Examples of Incremental Term Loans in a sentence
No Lender shall have any obligation to agree to have any of its Incremental Term Loans of any Existing Term Loan Class converted into Extended Term Loans pursuant to any Term Loan Extension Request.
In addition, unless otherwise specifically provided herein, all references in Loan Documents to Revolving Credit Advances or Incremental Term Loans shall be deemed, unless the context otherwise requires, to include references to Revolving Credit Advances made pursuant to Incremental Revolving Commitments and Incremental Term Loans made pursuant to this Agreement.
On any Increase Effective Date on which new Commitments for Incremental Term Loans are effective, subject to the satisfaction of the foregoing terms and conditions, each Lender of such new Commitment shall make an Incremental Term Loan to the applicable Borrower(s) in an amount equal to its new Commitment for Incremental Term Loans.
Each of the parties hereto hereby agrees that, upon the effectiveness of any Incremental Amendment, this Agreement and the other Loan Documents, as applicable, will be amended to the extent necessary to reflect the existence and terms of the Incremental Facility and the Incremental Term Loans evidenced thereby.
Except as otherwise specifically set forth herein, all of the other terms and conditions applicable to any Incremental Commitment shall be identical to the terms and conditions applicable to the existing Revolving Credit Advances, Incremental Term Loans and Commitments.