{"component": "clause", "props": {"groups": [{"size": 280, "snippet": "Any Incremental Commitments effected through the establishment of one or more new revolving credit commitments or new Term Loans not in the same Facility of any existing Class of Term Loans made on an Incremental Facility Closing Date shall be designated a separate Class of Incremental Commitments for all purposes of this Agreement. On any Incremental Facility Closing Date on which any Incremental Term Commitments of any Class are effected (including through any Term Loan Increase), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) 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, the District of Columbia or any territory thereof, may be designated as a borrower in respect thereof so long as all obligors under such Incremental Facility are the same as with respect to the Loans hereunder) (an \u201cIncremental Term Loan\u201d) in an amount equal to its Incremental Term Commitment of such Class and (ii) 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. On any Incremental Facility Closing Date on which any Incremental Revolving Credit Commitments of any Class are effected through the establishment of one or more new revolving credit commitments (including through any Revolving Commitment Increase), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) each Incremental Revolving Credit Lender of such Class shall make its Commitment available to the Borrower (or any Loan Party organized under the laws of the United States, any state thereof, the District of Columbia or any territory thereof, may be designated as a borrower in respect thereof so long as all obligors under such Incremental Facility are the same as with respect to the Loans hereunder) (when borrowed, \u201cIncremental Revolving Credit Loans\u201d and collectively with Incremental Term Loans, an \u201cIncremental Loans\u201d) in an amount equal to its Incremental Revolving Credit Commitment of such Class and (ii) 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. For the avoidance of doubt, Incremental Term Loans may have identical terms to any of the Term Loans and be treated as the same Class as any of such Term Loans.", "samples": [{"hash": "hs7oNjYpLI1", "uri": "/contracts/hs7oNjYpLI1#incremental-loans", "label": "Credit Agreement (Medline Inc.)", "score": 36.8220405579, "published": true}, {"hash": "eKjlVQT0tIv", "uri": "/contracts/eKjlVQT0tIv#incremental-loans", "label": "Credit Agreement (Medline Inc.)", "score": 36.8220405579, "published": true}, {"hash": "bwSGEnQBBoH", "uri": "/contracts/bwSGEnQBBoH#incremental-loans", "label": "Credit Agreement (Medline Inc.)", "score": 36.8220405579, "published": true}], "snippet_links": [{"key": "incremental-commitments", "type": "definition", "offset": [4, 27]}, {"key": "establishment-of", "type": "clause", "offset": [49, 65]}, {"key": "new-revolving-credit-commitments", "type": "clause", "offset": [78, 110]}, {"key": "new-term-loans", "type": "clause", "offset": [114, 128]}, {"key": "same-facility", "type": "definition", "offset": [140, 153]}, {"key": "class-of", "type": "definition", "offset": [170, 178]}, {"key": "incremental-facility-closing-date", "type": "definition", "offset": [201, 234]}, {"key": "separate-class", "type": "clause", "offset": [257, 271]}, {"key": "purposes-of-this-agreement", "type": "clause", "offset": [307, 333]}, {"key": "incremental-term-commitments", "type": "definition", "offset": [389, 417]}, {"key": "term-loan-increase", "type": "definition", "offset": [467, 485]}, {"key": "subject-to-the", "type": "clause", "offset": [488, 502]}, {"key": "satisfaction-of", "type": "clause", "offset": [503, 518]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [519, 543]}, {"key": "incremental-term-lender", "type": "definition", "offset": [575, 598]}, {"key": "loan-to-the-borrower", "type": "clause", "offset": [626, 646]}, {"key": "loan-party", "type": "clause", "offset": [655, 665]}, {"key": "laws-of-the-united-states", "type": "definition", "offset": [686, 711]}, {"key": "any-state", "type": "definition", "offset": [713, 722]}, {"key": "the-district-of-columbia", "type": "clause", "offset": [732, 756]}, {"key": "with-respect-to", "type": "clause", "offset": [906, 921]}, {"key": "loans-hereunder", "type": "clause", "offset": [926, 941]}, {"key": "equal-to", "type": "definition", "offset": [985, 993]}, {"key": "lender-hereunder", "type": "clause", "offset": [1107, 1123]}, {"key": "the-incremental-term-loans", "type": "clause", "offset": [1190, 1216]}, {"key": "incremental-revolving-credit-commitments", "type": "definition", "offset": [1308, 1348]}, {"key": "revolving-commitment-increase", "type": "definition", "offset": [1472, 1501]}, {"key": "incremental-revolving-credit-lender", "type": "definition", "offset": [1591, 1626]}, {"key": "available-to", "type": "definition", "offset": [1667, 1679]}, {"key": "incremental-revolving-credit-loans", "type": "clause", "offset": [2006, 2040]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [2442, 2468]}, {"key": "terms-to", "type": "definition", "offset": [2512, 2520]}, {"key": "the-term-loans", "type": "clause", "offset": [2528, 2542]}], "hash": "0a26dfe848d52431dab949eb6f2643d6", "id": 1}, {"size": 233, "snippet": "At any time, the Borrower may by written notice to the Administrative Agent elect to request the establishment of:\n(a) one or more incremental term loan commitments (any such incremental term loan commitment, an \u201cIncremental Term Loan Commitment\u201d) to (i) increase the outstanding principal amount of the outstanding Term Loans or (ii) establish one or more additional term loan tranches (any such increase or additional term loan, an \u201cIncremental Term Loan\u201d); or\n(b) one or more increases in the Revolving Credit Commitments (any such increase, an \u201cIncremental Revolving Credit Commitment\u201d and, together with the Incremental Term Loan Commitments, the \u201cIncremental Loan Commitments\u201d) to make revolving credit loans under the Revolving Credit Facility (any such increase, an \u201cIncremental Revolving Credit Increase\u201d and, together with the Incremental Term Loans, the \u201cIncremental Loans\u201d); provided that (i) the total aggregate principal amount for all such Incremental Loan Commitments shall not (as of any date of incurrence thereof) exceed the Incremental Cap and (ii) the total aggregate principal amount for each Incremental Loan Commitment (and the Incremental Loans made thereunder) shall not be less than a minimum principal amount of $5,000,000 or, if less, the remaining amount permitted pursuant to the foregoing clause (i). Each such notice shall specify the date (each, an \u201cIncreased Amount Date\u201d) on which the Borrower proposes that any Incremental Loan Commitment shall be effective, which shall be a date not less than twenty (20) Business Days after the date on which such notice is delivered to Administrative Agent. The Borrower shall invite existing Lenders and may invite any Affiliate of any Lender and/or any Approved Fund, and/or any other Person approved by the Administrative Agent (such approval not to be unreasonably withheld, conditioned or delayed), to provide an Incremental Loan Commitment (any such Person, an \u201cIncremental Lender\u201d); provided that both the Swingline Loan Lender and the Issuing Lender shall each approve each Incremental Lender providing any portion of an Incremental Revolving Credit Commitment (such approval not to be unreasonably withheld, conditioned or delayed). Any proposed Incremental Lender offered or approached to provide all or a portion of any Incremental Loan Commitment may elect or decline, in its sole discretion, to provide such Incremental Loan Commitment. No Loan or Commitment of any Lender shall be increased without the consent of such Lender, and none of the Lead Arrangers and/or their Affiliates shall have any obligation to arrange any Incremental Loans without its prior written agreement. Any Incremental Loan Commitment shall become effective as of such Increased Amount Date; provided that:\n(i) no Potential Default or Event of Default shall exist on such Increased Amount Date before or after giving effect to (1) any Incremental Loan Commitment, (2) the making of any Incremental Loans pursuant thereto and (3) any Permitted Acquisition consummated in connection therewith; provided that in connection with a requested borrowing of any Incremental Term Loan for the express purposes of funding, in whole or in part, the purchase price of a Permitted Acquisition that is a Limited Condition Transaction, the condition of this clause (i) shall be (x) no Potential Default or Event of Default exists or would exist at the time a binding purchase agreement for such transaction is entered into by the applicable Loan Party and (y) the absence of a Specified Event of Default at the time of and after giving effect to the consummation of such Limited Condition Transaction;\n(ii) the Administrative Agent and the Lenders shall have received from the Borrower a Compliance Certificate demonstrating, in form and substance reasonably satisfactory to the Administrative Agent, that the Borrower is in compliance with the financial covenants specified in Sections 9.12 and 9.13, in each case based on the financial statements most recently delivered pursuant to Section 8.11(a) or 8.11(b), as applicable, both before and after giving effect (on a Pro Forma Basis) to (x) any Incremental Loan Commitment, (y) the making of any Incremental Loans pursuant thereto (with any Incremental Loan Commitment being deemed to be fully drawn) and (z) any Permitted Acquisition consummated in connection therewith;\n(iii) each of the representations and warranties contained in Article 6 shall be true and correct in all material respects, except to the extent any such representation and warranty is qualified by materiality or reference