Incremental Term Commitments. The Borrower may at any time or from time to time after the Closing Date, by written notice to the Agents (whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders) (an “Incremental Term Loan Request”), request the establishment of one or more new commitments which shall be in the same Credit Facility as any outstanding Initial Term Loans (a “Term Loan Increase” and, collectively with any Term Loan Increase, the “Incremental Term Commitments”) in an aggregate principal amount not to exceed, $40,000,000.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Lument Finance Trust, Inc.), Credit and Guaranty Agreement (Hunt Companies Finance Trust, Inc.)