Incremental Commitments. The Borrower may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (A) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term Loans (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments”) and/or (B) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with any Revolving Commitment Increases, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior lien basis to the Liens securing the Initial Term Loans or (C) unsecured or not secured by all or any portion of the Collateral.
Appears in 8 contracts
Sources: Credit Agreement (Medline Inc.), Credit Agreement (Medline Inc.), Credit Agreement (Medline Inc.)
Incremental Commitments. The Borrower may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (A) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term Loans (each, an “Incremental Term Facility,” ”, collectively with any Term Loan Increase, the “Incremental Term Commitments”) and/or (B) one or more increases in the amount of the Revolving Credit Commitments of any Class or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with any Revolving Commitment Increases, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments and Incremental Loans Facilities shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior lien Lien basis to the Liens securing the Initial Term Loans or (C) unsecured or not secured by all or any portion of the Collateralunsecured.
Appears in 7 contracts
Sources: Credit Agreement (Alight, Inc. / Delaware), Credit Agreement (Alight, Inc. / Delaware), Credit Agreement (Alight, Inc. / Delaware)
Incremental Commitments. The Parent Borrower may, (on its own behalf or on behalf of any Borrower) may at any time or from time to time after the Closing Effective Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (A) one or more new commitments which may be in of the same Facility Class as any outstanding Term A Loans (a “Term A Loan Increase”) or a new Class of an existing term A loans (collectively with any Term A Loan Increase, the “Incremental Term A Commitments”), (B) one or more new commitments which may be of the same Class as any outstanding Term B Loans (a “Term B Loan Increase” and, together with any Term A Loan Increase, a “Term Loan Increase”) or a new Class of Term Loans term B loans (each, an “Incremental Term Facility,” collectively with any Term B Loan Increase, the “Incremental Term B Commitments” and, together with any Incremental Term A Commitments, the “Incremental Term Commitments”) ), and/or (BC) one or more increases in the amount of the Revolving Credit Commitments or of any Incremental Revolving Facility Class (a “Revolving Commitment Increase”) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with any Revolving Commitment Increases, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior lien basis to the Liens securing the Initial Term Loans or (C) unsecured or not secured by all or any portion of the Collateral.
Appears in 6 contracts
Sources: Fifth Amended and Restated Credit Agreement (Iqvia Holdings Inc.), Fifth Amended and Restated Credit Agreement (Iqvia Holdings Inc.), Credit Agreement (Iqvia Holdings Inc.)
Incremental Commitments. The Borrower may, may at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (Ai) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term Loans term loans (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (Bii) (A) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or and/or (B) the establishment of one or more new revolving credit commitments Revolving Credit Commitments (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitmentscommitment, collectively a “New Revolving Credit Commitment” and, together with any Revolving Commitment Increases, the “Incremental Revolving Credit Loan Commitments” and the Incremental Revolving Credit Commitmentsand, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior lien Lien basis to the Liens securing the Initial Term Loans or (C) unsecured or not secured by all or any portion of the Collateralunsecured.
Appears in 5 contracts
Sources: Credit Agreement (Avantor, Inc.), Credit Agreement (Avantor, Inc.), Credit Agreement (Avantor, Inc.)
Incremental Commitments. The Borrower may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (A) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term Loans (each, an “Incremental Term Facility,” ”, collectively with any Term Loan Increase, the “Incremental Term Commitments”) and/or (B) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with any Revolving Commitment Increases, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments and Incremental Loans Facilities shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior lien Lien basis to the Liens securing the Initial Term Loans or (C) unsecured or not secured by all or any portion of the Collateralunsecured.
