Incremental Term Loan A definition
Examples of Incremental Term Loan A in a sentence
The aggregate Incremental Term Loan A Commitments shall be in an amount of at least $5,000,000 and integral multiples of $5,000,000 in excess thereof.
Notwithstanding the foregoing, each Incremental Revolving Assumption Agreement, Incremental Term Loan A Facility Amendment and Incremental Term Loan B Facility Amendment may be effected in accordance with Section 2.20 without the consent of any Lenders other than the Incremental Lenders providing the Incremental Facility contemplated thereby.
The Loan Parties shall take any actions reasonably required by the Administrative Agent to ensure and demonstrate that the Liens and security interests granted by the Loan Documents continue to be perfected under the Code or otherwise after giving effect to the establishment of the Incremental Term Loan A Commitments and the Incremental Term Loan A.
Any Lender approached to provide all or a portion of the Incremental Revolving Commitments or Incremental Term Loan A Commitments may elect or decline, in its sole discretion, to provide an Incremental Revolving Commitment or an Incremental Term Loan A Commitment.
Any Incremental Term Loan A established under Section 2.01(c) shall be a part of the Term Loan A hereunder subject to the same terms and conditions without distinction from the Term Loan A existing prior to their establishment.
The designation of Incremental Term Loan A Commitments as Tranche A1 Commitments, Tranche A2 Commitments or Other Term Loan A Commitments shall be made pursuant to an amendment (each, an “Incremental Term Loan A Facility Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by the Company, the Administrative Agent and each applicable Incremental Term Loan A Lender.
Any Lender approached to provide all or a portion of the Incremental Revolving Commitments, Incremental Term Loan A Commitments or Incremental Term Loan B Commitments may elect or decline, in its sole discretion, to provide an Incremental Revolving Commitment, an Incremental Term Loan A Commitment or an Incremental Term Loan B Commitments.
Each Lender’s 2015 Incremental Term Loan A Commitment shall expire immediately and without further action on the First Incremental Amendment Effective Date after giving effect to the Term Loans A made thereon.
The execution and delivery of the Sixth Amendment by the Borrower and the satisfaction of all conditions precedent in Section 3(b) thereof shall be deemed to constitute the Borrower’s request for the Incremental Term Loan A to be funded into escrow on the Banamex Acquisition Effective Date, and released to the Borrower on the Banamex Funding Date, in each case subject to the terms and conditions of Section 3 of the Sixth Amendment.
Advances under the Incremental Term Loan A Commitments shall be funded in one drawing on the Second Amendment Date and shall constitute part of Term Loan A.