Incremental Term Joinder Agreement definition
Examples of Incremental Term Joinder Agreement in a sentence
Each of the parties hereto hereby agrees that, upon the effectiveness of any Incremental Revolving Joinder Agreement or Incremental Term Joinder Agreement, this Agreement shall be deemed amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Incremental Facility evidenced thereby, and Administrative Agent and Borrower may revise this Agreement and the other Loan Documents to evidence such amendments.
Administrative Agent shall notify Lenders promptly (i) upon receipt of Borrower’s notice of each Increased Amount Date and in respect thereof the Incremental Facility subject to the assignments contemplated by this Section 2.11 and (ii) as to the effectiveness of each Incremental Revolving Joinder Agreement and each Incremental Term Joinder Agreement.
The outstanding principal amount of all Incremental Term Loans shall be due and payable in the installments, on the dates and in the amounts set forth in the applicable Incremental Term Joinder Agreement for such Incremental Term Loans (as such installments may hereafter be adjusted as a result of the application of prepayments in accordance with the order of priority set forth in Section 3.4), unless accelerated sooner pursuant to Section 9.2.