Second Incremental Amendment definition
Examples of Second Incremental Amendment in a sentence
The Term B-2 Commitment of each Term B-2 Lender shall be automatically and permanently reduced to $0 on the Second Incremental Amendment Closing Date.
Simultaneously with effectiveness, (i) the Revolving Credit Lenders under the Existing Credit Agreement shall have been paid all accrued fees on their Revolving Credit Commitments to, but not including, the Second Incremental Amendment Closing Date and (ii) the Revolving Credit Lenders under the Existing Credit Agreement shall have been paid all accrued and unpaid interest on their outstanding Revolving Credit Loans to, but not including, the Second Incremental Amendment Closing Date.
Each Revolving Credit Lender that executes and delivers a Consent agrees that to the extent its Revolving Credit Loans under the Credit Agreement are being repaid on the Second Incremental Amendment Closing Date it waives any amounts it may be entitled to under Section 3.05 of the Credit Agreement in connection with such repayment.
All Letters of Credit outstanding under the Revolving Credit Commitments immediately prior to the Second Incremental Amendment Closing Date shall be deemed to be Letters of Credit issued under the Tranche A Revolving Commitments.
Notwithstanding the foregoing and anything to the contrary in any Loan Document, this Amendment (and the 2019 Incremental Revolving Commitments) shall not be assignable by the 2019 Incremental Revolving Lenders prior to the Second Incremental Amendment Date without the prior written consent of the Borrower (such consent not to be unreasonably withheld or delayed) and any purported assignment without such consent shall be null and void.