Examples of Incremental Term Loan in a sentence
Any Incremental Term Loan Commitments shall terminate as provided in the related Incremental Assumption Agreement.
No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the making of the extensions of credit requested to be made on such date; provided that if the Lenders providing an Incremental Term Loan or Incremental Revolving Loan to finance a Permitted Acquisition have agreed to a “funds certain” provision, then no Default or Event of Default shall have occurred and be continuing under Section 7(a) or (f).
The Borrower may invite any Lender, any Affiliate of any Lender and/or any Approved Fund, and/or any other Person reasonably satisfactory to the Administrative Agent, to provide an Incremental Term Loan Commitment (any such Person, an “Incremental Term Loan Lender”).
Each Lender’s Fourth Amendment Incremental Term Loan Commitment shall terminate immediately and without further action on the Fourth Amendment Effective Date upon funding of the Fourth Amendment Incremental Term Loans.
Any Lender or any Incremental Term Loan Lender offered or approached to provide all or a portion of any Incremental Term Loan Commitment may elect or decline, in its sole discretion, to provide such Incremental Term Loan Commitment.