Common use of Incremental Loans Clause in Contracts

Incremental Loans. On the applicable date (each, an “Incremental Facility Closing Date”) specified in any Incremental Amendment (including through any Term Loan Increase or Incremental Revolving Credit Commitments, as applicable), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) (A) each Incremental Term Lender of such Class shall make a Loan to the Borrower (an “Incremental Term Loan”) in an amount equal to its Incremental Term Commitment of such Class and (B) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto and (ii) (A) each Incremental Revolving Credit Lender shall make its Commitment available to the Borrower in an amount equal to its Incremental Revolving Credit Commitment and (B) each Incremental Revolving Credit Lender shall become a Lender hereunder with respect to the Incremental Revolving Credit Commitment and the Revolving Credit Loans made pursuant thereto.

Appears in 2 contracts

Sources: First Amendment to Credit Agreement (Portillo's Inc.), First Amendment to Credit Agreement (Portillo's Inc.)

Incremental Loans. On the applicable date (each, an “Incremental Facility Closing Date”) specified in any Incremental Amendment (including through any Term Loan Increase or Incremental Revolving Credit CommitmentsIncrease, as applicable), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) (A) each Incremental Term Lender of such Class shall make a Loan to the Borrower (an “Incremental Term Loan”) in an amount equal to its Incremental Term Commitment of such Class and (B) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto and (ii) (A) each Incremental Revolving Credit Lender of such Class shall make its Commitment available to the Borrower (when borrowed, an “Incremental Revolving Loan” and collectively with any Incremental Term Loan, an “Incremental Loan”) in an amount equal to its Incremental Revolving Credit Commitment of such Class and (B) each Incremental Revolving Credit Lender of such Class shall become a Lender hereunder with respect to the Incremental Revolving Credit Commitment of such Class and the Incremental Revolving Credit Loans of such Class made pursuant thereto.

Appears in 2 contracts

Sources: First Lien Credit Agreement (Portillo's Inc.), First Lien Credit Agreement (Portillo's Inc.)

Incremental Loans. On the applicable date (each, an “Incremental Facility Closing Date”) specified in any Incremental Amendment (including through any Term Loan Increase or Incremental Revolving Credit Commitments, as applicable)Amendment, subject to the satisfaction of the terms and conditions in this Section 2.142.18 and in the applicable Incremental Amendment, (i) (A) each Incremental Term Lender of such Class shall make a an Incremental Term Loan to the Borrower (an “Incremental Term Loan”) in an amount equal to its Incremental Term Commitment of such Class and (B) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto and (ii) (A) each Incremental Revolving Credit Lender of such Class shall make its Commitment available to the Borrower in an amount equal to its Incremental Revolving Credit Commitment of such Class and (B) each Incremental Revolving Credit Lender of such Class shall become a Lender hereunder with respect to the Incremental Revolving Credit Commitment of such Class and the Incremental Revolving Credit Loans of such Class made pursuant thereto.. (c)

Appears in 2 contracts

Sources: Credit Agreement (Mercury Systems Inc), Credit Agreement (Mercury Systems Inc)

Incremental Loans. On the applicable date (each, an “Incremental Facility Closing Date”) specified in any Incremental Amendment (including through any Term Loan Increase or Incremental Revolving Credit Commitments, as applicable)Amendment, subject to the satisfaction of the terms and conditions in this Section 2.142.18 and in the applicable Incremental Amendment, (i) (A) each Incremental Term Lender of such Class shall make a an Incremental Term Loan to the Borrower (an “Incremental Term Loan”) in an amount equal to its Incremental Term Commitment of such Class and (B) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto and (ii) (A) each Incremental Revolving Credit Lender of such Class shall make its Commitment available to the Borrower in an amount equal to its Incremental Revolving Credit Commitment of such Class and (B) each Incremental Revolving Credit Lender of such Class shall become a Lender hereunder with respect to the Incremental Revolving Credit Commitment of such Class and the Incremental Revolving Credit Loans of such Class made pursuant thereto.

