Incremental Term Bank definition

Incremental Term Bank means each Bank that has an Incremental Term Commitment or that is the holder of an Incremental Term Loan.
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Incremental Term Bank means each of the Persons identified as an “Incremental Term Bank” in an Incremental Term Joinder Agreement (so long as such Persons are Banks at the time of execution of such Incremental Term Joinder Agreement or other Persons selected at such time by the Borrower Representative and acceptable to the Administrative Agent (so long as such Persons would be permitted at such time by Section 11.3(b)(v) to become assignees hereunder)), together with their respective successors and assigns.
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Incremental Term Bank means each of the Persons identified as an “Incremental Term Bank” in an Incremental Term Joinder Agreement (so long as such Persons are Banks at the time of execution of such Incremental Term Joinder Agreement or other Persons selected at such time by the Borrower Representative and acceptable to the Administrative Agent (so long as such Persons would be permitted at such time by Section 11.3(b)(v) to become assignees hereunder)), together with their respective successors and assigns. “Incremental Term Commitment” means, as to each Incremental Term Bank providing an Incremental Term Loan with respect to an Incremental Term Facility, the commitment of such Incremental Term Bank to make an Incremental Term Loan with respect to such Incremental Term Facility in an aggregate principal amount outstanding at any time up to such Incremental Term Bank’s Incremental Term Committed Amount for such Incremental Term Facility. “Incremental Term Commitment Percentage” means, with respect to each Incremental Term Bank under an Incremental Term Facility, a fraction (expressed as a percentage) the numerator of which is the Incremental Term Committed Amount of such Incremental Term Bank with respect to such Incremental Term Facility at such time and the denominator of which is the aggregate amount of the Incremental Term Commitments under such Incremental Term Facility at such time. “Incremental Term Committed Amount” means, with respect to each Incremental Term Bank under an Incremental Term Facility at any time, the amount of such Incremental Term Bank’s Incremental Term Commitment under such Incremental Term Facility at such time, as such amount may from time to time be reduced in accordance with the provisions hereof. “Incremental Term Facility” means, at any time, with respect to any Incremental Term Joinder Agreement, the aggregate principal amount of all Incremental Term Loans made by Incremental Term Banks pursuant to such Incremental Term Joinder Agreement that are outstanding at such time. “Incremental Term Facility Termination Date” with respect to any Incremental Term Facility, shall be as set forth in the applicable Incremental Term Joinder Agreement for such Incremental Term Facility. “Incremental Term Joinder Agreement” means a joinder agreement, substantially in the form of Schedule 2.10, or such other form as shall be reasonably approved by the Administrative Agent, executed and delivered in accordance with the provisions of Section 2.10(b). “Incremental T...
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Examples of Incremental Term Bank in a sentence

  • From and after the Second Amendment Effective Date, each Second Amendment Incremental Term Bank shall have all the rights of a Bank under the Credit Agreement as if it were an original signatory thereto.

  • Each First Amendment Incremental Term Bank agrees to be bound by the terms and conditions set forth in the Credit Agreement as if it were an original signatory thereto and hereby confirms that its administrative details are set forth in its Administrative Questionnaire.

  • From and after the First Amendment Effective Date, each First Amendment Incremental Term Bank shall have all the rights of a Bank under the Credit Agreement as if it were an original signatory thereto.

  • Each Second Amendment Incremental Term Bank agrees to be bound by the terms and conditions set forth in the Credit Agreement as if it were an original signatory thereto and hereby confirms that its administrative details are set forth in its Administrative Questionnaire.

  • Following receipt of such Conversion Request from the Borrower, the Agent shall promptly notify each Revolving Credit Bank, each Closing Date Term Bank or each Incremental Term Bank, as applicable, of such request by the Borrower.

  • Section 3.1. Subject to satisfaction of the conditions precedent contained in Article IV below, each First Amendment Incremental Term Bank hereby severally agrees to provide an Incremental Term Commitment in the amount set forth next to its name on the Incremental Term Commitment Schedule attached as Schedule II hereto, with each such Incremental Term Commitment to be effective as of the First Amendment Effective Date.