Appears in 4 contracts
Sources: Credit Agreement (Alight Inc. / DE), Credit Agreement (Alight Inc. / DE), Credit Agreement (Alight Inc. / DE)
Incremental Commitments. The Borrower Borrowers may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent from the Lead Borrower (an “Incremental Loan Request”), request (A) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term Loans (each, an “Incremental Term Facility,” ”, collectively with any Term Loan Increase, the “Incremental Term Commitments”) and/or (B) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with any Revolving Commitment Increases, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior lien basis to the Liens securing the Initial Term Loans or (C) unsecured or not secured by all or any portion of the Collateral. For the avoidance of doubt, Incremental Revolving Credit Commitments and Incremental Revolving Credit Loans shall be secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans.
Appears in 3 contracts
Sources: Credit Agreement (Bumble Inc.), Credit Agreement (Bumble Inc.), Credit Agreement (Bumble Inc.)
Incremental Commitments. The Borrower may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (A) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term Loans (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments”) and/or (B) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with any Revolving Commitment Increases, the ( “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. Any Incremental Commitments and Incremental Loans Term Facility shall be be, at the Borrower’s election, (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior lien Lien basis to the Liens securing the Initial Term Loans or (C) unsecured or not secured by all or any portion of the Collateralunsecured.
Appears in 2 contracts
Sources: Credit Agreement (Apria, Inc.), Credit Agreement (Apria, Inc.)
Incremental Commitments. The Borrower may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (A) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term Loans (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments”) and/or (B) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with any Revolving Commitment Increases, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans and, the Dollar Incremental Term Loans, the Sixth Amendment 2028 Refinancing Term Loans and the Sixth Amendment 2030 Refinancing Term Loans, (B) secured by the Collateral on a junior lien basis to the Liens securing the Initial Term Loans and, the Dollar Incremental Term Loans, the Sixth Amendment 2028 Refinancing Term Loans and the Sixth Amendment 2030 Refinancing Term Loans or (C) unsecured or not secured by all or any portion of the Collateral.
Appears in 2 contracts
Sources: Credit Agreement (Medline Inc.), Credit Agreement (Medline Inc.)
Incremental Commitments. The Borrower may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (A) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term Loans (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments”) and/or (B) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with any Revolving Commitment Increases, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans and the Dollar Incremental Term Loans, (B) secured by the Collateral on a junior lien basis to the Liens securing the Initial Term Loans and the Dollar Incremental Term Loans or (C) unsecured or not secured by all or any portion of the Collateral.
Appears in 2 contracts
Sources: Credit Agreement (Medline Inc.), Credit Agreement (Medline Inc.)
Incremental Commitments. The Borrower may, Loan Parties may at any time or from time to time after the Closing Date, by written notice to the Administrative Agent (an “Incremental Loan Request”), request (Ai) one or more new commitments which may shall be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term Loans term loans (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments”) and/or under this Agreement, (Bii) one or more new term loans in a separate facility from the Facilities and that are either unsecured or secured on a pari passu or junior lien basis to the Facilities (the “Other Commitments” and the loans in respect thereof, the “Other Term Loans”), (iii) one or more series of pari passu first lien secured, junior lien secured or unsecured notes (the “Other Notes”), (iv) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”), and (v) or the establishment of one or more new revolving credit commitments Classes of Revolving Credit Loans (each, an the “Incremental Additional Revolving FacilityCommitments” and collectively together with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with any the Revolving Commitment IncreasesIncrease, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit CommitmentsCommitments and, collectively with any Incremental Term Commitments, the “Incremental Commitments”), in each case, solely to the extent the PIK Period remains in effect, under this Agreement, whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. Notwithstanding anything herein to the contrary, the Lenders party to this Agreement at the time of delivery of the written notice by the Loan Parties to the Administrative Agent pursuant to this Section 2.14(a) shall have the right, on a pro rata basis, to (i) make an initial offer with respect to any such Other Commitments and/or Incremental Commitments (and Incremental Loans the Indebtedness to be incurred in respect thereof) within five Business Days of receipt of such written notice and (ii) in the event such initial offer is not accepted by the Borrower or its applicable Restricted Subsidiary (provided that the Lead Borrower shall be deemed to have rejected such offer unless it shall accept the same in writing within five Business Days after having received such initial offer), provide any such Other Commitments and/or Incremental Commitments (Aand the Indebtedness to be incurred in respect thereof) secured by on the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior lien basis to the Liens securing the Initial Term Loans same terms as those being offered from any other financial institution or (C) unsecured or not secured by all or any portion of the Collaterallending source.
