Examples of Term Loan Increase in a sentence
On any Term Loan Increase Effective Date on which Incremental Term Loan Commitments are effective, subject to the satisfaction of the foregoing terms and conditions, each Lender of such Incremental Term Loan Commitment shall make an Incremental Term Loan to the Borrower in an amount equal to its Incremental Term Loan Commitment.
The Borrower has elected to use clause (a) of the definition of “Available Incremental Amount” to effectuate the Term Loan Increase contemplated hereby.
Incremental Term Loan Increase; Additional Tranche A Term Commitment.
The outstanding principal balance of the Term Loan (including the Term Loan Increase) as of the date hereof is $16,280,310.18.
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