Examples of Term A Loan Increase in a sentence
On any Increase Effective Date on which any Incremental Increase in the form of a Term A Loan Increase or an Incremental Term Loan is effective, subject to the satisfaction of the terms and conditions in this Section 2.14, each Lender of such new Term A Loan Increase or an Incremental Term Loan shall make an amount equal to its commitment to such new Term A Loan Increase or an Incremental Term Loan available to the Borrower, in a manner consistent with Borrowings hereunder.
The Borrower shall prepay Term B Loans with the Net Proceeds of any Term A Loan Increase promptly upon receipt thereof.
For the avoidance of doubt, (A) the incurrence of any Pari Passu Term A Loans shall not affect any Lender’s obligations under or with to such Xxxxxx’s Revolving Credit Commitments and (B) the principal amount of loans constituting a Term A Loan Increase shall be deemed Pari Passu Term A Loans for purposes of this Section 2.13 and the other provisions of the Loan Documents.
Each Term Loan A Facility or Term A Loan Increase shall be established hereunder pursuant to an amendment hereto (a “Term A Loan Amendment”) and executed by each Loan Party, each Term A Lender providing the applicable Pari Passu Term A Loans.
It is understood that final allocations of such Term A Loan Increase or new Term Loan A Facility shall be made at the Borrower’s discretion in consultation with the Administrative Agent.