pursuant to Section 4.4 of the Credit Agreement.
The 2016 Incremental Term B Borrowing shall consist of 2016 Incremental Term B Loans made simultaneously by the 2016 Incremental Term B Lenders in accordance with their respective 2016 Incremental Term B Commitments.