Common use of The Incremental Term Loans Clause in Contracts

The Incremental Term Loans. (A) shall rank pari passu in right of payment and in respect of the Collateral with the Initial Term Loans; (B) shall not mature earlier than the Maturity Date of any Initial Term Loans outstanding at the time of incurrence of such Incremental Term Loans; (C) shall have a Weighted Average Life to Maturity no shorter than the remaining Weighted Average Life to Maturity of any Initial Term Loans outstanding at the time of incurrence of such Incremental Term Loans; (D) subject to Section 2.15(f) below, shall have an applicable rate and amortization determined by the Borrower and the applicable Incremental Lenders; and (E) may participate on a pro rata basis or less than pro rata basis (but not on a greater than pro rata basis) in any voluntary or mandatory prepayments of Initial Term Loans hereunder, as specified in the applicable Incremental Amendment; (ii) subject to the foregoing, the amortization schedule applicable to any Incremental Term Loans and the All-In Yield applicable to the Incremental

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Ares Commercial Real Estate Corp)

The Incremental Term Loans. (A) shall rank pari passu in right of payment and in respect of the Collateral with the Initial Term Loans; ; (B) shall not mature earlier than the Maturity Date of any Initial Term Loans outstanding at the time of incurrence of such Incremental Term Loans; ; (C) shall have a Weighted Average Life to Maturity no shorter than the remaining Weighted Average Life to Maturity of any Initial Term Loans outstanding at the time of incurrence of such Incremental Term Loans; ; (D) subject to Section 2.15(f) below, shall have an applicable rate and amortization determined by the Borrower and the applicable Incremental Lenders; and and (E) may participate on a pro rata basis or less than pro rata basis (but not on a greater than pro rata basis) in any voluntary or mandatory prepayments of Initial Term Loans hereunder, as specified in the applicable Incremental Amendment; (ii) subject to the foregoing, the amortization schedule applicable to any Incremental Term Loans and the All-In Yield applicable to the Incrementaland

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Lument Finance Trust, Inc.)