to Material Adverse Change, in which case, such representation and warranty shall be true, correct and complete in all respects, on such Increased Amount Date (regardless of whether the Incremental Loan Commitments, as applicable, are actually drawn on the Increased Amount Date) with the same effect as if made on and as of such date (except for any such representation and warranty that by its terms is made only as of an earlier date, which representation and warranty shall remain true and correct as of such earlier date); provided that in connection with a requested borrowing of any Incremental Term Loan for the sole express purpose of financing in whole or in part the purchase price for a Limited Condition Transaction, (i) such representations and warranties shall be true and correct in all material respects (except to the extent any such representation and warranty is qualified by materiality or reference to Material Adverse Change, in which case, such representation and warranty shall be true, correct and complete in all respects) on and as of the date of effectiveness of the definitive purchase agreement for such Limited Condition Transaction and (ii) the representations and warranties required to be correct and accurate at the time of the closing of such Limited Condition Transaction and funding of any applicable Incremental Term Loan will be limited to the Specified Representations;\n(iv) the proceeds of any Incremental Loans shall be used for general corporate purposes of the Borrower and its Subsidiaries (including Permitted Acquisitions);\n(v) any proposed Incremental Lender shall join this Agreement as a Lender pursuant to a Lender Joinder Agreement;\n(vi) each Incremental Loan Commitment (and the Incremental Loans made thereunder) shall constitute Obligations of the Borrower and shall be secured and guaranteed with the other Obligations on a pari passu basis;\n(1) in the case of each Incremental Term Loan:\n(I) such Incremental Term Loan will mature and amortize in a manner reasonably acceptable to the Administrative Agent, the Incremental Lenders making such Incremental Term Loan and the Borrower, but will not in any event have a shorter weighted average life to maturity than the remaining weighted average life to maturity (as reasonably determined by the Administrative Agent) of the initial Term Loans or a maturity date earlier than the Term Loan Maturity Date;\n(II) the Applicable Margin and pricing grid, if applicable, for such Incremental Term Loan shall be determined by the Administrative Agent, the applicable Incremental Lenders and the Borrower on the applicable Increased Amount Date;\n(III) any Incremental Lender making any Incremental Term Loan shall be entitled to the same voting rights as the existing Lenders under the Term Loan Facility and (unless otherwise agreed by the applicable Incremental Lenders; provided that no such agreement shall allow the Incremental Term Loans to be prepaid prior to the initial Term Loans) each Incremental Term Loan shall receive proceeds of prepayments on the same basis as the initial Term Loans (such prepayments to be shared pro rata on the basis of the original aggregate funded amount thereof); and\n(IV) except as provided above, all other terms and conditions applicable to such Incremental Term Loan shall, except to the extent otherwise provided in this Section 5.17, be identical to the terms and conditions applicable to the initial Term Loans;\n(2) in the case of each Incremental Revolving Credit Increase:\n(I) such Incremental Revolving Credit Increase shall be part of the Revolving Credit Facility, shall mature on the Expiration Date, shall bear interest and be entitled to fees, in each case at the rate applicable to the Revolving Credit Facility, and shall otherwise be subject to the same terms and conditions as the Revolving Credit Facility (other than with respect to the payment of any upfront and/or arrangement fees in connection with the establishment thereof);\n(II) any Incremental Lender making any Incremental Revolving Credit Increase shall be entitled to the same voting rights as the existing Lenders under the Revolving Credit Facility and (unless otherwise agreed by the applicable Incremental Lenders; provided that no such agreement shall allow the Revolving Credit Commitments with respect to the Incremental Revolving Credit Increase to be terminated prior to termination of the existing Revolving Credit Commitments) each Revolving Credit Loan funded by an Incremental Revolving Credit Increase shall receive proceeds of prepayments on the same basis as the existing Revolving Credit Loans (such prepayments to be shared pro rata on the basis of the original aggregate funded amount thereof); and\n(III) the outstanding Revolving Credit Loans and Ratable Shares of Swingline Loans and Letter of Credit Obligations will be reallocated by the Administrative Agent on the applicable Increased Amount Date among the Lenders to the Revolving Credit Facility (including the Incremental Lenders providing such Incremental Revolving Credit Increase) in accordance with their revised Ratable Shares (and the Lenders to the Revolving Credit Facility (including the Incremental Lenders providing such Incremental Revolving Credit Increase) agree to make all payments and adjustments necessary to effect such reallocation and the Borrower shall pay any and all costs required).\n(3) Incremental Loan Commitments shall be effected pursuant to such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section 5.17, without the consent of any other Lenders; and\n(4) the Borrower shall deliver or cause to be delivered any customary legal opinions or other documents (including, without limitation, a resolution duly adopted by the board of directors (or equivalent governing body) of each Loan Party authorizing such Incremental Loans and/or Incremental Loan Commitments) reasonably requested by Administrative Agent in connection with any such transaction.\n(c) The Incremental Lenders shall be included in any determination of the Required Lenders and, unless otherwise agreed, the Incremental Lenders will not constitute a separate voting class for any purposes under this Agreement.\n(d) On any Increased Amount Date on which any Incremental Term Loan Commitment becomes effective, subject to the foregoing terms and conditions, each Incremental Lender with an Incremental Term Loan Commitment shall make, or be obligated to make, an Incremental Term Loan to the Borrower in an amount equal to its Incremental Term Loan Commitment and shall become a Lender hereunder with respect to such Incremental Term Loan Commitment and the Incremental Term Loan made pursuant thereto.\n(e) On any Increased Amount Date on which any Incremental Revolving Credit Increase becomes effective, subject to the foregoing terms and conditions, each Incremental Lender with an Incremental Revolving Credit Commitment shall become a Lender under the Revolving Credit Facility hereunder with respect to such Incremental Revolving Credit Commitment.", "samples": [{"hash": "jqEnvpOuyva", "uri": "/contracts/jqEnvpOuyva#incremental-loans", "label": "Credit Agreement (Cadre Holdings, Inc.)", "score": 32.6988372803, "published": true}, {"hash": "6BtQ7LN8Eim", "uri": "/contracts/6BtQ7LN8Eim#incremental-loans", "label": "Credit Agreement (Cadre Holdings, Inc.)", "score": 32.5674209595, "published": true}], "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [0, 11]}, {"key": "notice-to-the-administrative-agent", "type": "clause", "offset": [41, 75]}, {"key": "to-request", "type": "clause", "offset": [82, 92]}, {"key": "establishment-of", "type": "clause", "offset": [97, 113]}, {"key": "incremental-term-loan-commitments", "type": "definition", "offset": [131, 164]}, {"key": "outstanding-principal-amount", "type": "clause", "offset": [268, 296]}, {"key": "outstanding-term-loans", 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"type": "definition", "offset": [1987, 2008]}, {"key": "the-issuing-lender", "type": "clause", "offset": [2013, 2031]}, {"key": "a-portion", "type": "definition", "offset": [2288, 2297]}, {"key": "sole-discretion", "type": "clause", "offset": [2362, 2377]}, {"key": "no-loan", "type": "definition", "offset": [2424, 2431]}, {"key": "consent-of", "type": "clause", "offset": [2491, 2501]}, {"key": "the-lead-arrangers", "type": "clause", "offset": [2527, 2545]}, {"key": "obligation-to", "type": "clause", "offset": [2585, 2598]}, {"key": "written-agreement", "type": "definition", "offset": [2647, 2664]}, {"key": "become-effective", "type": "clause", "offset": [2704, 2720]}, {"key": "default-shall", "type": "definition", "offset": [2807, 2820]}, {"key": "after-giving", "type": "clause", "offset": [2867, 2879]}, {"key": "acquisition-consummated", "type": "clause", "offset": [3006, 3029]}, {"key": "in-connection-with", "type": "clause", "offset": [3069, 3087]}, {"key": "the-purchase-price", 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"remaining-weighted-average-life", "type": "definition", "offset": [6822, 6853]}, {"key": "the-initial-term-loans", "type": "clause", "offset": [6924, 6946]}, {"key": "a-maturity-date", "type": "definition", "offset": [6950, 6965]}, {"key": "term-loan-maturity-date", "type": "definition", "offset": [6983, 7006]}, {"key": "applicable-margin", "type": "definition", "offset": [7017, 7034]}, {"key": "pricing-grid", "type": "definition", "offset": [7039, 7051]}, {"key": "if-applicable", "type": "definition", "offset": [7053, 7066]}, {"key": "loan-shall", "type": "definition", "offset": [7094, 7104]}, {"key": "voting-rights", "type": "clause", "offset": [7333, 7346]}, {"key": "the-term-loan-facility", "type": "definition", "offset": [7377, 7399]}, {"key": "agreed-by", "type": "definition", "offset": [7422, 7431]}, {"key": "loans-to", "type": "clause", "offset": [7533, 7541]}, {"key": "prior-to-the", "type": "clause", "offset": [7553, 