Terms of Incremental Term Loan Commitments Sample Clauses
Terms of Incremental Term Loan Commitments. The terms and provisions of Loans made pursuant to the Incremental Term Loan Commitments (“Incremental Term Loans” and, together with the Incremental Term Loan Commitments related thereto, the “Incremental Term Loan Facility”) shall be as determined by the Canadian Borrower and the lenders providing such Incremental Term Loan Commitments (the “Incremental Term Loan Lenders”), which terms and provisions shall be set forth in the Increase Joinder with respect to such Incremental Term Loan Commitments; provided that:
(i) if the amortization requirements for the Incremental Term Facility differ from the amortization requirements for the Term B-2 Loans, the Weighted Average Life to Maturity of any Incremental Term Loans shall be no shorter than the Weighted Average Life to Maturity applicable to the then outstanding Term B-2 Loans; provided that up to $150.0 million of Incremental Term Loans, less the amount, if any, of Indebtedness secured by Liens incurred pursuant to the exception set forth in the last proviso of Section 6.02(i), may have a shorter Weighted Average Life to Maturity than the then outstanding Term B-2 Loans so long as such Weighted Average Life to Maturity is not shorter than the Weighted Average Life to Maturity of the then outstanding Term A Loans; provided, further, that any Incremental Term Loans incurred solely for the purpose of funding export-import bank financings (“Export Financing”) may have a shorter Weighted Average Life to Maturity than the then outstanding Term B-2 Loans so long as the Weighted Average Life to Maturity for such Incremental Term Loans is no shorter than the Weighted Average Life to Maturity of the then outstanding Term A Loans;
(ii) other than with respect to the Incremental Term Loans described in the proviso in clause (i) above, the maturity date of Incremental Term Loans shall not be earlier than the Term B Loan Maturity Date;
(iii) the Incremental Term Loan Facility shall receive no greater than its pro rata share of any voluntary prepayment or mandatory prepayment pursuant to Section 2.12;
(iv) the interest rate margins for the Incremental Term Loans shall be determined by the Canadian Borrower and the Incremental Term Loan Lenders and may be different from the interest rate margins otherwise set forth herein; provided that if the initial interest rate margin for the Incremental Term Loans exceeds by more than 50 basis points (the amount of such excess above 50 basis points being referred to as the “Yield Dif...
Terms of Incremental Term Loan Commitments. The Administrative Agent and the Borrowers shall determine the effective date for an Incremental Term Loan Facility pursuant to this Section (an “Incremental Commitment Effective Date”) and, if applicable, the final allocation of such Incremental Term Loan Commitments among the Persons providing such Incremental Term Loan Facility; provided that such date shall be a Business Day at least ten Business Days after delivery of the request for such Incremental Term Loan Facility (unless otherwise approved by the Administrative Agent) and at least 30 days prior to the Term Loan Maturity Date.
Terms of Incremental Term Loan Commitments. The terms and provisions of each Incremental Term Loan Commitment shall be as follows:
(i) terms and provisions of Loans made pursuant to Incremental Term Loan Commitments (“Incremental Term Loans”) shall be, except as otherwise set forth herein, identical to the Term Loans (it being understood that Incremental Term Loans may be part of an existing tranche of Term Loans);
(ii) the weighted average life to maturity of all Incremental Term Loans shall be no shorter than the weighted average life to maturity of the existing Term Loans;
(iii) the maturity date of Incremental Term Loans shall not be earlier than the Term Loan Maturity Date; and
Terms of Incremental Term Loan Commitments. The terms of any Incremental Term Loan Commitments and Incremental Term Loans (which shall be set forth in the relevant Incremental Term Loan Amendment) shall be the same as for the Initial Term Loans, specifically:
(i) the maturity of any such Incremental Term Loans shall the Maturity Date;
(ii) any payments of each Incremental Term Loan shall be made on same basis with all then existing Term Loans; and
(iii) all other terms and conditions applicable to any Incremental Term Loans shall be consistent with the terms and conditions applicable to the Initial Term Loans.
Terms of Incremental Term Loan Commitments. The terms and provisions of each Incremental Term Loan Commitment shall be as follows:
(i) terms and provisions of Loans made pursuant to Incremental Term Loan Commitments (“Incremental Term Loans”) shall be, except as otherwise set forth herein, identical to the Term Loans (it being understood that Incremental Term Loans may be part of an existing tranche of Term Loans);
(ii) the weighted average life to maturity of all Incremental Term Loans shall be no shorter than the weighted average life to maturity of the existing Term Loans;
(iii) the maturity date of Incremental Term Loans shall not be earlier than the Term Loan Maturity Date; and