Appears in 2 contracts
Sources: Credit Agreement (Redwire Corp), Credit Agreement (Redwire Corp)
Incremental Commitments. The Borrower may, may at any time or from time to time after the Closing Amendment and Restatement Effective Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (A) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term Loans term loans (each, each an “Incremental Term Facility,” collectively with and any loans thereunder, “Incremental Term Loans”) or pursuant to any Term Loan Increase, the “Incremental Term Commitments”) Increase and/or (B) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or the establishment of one or more new revolving credit commitments (each, each an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with any Revolving Commitment Increases, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior lien Lien basis to the Liens securing the Initial Term Loans or (C) unsecured or not secured by all or any portion of the Collateralunsecured.
Appears in 1 contract
Incremental Commitments. The Parent Borrower may, may at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (A) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term Loans term loans (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments”) and/or and/or, (B) one or more increases in the amount of the Tranche A Revolving Credit Commitments or any Incremental Revolving Facility (a “Tranche A Revolving Commitment Increase”) or, (C) one or more increases in the amount of the Tranche B Revolving Credit Commitments (a “Tranche B Revolving Commitment Increase” and, collectively with any Tranche A Revolving Commitment Increase, “Revolving Commitment Increases”) and/or (D) the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with any Revolving Commitment Increases, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior lien basis to the Liens securing the Initial Term Loans or (C) unsecured or not secured by all or any portion of the Collateral.
Appears in 1 contract
Sources: Credit Agreement (Change Healthcare Holdings, Inc.)
Incremental Commitments. The Borrower may, may at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (A) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class of Term Loans (a “Term Loan Increase”) or a new Class of Term Loans (each, an “Incremental Term Facility,” ”, collectively with any Term Loan Increase, the “Incremental Term Commitments”) and/or (B) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with any Revolving Commitment Increases, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior lien basis to the Liens securing the Initial Term Loans or (C) unsecured or not secured by all or any portion of the Collateral.
Appears in 1 contract
Incremental Commitments. The Parent Borrower may, may at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (A) one or more new commitments which may be in of the same Facility Class as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term Loans term loans (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments”) and/or and/or, (B) one or more increases in the amount of the Tranche A Revolving Credit Commitments (a “Tranche A Revolving Commitment Increase”), (C) one or more increases in the amount of the Tranche B Revolving Credit Commitments (a “Tranche B Revolving Commitment Increase” and, collectively with any Incremental Tranche A Revolving Facility (Increase, a “Revolving Commitment Increase”) or and/or (D) the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with any Revolving Commitment Increases, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior lien basis to the Liens securing the Initial Term Loans or (C) unsecured or not secured by all or any portion of the Collateral.
Appears in 1 contract
Incremental Commitments. The Borrower may, may at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (Ai) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term Loans term loans (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (Bii) (A) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or and/or (B) the establishment of one or more new revolving credit commitments Revolving Credit Commitments (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitmentscommitment, collectively a “New Revolving Credit Commitment” and, together with any Revolving Commitment Increases, the “Incremental Revolving Credit Loan Commitments” and the Incremental Revolving Credit Commitmentsand, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans and the Incremental B-4 Dollar Term Loans, (B) secured by the Collateral on a junior lien Lien basis to the Liens securing the Initial Term Loans and the Incremental B-4 Dollar Term Loans or (C) unsecured or not secured by all or any portion of the Collateralunsecured.
Appears in 1 contract
Sources: Credit Agreement (Avantor, Inc.)