7565]}, {"key": "on-the-same-basis", "type": "definition", "offset": [7651, 7668]}, {"key": "pro-rata", "type": "definition", "offset": [7726, 7734]}, {"key": "basis-of", "type": "clause", "offset": [7742, 7750]}, {"key": "the-original", "type": "definition", "offset": [7751, 7763]}, {"key": "aggregate-funded-amount", "type": "definition", "offset": [7764, 7787]}, {"key": "terms-and-conditions-applicable-to", "type": "clause", "offset": [7843, 7877]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [7990, 8014]}, {"key": "expiration-date", "type": "definition", "offset": [8231, 8246]}, {"key": "rate-applicable", "type": "clause", "offset": [8313, 8328]}, {"key": "subject-to-the", "type": "clause", "offset": [8386, 8400]}, {"key": "same-terms-and-conditions", "type": "definition", "offset": [8401, 8426]}, {"key": "with-respect-to", "type": "clause", "offset": [8472, 8487]}, {"key": "payment-of", "type": "clause", "offset": [8492, 8502]}, {"key": "arrangement-fees", "type": "clause", "offset": [8522, 8538]}, {"key": "existing-revolving-credit-commitments", "type": "clause", "offset": [9015, 9052]}, {"key": "existing-revolving-credit-loans", "type": "definition", "offset": [9195, 9226]}, {"key": "outstanding-revolving-credit", "type": "definition", "offset": [9344, 9372]}, {"key": "shares-of", "type": "clause", "offset": [9391, 9400]}, {"key": "swingline-loans", "type": "clause", "offset": [9401, 9416]}, {"key": "letter-of-credit-obligations", "type": "definition", "offset": [9421, 9449]}, {"key": "in-accordance-with", "type": "definition", "offset": [9678, 9696]}, {"key": "agree-to", "type": "clause", "offset": [9865, 9873]}, {"key": "payments-and-adjustments", "type": "clause", "offset": [9883, 9907]}, {"key": "all-costs", "type": "definition", "offset": [9981, 9990]}, {"key": "pursuant-to-such", "type": "clause", "offset": [10053, 10069]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [10089, 10127]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [10222, 10248]}, {"key": "other-lenders", "type": "clause", "offset": [10282, 10295]}, {"key": "legal-opinions", "type": "definition", "offset": [10371, 10385]}, {"key": "other-documents", "type": "definition", "offset": [10389, 10404]}, {"key": "without-limitation", "type": "clause", "offset": [10417, 10435]}, {"key": "by-the-board-of-directors", "type": "clause", "offset": [10463, 10488]}, {"key": "or-equivalent", "type": "definition", "offset": [10490, 10503]}, {"key": "governing-body", "type": "clause", "offset": [10504, 10518]}, {"key": "each-loan-party", "type": "definition", "offset": [10523, 10538]}, {"key": "requested-by", "type": "definition", "offset": [10622, 10634]}, {"key": "the-required-lenders", "type": "clause", "offset": [10767, 10787]}, {"key": "a-separate", "type": "definition", "offset": [10862, 10872]}, {"key": "voting-class", "type": "definition", "offset": [10873, 10885]}, {"key": "loan-to-the-borrower", "type": "clause", "offset": [11192, 11212]}, {"key": "equal-to", "type": "definition", "offset": [11226, 11234]}, {"key": "lender-hereunder", "type": "clause", "offset": [11291, 11307]}], "hash": "f58cf94236c409dcbedb2077174fee86", "id": 2}, {"size": 105, "snippet": "(a) The Borrower may, by written notice to the Administrative Agent from time to time after the Acquisition Date, request (x) Incremental Term Loan Commitments from one or more Incremental Term Lenders, all of which must be Eligible Assignees and (y) Incremental Revolving Credit Commitments from one or more Incremental Revolving Lenders; provided that the aggregate amount of Incremental Term Loans and/or Incremental Revolving Credit Commitments so requested by the Borrower shall not exceed (i) the Incremental Loans Amount plus (ii) an additional amount if, at the time of (and after giving pro forma effect at such time to) the incurrence of such Incremental Term Loan Commitments and/or Incremental Revolving Credit Commitments and the application of proceeds therefrom, the Senior Secured Net Leverage Ratio is equal to or less than 3.75 to 1.00 (assuming all such Incremental Term Loan Commitments and/or Incremental Revolving Credit Commitments were secured by the Borrower on a first lien basis, whether or not so secured, and all such Incremental Term Loan Commitments and/or Incremental Revolving Credit Commitments were fully drawn on such date, whether or not so drawn). Such notice shall set forth (i) the amount of the Incremental Loan Commitments being requested (which shall be in minimum increments of $1,000,000 and a minimum amount of $5,000,000 or such lesser amount equal to the remaining Incremental Loans Amount with respect to Incremental Term Loan Commitments), (ii) the date on which such Incremental Loan Commitments are requested to become effective (which shall not be less than 10 Business Days nor more than 60 days after the date of such notice) (the \u201cIncrease Effective Date\u201d) and (iii) with respect to Incremental Term Loan Commitments, whether such Incremental Term Loan Commitments are commitments to make additional Term Loans or commitments to make term loans with terms different from the Term Loans (\u201cOther Term Loans\u201d).\n(b) The Borrower may seek Incremental Loan Commitments from existing Lenders (each of which shall be entitled to agree or decline to participate in its sole discretion) and additional banks, financial institutions and other institutional lenders who will become Incremental Loan Lenders in connection therewith. The Borrower and each Incremental Loan Lender shall execute and deliver to the Administrative Agent an Incremental Loan Assumption Agreement and such other documentation as the Administrative Agent shall reasonably specify to evidence the Incremental Loan Commitment of each Incremental Loan Lender. The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Incremental Loan Assumption Agreement. Each of the parties hereto hereby agrees that, upon the effectiveness of any Incremental Loan Assumption Agreement, this Agreement shall be deemed amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Incremental Loan Commitment and the Incremental Loans evidenced thereby, and the Administrative Agent and the Borrower may revise this Agreement to evidence such amendments (without the consent of any other Lender); provided that:\n(i) the Incremental Revolving Credit Commitments shall be implemented as an increase to the Revolving Credit Commitments and the terms of the Incremental Revolving Credit Commitments and Incremental Revolving Loans shall be identical to the Revolving Credit Commitments and the Revolving Loans;\n(ii) the terms and provisions of the Incremental Term Loans shall be identical to those of the Term Loans, except, in the case of Other Term Loans, as to maturity, interest rates, fees, amortization and call protection (which shall be subject to the following clauses (v) through (z)) and except as otherwise agreed by the Borrower and the Administrative Agent; provided that unless otherwise agreed by the Required Lenders, (v) the final maturity date of any Other Term Loans shall be no earlier than the Term Loan Maturity Date, (w) the weighted average life to maturity of the Other Term Loans shall be no shorter than the weighted average life to maturity of the Term Loans, (x) if the All-in Yield on such Other Term Loans exceeds the All-in Yield applicable to Eurodollar Term Loans, by more than 50 basis points (the amount of such excess above 50 basis points being referred to herein as the \u201cYield Differential\u201d), then the Applicable Margin then in effect for Term Loans shall automatically be increased by the Yield Differential, effective upon the making of the Other Term Loans, (y) the Other Term Loans shall benefit from the same Guarantees as those of the Term Loans and (z) the ranking of the Other Term Loans shall, as determined by the Borrower (1) rank pari passu or junior with the Credit Facilities in right of payment and (2) be unsecured or secured by the Collateral on a pari passu or junior basis with the Credit Facilities (and, to the extent subordinated in right of payment or security to the Credit Facilities, shall be subject to entry into a customary intercreditor arrangements in form and substance reasonably satisfactory to the Administrative Agent and Borrower); and\n(iii) to the extent the Revolving Credit Commitments are being increased on the relevant Increase Effective Date in connection with any Incremental Revolving Credit Commitments, the Administrative Agent and the Borrower shall determine the final allocation of such increase on the Increase Effective Date and the Administrative Agent shall promptly notify the Borrower and the Revolving Credit Lenders of the final allocation of such increase and the Increase Effective Date. On the Increase Effective Date, each of the Revolving Credit Lenders having a Revolving Credit Commitment prior to such Increase Effective Date (\u201cPre-Increase Revolving Lenders\u201d) shall assign to any Revolving Credit Lender which is acquiring a new or additional Revolving Credit Commitment on the Increase Effective Date (\u201cPost-Increase Revolving Lenders\u201d), and such Post-Increase Revolving Lenders shall purchase from each Pre-Increase Revolving Lender such participation interests in L/C Exposure outstanding on such Increase Effective Date, and purchase Revolving Loans from Pre-Increase Revolving Lenders (or the Borrower shall prepay Revolving Loans of Pre-Increase Revolving Lenders (and pay any additional amounts required pursuant to Section 2.16) and borrow Revolving Loans from Post-Increase Revolving Lenders) pursuant to procedures reasonably acceptable to the Administrative Agent such that after giving effect to all such assignments and purchases and repayments and borrowings, such Revolving Loans and participation interests in L/C Exposure will be held by Pre-Increase Revolving Lenders and Post-Increase Revolving Lenders ratably in accordance with their Pro Rata Percentage of the Revolving Credit Commitments after giving effect to such increased Revolving Credit Commitments.