Common use of Incremental Term Loans Clause in Contracts

Incremental Term Loans. Subject to Section 2.02(g), on the effective date of any Incremental Term Loan Lender Joinder Agreement, each Incremental Term Lender party to such Incremental Term Loan Lender Joinder Agreement severally agrees to make a term loan in one or more advances to the Borrower in the amount of its respective Incremental Term Commitment with respect to such Incremental Term Facility as set forth in such Incremental Term Loan Lender Joinder Agreement; provided, that, after giving effect to such advances, the Outstanding Amount of such Incremental Term Loans shall not exceed the aggregate amount of the Incremental Term Commitments set forth in the applicable Incremental Term Loan Lender Joinder Agreement of the applicable Incremental Term Lenders. Each Incremental Term Borrowing shall consist of Incremental Term Loans made simultaneously by the Incremental Term Lenders in accordance with their respective Applicable Percentage of the applicable Incremental Term Facility. Incremental Term Borrowings prepaid or repaid may not be reborrowed. Incremental Term Loans may be Base Rate Loans or Term SOFR Loans, as further provided herein.

Appears in 2 contracts

Sources: Credit Agreement (Ducommun Inc /De/), Credit Agreement (Ducommun Inc /De/)

Incremental Term Loans. Subject to Section 2.02(g), on the effective date of any Incremental Term Loan Lender Joinder Agreement, each Incremental Term Lender party to such Incremental Term Loan Lender Joinder Agreement severally agrees to make a term loan in one or more advances a single advance to the applicable Borrower in the amount of its respective Incremental Term Commitment with respect to such Incremental Term Facility as set forth in such Incremental Term Loan Lender Joinder Agreement; provided, thathowever, that after giving effect to such advances, the Outstanding Amount of such Incremental Term Loans shall not exceed the aggregate amount of the Incremental Term Commitments set forth in the applicable Incremental Term Loan Lender Joinder Agreement of the applicable Incremental Term Lenders. Each Incremental Term Borrowing shall consist of Incremental Term Loans made simultaneously by the Incremental Term Lenders in accordance with their respective Applicable Percentage of the applicable Incremental Term Facility. Incremental Term Borrowings prepaid or repaid may not be reborrowed. Incremental Term Loans may be Base Rate Loans or Term SOFR Eurodollar Rate Loans, as further provided herein.

Appears in 2 contracts

Sources: Credit Agreement (Amedisys Inc), Credit Agreement (Amedisys Inc)

Incremental Term Loans. Subject to Section 2.02(g)2.19, on the effective date of any other terms and conditions set forth herein and the relevant Incremental Term Loan Lender Joinder Commitment Agreement, each Incremental Term Lender party to such with an Incremental Term Loan Lender Joinder Agreement Commitment severally agrees to make a term loan in or term loans having the same maturity, amortization, and interest rate terms as the Initial Term Loans (each, an “Incremental Term Loan” and, collectively, the “Incremental Term Loans”) to the Borrower, which Incremental Term Loans: (i) may only be incurred on one or more advances to Incremental Term Loan Borrowing Dates (which dates in any event shall not be later than the Borrower in the amount of its respective Incremental Term Commitment with respect to Cut-Off Date), (ii) shall be made by each such Lender in an aggregate principal amount which does not exceed the Incremental Term Facility Loan Commitment of such Lender (as set forth in such the relevant Incremental Term Loan Lender Joinder Commitment Agreement; provided, that, after giving effect to such advances, the Outstanding Amount of such Incremental Term Loans shall not exceed the aggregate amount of the Incremental Term Commitments set forth in ) on the applicable Incremental Term Loan Lender Joinder Agreement of Borrowing Date and (iii) may not be used to repay existing Term Loans or any other Indebtedness which by its terms is subordinated to the applicable Incremental Term LendersObligations. Each Incremental Term Borrowing shall consist of Once repaid or prepaid, Incremental Term Loans made simultaneously by the Incremental Term Lenders in accordance with their respective Applicable Percentage of the applicable Incremental Term Facility. Incremental Term Borrowings prepaid or repaid may not be reborrowed. Incremental Term Loans may be Base Rate Loans or Term SOFR Loans, as further provided herein.