Appears in 2 contracts

Sources: Credit Agreement (Mercury Systems Inc), Credit Agreement (Mercury Systems Inc)

Incremental Loans. Any Incremental Commitments effected through the establishment of commitments under an existing Facility under this Agreement or new Term Loans or Revolving Loans made on an Incremental Closing Date shall be designated a separate Class of Incremental Commitments for all purposes of this Agreement, except in the case of a Term Loan Increase or a Revolving Loan Increase, as applicable. On the applicable date (each, an “Incremental Facility Closing Date”) specified in any Incremental Amendment Closing Date on which any Incremental Commitments of any Class are effected (including through any Term Loan Increase or Incremental Revolving Credit Commitments, as applicableLoan Increase), subject to the satisfaction of the terms and conditions in this Section 2.142.12, (i) (A) each Incremental Term Lender of such Class shall make a Loan to the Borrower (an “Incremental Term Loan”) in an amount equal to its Incremental Term Commitment of such Class and (B) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto and (ii) (A) each Incremental Revolving Credit Lender shall make its Commitment available to the Borrower in an amount equal to its Incremental Revolving Credit Commitment and (B) each Incremental Revolving Credit Lender of such Class shall become a Lender hereunder with respect to the Incremental Revolving Credit Commitment of such Class and the Incremental Revolving Credit Loans of such Class made pursuant thereto. Notwithstanding the foregoing, Incremental Term Loans and Incremental Revolving Loans, as applicable, may have identical terms to any of the Term Loans or any of the Revolving Loans, as applicable, and be treated as the same Class as any of such Term Loans or Revolving Loans, as applicable. The Incremental Term Loans shall be funded net of the OID applicable thereto, if any.

Appears in 1 contract

Sources: Credit Agreement (Venture Global, Inc.)

Incremental Loans. On Any Incremental Term Loans to the applicable date (each, extent effected through the establishment of one or more new Term Loans made on an Incremental Facility Closing Date”) specified in any Date shall be designated a separate Class of Incremental Amendment (including through any Term Loans for all purposes of this Agreement. Any Term Loan Increase or shall be effected pursuant to an increase in, and as part of, an existing Class of Term Loans. On any Incremental Revolving Credit Commitments, Facility Closing Date on which any Incremental Term Commitments of any Class are effected (including as applicablean increase to an existing Class of Term Loans pursuant to a Term Loan Increase), subject to the satisfaction (or waiver) of the terms and conditions in this Section 2.142.23, (i) (A) each Incremental Term Lender of such Class shall make a Loan to the Borrower (an “Incremental Term Loan” or an “Incremental Loan”) in an amount equal to its Incremental Term Commitment of such Class and (Bii) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto and (ii) (A) each Incremental Revolving Credit Lender shall make its Commitment available to the Borrower in an amount equal to its Incremental Revolving Credit Commitment and (B) each Incremental Revolving Credit Lender shall become a Lender hereunder with respect to the such Incremental Revolving Credit Term Commitment and the Revolving Credit Incremental Term Loans made pursuant thereto. For the avoidance of doubt, Incremental Term Loans may (and any Incremental Term Loans effected pursuant to a Term Loan Increase shall) have identical terms to any of the Term Loans and be treated as the same Class as any of such Term Loans for all purposes herein.

Appears in 1 contract

Sources: Second Lien Credit Agreement (EVO Payments, Inc.)