\n(c) Notwithstanding the foregoing, no Incremental Loan Commitment shall become effective under this Section 2.26 unless (i) on the date of such effectiveness, and after giving effect to such Incremental Loan Commitment (assuming that the related Incremental Loans were drawn in full on such date), (w) the conditions set forth in paragraphs (b) and (c) of Section 4.01 shall be satisfied, (x) Intermediate Holdings shall be in compliance, on a pro forma basis, with the financial covenant contained in Section 6.13 (assuming that the related Incremental Loans were drawn in full on such date and regardless of whether Intermediate Holdings is otherwise required to comply with such financial covenant at such time), (y) the Borrower shall have demonstrated to the Administrative Agent\u2019s reasonable satisfaction that the full amount of the applicable Incremental Loan Commitments (assuming that the related Incremental Loans were drawn in full on such date) is permitted to be incurred pursuant to the terms of the Senior Notes and any other material Indebtedness of Intermediate Holdings, the Borrower and the Subsidiaries then outstanding and (z) the Administrative Agent shall have received a certificate to the foregoing dated such date and executed by a Financial Officer of Intermediate Holdings and (ii) except as otherwise specified in the applicable Incremental Loan Assumption Agreement, the Administrative Agent shall have received (with sufficient copies for each of the Incremental Loan Lenders) legal opinions, board resolutions and other closing certificates reasonably requested by the Administrative Agent and consistent with those delivered on the Acquisition Date under Section 4.03.\n(d) Each of the parties hereto hereby agrees that the Administrative Agent may, in consultation with the Borrower, take any and all action as may be reasonably necessary to ensure that all Incremental Loans (other than Other Term Loans), when originally made, are included in each Borrowing of outstanding Loans on a pro rata basis. This may be accomplished by requiring each outstanding Eurodollar Borrowing to be converted into an ABR Borrowing on the date of each Incremental Loan, or by allocating a portion of each Incremental Loan to each outstanding Eurodollar Borrowing on a pro rata basis. Any conversion of Eurodollar Loans to ABR Loans required by the preceding sentence shall be subject to Section 2.16. If any Incremental Loan is to be allocated to an existing Interest Period for a Eurodollar Borrowing, then the interest rate thereon for such Interest Period and the other economic consequences thereof shall be as set forth in the applicable Incremental Loan Assumption Agreement. In addition, to the extent any Incremental Term Loans are not Other Term Loans, the scheduled amortization payments under Section 2.11(a)(i) required to be made after the making of such Incremental Term Loans shall be ratably increased by the aggregate principal amount of such Incremental Term Loans and shall be further increased for all Lenders on a pro rata basis to the extent necessary to avoid any reduction in the amortization payments to which the Term Lenders were entitled before such recalculation.\n(e) The Incremental Loans and Incremental Loan Commitments established pursuant to this Section 2.26 shall constitute Loans and Commitments under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan Documents, and shall, without limiting the foregoing, benefit equally and ratably from the Guarantees and security interests created by the Security Documents except to the extent otherwise provided in the Incremental Loan Assumption Agreement applicable thereto. The Loan Parties shall take any actions reasonably requested by the Administrative Agent to ensure that the Liens granted by the Security Documents continue to be perfected under the UCC or otherwise after giving effect to the establishment of any such new Incremental Loans or any such new Incremental Loan Commitments.", "samples": [{"hash": "l2crE8KfNxs", "uri": "/contracts/l2crE8KfNxs#incremental-loans", "label": "Credit Agreement (ADS Waste Holdings, Inc.)", "score": 25.2162895203, "published": true}, {"hash": "dDJ5lcPwlGh", "uri": "/contracts/dDJ5lcPwlGh#incremental-loans", "label": "Senior Secured Credit Agreement (Advanced Disposal Services Glacier Ridge Landfill, LLC)", "score": 24.7919235229, "published": true}, {"hash": "hlAOfYKZxmV", "uri": "/contracts/hlAOfYKZxmV#incremental-loans", "label": "Senior Secured Credit Agreement (Trestle Transport, Inc.)", "score": 24.6960983276, "published": true}], "snippet_links": [{"key": "from-time-to-time", "type": "clause", "offset": [68, 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"pro-forma-effect", "type": "definition", "offset": [596, 612]}, {"key": "application-of-proceeds", "type": "definition", "offset": [743, 766]}, {"key": "senior-secured-net-leverage-ratio", "type": "clause", "offset": [782, 815]}, {"key": "equal-to", "type": "definition", "offset": [819, 827]}, {"key": "first-lien", "type": "definition", "offset": [989, 999]}, {"key": "incremental-loan-commitments", "type": "definition", "offset": [1236, 1264]}, {"key": "minimum-increments", "type": "clause", "offset": [1300, 1318]}, {"key": "minimum-amount", "type": "clause", "offset": [1339, 1353]}, {"key": "lesser-amount", "type": "definition", "offset": [1376, 1389]}, {"key": "with-respect-to", "type": "clause", "offset": [1438, 1453]}, {"key": "become-effective", "type": "clause", "offset": [1564, 1580]}, {"key": "business-days", "type": "definition", "offset": [1614, 1627]}, {"key": "days-after", "type": "definition", "offset": [1645, 1655]}, {"key": "date-of", "type": "clause", "offset": [1660, 1667]}, {"key": "increase-effective-date", "type": "clause", "offset": [1687, 1710]}, {"key": "additional-term-loans", "type": "clause", "offset": [1845, 1866]}, {"key": "with-terms", "type": "clause", "offset": [1901, 1911]}, {"key": "the-term-loans", "type": "clause", "offset": [1927, 1941]}, {"key": "other-term-loans", "type": "definition", "offset": [1944, 1960]}, {"key": "existing-lenders", "type": "clause", "offset": [2024, 2040]}, {"key": "participate-in", "type": "definition", "offset": [2097, 2111]}, {"key": "sole-discretion", "type": "clause", "offset": [2116, 2131]}, {"key": "additional-banks", "type": "clause", "offset": [2137, 2153]}, {"key": "financial-institutions", "type": "definition", "offset": [2155, 2177]}, {"key": "institutional-lenders", "type": "definition", "offset": [2188, 2209]}, {"key": "incremental-loan-lenders", "type": "definition", "offset": [2226, 2250]}, {"key": "each-incremental-loan", "type": "clause", "offset": [2293, 2314]}, {"key": "deliver-to", "type": "definition", "offset": [2340, 2350]}, {"key": "incremental-loan-assumption-agreement", "type": "definition", "offset": [2379, 2416]}, {"key": "other-documentation", "type": "definition", "offset": [2426, 2445]}, {"key": "agent-shall", "type": "definition", "offset": [2468, 2479]}, {"key": "promptly-notify", "type": "definition", "offset": [2607, 2622]}, {"key": "each-lender", "type": "clause", "offset": [2623, 2634]}, {"key": "the-parties-hereto", "type": "clause", "offset": [2714, 2732]}, {"key": "this-agreement", "type": "clause", "offset": [2822, 2836]}, {"key": "the-administrative-agent-and-the-borrower", "type": "clause", "offset": [3029, 3070]}, {"key": "agreement-to", "type": "definition", "offset": [3087, 3099]}, {"key": "consent-of", "type": "clause", "offset": [3138, 3148]}, {"key": "other-lender", "type": "definition", "offset": [3153, 3165]}, {"key": "the-revolving-credit-commitments", "type": "clause", "offset": [3271, 3303]}, {"key": "loans-shall", "type": "definition", "offset": [3392, 3403]}, {"key": "the-revolving-loans", "type": "clause", "offset": [3457, 3476]}, {"key": "the-incremental-term-loans", "type": "clause", "offset": [3511, 3537]}, {"key": "in-the-case", "type": "clause", "offset": [3593, 3604]}, {"key": "interest-rates", "type": "definition", "offset": [3642, 3656]}, {"key": "call-protection", "type": "clause", "offset": [3681, 3696]}, {"key": "subject-to-the", "type": "clause", "offset": [3713, 3727]}, {"key": "agreed-by", "type": "definition", "offset": [3787, 3796]}, {"key": "the-borrower-and-the", "type": "clause", "offset": [3797, 3817]}, {"key": "unless-otherwise-agreed", "type": "definition", "offset": [3854, 3877]}, {"key": "the-required-lenders", "type": "clause", "offset": [3881, 3901]}, {"key": "final-maturity-date", "type": "definition", "offset": [3911, 3930]}, {"key": "term-loan-maturity-date", "type": "definition", "offset": [3984, 4007]}, {"key": "weighted-average-life-to-maturity", "type": "clause", "offset": [4017, 4050]}, {"key": "applicable-to", "type": "definition", "offset": [4231, 4244]}, {"key": "eurodollar-term-loans", "type": "clause", "offset": [4245, 4266]}, {"key": "basis-points", "type": "definition", "offset": [4284, 4296]}, {"key": "yield-differential", "type": "clause", "offset": [4379, 4397]}, {"key": "applicable-margin", "type": "definition", "offset": [4410, 4427]}, {"key": "in-effect", "type": "clause", "offset": [4433, 4442]}, {"key": "increased-by", "type": "clause", "offset": [4481, 4493]}, {"key": "the-yield", "type": "clause", "offset": [4494, 4503]}, {"key": "effective-upon", "type": "clause", "offset": [4518, 4532]}, {"key": "pari-passu", "type": "clause", "offset": [4750, 4760]}, {"key": "the-credit-facilities", "type": "clause", "offset": [4776, 4797]}, {"key": "right-of-payment", "type": "clause", "offset": [4801, 4817]}, {"key": "the-collateral", "type": "clause", "offset": [4853, 4867]}, {"key": "intercreditor-arrangements", "type": "definition", "offset": [5061, 