Appears in 1 contract

Sources: Credit Agreement (DG FastChannel, Inc)

Incremental Term Loans. Subject to Section 2.02(g), on the effective date of any Incremental Term Loan Lender Joinder Agreement, each Incremental Term Lender party to such Incremental Term Loan Lender Joinder Agreement severally agrees to make a term loan in one or more advances a single advance to the applicable Borrower in the amount of its respective Incremental Term Commitment with respect to such Incremental Term Facility as set forth in such Incremental Term Loan Lender Joinder Agreement; provided, however, that, after giving effect to such advances, the Outstanding Amount of such Incremental Term Loans shall not exceed the aggregate amount of the Incremental Term Commitments set forth in the applicable Incremental Term Loan Lender Joinder Agreement of the applicable Incremental Term Lenders. Each Incremental Term Borrowing shall consist of Incremental Term Loans made simultaneously by the Incremental Term Lenders in accordance with their respective Applicable Percentage of the applicable Incremental Term Facility. Incremental Term Borrowings prepaid or repaid may not be reborrowed. Incremental Term Loans may be Base Rate Loans or Term SOFR Loans, as further provided herein.

Appears in 1 contract

Sources: Credit Agreement (Amedisys Inc)

Incremental Term Loans. (i) Subject to Section 2.02(g)the terms and conditions set forth herein, on the effective date of any the applicable Incremental Term Loan Lender Joinder Agreement, each Incremental Term Lender party to such Incremental Term Loan Lender Joinder Agreement severally agrees to make its portion of the applicable Incremental Term Loan in a term loan in one or more advances single advance to the Borrower in the amount of its respective Incremental Term Loan Commitment with respect to such Incremental Term Facility as set forth in such the applicable Incremental Term Loan Lender Joinder Agreement; provided, thathowever, that after giving effect to such advances, the Outstanding Amount of such Incremental Term Loans Loan shall not exceed the aggregate amount of the Incremental Term Loan Commitments of the Incremental Term Loan Lenders set forth in the applicable such Incremental Term Loan Lender Joinder Agreement of Agreement. Amounts repaid on the applicable Incremental Term Lenders. Each Incremental Term Borrowing shall consist of Incremental Term Loans made simultaneously by the Incremental Term Lenders in accordance with their respective Applicable Percentage of the applicable Incremental Term Facility. Incremental Term Borrowings prepaid or repaid may not be reborrowed. The Incremental Term Loans may be consist of Base Rate Loans Loans, Eurodollar Rate Loans, or Term SOFR Loansa combination thereof, as further provided herein. For the avoidance of doubt, as of the Closing Date, no Incremental Term Loans are available to the Borrower.

Appears in 1 contract

Sources: Credit Agreement (Energen Corp)

Incremental Term Loans. Subject to Section 2.02(g), on the effective date of any Incremental Term Loan Lender Joinder AgreementFacility Agreement for any Incremental Term Facility, each Incremental Term Lender party to under such Incremental Term Loan Lender Joinder Agreement Facility severally agrees to make a term loan in one or more advances an Incremental Term Loan to the Borrower in Dollars and in the amount of its respective such Incremental Term Lender’s Incremental Term Commitment with respect to for such Incremental Term Facility as set forth in such Incremental Term Loan Lender Joinder AgreementFacility; provided, that, after giving effect to such advancesIncremental Term Loans, the Outstanding Amount of such Incremental Term Loans under such Incremental Term Facility shall not exceed the aggregate amount of the Incremental Term Commitments set forth in the applicable for such Incremental Term Loan Lender Joinder Agreement of the applicable Incremental Term LendersFacility. Each Incremental Term Borrowing under an Incremental Term Facility shall consist of Incremental Term Loans made simultaneously by the Incremental Term Lenders under such Incremental Term Facility in accordance with their respective Applicable Percentage of the applicable Incremental Term Commitments for such Incremental Term Facility. Incremental Term Borrowings prepaid or repaid may not be reborrowed. Incremental Term Loans may be Base Rate Loans or Term BSBY RateTerm SOFR Loans, as further provided herein.

Appears in 1 contract

Sources: Credit Agreement (Corsair Gaming, Inc.)

