(Incremental/Extended/Refinancing Amendments Generally Sample Clauses
The Incremental/Extended/Refinancing Amendments clause defines the process by which a borrower can increase the size of an existing loan, extend its maturity, or refinance its terms under a credit agreement. Typically, this clause outlines the conditions and approvals required for such amendments, such as lender consent thresholds, documentation standards, and limitations on the amount or type of debt that can be added or modified. Its core practical function is to provide flexibility for borrowers to adjust their financing arrangements as business needs evolve, while also protecting lenders by setting clear procedures and boundaries for these changes.
(Incremental/Extended/Refinancing Amendments Generally the Borrower may obtain, from any Lender or any New Lender, Refinancing Loans in respect of all or any portion of the Term Loans (or Tranche of Term Loans) then outstanding under this Agreement (which for purposes of this Section 2.21 (Refinancing Transactions) shall be deemed to include any then outstanding Incremental/Extended/Refinancing Loans).
(Incremental/Extended/Refinancing Amendments Generally the Borrower may request, from any Lender or any New Lender, with at least 10 Business Days’ (or such shorter period as may be agreed by the Administrative Agent) prior written notice to the Administrative Agent, (i) new term loans under one or more new term loan credit facilities to be included in this Agreement (the “New Incremental Term Loan”) and/or (ii) increases in the amount of Revolving Credit Commitments (any such new commitments, collectively, the “New Incremental Revolving Commitments” and, any loans made thereunder, the “New Incremental Revolving Loans”, together with the New Incremental Term Loans, the “New Incremental Loans”), the proceeds of which, in each case, may be used for general corporate purposes (such increase of the outstanding principal amount of the Loans, a “Facility Increase”).
(Incremental/Extended/Refinancing Amendments Generally the Borrower and any Lender may agree, by at least 10 Business Days’ (or such shorter period as may be agreed by the Administrative Agent) prior written notice to the Administrative Agent (each such notice, an “Extension Notice”), to extend (an “Extension”) (i) the Revolving Credit Termination Date of such Lender’s Revolving Credit Commitments of any Tranche (any such Revolving Credit Commitment that has been so extended, any “Extended Revolving Commitment” and any credit extensions issued pursuant thereto, an “Extended Revolving Loan”) and/or (ii) the maturity date of such Lender’s Term Loans of any Tranche (any such Term Loan that has been so extended, the “Extended Term Loan”, and collectively, with the Extended Revolving Loans, the “Extended Loans”) to the extended maturity date specified in such Extension Notice and Extension Amendment.
(Incremental/Extended/Refinancing Amendments Generally the Borrower may request, from any Lender or any New Lender, with at least 10 Business Days’ (or such shorter period as may be agreed by the Administrative Agent) prior written notice to the Administrative Agent, new term loans under one or more new term loan credit facilities to be included in this Agreement (the “New Incremental Term Loan”), the proceeds of which, in each case, may be used for general corporate purposes (such increase of the outstanding principal amount of the Loans, a “Facility Increase”).