Term Loan Facility Agreement definition
Examples of Term Loan Facility Agreement in a sentence
The Borrower may offer one or more Lenders under the Agreement, or new lenders that are Eligible Assignees, the opportunity (but not obligation), in such amounts as the Borrower may determine, to participate in the Accordion Increase by increasing such Lender’s Commitment under this Agreement or, in the case of a new lender or an Additional Term Loan Facility, by issuing a Commitment under this Agreement or an Additional Term Loan Facility Commitment under an Additional Term Loan Facility Agreement.
Each of the parties hereto hereby agrees that, upon the effectiveness of an Additional Term Loan Facility Agreement, this Agreement shall be amended to the extent (but only to the extent) necessary to reflect the existence and terms of such Additional Term Loan Facility evidenced thereby as provided for in Section 11.01.
The registration of any provision of Accordion Increases pursuant to Section 2.13 shall be recorded by the Administrative Agent on the Register only upon the acceptance of the Administrative Agent of a properly executed and delivered Accordion Agreement or Additional Term Loan Facility Agreement, as applicable.
Any such deemed amendment may be memorialized in writing by the Administrative Agent and the Borrower and furnished to the other parties hereto, it being understood that such Additional Term Loan Facility Agreement may, without the consent of the other Lenders, effect such amendments to this Agreement or any other Loan Document as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section 2.01.
Unless the contrary intention appears, terms defined in the Term Loan Facility Agreement or the Transaction Implementation Agreement, as applicable, shall have the same meaning when used in this Second Amendment Agreement.