Third Incremental Commitment definition

Third Incremental Commitment means, for any Term Lender, the commitment amount set forth opposite such Term Lender’s name in Schedule 1.01(A) under the caption “Third Incremental Term Commitment” (as amended pursuant to the terms of Amendment No. 6). The aggregate amount of the Term Lenders’ Third Incremental Commitments on the Amendment No. 6 Effective Date (immediately prior to the incurrence of the Third Incremental Term Loans on such date) is $525,000,000.

Examples of Third Incremental Commitment in a sentence

• Subject to the terms and conditions set forth in Amendment No. 6, each Third Incremental Term Lender severally agrees to make to the Borrower on the Amendment No. 6 Effective Date, loans (collectively, the “Third Incremental Term Loans”) denominated in Dollars in an aggregate amount equal to the amount of such Third Incremental Term Lender’s Third Incremental Commitment.

• Each such Incremental Revolving Commitment Lender further acknowledges and agrees that after giving effect to all such additional Revolving Commitments on the Third Incremental Commitment Effective Date, the aggregate Revolving Commitment of such Lender shall be as set forth on Appendix A of the Credit Agreement, as amended by this Agreement.

• Subject to certain conditions precedent, the Third Incremental Commitment Agreement increases the borrowing capacity under the Credit Agreement’s senior secured revolving credit facility from $140 million to $200 million.

• If the undersigned Lender is not already a Lender under the Credit Agreement, such Lender hereby acknowledges, agrees and confirms that, by its execution of this Agreement, such Lender will, as of the Third Incremental Commitment Effective Date (as defined in Section 4 below), be a party to the Credit Agreement and be bound by the provisions of the Credit Agreement and, to the extent of its new Revolving Commitment, have the rights and obligations of a Lender thereunder.