Additional Term Loan Commitments. At the Lead Borrower’s option, any Additional Term Loans may (i) rank pari passu (“Additional Pari Passu Term Loans”) in right of priority with respect to the Collateral and payment with respect to the Obligations in respect of the Tranche A Commitments and any corresponding and then existing Additional Pari Passu Term Loans or (ii) rank junior (“Additional Junior Term Loans”) in right of priority with respect to the Collateral and payment with respect to the Obligations in respect of the Tranche A Commitments, the Tranche A-1 Commitments, any Additional Pari Passu Term Loans, and any other Additional Junior Term Loans which remain outstanding at the time such Additional Junior Term Loan is made. Additional Pari Passu Term Loans shall constitute usage of the Tranche A Borrowing Base and during the period commencing upon the issuance of any Additional Term Loan Commitment providing for any Additional Pari Passu Term Loans and the making of such Additional Pari Passu Term Loans, the Administrative Agent shall, in the exercise of its commercially reasonable discretion, establish an Availability Reserve in respect thereof in an amount reasonably determined by the Administrative Agent (and, in cases where such Additional Pari Passu Term Loans are intended to fund all or a part of the purchase price of a Permitted Acquisition, taking into account on a pro forma basis any increase to Excess Availability which might arise upon the consummation of such Permitted Acquisition).
Additional Term Loan Commitments. The Borrower may, at any time at its sole cost, expense and effort, request any one or more of the Lenders, an Affiliate of a Lender or an Approved Fund of a Lender (the decision to be within the sole and absolute discretion of such Lender, Affiliate or Approved Fund), or any other Person reasonably satisfactory to the Administrative Agent, to commit to make an Additional Term Loan, by submitting an Additional Term Loan Supplement duly executed by the Borrower and each such Lender, Affiliate, Approved Fund or other Person, as the case may be, to the Administrative Agent. If such an Additional Term Loan Supplement is in all respects reasonably satisfactory to the Administrative Agent, the Administrative Agent shall execute such Additional Term Loan Supplement and deliver a copy thereof to the Borrower and each such Lender, Affiliate, Approved Fund or other Person, as the case may be. Upon execution and delivery of such Additional Term Loan Supplement by the Administrative Agent, (i) in the case of each such Lender, such Lender’s Additional Term Loan Commitment with respect thereto shall be in the amount set forth in such Additional Term Loan Supplement, and (ii) in the case of each such Affiliate, Approved Fund or other Person, such Affiliate, Approved Fund or other Person shall thereupon become a party hereto and shall for all purposes of the Loan Documents be deemed a “Lender” having an Additional Term Loan Commitment as set forth in such Additional Term Loan Supplement; provided, however, that:
Additional Term Loan Commitments. Company may, concurrently with or any time after an IPO, by notice to Administrative Agent, issue additional Term Loans under this Agreement in an aggregate amount of not more than $135,000,000 to Eligible Assignees that are approved by Administrative Agent (such approval not to be unreasonably withheld or delayed) (each such additional Term Loan, a “Supplemental Term Loan”, and collectively, the “Supplemental Term Loans”), which Supplemental Term Loans may be issued as additional Term Loans or as a new tranche of Term Loans; provided that
Additional Term Loan Commitments. (a) The Borrower may, at one time only during the term of the Term Facility by written notice (the "ADDITIONAL TERM LOAN NOTICE") to the Administrative Agent request Additional Term Commitments which shall have the same terms as the Term Commitments in an amount not to exceed the Additional Term Amount from one or more Additional Term Lenders, which may include any existing Lender; PROVIDED that each Additional Term Lender, if not already a Lender hereunder, shall be subject to the approval of the Administrative Agent which approval shall not be unreasonably withheld or delayed and, if withheld, the reason therefor shall be specified in writing). The Additional Term Loan Notice shall set forth the amount of the Additional Term Commitments being requested (which shall be in a minimum amount of $5,000,000, a maximum amount of $25,000,000 and in minimum increments of $1,000,000), the effective date of such commitments, which shall be no less than 15 days following the delivery of the Additional Term Loan Notice (the "ADDITIONAL TERM COMMITMENT EFFECTIVE DATE") and the drawing date of the Additional Term Loan. The Borrower may elect to make a single drawing of the Additional Term Loan on the date specified for such drawing in the Additional Term Loan Notice during the period beginning the Additional Term Commitment Effective Date through the date that is ninety days thereafter (such period being the "ADDITIONAL TERM LOAN DRAWING PERIOD"). During the Additional Term Loan Drawing Period and prior to the date specified in the Additional Term Loan Notice for the drawing of Additional Term Loans,
