Common use of Incremental Term Clause in Contracts

Incremental Term. 1 Loan. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documents, each Lender with an Incremental Term-1 Loan Commitment severally agrees to make the Incremental Term-1 Loan in US Dollars to Anixter on the Second Amendment Effective Date in a principal amount equal to such Lender’s Incremental Term-1 Loan Commitment.

Incremental Term. 1 Loan. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documents, each Lender with an Incremental Term-1 Loan Commitment severally agrees to make the Incremental Term-1 Loan in US Dollars to Anixter the Borrower on the Second Amendment Incremental Term-1 Loan Effective Date in a principal amount equal to such Lender’s Incremental Term-1 Loan Commitment.