5087]}, {"key": "form-and-substance", "type": "clause", "offset": [5091, 5109]}, {"key": "the-relevant", "type": "clause", "offset": [5257, 5269]}, {"key": "in-connection-with", "type": "clause", "offset": [5294, 5312]}, {"key": "determine-the", "type": "clause", "offset": [5407, 5420]}, {"key": "allocation-of", "type": "clause", "offset": [5427, 5440]}, {"key": "notify-the", "type": "clause", "offset": [5530, 5540]}, {"key": "revolving-credit-lenders", "type": "clause", "offset": [5558, 5582]}, {"key": "having-a", "type": "definition", "offset": [5726, 5734]}, {"key": "prior-to", "type": "clause", "offset": [5763, 5771]}, {"key": "additional-revolving-credit-commitment", "type": "definition", "offset": [5908, 5946]}, {"key": "participation-interests", "type": "clause", "offset": [6116, 6139]}, {"key": "additional-amounts", "type": "definition", "offset": [6359, 6377]}, {"key": "pursuant-to-section", "type": "definition", "offset": [6387, 6406]}, {"key": "assignments-and", "type": "definition", "offset": [6593, 6608]}, {"key": "in-accordance-with", "type": "definition", "offset": [6806, 6824]}, {"key": "pro-rata-percentage", "type": "clause", "offset": [6831, 6850]}, {"key": "increased-revolving-credit-commitments", "type": "definition", "offset": [6915, 6953]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [6959, 6988]}, {"key": "no-incremental", "type": "clause", "offset": [6990, 7004]}, {"key": "the-conditions", "type": "clause", "offset": [7257, 7271]}, {"key": "intermediate-holdings", "type": "clause", "offset": [7348, 7369]}, {"key": "in-compliance", "type": "clause", "offset": [7379, 7392]}, {"key": "pro-forma-basis", "type": "definition", "offset": [7399, 7414]}, {"key": "financial-covenant", "type": "definition", "offset": [7425, 7443]}, {"key": "contained-in", "type": "definition", "offset": [7444, 7456]}, {"key": "comply-with", "type": "clause", "offset": [7620, 7631]}, {"key": "reasonable-satisfaction", "type": "definition", "offset": [7742, 7765]}, {"key": "terms-of-the-senior-notes", "type": "clause", "offset": [7956, 7981]}, {"key": "indebtedness-of", "type": "clause", "offset": [8005, 8020]}, {"key": "the-subsidiaries", "type": "clause", "offset": [8061, 8077]}, {"key": "executed-by", "type": "definition", "offset": [8199, 8210]}, {"key": "financial-officer", "type": "definition", "offset": [8213, 8230]}, {"key": "sufficient-copies", "type": "clause", "offset": [8403, 8420]}, {"key": "legal-opinions", "type": "definition", "offset": [8463, 8477]}, {"key": "board-resolutions", "type": "definition", "offset": [8479, 8496]}, {"key": "closing-certificates", "type": "clause", "offset": [8507, 8527]}, {"key": "consistent-with", "type": "clause", "offset": [8581, 8596]}, {"key": "in-consultation-with", "type": "definition", "offset": [8737, 8757]}, {"key": "reasonably-necessary", "type": "clause", "offset": [8806, 8826]}, {"key": "to-ensure", "type": "clause", "offset": [8827, 8836]}, {"key": "each-borrowing", "type": "clause", "offset": [8933, 8947]}, {"key": "outstanding-loans", "type": "definition", "offset": [8951, 8968]}, {"key": "pro-rata-basis", "type": "definition", "offset": [8974, 8988]}, {"key": "eurodollar-borrowing", "type": "definition", "offset": [9045, 9065]}, {"key": "abr-borrowing", "type": "definition", "offset": [9090, 9103]}, {"key": "a-portion", "type": "definition", "offset": [9159, 9168]}, {"key": "conversion-of", "type": "clause", "offset": [9260, 9273]}, {"key": "loans-to", "type": "clause", "offset": [9285, 9293]}, {"key": "abr-loans", "type": "definition", "offset": [9294, 9303]}, {"key": "required-by", "type": "definition", "offset": [9304, 9315]}, {"key": "subject-to-section", "type": "clause", "offset": [9348, 9366]}, {"key": "allocated-to", "type": "definition", "offset": [9406, 9418]}, {"key": "existing-interest-period", "type": "definition", "offset": [9422, 9446]}, {"key": "the-interest-rate", "type": "clause", "offset": [9480, 9497]}, {"key": "in-addition", "type": "clause", "offset": [9654, 9665]}, {"key": "any-incremental-term-loans", "type": "clause", "offset": [9681, 9707]}, {"key": "payments-under-section", "type": "clause", "offset": [9761, 9783]}, {"key": "aggregate-principal-amount", "type": "clause", "offset": [9897, 9923]}, {"key": "all-lenders", "type": "definition", "offset": [9990, 10001]}, {"key": "reduction-in", "type": "definition", "offset": [10059, 10071]}, {"key": "payments-to", "type": "definition", "offset": [10089, 10100]}, {"key": "loans-and-commitments", "type": "clause", "offset": [10283, 10304]}, {"key": "the-benefits", "type": "clause", "offset": [10341, 10353]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [10372, 10410]}, {"key": "without-limiting-the-foregoing", "type": "clause", "offset": [10423, 10453]}, {"key": "equally-and-ratably", "type": "definition", "offset": [10463, 10482]}, {"key": "guarantees-and-security-interests", "type": "clause", "offset": [10492, 10525]}, {"key": "created-by", "type": "definition", "offset": [10526, 10536]}, {"key": "the-security-documents", "type": "clause", "offset": [10537, 10559]}, {"key": "except-to-the-extent", "type": "clause", "offset": [10560, 10580]}, {"key": "the-loan-parties", "type": "clause", "offset": [10665, 10681]}, {"key": "the-liens", "type": "clause", "offset": [10769, 10778]}, {"key": "granted-by", "type": "definition", "offset": [10779, 10789]}, {"key": "documents-continue", "type": "clause", "offset": [10803, 10821]}, {"key": "establishment-of", "type": "clause", "offset": [10892, 10908]}, {"key": "new-incremental-loans", "type": "definition", "offset": [10918, 10939]}], "hash": "b3b218a1c6748809c88228762817177f", "id": 3}, {"size": 48, "snippet": "(a) The Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan or revolving commitments (the \u201cNew Loan Commitments\u201d) hereunder, in an aggregate amount for all such New Loan Commitments not in excess of $100,000,000. Each such notice shall specify the date (each, an \u201cIncreased Amount Date\u201d) on which the Borrower proposes that the New Loan Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent; provided that any Lender offered or approached to provide all or a portion of any New Loan Commitments may elect or decline, in its sole discretion, to provide such New Loan Commitments.\n(b) Such New Loan Commitments shall become effective as of such Increased Amount Date; provided that (i) no Default or Event of Default shall exist on such Increased Amount Date before or after giving effect to such New Loan Commitments and to the making of any Tranche of New Loans pursuant thereto and after giving effect to any Permitted Acquisition consummated in connection therewith; (ii) the Borrower shall be in pro forma compliance with the financial covenants set forth in Section 7.1; (iii) the proceeds of any New Loans shall be used for general corporate purposes of the Borrower and its Subsidiaries (including Permitted Acquisitions and Investments permitted under Section 7.7); (iv) the New Loans shall share ratably in the Collateral; (v) the New Loans that are term loans (\u201cNew Term Loans\u201d) shall share ratably in any mandatory prepayments of the existing Term Loans; (vi) in the case of any New Term Loans, the maturity date thereof shall not be earlier than the Tranche C Term Maturity Date and the weighted average life to maturity shall be equal to or greater than the weighted average life to maturity of the Tranche C Term Loans; (vii) in the case of any New Loans that are revolving loans or commitments (\u201cNew Revolving Loans\u201d) the maturity date or commitment termination date thereof shall not be earlier than the Revolving Termination Date and such New Revolving Loans shall not require any scheduled commitment reductions prior to the Revolving Termination Date; (viii) the New Revolving Loans shall share ratably in any mandatory prepayments of the existing Revolving Loans; (ix) all terms and documentation with respect to any New Loans which differ from those with respect to the Loans under the applicable Facility shall be reasonably satisfactory to the Administrative Agent (except to the extent permitted by clauses (vi) and (vii) above and the last sentence of this paragraph); (x) such New Loans or New Loan Commitments shall be effected pursuant to one or more Joinder Agreements executed and delivered by the Borrower, the Administrative Agent and one or more New Lenders; (xi) the Borrower shall deliver or cause to be delivered any customary legal opinions or other documents reasonably requested by Administrative Agent in connection with any such transaction, including any supplements or amendments to the Security Documents providing for such New Loans to be secured thereby; and (xii) if the initial \u201cspread\u201d (for purposes of this Section 2.25 the \u201cspread\u201d with respect to any Loan shall be calculated as the sum of the Eurodollar Loan margin on the relevant Loan plus any original issue discount or upfront fees in lieu of original issue discount (other than any arranging fees, underwriting fees and commitment fees) (based on an assumed four-year average life for the applicable Facilities (e.g., 100 basis points in original issue discount or upfront fees equals 25 basis points of interest rate margin))) relating to the New Term Loans exceeds the spread then in effect with respect to the Tranche B Term Loans by more than 0.25%, the Applicable Margin relating to the existing Tranche B Term Loans shall be adjusted so that the spread relating to such New Term Loans does not exceed the spread applicable to the existing Tranche B Term Loans by more than 0.25%. Any New Loans made on an Increased Amount Date that have terms and provisions that differ from those of the Term Loans or Revolving Loans, as applicable, outstanding on the date on which such New Loans are made shall be designated as a separate tranche (a \u201cTranche\u201d) of Term Loans or Revolving Loans, as applicable, for all purposes of this Agreement, except as the relevant Joinder Agreement otherwise provides. For the avoidance of doubt, the rate of interest and the amortization schedule (if applicable) of any New Loan Commitments shall be determined by the Borrower and the applicable New Lenders and shall be set forth in the applicable Joinder Agreement.