Additional Term Loan Commitments. Subject to the terms and conditions of the Credit Agreement and this First Incremental Facility Amendment, each Lender (including each new Lender) party hereto severally agrees to make a term loan (a “First Incremental Facility Term Loan”) to the Borrower in a single drawing on the First Incremental Facility Amendment Effective Date (as defined below) in the amount set forth with its signature to this First Incremental Facility Amendment (the “First Incremental Facility Term Commitment” of such Lender). The First Incremental Facility Term Loans shall have the terms set forth below and, except as set forth below, shall otherwise be treated as “Term Loans” under the Credit Agreement (including for purposes of sharing on a ratable basis in prepayments of Term Loans):
Additional Term Loan Commitments. At any time on and after the Effective Date and prior to the Additional Loans Availability Termination Date, with the prior written consent of the Administrative Agent, the Borrower may request one or more Banks or other lending institutions to assume an Additional A Term Loan Commitment or an Additional B Term Loan Commitment and to make A Term Loans or B Term Loans, as the case may be, to the Borrower as provided in Sections 1.01(a)(ii) and 1.01(b)(ii), respectively, (all such term loans whether A Term Loans or B Term Loans being herein referred to as "Additional Term Loans") and in the sole discretion of each such Bank or other institution, any such Bank or other institution may agree to so commit; provided that (i) no Default or Event of Default then exists or would result therefrom, (ii) the increase in the Total Additional Term Loan Commitment pursuant to any such request shall be in an aggregate amount of at least $100,000,000, (iii) after giving effect to each such increase, the sum of the Total Additional Term Loan Commitment (determined without giving effect to any prior reductions thereto pursuant to Section 3.03(e)) and any additional Revolving Loan Commitments pursuant to Section 9.04(xiv) shall not exceed $550,000,000 and (iv) no more than two requests shall be made per calendar year. The Borrower and each such Bank or other lending institution (each an "Assuming Bank") which agrees to commit to make Additional Term Loans shall execute and deliver to the Administrative Agent an Additional Term Loan Assumption Agreement substantially in the form of Exhibit C (with the
Additional Term Loan Commitments. Subject to the terms and conditions hereof: each Lender severally agrees to make, at any time on or after the First Amendment Effective Date and prior to the Additional Term Loan Commitment Termination Date, one or more Additional Term Loans to Company in an aggregate amount not to exceed such Lender’s Additional Term Loan Commitment immediately prior to giving effect to any such Additional Term Loan. Company shall make a single borrowing of the Additional Term Loan Commitment, which borrowing may only occur during the Additional Term Loan Commitment Period. Any amount borrowed under this Section 2.1(b) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.13, all amounts WEIL:\96958663\10\71605.0155 owed hereunder with respect to the Additional Term Loans shall be Paid in Full no later than the Additional Term Loan Maturity Date. Each Lender’s Additional Term Loan Commitment shall (x) automatically and permanently be reduced by the amount of each Additional Term Loan made hereunder, and (y) terminate immediately and without further action by any Person on the Additional Term Loan Commitment Termination Date.
Additional Term Loan Commitments. Subject to the terms and conditions of the Credit Agreement and this Incremental Term Loan Amendment, each Lender (including each new Lender) party hereto severally agrees to make a term loan (an "Incremental Term Loan") to the Company in a single drawing on the Incremental Term Loan Effective Date (as defined below) in the amount set forth opposite the name of such Lender on Schedule I to this Incremental Term Loan Amendment (the "Incremental Term Loan Commitment"). The Incremental Term Loans shall be deemed "Term Loans" under the Credit Agreement and the
Additional Term Loan Commitments. Subject to the terms and conditions hereof, the Borrower may, at any time after the Closing Date, establish one or more Additional Term Loan Facilities and, from time to time pursuant thereto, borrow Additional Term Loans in an aggregate amount not to exceed the lesser of (a) the aggregate amount of the Additional Term Loan Commitments and (b) $100,000,000.
Additional Term Loan Commitments. The Additional Term Loan Commitments shall be automatically and permanently reduced to zero upon the funding in full of such Term Loans on the First Amendment Effective Date.
