Incremental Term Loan Facility. (i) An Incremental Term Loan Facility shall be on the terms and provisions set forth in Section 2.16(a) and this Section 2.16(g).
Incremental Term Loan Facility. See §2.10.
Incremental Term Loan Facility. The Lenders party hereto hereby agree to the addition of a new term loan facility in the form of a Term Loan Increase pursuant to, and in accordance with, Section 2.14A of the Credit Agreement.
Incremental Term Loan Facility. (a) In accordance with §2.11, the Borrowers may, at any time (but no more than once during the term of the Facility), by written notice to Agent, request that a portion of the available Commitment Increases permitted under §2.11 be designated as a single incremental term loan (an “Incremental Term Loan Facility”) to be made available by the existing Lenders and/or Additional Incremental Term Loan Lenders, and to be effective as of the date specified in such notice (the “Incremental Term Loan Date”) as specified in the related notice to Agent; provided, however, that (i) in no event shall the amount of the Incremental Term Loan Facility be less than $25,000,000.00 or, when combined with any and all prior Commitment Increases, result in the Total Commitment exceeding Six Hundred Million Dollars ($600,000,000.00), (ii) the maturity date of the Incremental Term Loan Facility shall be the date occurring five (5) years following the Incremental Term Loan Date, or such earlier date on which the Loans shall become due and payable pursuant to the terms hereof by virtue of the occurrence of an Event of Default (the “Incremental Term Loan Maturity Date”) and (iii) the Incremental Term Loan Facility shall otherwise be on terms identical to the Facility. In no event shall any Lender be required to participate in the Incremental Term Loan Facility.
Incremental Term Loan Facility. The Borrower and CoBank may agree, and from time to time, upon at least 30 days’ prior written notice to the Administrative Agent, that CoBank shall make an additional term loan facility available to the Borrower under this Subsection 9 (the “Incremental Term Loan Facility”; the commitment thereunder, an “Incremental Term Loan Commitment”). The Incremental Term Loan Facility, if any, shall be documented by a supplement to the MLA (or restatement thereof) signed by the Borrower and CoBank. Notwithstanding the foregoing: (i) the principal amount of the Incremental Term Loan Commitment shall not exceed $6,000,000; (ii) CoBank shall not be obligated to participate in such increase, which decision shall be made in the sole discretion of CoBank; (iii) to the extent that any applicable interest rate margins for the Incremental Term Loan Facility exceed by more than 0.25% the applicable interest rate margins for the Loan, determined as of the initial funding date for the Incremental Term Loan Facility, the Applicable Margin for the Loan shall be increased so that the interest rate margins on the Incremental Term Loan Facility and the Loan are equal; (iv) any covenant or Event of Default applicable to the Incremental Term Loan Facility that is more restrictive than the equivalent covenant or Event of Default set forth in this Agreement shall be deemed to be applicable to the Loan hereunder; (v) no Default or Event of Default shall have occurred and be continuing or result after giving effect to the Incremental Term Loan Facility and the borrowings contemplated thereunder, and the Borrower shall be in pro forma compliance with the financial covenants contained in Subsection 8(I) of the MLA; and (vi) the Revolver Increase (as defined in the Second Supplement) shall not have taken place. CoBank shall have no obligation, and shall have no right, to participate in the Incremental Term Loan Facility. Amended and Restated Third Supplement to the Amended and Restated Master Loan Agreement/New Ulm Telecom, Inc. Loan No. RX0583-T3A
Incremental Term Loan Facility. (i) In addition to Borrowings of Term Loans pursuant to Section 2.01(b), at any time and from time to time so long as, before and after giving effect to any Loans under this Section 2.01(c), no Default shall have occurred and be continuing, the Borrower may, by notice to the Administrative Agent, request that one or more Persons (which may include any Lender) offer, in their sole discretion, to enter into commitments ("Incremental Term Commitments") to make additional Term Loans, which shall be used only to fund Permitted Acquisitions permitted under Section 7.02(f), in an aggregate principal amount not to exceed $20,000,000 ("Incremental Term Loans"); it being understood that, the consent of the Administrative Agent to such Person becoming a Lender hereunder shall be required to the extent such consent would be required by Section 10.07(b) if such Person was an assignee of Term Loans.
Incremental Term Loan Facility. The Borrower may approach any Lender or any Person that would constitute an Eligible Assignee to provide all or a portion of the requested increase; provided that (w) any Lender offered or approached to provide all or a portion of the requested increase may elect or decline, in its sole discretion, to provide all or a portion of such increase, (x) no Person approached shall become a Lender without the written consent of the Administrative Agent (which consent shall not be unreasonably withheld), if such consent would be required for such Person to be an assignee of a Revolving Credit Commitment or a Revolving Credit Loan pursuant to Section 10.06(b)(iii)(B), (y) no Person approached shall become a Revolving Credit Lender without the written consent of the L/C Issuers and (z) the Borrower shall not be obligated to offer any existing Lender the opportunity to provide any portion of a requested increase. At the time of sending its notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Lender and other Person approached by the Borrower is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to such Lenders).
Incremental Term Loan Facility. (a) Subject to the terms and conditions set forth herein and the Amended Credit Agreement, each of the Amendment No. 3 Term Lenders hereby (i) commits to provide Amendment No. 3 Term Loans to the Borrower in the amount of its Amendment No. 3 Term Commitment (as defined below), (ii) agrees, on the Amendment No. 3 Effective Date, to fund the Amendment No. 3 Term Loans to the Borrower in the amount set forth opposite such Amendment No. 3 Term Lender’s name on Schedule I hereto (as to each such Amendment No. 3 Term Lender, its “Amendment No. 3 First Funding Term Commitment” (for the avoidance of doubt, including the funding of the First Funding Exit Fee Escrowed Amount), and the term loans made by each Amendment No. 3 Term Lender in respect thereof, its “Amendment No. 3 First Funding Term Loans”), and (iii) agrees, on the Amendment No. 3 Second Funding Date, to fund the Amendment No. 3 Term Loans to the Borrower in the amount set forth opposite such Amendment No. 3 Term Lender’s name on Schedule II hereto (as to each such Amendment No. 3 Term Lender, its “Amendment No. 3 Second Funding Term Commitment” (for the avoidance of doubt, including the funding of the Second Funding Exit Fee Escrowed Amount), and the term loans made by each Amendment No. 3 Term Lender in respect thereof, its “Amendment No. 3 Second Funding Term Loans” and, the Amendment No. 3 First Funding Term Commitment, together with the Amendment No. 3 Second Funding Term Commitment, the “Amendment No. 3 Term Commitment”). The Amendment No. 3 First Funding Term Commitments will terminate in full upon the Amendment No. 3
Incremental Term Loan Facility. (a) The Borrower may, at any time, by written notice to the Administrative Agent, request that a portion of the available Additional Commitments permitted under Section 2.24 be designated as an incremental term loan (each, an “Incremental Term Loan Facility”) to be made available by the existing Lenders and/or Additional Incremental Term Loan Lenders, and to be effective as of the date specified in such notice (the “
Incremental Term Loan Facility. (a) Subject to the conditions set forth below, at any time prior to the Tranche A-1 Term Loan Maturity Date, the Borrower shall have the right, upon not less than fifteen (15) days' prior written notice (an "Incremental Term Loan Notification") to the Administrative Agent (which shall promptly advise each Lender of its receipt and the contents thereof) to request Incremental Term Loan Commitments under this Agreement. Such Incremental Term Loan Notification shall specify the applicable Incremental Term Loan Effective Date.