Incremental Term Loans. Subject to Section 2.02(g)2.16, on the effective date of any Incremental Term Loan Lender Joinder Agreement, each Incremental Term Lender party to such Incremental Term Loan Lender Joinder Agreement severally agrees to make a term loan in one or more advances a single advance to the Borrower in the amount of its respective Incremental Term Commitment with respect to such Incremental Term Facility as set forth in such Incremental Term Loan Lender Joinder Agreement; provided, however, that, after giving effect to such advances, the Outstanding Amount of such Incremental Term Loans shall not exceed the aggregate amount of the Incremental Term Commitments set forth in the applicable Incremental Term Loan Lender Joinder Agreement of the applicable Incremental Term Lenders. Each Incremental Term Borrowing shall consist of Incremental Term Loans made simultaneously by the Incremental Term Lenders in accordance with their respective Applicable Percentage of the applicable Incremental Term Facility. Incremental Term Borrowings prepaid or repaid may not be reborrowed. Incremental Term Loans may be Base Rate Loans or Term SOFR Loans, as further provided herein.

Appears in 1 contract

Sources: Credit Agreement (Apogee Enterprises, Inc.)

Incremental Term Loans. Subject to Section 2.02(g2.01(d), on the effective date of any Incremental Term Loan Lender Joinder Agreement, each Incremental Term Lender party to such Incremental Term Loan Lender Joinder Agreement severally agrees to make a term loan in one or more advances a single advance to the applicable Borrower in the amount of its respective Incremental Term Commitment with respect to such Incremental Term Facility as set forth in such Incremental Term Loan Lender Joinder Agreement; provided, thathowever, that after giving effect to such advances, the Outstanding Amount of such Incremental Term Loans shall not exceed the aggregate amount of the Incremental Term Commitments set forth in the applicable Incremental Term Loan Lender Joinder Agreement of the applicable Incremental Term Lenders. Each Incremental Term Borrowing shall consist of Incremental Term Loans made simultaneously by the Incremental Term Lenders in accordance with their respective Applicable Percentage of the applicable Incremental Term Facility. Incremental Term Borrowings prepaid or repaid may not be reborrowed. Incremental Term Loans may be Base Rate Loans or Term SOFR Eurodollar Rate Loans, or a combination thereof, as further provided herein.

Appears in 1 contract

Sources: Credit Agreement (Intl Fcstone Inc.)

Incremental Term Loans. Subject to Section 2.02(g), on the effective date of any Incremental Term Loan Lender Joinder Agreement, each Incremental Term Lender party to such Incremental Term Loan Lender Joinder Agreement severally agrees to make a term loan in one or more advances advance to the Borrower in the amount of its respective Incremental Term Commitment with respect to such Incremental Term Facility as set forth in such Incremental Term Loan Lender Joinder Agreement; provided, thathowever, that after giving effect to any such advancesadvance, the Outstanding Amount of such Incremental Term Loans shall not exceed the aggregate amount of the Incremental Term Commitments set forth in the applicable Incremental Term Loan Lender Joinder Agreement of the applicable Incremental Term Lenders. Each Incremental Term Borrowing shall consist of Incremental Term Loans made simultaneously by the Incremental Term Lenders in accordance with their respective Applicable Percentage of the applicable Incremental Term Facility. Incremental Term Borrowings prepaid or repaid may not be reborrowed. Incremental Term Loans may be Base Rate Loans or Term SOFR Eurocurrency Rate Loans, as further provided herein.

Appears in 1 contract

Sources: Credit Agreement (Aerojet Rocketdyne Holdings, Inc.)

Incremental Term Loans. Subject to Section 2.02(g), on the effective date of any Incremental Term Loan Lender Joinder AgreementFacility Agreement for any Incremental Term Facility, each Incremental Term Lender party to under such Incremental Term Loan Lender Joinder Agreement Facility severally agrees to make a term loan in one or more advances an Incremental Term Loan to the Borrower in Dollars and in the amount of its respective such Incremental Term Lender’s Incremental Term Commitment with respect to for such Incremental Term Facility as set forth in such Incremental Term Loan Lender Joinder AgreementFacility; provided, that, after giving effect to such advancesIncremental Term Loans, the Outstanding Amount of such Incremental Term Loans under such Incremental Term Facility shall not exceed the aggregate amount of the Incremental Term Commitments set forth in the applicable for such Incremental Term Loan Lender Joinder Agreement of the applicable Incremental Term LendersFacility. Each Incremental Term Borrowing under an Incremental Term Facility shall consist of Incremental Term Loans made simultaneously by the Incremental Term Lenders under such Incremental Term Facility in accordance with their respective Applicable Percentage of the applicable Incremental Term Commitments for such Incremental Term Facility. Incremental Term Borrowings prepaid or repaid may not be reborrowed. Incremental Term Loans may be Base Rate Loans or Term SOFR Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Sources: Credit Agreement (Corsair Gaming, Inc.)

