Examples of Second Amendment Incremental Term Loans in a sentence
Amounts paid or prepaid in respect of the Initial Term Loans and the Second Amendment Incremental Term Loans may not be reborrowed.
The aggregate principal amount of the Second Amendment Incremental Term Loans made on the Second Amendment Effective Date was $20,000,000.
The proceeds of the Second Amendment Incremental Term Loans shall be used to finance all or a portion of the Second Amendment Transactions.
All Second Amendment Incremental Term Loans incurred pursuant to this Amendment will be allocated ratably to each outstanding borrowing of Initial Term Loans that are Eurocurrency Rate Loans under the Credit Agreement for purposes of determining the initial interest rate thereon and Interest Period therefor.
For greater certainty and without limiting the foregoing, each Loan Party hereby confirms that the existing security interests granted by such Loan Party in favor of the Secured Parties pursuant to the Loan Documents in the Collateral described therein shall continue to secure the obligations of the Loan Parties, including the Second Amendment Incremental Term Loans, under the Amended Credit Agreement and the other Loan Documents as and to the extent provided in the Loan Documents.
Holdings, the Borrower, the Administrative Agent and the Second Amendment Incremental Term Loan Lender have agreed, upon the terms and subject to the conditions set forth herein, to give effect to the Second Amendment Incremental Term Loans and consent to amend the Credit Agreement as set forth herein.
The Borrower will use the proceeds of the Initial Term Loans (other than Second Amendment Incremental Term Loans) solely to repurchase, repay, acquire or otherwise settle a portion of the Borrower’s Convertible Notes and to pay related premiums, fees and expenses in connection therewith.
The proceeds of the Revolving Loans and the Second Amendment Incremental Term Loans shall be used for working capital and general corporate purposes and any other purpose not prohibited by this Agreement.
The Second Amendment Incremental Term Commitment of each Second Amendment Incremental Lender shall be automatically and permanently reduced to $0 upon the making of the Second Amendment Incremental Term Loans on the Amendment No. 2 Effective Date.
The Borrower will use the proceeds of the Second Amendment Incremental Term Loans, the Initial Revolving Credit Loans and the L/C Credit Extensions for working capital, capital expenditures and other lawful general corporate purposes (which, for the avoidance of doubt, may include repurchasing, repaying, acquiring or otherwise settling a portion of the Borrower’s Convertible Notes and paying related premiums, fees and expenses in connection therewith).