Incremental Commitments. The TheIn all cases subject to the prior consent of the Required Lenders (in their sole and absolute discretion and subject to such documentation as the Required Lenders may require, the Borrower may, may at any time or from time to time after the Closing Date, by notice to the Required Lenders and the Administrative Agent (an “Incremental Loan Request”), request (Ai) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term Loans term loans under this Agreement (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments”) ), and/or (Bii) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or the establishment of one or more new revolving credit commitments under this Agreement (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with any Revolving Commitment Increases, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The New Incremental Term Loan Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial considered Incremental Term Loans, (B) secured by the Collateral on a junior lien basis to the Liens securing the Initial Term Loans or (C) unsecured or not secured by all or any portion Commitments for purposes of the Collateralthis Agreement.
Appears in 1 contract
Incremental Commitments. The Borrower may, at any time or may from time to time time, on one or more occasions after the Closing Date, by written notice to the Administrative Agent (an “Incremental Loan Request”), request (Ai) one or more new commitments (each, an “Incremental Term Facility”) which may be in the same Facility as any outstanding Term Loans of an existing Class of Term Loans (a “Term Loan Increase”) or a new Class of Term Loans (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments”), (ii) and/or (B) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or the establishment of commitments under one or more new revolving credit commitments facilities under this Agreement (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and ”), or (iii) one or more increases in the amount of commitments under any such new commitmentsIncremental Revolving Facility (an “Incremental Revolving Commitment Increase”, collectively with any Incremental Revolving Commitment IncreasesFacility, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively collectively, with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy of such Incremental Request to each of the Lenders. Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior lien basis to the Liens securing the Initial Term Loans or (C) unsecured or not secured by all or any portion of the Collateral.
Appears in 1 contract
Incremental Commitments. The Borrower Borrowers may, at any time or from time to time after the Closing ClosingAmendment No. 3 Effective Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (A) one or more new commitments which may be in the same Facility as any then outstanding Class of Term A Loans or Term B Loans of an existing Class (a “Term Loan Increase”) or as a new Class of Term Loans (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments”) and/or and/or, (B) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Facility” ) and/or (C) one or more increases in the amount of the Performance L/C Participation Commitments (a “Performance Letter of Credit Participation Commitment Increase” and any commitments in respect thereof, the “Incremental Performance L/C Participation Commitments”) and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with with, any Revolving Commitment Increases, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments and Incremental Performance L/C Participation Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments and Incremental Loans Facilities shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term LoansLoansObligations, (B) secured by the Collateral on a junior lien Lien basis to the Liens securing the Initial Term Loans LoansObligations or (C) unsecured or not secured by all or any portion of the Collateralunsecured.
Appears in 1 contract
Sources: Credit Agreement (CONDUENT Inc)
Incremental Commitments. The Borrower may, may at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (Ai) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term Loans term loans (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (Bii) (A) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or and/or (B) the establishment of one or more new revolving credit commitments Revolving Credit Commitments (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitmentscommitment, collectively a “New Revolving Credit Commitment” and, together with any Revolving Commitment Increases, the “Incremental Revolving Credit Loan Commitments” and the Incremental Revolving Credit Commitmentsand, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, the Incremental B-45 Dollar Term Loans, the Incremental B-4 Euro Term Loans and the Incremental B-5 Euro Term Loans, (B) secured by the Collateral on a junior lien Lien basis to the Liens securing the Initial Term Loans, the Incremental B-45 Dollar Term Loans, the Incremental B-4 Euro Term Loans and the Incremental B-5 Euro Term Loans or (C) unsecured or not secured by all or any portion of the Collateralunsecured.
Appears in 1 contract
Sources: Credit Agreement (Avantor, Inc.)
