Conditions to Incremental Term Facility Commitments Sample Clauses

Conditions to Incremental Term Facility Commitments. Subject to and upon the terms and conditions set forth in Clause 7 (Uncommitted Incremental Facilities) and the relevant Incremental Term Facility Commitment Agreement, each Lender with an Incremental Term Facility Commitment for a given Tranche of Incremental Term Facility Advances severally agrees, at any time and from time to time on and after the date that such Incremental Term Facility Commitment is obtained pursuant to Clause 7 (Uncommitted Incremental Facilities) and prior to the relevant Termination Date for such Tranche of Incremental Term Facility Advances, to make a term loan or term loans (each an “Incremental Term Facility Advance” and, collectively, the “Incremental Term Facility Advances”) to the Borrower for such Tranche. Such Incremental Term Facility Advances: (i) shall be incurred on an Incremental Term Facility Utilisation Date; (ii) shall be denominated in the Applicable Currency for such Tranche of Incremental Term Facility Advances; (iii) shall, if an Alternate Currency Incremental Term Facility Advance, at the option of the Borrower, be incurred and maintained in one or more borrowings of Alternate Currency Incremental Term Facility Advances under such Tranche; and (iv) shall not exceed for any such Incremental Term Facility Lender at the time of any incurrence thereof, that aggregate principal amount which equals the Incremental Term Facility Commitment of such Incremental Term Facility Lender for such Tranche at such time (before giving effect to any reduction thereof at such time pursuant to paragraph (c) of this Clause 4.2).