Incremental Loans. On Any Incremental Loans effected through the applicable date establishment of one or more new Classes of one or more new Loans (each, excluding through any Loan Increase) made on an Incremental Facility Closing Date”) specified in Date shall be designated a separate Class of Loans for all purposes of this Agreement unless otherwise agreed by the Borrowing Agent and the Administrative Agent. On any Incremental Amendment Facility Closing Date on which any Incremental Commitments of any Class are effected (including through any Term Loan Increase or Incremental Revolving Credit Commitments, as applicableIncrease), subject to the satisfaction (or waiver) of the terms and conditions in this Section 2.143.6, (i) (A) each Incremental Term Lender of with an Incremental Commitment that becomes effective on such Class date shall make a Loan provide Incremental Loans to the Borrower (an “Incremental Term Loan”) Borrowers in an amount equal to its the Incremental Term Commitment of such Class Lender that becomes effective on such date and (Bii) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto thereto. Notwithstanding the foregoing, Incremental Loans may have identical terms to any of the Loans and (ii) (A) each Incremental Revolving Credit Lender shall make its Commitment available to be treated as the Borrower in an amount equal to its Incremental Revolving Credit Commitment and (B) each Incremental Revolving Credit Lender shall become a Lender hereunder with respect to the Incremental Revolving Credit Commitment and the Revolving Credit Loans made pursuant theretosame Class as any of such Loans.

Appears in 1 contract

Sources: Term Loan Credit Agreement (Construction Partners, Inc.)

Incremental Loans. On the applicable effective date (each, an “Incremental Facility Closing Date”) specified in any Incremental Amendment (including through any Term Loan Increase or Incremental Revolving Credit CommitmentsCommitment Increase, as applicable), subject to the satisfaction of the terms and conditions in this Section 2.142.24 and in the applicable Incremental Amendment, (i) (A) each Incremental Term Lender of such Class shall make a Loan to the Borrower Borrower(s) (an “Incremental Term Loan”) in an amount equal to its Incremental Term Commitment of such Class and (B) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto and (ii) (A) each Incremental Revolving Credit Lender of such Class shall make its Commitment available to the Borrower Borrowers (when borrowed, an “Incremental Revolving Loan” and collectively with any Incremental Term Loan, an “Incremental Loan”) in an amount equal to its Revolving Commitment Increase of such Class or Incremental Revolving Credit Commitment of such Class, as applicable, and (B) each Incremental Revolving Credit Lender of such Class shall become a Lender hereunder with respect to the Incremental Revolving Credit Commitment and the Revolving Credit Loans made pursuant thereto.Revolving

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Priority Technology Holdings, Inc.)

Incremental Loans. On the applicable effective date (each, an “Incremental Facility Closing Date”) specified in any Incremental Amendment (including through any Term Loan Increase or Incremental Revolving Credit CommitmentsCommitment Increase, as applicable), subject to the satisfaction of the terms and conditions in this Section 2.142.24 and in the applicable Incremental Amendment, (i) (A) each Incremental Term Lender of such Class shall make a Loan to the Borrower Borrower(s) (an “Incremental Term Loan”) in an amount equal to its Incremental Term Commitment of such Class and (B) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto and (ii) (A) each Incremental Revolving Credit Lender of such Class shall make its Commitment available to the Borrower Borrowers (when borrowed, an “Incremental Revolving Loan” and collectively with any Incremental DOC ID - 36220401.1 Term Loan, an “Incremental Loan”) in an amount equal to its Incremental Revolving Credit Commitment Increase of such Class and (B) each Incremental Revolving Credit Lender of such Class shall become a Lender hereunder with respect to the Revolving Commitment Increase of such Class and the Incremental Revolving Credit Commitment and the Revolving Credit Loans of such Class made pursuant thereto.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Priority Technology Holdings, Inc.)

Incremental Loans. On Any Incremental Loans effected through the applicable date establishment of one or more new term loans or revolving loans made on any Incremental Facility Closing Date shall be designated either as a separate Class of Incremental Loans for all purposes of this Agreement or as a Term Loan Increase (eachin each case, an “Incremental Facility”). On any Incremental Facility Closing Date”) specified in Date on which any Incremental Amendment Commitments of any Class are effected (including through any Term Loan Increase or Incremental Revolving Credit Commitments, as applicableIncrease), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) (A) each Incremental Term Lender of such Class shall make a Loan to the Borrower (an any loans established pursuant to this Section 2.14 as a new Class of term loans, “Incremental Term LoanLoans”, any loans established pursuant to this Section 2.14 as a new Class of revolving loans, “Incremental Revolving Loans” and collectively, “Incremental Loans”) in an amount equal to its Incremental Term Commitment of such Class and (Bii) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto and (ii) (A) each Incremental Revolving Credit Lender shall make its Commitment available to the Borrower in an amount equal to its Incremental Revolving Credit Commitment and (B) each Incremental Revolving Credit Lender shall become a Lender hereunder with respect to the Incremental Revolving Credit Commitment and the Revolving Credit Loans made pursuant thereto.