Incremental Commitments. The Borrower may, may at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (Ai) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term Loans term loans (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments”) under this Agreement and/or (Bii) (A) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or and/or (B) the establishment of one or more new revolving credit commitments Revolving Credit Commitments (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitmentscommitment, collectively a “New Revolving Credit Commitment” and, together with any Revolving Commitment Increases, the “Incremental Revolving Credit Loan Commitments” and the Incremental Revolving Credit Commitmentsand, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, the Incremental B-4 Dollar Term Loans, the Incremental B-4 Euro Term Loans and the Incremental B-4 Dollar5 Euro Term Loans, (B) secured by the Collateral on a junior lien Lien basis to the Liens securing the Initial Term Loans and, the Incremental B-4 Dollar Term Loans, the Incremental B-4 Euro Term Loans and the Incremental B-5 Euro Term Loans or (C) unsecured or not secured by all or any portion of the Collateralunsecured.
Appears in 1 contract
Sources: Credit Agreement (Avantor, Inc.)
Incremental Commitments. The Borrower may, may at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (A) one or 55738387_110 more new commitments which may be in of the same Facility Class as any outstanding Term A Loans of an existing Class (a “Term A Loan Increase”) or a new Class of Term Loans term A loans (each, an “Incremental Term Facility,” collectively with any Term A Loan Increase, the “Incremental Term Commitments”") and/or (BA Commitments”), (B) one or more new commitments which may be of the same Class as any outstanding Term B Loans (a “Term B Loan Increase”, and collectively with any Term A Loan Increase, the “Term Loan Increases”) or a new Class of term B loans (collectively with any Term B Loan Increase, the “Incremental Term B Commitments” and collectively with the Incremental Term A Commitments, the “Incremental Term Commitments”), and/or (C) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with any Revolving Commitment Increases, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments,, and collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior lien basis to the Liens securing the Initial Term Loans or (C) unsecured or not secured by all or any portion of the Collateral.
Appears in 1 contract
Incremental Commitments. The Borrower may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (A) one or more new commitments which may be in the same Facility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term Loans (each, an “Incremental Term Facility,” ”, collectively with any Term Loan Increase, the “Incremental Term Commitments”) and/or (B) one or more increases in the amount of the Revolving Credit Commitments of any Class or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with any Revolving Commitment Increases, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments and Incremental Loans Facilities shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior lien Lien basis to the Liens securing the Initial Term Loans or (C) unsecured or not secured by all or any portion of the Collateral.unsecured. (b)
Appears in 1 contract
Incremental Commitments. The Borrower Borrowers may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (A) one or more new commitments which may be in the same Facility as any outstanding Term A Loans or Term B Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term Loans (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments”) and/or (B) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with any Revolving Commitment Increases, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments and Incremental Loans Facilities shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior lien Lien basis to the Liens securing the Initial Term Loans or (C) unsecured or not secured by all or any portion of the Collateralunsecured.
Appears in 1 contract
Sources: Credit Agreement (CONDUENT Inc)
Incremental Commitments. The Borrower may, may at any time or from time to time after the Closing Date, by notice from the Borrower to the Administrative Agent (an “Incremental Loan Facility Request”), request (Ax) one or more new commitments in respect to term loans (each, an “Incremental Term Facility”) which may be in the same Facility as any outstanding Term Loans of an existing Class of Term Loans (a “Term Loan Increase”) or a new Class of Term Loans (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments” and the term loans thereunder, “Incremental Term Loans”) and/or and (By) one or more increases new commitments in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or the establishment of one or more new respect to revolving credit commitments loans (each, an “Incremental Revolving Facility” and collectively with ”) which may be in the same Facility as any Incremental Term Facility, outstanding Revolving Loans of an existing Class of Revolving Loans (a “Incremental Facility” and any such Revolving Loan Increase”) or a new commitments, Class of Revolving Loans (collectively with any Revolving Commitment IncreasesLoan Increase, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitmentsrevolving loans thereunder, the “Incremental CommitmentsRevolving Loans”), whereupon the Administrative Agent shall promptly deliver a copy of such Incremental Facility Request to each of the Lenders. Lenders (except to those Lenders (if any) the Borrower has notified the Administrative Agent that it does not intend to approach for Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior lien basis to the Liens securing the Initial Term Loans or (C) unsecured or not secured by all or any portion of the CollateralCommitments).