\n(c) On any Increased Amount Date on which any New Loan Commitment become effective, subject to the foregoing terms and conditions, each lender with a New Loan Commitment (each, a \u201cNew Lender\u201d) shall become a Lender hereunder with respect to such New Loan Commitment.\n(d) The terms and provisions of the New Loan Commitments of any Tranche shall be, except as otherwise set forth in the relevant Joinder Agreement, identical to those of the applicable Loans and for purposes of this Agreement, any New Loans or New Loan Commitments shall be deemed to be Term Loans, Revolving Loans or Revolving Commitments, as applicable. Each Joinder Agreement may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section 2.25.\n(e) For the avoidance of doubt, the Additional Revolving Commitments and the Tranche C Term Commitments shall not constitute New Loan Commitments, any Revolving Loans made in respect of the Additional Revolving Commitments shall not constitute New Loans or New Revolving Loans and the Tranche C Term Loans shall not constitute New Loans or New Term Loans.", "samples": [{"hash": "h5gzUzf33z6", "uri": "/contracts/h5gzUzf33z6#incremental-loans", "label": "Credit Agreement (Booz Allen Hamilton Holding Corp)", "score": 21.6625595093, "published": true}, {"hash": "3pdQUVeT1uu", "uri": "/contracts/3pdQUVeT1uu#incremental-loans", "label": "Credit Agreement (Booz Allen Hamilton Holding Corp)", "score": 21.5749492645, "published": true}, {"hash": "cEuJ4g65lY0", "uri": "/contracts/cEuJ4g65lY0#incremental-loans", "label": "Credit Agreement (Booz Allen Hamilton Holding Corp)", "score": 21.4681720734, "published": true}], "snippet_links": [{"key": "notice-to-the-administrative-agent", "type": "clause", "offset": [32, 66]}, {"key": "to-request", "type": "clause", "offset": [73, 83]}, {"key": "establishment-of", "type": "clause", "offset": [88, 104]}, {"key": "new-loan-commitments", "type": "definition", "offset": [162, 182]}, {"key": "aggregate-amount", "type": "clause", "offset": [202, 218]}, {"key": "increased-amount-date", "type": "clause", "offset": [335, 356]}, {"key": "days-after", "type": "definition", "offset": [488, 498]}, {"key": "provided-that", "type": "definition", "offset": [571, 584]}, {"key": "to-provide", "type": "clause", "offset": [618, 628]}, {"key": "a-portion", "type": "definition", "offset": [636, 645]}, {"key": "sole-discretion", "type": "clause", "offset": [703, 718]}, {"key": "become-effective", "type": "clause", "offset": [794, 810]}, {"key": "default-shall", "type": "definition", "offset": [886, 899]}, {"key": "after-giving", "type": "clause", "offset": [946, 958]}, {"key": "new-loans", "type": "clause", "offset": [1031, 1040]}, {"key": "acquisition-consummated", "type": "clause", "offset": [1099, 1122]}, {"key": "the-borrower-shall", "type": "clause", "offset": [1153, 1171]}, {"key": "financial-covenants", "type": "definition", "offset": [1208, 1227]}, {"key": "section-71", "type": "definition", "offset": [1241, 1252]}, {"key": "loans-shall", "type": "definition", "offset": [1284, 1295]}, {"key": "borrower-and-its-subsidiaries", "type": "clause", "offset": [1342, 1371]}, {"key": "acquisitions-and-investments", "type": "clause", "offset": [1393, 1421]}, {"key": "section-77", "type": "clause", "offset": [1438, 1449]}, {"key": "the-collateral", "type": "clause", "offset": [1494, 1508]}, {"key": "prepayments-of-the", "type": "clause", "offset": [1604, 1622]}, {"key": "existing-term-loans", "type": "clause", "offset": [1623, 1642]}, {"key": "in-the-case", "type": "clause", "offset": [1649, 1660]}, {"key": "term-maturity-date", "type": "definition", "offset": [1750, 1768]}, {"key": "weighted-average-life-to-maturity", "type": "clause", "offset": [1777, 1810]}, {"key": "equal-to", "type": "definition", "offset": [1820, 1828]}, {"key": "tranche-c-term-loans", "type": "clause", "offset": [1890, 1910]}, {"key": "new-revolving-loans", "type": "definition", "offset": [1989, 2008]}, {"key": "commitment-termination-date", "type": "definition", "offset": [2032, 2059]}, {"key": "revolving-termination-date", "type": "definition", "offset": [2098, 2124]}, {"key": "scheduled-commitment-reductions", "type": "clause", "offset": [2176, 2207]}, {"key": "prior-to-the", "type": "clause", "offset": [2208, 2220]}, {"key": "existing-revolving-loans", "type": "clause", "offset": [2336, 2360]}, {"key": "terms-and-documentation", "type": "clause", "offset": [2371, 2394]}, {"key": "with-respect-to", "type": "clause", "offset": [2395, 2410]}, {"key": "the-loans", "type": "clause", "offset": [2465, 2474]}, {"key": "facility-shall", "type": "clause", "offset": [2496, 2510]}, {"key": "except-to-the-extent", "type": "clause", "offset": [2567, 2587]}, {"key": "the-last-sentence", "type": "clause", "offset": [2634, 2651]}, {"key": "pursuant-to", "type": "clause", "offset": [2733, 2744]}, {"key": "joinder-agreements", "type": "clause", "offset": [2757, 2775]}, {"key": "executed-and-delivered", "type": "clause", "offset": [2776, 2798]}, {"key": "by-the-borrower", "type": "clause", "offset": [2799, 2814]}, {"key": "new-lenders", "type": "definition", "offset": [2857, 2868]}, {"key": "legal-opinions", "type": "definition", "offset": [2941, 2955]}, {"key": "requested-by", "type": "definition", "offset": [2986, 2998]}, {"key": "in-connection-with", "type": "clause", "offset": [3020, 3038]}, {"key": "the-security-documents", "type": "clause", "offset": [3104, 3126]}, {"key": "loans-to", "type": "clause", "offset": [3150, 3158]}, {"key": "for-purposes-of-this-section", "type": "clause", "offset": [3214, 3242]}, {"key": "loan-shall", "type": "definition", "offset": [3281, 3291]}, {"key": "sum-of", "type": "clause", "offset": [3313, 3319]}, {"key": "loan-margin", "type": "definition", "offset": [3335, 3346]}, {"key": "the-relevant-loan", "type": "definition", "offset": [3350, 3367]}, {"key": "original-issue-discount", "type": "definition", "offset": [3377, 3400]}, {"key": "upfront-fees", "type": "definition", "offset": [3404, 3416]}, {"key": "in-lieu-of", "type": "clause", "offset": [3417, 3427]}, {"key": "underwriting-fees", "type": "clause", "offset": [3484, 3501]}, {"key": "commitment-fees", "type": "definition", "offset": [3506, 3521]}, {"key": "based-on", "type": "definition", "offset": [3524, 3532]}, {"key": "applicable-facilities", "type": "definition", "offset": [3575, 3596]}, {"key": "basis-points", "type": "definition", "offset": [3608, 3620]}, {"key": "points-of", "type": "clause", "offset": [3680, 3689]}, {"key": "interest-rate-margin", "type": "definition", "offset": [3690, 3710]}, {"key": "relating-to", "type": "definition", "offset": [3714, 3725]}, {"key": "the-new-term-loans", "type": "clause", "offset": [3726, 3744]}, {"key": "in-effect", "type": "clause", "offset": [3769, 3778]}, {"key": "the-tranche-b-term-loans", "type": "clause", "offset": [3795, 3819]}, {"key": "applicable-margin", "type": "definition", "offset": [3844, 3861]}, {"key": "existing-tranche-b-term-loans", "type": "definition", "offset": [3878, 3907]}, {"key": "applicable-to", "type": "definition", "offset": [4004, 4017]}, {"key": "loans-or-revolving-loans", "type": "clause", "offset": [4185, 4209]}, {"key": "a-separate", "type": "definition", "offset": [4306, 4316]}, {"key": "all-purposes", "type": "clause", "offset": [4392, 4404]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [4485, 4511]}, {"key": "rate-of-interest", "type": "clause", "offset": [4517, 4533]}, {"key": "amortization-schedule", "type": "clause", "offset": [4542, 4563]}, {"key": "if-applicable", "type": "definition", "offset": [4565, 4578]}, {"key": "the-borrower-and-the", "type": "clause", "offset": [4631, 4651]}, {"key": "the-foregoing", "type": "definition", "offset": [4830, 4843]}, {"key": "terms-and-conditions", "type": "clause", "offset": [4844, 4864]}, {"key": "each-lender", "type": "clause", "offset": [4866, 4877]}, {"key": "lender-hereunder", "type": "clause", "offset": [4943, 4959]}, {"key": "provisions-of-the", "type": "clause", "offset": [5020, 5037]}, {"key": "applicable-loans", "type": "definition", "offset": [5175, 5191]}, {"key": "for-purposes-of-this-agreement", "type": "definition", "offset": [5196, 5226]}, {"key": "consent-of", "type": "clause", "offset": [5397, 5407]}, {"key": "other-lenders", "type": "clause", "offset": [5412, 5425]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [5458, 5496]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [5591, 5617]}, {"key": "additional-revolving-commitments", "type": "clause", "offset": [5660, 5692]}, {"key": "term-commitments", "type": "clause", "offset": [5711, 5727]}, {"key": "in-respect-of", "type": "definition", "offset": [5796, 5809]}], "hash": "65a77a6dd63fa89fb771286ce999c175", "id": 4}, {"size": 44, "snippet": "Any Incremental Term Loans effected through the establishment of one or more new term loans made on an Incremental Facility Closing Date (other than a Loan Increase) shall be designated a separate Class of Incremental Term Loans for all purposes of this Agreement. On any Incremental Facility Closing Date on which any Incremental Term Commitments of any Class are effected (including through any Term Loan Increase), subject to the satisfaction of the terms and conditions in this Section 2.24, (i) each Incremental Term Lender of such Class shall make a Loan to the Borrower (an \u201cIncremental Term Loan\u201d or \u201cIncremental Loan\u201d) in an amount equal to its Incremental Term Commitment of such Class and (ii) 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. Notwithstanding the foregoing, Incremental