Common use of Incremental Term Commitment Clause in Contracts

Incremental Term Commitment. Subject to the satisfaction (or waiver by the Incremental Amendment No. 1 Term B Lender) of the conditions set forth in Article IV hereof, the Incremental Amendment No. 1 Term B Lender hereby agrees to make the Incremental Amendment No. 1 Term B Commitment in the amount set forth opposite its name on Schedule 1 hereto, on the terms and conditions set forth herein and in Section 2.14 of the Credit Agreement, and the Incremental Amendment No. 1 Term B Loans made on the Incremental Amendment No. 1 Funding Date in such amount shall be added to and constitute a part of the same Class of Term Loans as the Term B Loans existing under the Credit Agreement immediately prior to giving effect to this Amendment (such existing Term B Loans, the “Existing Term B Loans”).

Appears in 2 contracts

Sources: Credit Agreement (KORE Group Holdings, Inc.), Credit Agreement (King Pubco, Inc.)