Examples of Term Facility in a sentence
The Applicable Margin and any other components of yield on any Incremental Term Facility shall be determined by the Lead Borrower and the Lenders thereunder.
The Administrative Agent is authorized to enter into, on behalf of the Lenders, any amendment (any such amendment, an “Incremental Facility Amendment”) to this Agreement 91 or any other Credit Document as may be necessary to incorporate the terms of any such Incremental Term Facility or Revolving Facility Increase.
If a Revolving Facility Increase or an Incremental Term Facility is requested, all conditions set forth in Section 2.22 shall have been satisfied.
No Lender shall have any obligation to provide all or any portion of any such Incremental Term Facility or Revolving Facility Increase.
The Administrative Agent and the applicable Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of any Increased Revolving Commitments, Increased Term Loan Commitments or Incremental Term Facility.