Term Loans may have identical terms to any of the Term Loans and be treated as the same Class as any of such Term Loans.", "samples": [{"hash": "iH4WHfunHZt", "uri": "/contracts/iH4WHfunHZt#incremental-loans", "label": "Credit Agreement (New Media Investment Group Inc.)", "score": 26.4154682159, "published": true}, {"hash": "3f2TqVnosUw", "uri": "/contracts/3f2TqVnosUw#incremental-loans", "label": "Credit Agreement (New Media Investment Group Inc.)", "score": 26.1362075806, "published": true}, {"hash": "c9NqgIiOi3E", "uri": "/contracts/c9NqgIiOi3E#incremental-loans", "label": "Credit Agreement (New Media Investment Group Inc.)", "score": 26.0294322968, "published": true}], "snippet_links": [{"key": "any-incremental-term-loans", "type": "clause", "offset": [0, 26]}, {"key": "establishment-of", "type": "clause", "offset": [48, 64]}, {"key": "new-term-loans", "type": "clause", "offset": [77, 91]}, {"key": "incremental-facility-closing-date", "type": "definition", "offset": [103, 136]}, {"key": "a-loan", "type": "definition", "offset": [149, 155]}, {"key": "class-of", "type": "definition", "offset": [197, 205]}, {"key": "purposes-of-this-agreement", "type": "clause", "offset": [237, 263]}, {"key": "incremental-term-commitments", "type": "definition", "offset": [319, 347]}, {"key": "term-loan-increase", "type": "definition", "offset": [397, 415]}, {"key": "subject-to-the", "type": "clause", "offset": [418, 432]}, {"key": "satisfaction-of", "type": "clause", "offset": [433, 448]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [449, 473]}, {"key": "incremental-term-lender", "type": "definition", "offset": [505, 528]}, {"key": "loan-to-the-borrower", "type": "clause", "offset": [556, 576]}, {"key": "incremental-loan", "type": "clause", "offset": [609, 625]}, {"key": "equal-to", "type": "definition", "offset": [641, 649]}, {"key": "lender-hereunder", "type": "clause", "offset": [763, 779]}, {"key": "with-respect-to", "type": "clause", "offset": [780, 795]}, {"key": "the-incremental-term-loans", "type": "clause", "offset": [846, 872]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [910, 939]}, {"key": "terms-to", "type": "definition", "offset": [983, 991]}, {"key": "the-term-loans", "type": "clause", "offset": [999, 1013]}], "hash": "98cd41442b531918bcf53403f49dac61", "id": 5}, {"size": 16, "snippet": "On the applicable date (each, an \u201cIncremental Facility Closing Date\u201d) specified in any Incremental Amendment (including through any Term Loan Increase or Revolving Commitment Increase, as applicable), subject to the satisfaction of the terms and conditions in this Section 1.12 and in the applicable Incremental Amendment, (i) (A) each Incremental Term Lender shall make a Loan to the Borrower (an \u201cIncremental Term Loan\u201d) in an amount equal to its Incremental Term Commitment and (B) each Incremental Term Lender shall become a Lender hereunder with respect to the Incremental Term Commitment and the Incremental Term Loans of made pursuant thereto and (ii) (A) each Incremental Revolving Lender providing a Revolving Commitment Increase shall make its new or increased Commitment available to the Borrower (when borrowed, an \u201cIncremental Revolving Loan\u201d and collectively with any Incremental Term Loan, an \u201cIncremental Loan\u201d) in an amount equal to its Revolving Commitment Increase and (B) each Incremental Revolving Lender, to the extent not already a Lender, shall become a Lender hereunder with respect to its Revolving Loan Commitment (after giving effect to the Revolving Commitment Increase) and the Revolving Loans made pursuant thereto.", "samples": [{"hash": "kVcGanIY1v9", "uri": "/contracts/kVcGanIY1v9#incremental-loans", "label": "Credit Agreement (SelectQuote, Inc.)", "score": 33.6570854187, "published": true}, {"hash": "gtj6vH3g8tc", "uri": "/contracts/gtj6vH3g8tc#incremental-loans", "label": "Credit 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"the-revolving-commitment", "type": "clause", "offset": [1165, 1189]}, {"key": "the-revolving-loans", "type": "clause", "offset": [1204, 1223]}], "hash": "a1e03805102ce9ac228e24d3ec927119", "id": 6}, {"size": 14, "snippet": "(a) The Borrower may at any time or from time to time after the Closing Date, by notice to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders), request one or more additional Tranches of term loans (the \u201cIncremental Loans\u201d), provided that (i) both at the time of any such request and upon the effectiveness of any Incremental Amendment referred to below, no Default or Event of Default shall exist and at the time that any such Incremental Loan is made (and after giving effect thereto) no Default or Event of Default shall exist, (ii) on the date of incurrence of any such Incremental Loans, the Borrower shall be in compliance with the covenants contained in Section 6.18 hereof on a pro forma basis (giving effect to such incurrence), (iii) the Borrower shall have delivered a certificate certifying as to clauses (i) and (ii) to the Administrative Agent, together with all calculations related thereto and (iv) the aggregate principal amount of the Incremental Loans shall not exceed $250,000,000. Each tranche of Incremental Loans shall be in an aggregate principal amount that is not less than $10,000,000 and be in an integral multiple of $5,000,000. The Incremental Loans (a) shall rank pari passu in right of payment with the Initial Loans, (b) shall not mature earlier than the Initial Maturity Date (but may, subject to clause (c) below, have amortization prior to such date), (c) shall not have a weighted average life that is shorter than the then-remaining weighted average life of the Initial Loans and (d) except as set forth above, shall be treated substantially the same as (and in any event no more favorably than, taken as a whole) the Initial Loans, provided that (i) the terms and conditions applicable to Incremental Loans maturing after the Initial Maturity Date may provide for material additional or different financial or other covenants or prepayment requirements applicable only during periods after the Initial Maturity Date and (ii) the Incremental Loans may be priced differently than the Initial Loans; provided further that if the Applicable Margin (which, for such purposes only, shall be deemed to include all upfront or similar fees or original issue discount payable to all Lenders providing such Incremental Loans) relating to any Incremental Loans exceeds the Applicable Margin (which, for such purposes only, shall be deemed to include all upfront or similar fees or original issue discount payable to all Lenders providing the Initial Loans) relating to the Initial Loans immediately prior to the effectiveness of the applicable Incremental Amendment by more than 0.50%, the Applicable Margin relating to the Initial Loans shall be adjusted to be equal to the Applicable Margin relating to such Incremental Term Loans minus 0.50%. Each notice from the Borrower pursuant to this Section shall set forth the requested amount and proposed terms of the relevant Incremental Loans. Incremental Loans may be made by any existing Lender or by any other bank or other financial institution (any such other bank or other financial institution being called an \u201cAdditional Lender\u201d), provided that the Administrative Agent shall have consented (such consent not to be unreasonably withheld) to such Lender\u2019s or Additional Lender\u2019s making such Incremental Loans if such consent would be required under Section 10.10(b) for an assignment of Loans to such Lender or Additional Lender. Commitments in respect of Incremental Loans shall become Commitments under this Agreement pursuant to an amendment (an \u201cIncremental Amendment\u201d) to this Agreement and, as appropriate, the other Loan Documents, executed by the Borrower, each Lender agreeing to provide such Commitment, if any, each Additional Lender, if any, and the Administrative Agent. The Incremental Amendment may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent, to effect the provisions of this Section. No Lender shall be obligated to provide any Incremental Loans unless it so agrees.", "samples": [{"hash": "fsjTmfA0GTS", "uri": "/contracts/fsjTmfA0GTS#incremental-loans", "label": "Amendment Agreement (Cliffs Natural Resources Inc.)", "score": 22.623544693, "published": true}, {"hash": "gZsyDISWGx5", "uri": "/contracts/gZsyDISWGx5#incremental-loans", "label": "Term Loan Agreement (Cliffs Natural Resources Inc.)", "score": 22.1800136566, "published": true}], "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [21, 32]}, {"key": "from-time-to-time", "type": "clause", "offset": [36, 53]}, {"key": "after-the-closing-date", "type": "clause", "offset": [54, 76]}, {"key": "notice-to-the-administrative-agent", "type": "clause", "offset": [81, 115]}, {"key": "agent-shall", "type": "definition", "offset": [146, 157]}, {"key": "copy-to", "type": "definition", "offset": [177, 184]}, {"key": "each-of-the-lenders", "type": "clause", "offset": [185, 204]}, {"key": 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"integral-multiple", "type": "definition", "offset": [1188, 1205]}, {"key": "pari-passu", "type": "clause", "offset": [1258, 1268]}, {"key": "right-of-payment", "type": "clause", "offset": [1272, 1288]}, {"key": "the-initial-loans", "type": "clause", "offset": [1294, 1311]}, {"key": "initial-maturity-date", "type": "definition", "offset": [1351, 1372]}, {"key": "subject-to-clause", "type": "clause", "offset": [1383, 1400]}, {"key": "remaining-weighted-average-life", "type": "definition", "offset": [1524, 1555]}, {"key": "taken-as-a-whole", "type": "clause", "offset": [1697, 1713]}, {"key": "terms-and-conditions-applicable-to", "type": "clause", "offset": [1756, 1790]}, {"key": "provide-for", "type": "clause", "offset": [1854, 1865]}, {"key": "other-covenants", "type": "clause", "offset": [1912, 