Incremental Term Loans. Subject to Section 2.02(g), on the effective date of any Incremental Term Loan Lender Joinder Agreement, each Incremental Term Lender party to such Incremental Term Loan Lender Joinder Agreement severally agrees to make a term loan in one or more advances a single advance to the applicable Borrower in the amount of its respective Incremental Term Commitment with respect to such Incremental Term Facility as set forth in such Incremental Term Loan Lender Joinder Agreement; provided, however, that, after giving effect to such advances, the Outstanding Amount of such Incremental Term Loans shall not exceed the aggregate amount of the Incremental Term Commitments set forth in the applicable Incremental Term Loan Lender Joinder Agreement of the applicable Incremental Term Lenders. Each Incremental Term Borrowing shall consist of Incremental Term Loans made simultaneously by the Incremental Term Lenders in accordance with their respective Applicable Percentage of the applicable Incremental Term Facility. Incremental Term Borrowings prepaid or repaid may not be reborrowed. Incremental Term Loans may be Base Rate Loans or Term SOFR Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Sources: Credit Agreement (Amedisys Inc)

Incremental Term Loans. (i) Subject to Section 2.02(g)the terms and conditions set forth herein, on the effective date of any the applicable Incremental Term Loan Lender Joinder Agreement, each Incremental Term Lender party to such Incremental Term Loan Lender Joinder Agreement severally agrees to make its portion of the applicable Incremental Term Loan in a term loan in one or more advances single advance to the Borrower in the amount of its respective Incremental Term Loan Commitment with respect to such Incremental Term Facility as set forth in such the applicable Incremental Term Loan Lender Joinder Agreement; provided, thathowever, that after giving effect to such advances, the Outstanding Amount of such Incremental Term Loans Loan shall not exceed the aggregate amount of the Incremental Term Loan Commitments of the Incremental Term Loan Lenders set forth in the applicable such Incremental Term Loan Lender Joinder Agreement of Agreement. Amounts repaid on the applicable Incremental Term Lenders. Each Incremental Term Borrowing shall consist of Incremental Term Loans made simultaneously by the Incremental Term Lenders in accordance with their respective Applicable Percentage of the applicable Incremental Term Facility. Incremental Term Borrowings prepaid or repaid may not be reborrowed. The Incremental Term Loans may be consist of Base Rate Loans Loans, Eurodollar Rate Loans, or Term SOFR Loansa combination thereof, as further provided herein.

Appears in 1 contract

Sources: Credit Agreement (Energen Corp)

Incremental Term Loans. Subject to Section 2.02(g), on the effective date of any Incremental Term Loan Lender Joinder Agreement, each Incremental Term Lender party to such Incremental Term Loan Lender Joinder Agreement severally agrees to make a term loan in one or more advances a single advance to the Parent Borrower in the amount of its respective Incremental Term Commitment with respect to such Incremental Term Facility as set forth in such Incremental Term Loan Lender Joinder Agreement; provided, however, that, after giving effect to such advances, the Outstanding Amount of such Incremental Term Loans shall not exceed the aggregate amount of the Incremental Term Commitments set forth in the applicable Incremental Term Loan Lender Joinder Agreement of the applicable Incremental Term Lenders. Each Incremental Term Borrowing shall consist of Incremental Term Loans made simultaneously by the Incremental Term Lenders in accordance with their respective Applicable Percentage of the applicable Incremental Term Facility. Incremental Term Borrowings prepaid or repaid may not be reborrowed. Incremental Term Loans may be Base Rate Loans or Term SOFR Loans, as further provided herein.. 

Appears in 1 contract

Sources: Credit Agreement (Graybar Electric Co Inc)

Incremental Term Loans. Subject to Section 2.02(g)2.16, on the effective date of any Incremental Term Loan Lender Joinder Agreement or during the availability period provided for in any Incremental Term Loan Lender Joinder Agreement, each Incremental Term Lender party to such Incremental Term Loan Lender Joinder Agreement severally agrees to make a term loan in one or more advances to the Borrower in the amount of its respective Incremental Term Commitment with respect to such Incremental Term Facility as set forth in such Incremental Term Loan Lender Joinder Agreement; provided, however, that, after giving effect to such advances, the Outstanding Amount of such Incremental Term Loans shall not exceed the aggregate amount of the Incremental Term Commitments set forth in the applicable Incremental Term Loan Lender Joinder Agreement of the applicable Incremental Term Lenders. Each Incremental Term Borrowing shall consist of Incremental Term Loans made simultaneously by the Incremental Term Lenders in accordance with their respective Applicable Percentage of the applicable Incremental Term Facility. Incremental Term Borrowings prepaid or repaid may not be reborrowed. Incremental Term Loans may be Base Rate Loans or Term SOFR Loans, as further provided herein.