Appears in 1 contract

Sources: Credit Agreement (Abacus Life, Inc.)

Incremental Loans. On the applicable date (each, an “Incremental Facility Closing Date”) specified in any Incremental Amendment (including through any Term Loan Increase or Incremental Revolving Credit Commitments, as applicable), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) (A) each Incremental Term Lender of such Class shall make a Loan to the Borrower (an “Incremental Term Loan”) in an amount equal to its Incremental Term Commitment of such Class and (B) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term CHAR1\1970297v6 Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto and (ii) (A) each Incremental Revolving Credit Lender shall make its Commitment available to the Borrower in an amount equal to its Incremental Revolving Credit Commitment and (B) each Incremental Revolving Credit Lender shall become a Lender hereunder with respect to the Incremental Revolving Credit Commitment and the Revolving Credit Loans made pursuant thereto.

Appears in 1 contract

Sources: Credit Agreement (Portillo's Inc.)

Incremental Loans. On Any Incremental Commitments effected through the applicable date (each, establishment of one or more new revolving credit commitments or new Term Loans not in the same Facility of any existing Class of Loans made on an Incremental Facility Closing Date”) specified in Date shall be designated a separate Class of Incremental Commitments for all purposes of this Agreement. On any Incremental Amendment Facility Closing Date on which any Incremental Commitments of any Class are effected (including through any Term Loan Increase or Incremental Revolving Credit Commitments, as applicableIncrease), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) (A) each Incremental Term Lender of such Class shall make a Loan to the Borrower (or any Loan Party organized under the laws of the United States, any state thereof or the District of Columbia, may be designated as a borrower in respect thereof so long as all obligors under such Incremental Commitments are the same as with respect to the Loans hereunder) (an “Incremental Term Loan”) in an amount equal to its Incremental Term Commitment of such Class and (Bii) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto thereto. Notwithstanding the foregoing, Incremental Term Loans may have identical terms to any of the Loans and (ii) (A) each Incremental Revolving Credit Lender shall make its Commitment available to be treated as the Borrower in an amount equal to its Incremental Revolving Credit Commitment and (B) each Incremental Revolving Credit Lender shall become a Lender hereunder with respect to the Incremental Revolving Credit Commitment and the Revolving Credit Loans made pursuant theretosame Class as any of such Loans.

Appears in 1 contract

Sources: Credit Agreement (Vivint Smart Home, Inc.)

Incremental Loans. On the applicable date (each, an “Incremental Facility Closing Date”) specified in any Incremental Amendment (including through any Term Loan Increase or Incremental Revolving Credit CommitmentsCommitment Increase, as applicable), subject to the satisfaction of the terms and conditions in this Section 2.142.16 and in the applicable Incremental Amendment, (i) (A) each Incremental Term Lender of such Class shall make a Loan to the Borrower Borrowers (an “Incremental Term Loan”) in an amount equal to its Incremental Term Commitment of such Class and (B) each Incremental Term Lender of such Class shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class made pursuant thereto and (ii) (A) each Incremental Revolving Credit Lender of such Class shall make its Commitment available to the Borrower in an amount equal to its Incremental Revolving Credit Commitment and Borrowers (B) each Incremental Revolving Credit Lender shall become a Lender hereunder with respect to the Incremental Revolving Credit Commitment and the Revolving Credit Loans made pursuant thereto.when borrowed, an

Appears in 1 contract

Sources: Credit Agreement (Trinseo S.A.)