Appears in 1 contract
Incremental Commitments. The Borrower may, at any time or from time to time after the date on which the Escrow Condition has been satisfied (or, solely in connection with permitted acquisitions to be financed with proceeds of Incremental Facilities using only the Incremental Base Amount, the Closing Date), by notice to the Administrative Agent (an “Incremental Loan Request”), request (A) one or more new commitments (which may be in the form of delayed draw commitments) which may be in the same Facility as any outstanding Term A Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term Loans (each, an “Incremental Term Facility,” collectively with any Term Loan Increase, the “Incremental Term Commitments”) and/or (B) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with any Revolving Commitment Increases, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments and Incremental Loans shall Facilities may be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior lien basis to the Liens securing the Initial Term Loans or (C) unsecured or not secured by all or any portion of the Collateralunsecured.
Appears in 1 contract
Sources: Credit Agreement (Eventbrite, Inc.)
Incremental Commitments. The Borrower mayBorrowermay, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental an“Incremental Loan Request”), request (A) one or more new commitments which may be in the same Facility sameFacility as any outstanding Term Loans of an existing Class (a “Term Loan Increase”) or a new Class of Term ofTerm Loans (each, an “Incremental Term Facility,” ”, collectively with any Term Loan Increase, the “Incremental the“Incremental Term Commitments”) and/or (B) one or more increases in the amount of the Revolving Credit RevolvingCredit Commitments of any Class or any Incremental Revolving Facility (a “Revolving Commitment IncreaseCommitmentIncrease”) or the establishment of one or more new revolving credit commitments (each, an “Incremental an“Incremental Revolving Facility” and collectively with any Incremental Term Facility, an “Incremental FacilityIncrementalFacility” and any such new commitments, collectively with any Revolving Commitment Increases, the “Incremental the“Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, ,collectively with any Incremental Term Commitments, the “Incremental Commitments”), whereupon the whereuponthe Administrative Agent shall promptly deliver a copy to each of the Lenders. The Incremental Commitments and Incremental Loans shall Facilitiesshall be (A) secured by the Collateral on a pari passu basis with the Liens securing the Initial Term LoansTermLoans, (B) secured by the Collateral on a junior lien Lien basis to the Liens securing the Initial Term Loans or (Cor(C) unsecured or not secured by all or any portion of the Collateral.unsecured.(b)
Appears in 1 contract
Incremental Commitments. The Borrower may, at any time or from time to time after the Closing Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request (A) one or more new commitments (which may be in the form of delayed draw commitments) in respect of term loans which may be in the same Facility (each, an “Incremental Term Facility”) as any outstanding Term Loans of an existing Class of Term Loans (a “Term Loan Increase”) or a new Class of Term Loans tTerm lLoans (each, an “Incremental Term Facility,” and, collectively with any Term Loan Increase, the “Incremental Term Commitments”) and/or (B) one or more increases in the amount of the Revolving Credit Commitments or any Incremental Revolving Facility (a “Revolving Commitment Increase”) or the establishment of one or more new revolving credit commitments (each, an “Incremental Revolving Facility” and and, collectively with any Incremental Term Facility, an “Incremental Facility” and any such new commitments, collectively with any Revolving Commitment Increases, the “Incremental Revolving Credit Commitments” and the Incremental Revolving Credit Commitments, collectively with any anythe Incremental Term Commitments, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy of such Incremental Loan Request to each of the Lenders. Incremental Commitments and Incremental Loans shall be (A) secured by the Collateral on a pari passu an equal priority basis (without giving effect to the control of remedies) with the Liens securing the Initial Term Loans, (B) secured by the Collateral on a junior lien basis to the Liens securing the Initial Term Loans or (C) unsecured or not secured by all or any portion of the Collateral.
Appears in 1 contract