Common use of Incremental Term Loan Commitments Clause in Contracts

Incremental Term Loan Commitments. (a) The Borrower may, by written notice to the Administrative Agent from time to time, request Incremental Term Loan Commitments in an amount (excluding any Incremental Term Loan Commitments in respect of Refinancing Term Loans) not to exceed the Incremental Term Loan Amount from one or more Incremental Term Lenders, which may include any existing Lender; provided that each Incremental Term Lender, if not already a Lender hereunder, shall be subject to the approval of the Administrative Agent to the extent such consent would be required for an assignment to such Lender pursuant to Section 11.06(b). Such notice shall set forth (i) the amount of the Incremental Term Loan Commitments being requested (which shall be in minimum increments of $1.0 million and a minimum amount of $5.0 million or such lesser amount equal to the remaining Incremental Term Loan Amount), (ii) the date on which such Incremental Term Loan Commitments are requested to become effective, and (iii) whether such Incremental Term Loan Commitments are commitments to make additional Term Loans or commitments to make term loans with terms different from the Loans (“Other Term Loans”).

Appears in 4 contracts

Samples: Credit Agreement (Container Store Group, Inc.), Credit Agreement (Container Store Group, Inc.), Credit Agreement (Container Store Group, Inc.)

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Incremental Term Loan Commitments. (a) The On or before the Facility Maturity Date, a Borrower may, by written notice to the Administrative Agent from time to time, request incremental term loan commitments (the “Incremental Term Loan Commitments Commitments”) in an aggregate amount (excluding any Incremental Term Loan Commitments in respect of Refinancing Term Loans) at such time not to exceed the Incremental Term Loan Amount at such time from one or more Incremental Term LendersLenders willing to provide such Incremental Term Loans in their own discretion; provided, which may include any existing Lender; provided that each Incremental Term Lender, if not already a Lender hereunderan Eligible Assignee, shall be subject to the approval of the Administrative Agent to and the extent such consent would Borrowers (which approval shall not be required for an assignment to such Lender pursuant to Section 11.06(bunreasonably withheld). Such notice shall set forth (i) the Borrower, (ii) the amount of the Incremental Term Loan Commitments being requested (which shall be in minimum increments of $1.0 million and a minimum amount of $5.0 million 10,000,000 or such lesser amount equal to the remaining Incremental Term Loan Amount), (iiiii) the date on which such Incremental Term Loan Commitments are requested to become effective, effective (an “Increased Amount Date”) and (iiiiv) whether such Incremental Term Loan Commitments are commitments to make additional be Term Loans Loan Commitments or commitments to make term loans with terms different from the Loans (“Other Term Loans”).

Appears in 2 contracts

Samples: Collateral Agreement (Stratus Technologies Bermuda Holdings Ltd.), Credit Agreement (Stratus Technologies Bermuda Holdings Ltd.)

Incremental Term Loan Commitments. (a) The Borrower or any Co-Borrower may, by written notice to the Administrative Agent from time to time, request Incremental Term Loan Commitments in an amount (excluding any Incremental Term Loan Commitments in respect of Refinancing Term Loans) not to exceed the Incremental Amount available at the time such Incremental Term Loan Amount Commitments are established (or, at the option of the Borrower or such Co-Borrower, at the time of incurrence of the Incremental Term Loans thereunder) from one or more Incremental Term Lenders, Lenders (which may include any existing Lender; provided that each ) willing to provide such Incremental Term Lender, if not already a Lender hereunder, shall be subject to the approval of the Administrative Agent to the extent such consent would be required for an assignment to such Lender pursuant to Section 11.06(b)Loans in their own discretion. Such notice shall set forth (i) the amount of the Incremental Term Loan Commitments being requested (which shall be in minimum increments of $1.0 million 5,000,000 and a minimum amount of $5.0 million 10,000,000, or such lesser amount equal to the remaining Incremental Term Loan AmountAmount or, in each case, such lesser amount approved by the Administrative Agent), (ii) the date on which such Incremental Term Loan Commitments are requested to become effective, effective and (iii) whether such Incremental Term Loan Commitments are commitments to make additional Term Loans or be (x) commitments to make term loans with terms identical to Term A Loans or (y) commitments to make term loans with pricing, maturity, amortization, participation in mandatory prepayments and/or other terms different from the Term A Loans (“Other Term Loans”).

Appears in 1 contract

Samples: Term Loan Credit Agreement (ADT Inc.)

Incremental Term Loan Commitments. (a) The Borrower Terex may, from time to time, by written notice to the Administrative Agent from time to timeAgent, request Incremental Term Loan Commitments in an amount (excluding any Incremental Term Loan Commitments in respect of Refinancing Term Loans) not to exceed the Incremental Term Loan Amount from one or more Incremental Term Lenders, which may include any existing Lender; provided that each Incremental Term Lender, if not already a Lender hereunder, shall be subject to the approval of the Administrative Agent to (which approval shall not be unreasonably withheld and shall be given or withheld within three Business Days and, if withheld, the extent such consent would reason therefor shall be required for an assignment to such Lender pursuant to Section 11.06(bspecified in writing promptly thereafter). Such notice shall set forth (i) the amount of the Incremental Term Loan Commitments being requested (which shall be in minimum increments of $1.0 million 1,000,000 and a minimum amount of $5.0 million 5,000,000 or such lesser amount equal to the remaining Incremental Term Loan Amount), (ii) the date on which such Incremental Term Loan Commitments are requested to become effective, effective (which shall not be less than 10 Business Days nor more than 60 calendar days after the date of such notice) and (iii) whether such Incremental Term Loan Commitments are commitments to make additional be Term Loans Loan Commitments or commitments to make term loans with terms different from the Term Loans ("Other Term Loans").

Appears in 1 contract

Samples: Credit Agreement (Terex Corp)

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Incremental Term Loan Commitments. (a) The After the Closing Date has occurred, the Borrower Representative may, by written notice to the Administrative Agent from time to time, request Incremental Term Loan Commitments in an amount (excluding any Incremental Term Loan Commitments in respect of Refinancing Term Loans) not to exceed the Incremental Amount available at the time such Incremental Term Loan Amount Loans are funded (except as set forth in clause (C) of the third paragraph under Section 6.01) from one or more Incremental Term Lenders, Lenders (which may include any existing Lender; provided that each , but shall be required to be persons which would qualify as assignees of a Lender in accordance with Section 9.04) willing to provide such Incremental Term Lender, if not already a Lender hereunder, shall be subject to the approval of the Administrative Agent to the extent such consent would be required for an assignment to such Lender pursuant to Section 11.06(b)Loans in their sole discretion. Such notice shall set forth (i) the amount of the Incremental Term Loan Commitments being requested (which shall be in minimum increments of $1.0 million 5,000,000 and a minimum amount of $5.0 million 10,000,000, or such lesser amount equal to the remaining Incremental Term Loan AmountAmount or, in each case, such lesser amount approved by the Administrative Agent), (ii) the date on which such Incremental Term Loan Commitments are requested to become effective, effective and (iii) whether such Incremental Term Loan Commitments are commitments to make additional Term Loans or be (x) commitments to make term loans with terms identical to (and which shall together with any then outstanding Term B-1 Loans, as applicable, form a single Class of) the Term B-1 Loans or (y) commitments to make term loans with pricing, maturity, amortization, participation in mandatory prepayments and/or other terms different from the Term B-1 Loans (“Other Incremental Term Loans”).

Appears in 1 contract

Samples: Term Loan Credit Agreement (Adient PLC)

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