Examples of Incremental Term Loan Facilities in a sentence
Administrative Agent shall promptly notify Borrower, Lenders (including, without limitation, any Eligible Assignee becoming a Lender) and lenders under the Incremental Term Loan Facilities of the final allocation of such increase and the Increase Effective Date.
If any amendment to this Agreement is reasonably requested to give effect to or to evidence any addition of Incremental Term Loan Facilities pursuant to and in accordance with this Section 2.16, then such amendment shall be effective if executed by the Credit Parties, each Lender providing such Incremental Term Loan Facility and the Administrative Agent.
Incremental Term Loan Facilities and Incremental Term Loans may be made hereunder pursuant to a supplement, an amendment or an amendment and restatement (an “Incremental Term Loan Facility Amendment”) of this Agreement and, as appropriate, the other Loan Documents, executed by the Borrower, each Incremental Term Loan Lender (including any new Lender becoming a party to this Agreement as an Incremental Term Loan Lender) with respect to such Incremental Term Loan Facility and the Administrative Agent.
As part of the amendment, STG fully redeemed its $460.9 million Term Loan B and Incremental Term Loan Facilities with a new, lower priced, $150.0 million Term Loan A and $250.0 million Term Loan C Facilities.
Incremental Term Loan Facilities and Incremental Term Loans may be made hereunder pursuant to a supplement, an amendment or an amendment and restatement (an “Incremental Term Loan Facility Amendment”) of this Credit Agreement and, as appropriate, the other Credit Documents, executed by the Borrower, each Incremental Term Loan Lender (including any New Term Loan Lender) with respect to such Incremental Term Loan Facility and the Administrative Agent.
Notwithstanding anything to the contrary herein, the aggregate amount of the Incremental Term Loans borrowed following the Amendment No. 1 Effective Date shall not exceed $300,000,000the Maximum Incremental Term Loan Facilities Amount and the aggregate amount of the Revolving Commitment Increase shall not exceed $100,000,000.200,000,000.
Once paid or prepaid, the 2012 Incremental Term Loan may not be reborrowed; provided, however, that this paragraph is not intended to limit the ability of the Borrower to establish additional Incremental Term Loan Facilities in accordance with Section 2.16(a) of the Credit Agreement.
The Administrative Agent shall have received a “UCC-9 Loan Insurance Policy” in form and substance satisfactory to the Administrative Agent and from an insurance company satisfactory to the Administrative Agent (the amount of such policy not to exceed the sum of the Tranche A Term Loans, the Tranche B Term Loans, the Additional Tranche B Term Loan Commitment, the aggregate available amount of the Incremental Term Loan Facilities and the Revolving Credit Commitment on the Effective Date).
At any time, Xxxxx holding at least 51% of the sum of (a) the Total Revolving Credit Exposures of all Revolving Credit Banks and (b) the Incremental Term Loan Facilities, if any.
Optional prepayments on account of the Term Loans shall be allocated among the Term Loans under the Delayed-Draw Term Loan Facility and any Incremental Term Loan Facilities ratably based on the outstanding principal amount of the Term Loans under each such Facility and applied to the then remaining installments under each such Facility in accordance with subsection 2.15(d).