Examples of Incremental Term Facility Lender in a sentence
Each Incremental Term Facility Lender party hereto, in its capacity as an Incremental Term Facility Lender hereunder and in its capacity as a Lender under the Existing Credit Agreement, hereby consents to the incurrence of the Incremental Term Facility Loans on the terms set forth herein.
For purposes of the Credit Agreement, the initial notice address of each Incremental Term Facility Lender (other than any Incremental Term Facility Lender that, immediately prior to the execution of this Agreement, is a “Lender” under the Existing Credit Agreement) shall be as set forth below its signature to this Agreement.
The Incremental Term Facility Loan Commitment of each Incremental Term Facility Lender is in addition to such Incremental Term Facility Lender’s existing Loans and Commitments under the Existing Credit Agreement, if any (which shall continue under and be subject in all respects to the Credit Agreement), and, immediately after giving effect to the amendments contemplated hereby, will be subject in all respects to the terms of the Credit Agreement (and, in each case, the other Credit Documents).
The Borrower shall pay to the relevant Incremental Revolving Facility Lender or Incremental Term Facility Lender, as the case may be, for its own account the fees agreed between the Borrower and the relevant Lender at the times and in the amount specified in the relevant Incremental Facility Commitment Agreement.
Each Incremental Term Facility Lender hereby agrees, severally and not jointly, to make an Incremental Term Facility Loan to the Borrower having the same terms as the existing Term Facility Loans under the Existing Credit Agreement on the Effective Date in the amount of its Incremental Term Facility Loan Commitment.
The Administrative Agent shall have received executed counterparts of this Agreement from each Credit Party, each Incremental Term Facility Lender, and the Administrative Agent.
Each Incremental Term Facility Lender acknowledges and agrees that upon its execution of this Agreement that such Incremental Term Facility Lender shall on and as of the Effective Date become, or continue to be, a “Lender” under, and for all purposes of, the Credit Agreement and the other Credit Documents, shall be subject to and bound by the terms thereof, shall perform all the obligations of and shall have all rights of a Lender thereunder.
Each Incremental Term Facility Lender hereby agrees, severally and not jointly, to provide its respective Incremental Term Facility 3 US-DOCS\106036167.7 Loan Commitment as set forth on Schedule A annexed hereto on the terms set forth in this Agreement, and its Incremental Term Facility Loan Commitment shall be binding as of the Effective Date.
The relevant Borrower(s) shall pay to the relevant Incremental Revolving Facility Lender or Incremental Term Facility Lender, as the case may be, for its own account the fees agreed between such Borrower(s) and the relevant Lender at the times and in the amount specified in the relevant Incremental Facility Commitment Agreement.
The Administrative Agent shall have received copies of the Notes, duly completed and executed, for each Incremental Term Facility Lender that requested a Note at least three (3) Business Days prior to the Effective Date.