1927]}, {"key": "prepayment-requirements", "type": "clause", "offset": [1931, 1954]}, {"key": "applicable-margin", "type": "definition", "offset": [2128, 2145]}, {"key": "original-issue-discount", "type": "definition", "offset": [2236, 2259]}, {"key": "payable-to", "type": "definition", "offset": [2260, 2270]}, {"key": "all-lenders", "type": "definition", "offset": [2271, 2282]}, {"key": "relating-to", "type": "definition", "offset": [2317, 2328]}, {"key": "providing-the", "type": "clause", "offset": [2518, 2531]}, {"key": "prior-to-the", "type": "clause", "offset": [2589, 2601]}, {"key": "effectiveness-of-the", "type": "clause", "offset": [2602, 2622]}, {"key": "equal-to", "type": "definition", "offset": [2752, 2760]}, {"key": "incremental-term-loans", "type": "definition", "offset": [2800, 2822]}, {"key": "notice-from-the-borrower", "type": "clause", "offset": [2841, 2865]}, {"key": "pursuant-to", "type": "clause", "offset": [2866, 2877]}, {"key": "requested-amount", "type": "clause", "offset": [2911, 2927]}, {"key": "the-relevant", "type": "clause", "offset": [2950, 2962]}, {"key": "existing-lender", "type": "definition", "offset": [3019, 3034]}, {"key": "other-bank", "type": "definition", "offset": [3045, 3055]}, {"key": "other-financial-institution", "type": "clause", "offset": [3059, 3086]}, {"key": "additional-lender", "type": "definition", "offset": [3156, 3173]}, {"key": "consent-not-to-be-unreasonably-withheld", "type": "clause", "offset": [3243, 3282]}, {"key": "loans-to", "type": "clause", "offset": [3432, 3440]}, {"key": "in-respect-of", "type": "definition", "offset": [3487, 3500]}, {"key": "by-the-borrower", "type": "clause", "offset": [3693, 3708]}, {"key": "each-lender", "type": "clause", "offset": [3710, 3721]}, {"key": "to-provide", "type": "clause", "offset": [3731, 3741]}, {"key": "consent-of", "type": "clause", "offset": [3872, 3882]}, {"key": "other-lenders", "type": "clause", "offset": [3887, 3900]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [3933, 3971]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [4077, 4103]}, {"key": "no-lender", "type": "clause", "offset": [4105, 4114]}], "hash": "38ff202fc101292e7ad72eb4ac31fb47", "id": 7}, {"size": 12, "snippet": "Any Incremental Revolving Credit Commitments effected through the establishment of one or more new revolving credit commitments made on an Incremental Facility Closing Date shall be designated a separate Class of Incremental Revolving Credit Commitments for all purposes of this Agreement. On any Incremental Facility Closing Date on which any Incremental Revolving Credit Commitments of any Class are effected through the establishment of one or more new revolving credit commitments (including through any Revolving Commitment Increase), subject to the satisfaction of the terms and conditions in this Section 2.14, (i) each Incremental Revolving Credit Lender of such Class shall make its Commitment available to the Borrower (when borrowed, an \u201cIncremental Revolving Loan\u201d) in an amount equal to its Incremental Revolving Credit Commitment of such Class and (ii) each Incremental Revolving Credit Lender of such Class shall become a Lender hereunder with respect to the Incremental Revolving Credit Commitments of such Class and the Incremental Revolving Loans of such Class made pursuant thereto.", "samples": [{"hash": "kS3F1gWDjCq", "uri": "/contracts/kS3F1gWDjCq#incremental-loans", "label": "Abl Credit Agreement (Prestige Consumer Healthcare Inc.)", "score": 34.9466133118, "published": true}, {"hash": "lWehPNRKazI", "uri": "/contracts/lWehPNRKazI#incremental-loans", "label": "Abl Credit Agreement (Prestige Brands Holdings, Inc.)", "score": 28.0828208923, "published": true}, {"hash": "fRpRmzZ2vRJ", "uri": "/contracts/fRpRmzZ2vRJ#incremental-loans", "label": "Abl Credit Agreement (Prestige Brands Holdings, Inc.)", "score": 23.376455307, "published": true}], "snippet_links": [{"key": "incremental-revolving-credit-commitments", "type": "definition", "offset": [4, 44]}, {"key": "establishment-of", "type": "clause", "offset": [66, 82]}, {"key": "new-revolving-credit-commitments", "type": "clause", "offset": [95, 127]}, {"key": "incremental-facility-closing-date", "type": "definition", "offset": [139, 172]}, {"key": "class-of", "type": "definition", "offset": [204, 212]}, {"key": "purposes-of-this-agreement", "type": "clause", "offset": [262, 288]}, {"key": "revolving-commitment-increase", "type": "definition", "offset": [508, 537]}, {"key": "subject-to-the", "type": "clause", "offset": [540, 554]}, {"key": "satisfaction-of", "type": "clause", "offset": [555, 570]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [571, 595]}, {"key": "incremental-revolving-credit-lender", "type": "definition", "offset": [627, 662]}, {"key": "to-the-borrower", "type": "definition", "offset": [713, 728]}, {"key": "equal-to", "type": "definition", "offset": [791, 799]}, {"key": "lender-hereunder", "type": "clause", "offset": [937, 953]}, {"key": "with-respect-to", "type": "clause", "offset": [954, 969]}, {"key": "incremental-revolving-loans", "type": "definition", "offset": [1037, 1064]}], "hash": "1333dc98394cd81f96fbbd445cc3b460", "id": 8}, {"size": 11, "snippet": "In addition to the foregoing, the Borrower shall pay to the Administrative Agent, for the account of the Lenders, on each Incremental Term Loan Repayment Date, a principal amount of the Other Term Loans (as adjusted from time to time pursuant to Sections 2.13(a), 2.13(c) and 2.17(d)) equal to the amount set forth for such date in the applicable Incremental Term Loan Assumption Agreement, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment. To the extent not previously paid, all Incremental Term Loans shall be due and payable on the applicable Incremental Term Loan Maturity Date and all Incremental Revolving Loans shall be due and payable on the applicable Revolving Facility Termination Date, together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of payment.", "samples": [{"hash": "67CIbhrGE4j", "uri": "/contracts/67CIbhrGE4j#incremental-loans", "label": "Credit Agreement (Purple Innovation, Inc.)", "score": 34.1389465332, "published": true}, {"hash": "4fc2ZtYKAyI", "uri": "/contracts/4fc2ZtYKAyI#incremental-loans", "label": "Credit Agreement (Purple Innovation, Inc.)", "score": 33.2245025635, "published": true}, {"hash": "lXVonKG2gKk", "uri": "/contracts/lXVonKG2gKk#incremental-loans", "label": "Credit Agreement (Purple Innovation, Inc.)", "score": 33.1615333557, "published": true}], "snippet_links": [{"key": "the-foregoing", "type": "definition", "offset": 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"offset": [403, 412]}, {"key": "amount-to-be-paid", "type": "clause", "offset": [463, 480]}, {"key": "but-excluding", "type": "clause", "offset": [484, 497]}, {"key": "to-the-extent", "type": "clause", "offset": [524, 537]}, {"key": "loans-shall", "type": "definition", "offset": [580, 591]}, {"key": "due-and-payable", "type": "definition", "offset": [595, 610]}, {"key": "incremental-term-loan-maturity-date", "type": "definition", "offset": [629, 664]}, {"key": "incremental-revolving-loans", "type": "definition", "offset": [673, 700]}, {"key": "revolving-facility-termination-date", "type": "definition", "offset": [744, 779]}, {"key": "date-of-payment", "type": "clause", "offset": [892, 907]}], "hash": "5b14da9958faccf97a8fcfaabf3bba68", "id": 9}, {"size": 11, "snippet": "Borrower shall repay to the applicable Incremental Term Lenders on the applicable Maturity Date for the Incremental Term Loan Facility, the aggregate principal amount of all Incremental Term Loans of the applicable tranche outstanding under such Incremental Term Loan Facility on such date.", "samples": [{"hash": "cQjMmjr95VB", "uri": "/contracts/cQjMmjr95VB#incremental-loans", "label": "Credit Agreement (Alpine Income Property Trust, Inc.)", "score": 33.7994537354, "published": true}, {"hash": "g7hyiosU1iG", "uri": "/contracts/g7hyiosU1iG#incremental-loans", "label": "Credit Agreement (Alpine Income Property Trust, Inc.)", "score": 33.2929496765, "published": true}, {"hash": "fGP59e1nvc", "uri": "/contracts/fGP59e1nvc#incremental-loans", "label": "Credit Agreement (Alpine Income Property Trust, Inc.)", "score": 33.2929496765, "published": true}], "snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [0, 14]}, {"key": "the-applicable", "type": "clause", "offset": [24, 38]}, {"key": "incremental-term-lenders", "type": "definition", "offset": [39, 63]}, {"key": "applicable-maturity-date", "type": "definition", "offset": [71, 95]}, {"key": "incremental-term-loan-facility", "type": 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["lender-election-to-increase-prospective-lenders", "Lender Election to Increase; Prospective Lenders"], ["use-of-proceeds", "Use of Proceeds"]], "id": "incremental-loans", "related": [["term-loans", "Term Loans", "Term Loans"], ["term-a-loans", "Term A Loans", "Term A Loans"], ["incremental-facility", "Incremental Facility", "Incremental Facility"], ["term-loan", "Term Loan", "Term Loan"], ["incremental-loan-request", "Incremental Loan Request", "Incremental Loan Request"]], "related_snippets": [], "updated": "2026-05-17T05:43:39+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The Incremental Loans clause allows a borrower to request additional loan commitments or increases to existing loans under the same credit agreement, subject to certain conditions and lender approvals. Typically, this clause outlines the maximum amount of incremental loans permitted, the process for requesting such increases, and any requirements for new or existing lenders to participate. Its core practical function is to provide the borrower with flexibility to access additional financing as needed without negotiating a new agreement, thereby streamlining the process and ensuring efficient access to capital."}, "json": true, "cursor": ""}}