Appears in 1 contract

Sources: Credit Agreement (Shenandoah Telecommunications Co/Va/)

Incremental Term Loans. Subject to Section 2.02(g), on the effective date of any Incremental Term Loan Lender Joinder Agreement, each Incremental Term Lender party to such Incremental Term Loan Lender Joinder Agreement severally agrees to make a term loan in one or more advances to the Borrower in the amount of its respective Incremental Term Commitment with respect to such Incremental Term Facility as set forth in such Incremental Term Loan Lender Joinder Agreement; provided, thathowever, that after giving effect to such advances, the Outstanding Amount of such Incremental Term Loans shall not exceed the aggregate amount of the Incremental Term Commitments set forth in the applicable Incremental Term Loan Lender Joinder Agreement of the applicable Incremental Term Lenders. Each Incremental Term Borrowing shall consist of Incremental Term Loans made simultaneously by the Incremental Term Lenders in accordance with their respective Applicable Percentage of the applicable Incremental Term Facility. Incremental Term Borrowings prepaid or repaid may not be reborrowed. Incremental Term Loans may be Base Rate Loans or Term SOFR Eurodollar Rate Loans, as further provided herein.

Appears in 1 contract

Sources: Credit Agreement (Ducommun Inc /De/)

Incremental Term Loans. Subject to Section 2.02(g)the terms and conditions set forth herein, on the effective date of any each Incremental Term Loan Lender Joinder Agreement, each having an Incremental Term Lender party to such Commitment under the relevant Incremental Term Loan Lender Joinder Agreement Facility severally agrees to make a term loan in one or more advances to the Borrower in the amount of its respective Incremental Term Commitment with respect Loans pursuant to such Incremental Term Facility as set forth in an amount equal to its Incremental Term Commitment under such Incremental Term Loan Lender Joinder Agreement; provided, that, after giving effect Facility to such advances, the Outstanding Amount of such Incremental Term Loans shall not exceed the aggregate amount of the Incremental Term Commitments set forth in Borrower on the applicable Incremental Term Loan Lender Joinder Agreement of the Facility Closing Date. The applicable Incremental Term Lenders. Each Incremental Term Borrowing shall consist of Incremental Term Loans made simultaneously by the applicable Incremental Term Loan Lenders in accordance with their respective Applicable Percentage of the applicable Incremental Term Commitments under such Incremental Term Facility. Incremental Term Borrowings Amounts borrowed under this Section 2.01(c) and repaid or prepaid or repaid may not be reborrowed. Incremental Term Loans may be Base Rate Loans or Term SOFR Loans, Eurodollar Rate Loans as further provided herein.

Appears in 1 contract

Sources: Credit Agreement (Cincinnati Bell Inc)

Incremental Term Loans. Subject to Section 2.02(g2.02(h), on the effective date of any Incremental Term Loan Lender Joinder AgreementFacility Agreement for any Incremental Term Facility, each Incremental Term Lender party to under such Incremental Term Loan Lender Joinder Agreement Facility severally agrees to make a term loan in one or more advances an Incremental Term Loan to the Borrower in Dollars and in the amount of its respective such Incremental Term Lender’s Incremental Term Commitment with respect to for such Incremental Term Facility as set forth in such Incremental Term Loan Lender Joinder AgreementFacility; provided, that, after giving effect to such advancesIncremental Term Loans, the Outstanding Amount of such Incremental Term Loans under such Incremental Term Facility shall not exceed the aggregate amount of the Incremental Term Commitments set forth in the applicable for such Incremental Term Loan Lender Joinder Agreement of the applicable Incremental Term LendersFacility. Each Incremental Term Borrowing under an Incremental Term Facility shall consist of Incremental Term Loans made simultaneously by the Incremental Term Lenders under such Incremental Term Facility in accordance with their respective Applicable Percentage of the applicable Incremental Term Commitments for such Incremental Term Facility. Incremental Term Borrowings prepaid or repaid may not be reborrowed. Incremental Term Loans may be Base Rate Loans or Term SOFR Loans, as further provided herein.

Appears in 1 contract

Sources: Credit Agreement (Corsair Gaming, Inc.)