Incremental Term C Facility definition
Examples of Incremental Term C Facility in a sentence
The Administrative Agent and the Incremental Term C Facility Arranger shall have received all fees and expenses due and payable pursuant to Section 5.4 (to the extent then invoiced) and pursuant to the Credit Agreement (including all previously invoiced fees and expenses).
The aggregate amount of (y) any increase in the Revolving Commitment, the commitment available for Term A Loans or both (the "COMMITMENT INCREASE AMOUNT"), and (z) the amount of the Incremental Term C Facility, shall not exceed $100,000,000.
Subject to the satisfaction of the conditions set forth in Article III, effective as of the Incremental Term C Facility Amendment Effective Date, the Credit Agreement is hereby amended or otherwise modified in accordance with this Article II.
Each of the Borrowers and the Administrative Agent agree that, with respect to assignments by an Incremental Term C Lender with respect to the Incremental Term C Facility that would be subject to the limitations set forth in clause (ii) of the proviso set forth in Section 9.07(a) of the Credit Agreement, the reference to “$5,000,000” in such clause (ii) shall be deemed to be “$1,000,000”.
The Administrative Agent and the Incremental Term C Facility Arranger (with sufficient copies for each Incremental Term C Lender) shall have received an acknowledgment, dated as of the Incremental Term C Facility Amendment Effective Date and in form and substance satisfactory to each of them, duly executed and delivered by Broadwing and each of the Subsidiary Guarantors and substantially in the form of Annex II hereto.
The Incremental Term C Facility Arranger (with sufficient copies for the Administrative Agent) shall have received Incremental Notes payable to the Incremental Term C Lenders that have requested such Incremental Notes prior to the Incremental Term C Facility Amendment Effective Date.
The Incremental Term C Facility Arranger shall have received evidence satisfactory to it that the Debt of the Borrowers under the Credit Agreement is rated at least BB+ by S&P and at least Ba1 by M▇▇▇▇’▇.
This Amendment is a Loan Document executed pursuant to the Credit Agreement and shall be construed, administered and applied in accordance with all of the terms and provisions of the Credit Agreement (and, following the Incremental Term C Facility Amendment Effective Date, the Amended Credit Agreement), including the provisions of Section 9.01 of the Credit Agreement.
The Administrative Agent and the Incremental Term C Facility Arranger shall have received a Notice of Borrowing relating to the Incremental Term C Advances, duly executed and delivered by the relevant Borrower.
The Administrative Agent and the Incremental Term C Facility Arranger shall have received, with counterparts for each of the Incremental Term C Lenders, a certificate, dated as of the Incremental Term C Facility Amendment Effective Date, appropriately completed and duly executed and delivered by a Responsible Officer of each of the Borrowers and substantially in the form of Annex I hereto.