Additional Credit Facilities definition
Examples of Additional Credit Facilities in a sentence
No amendment, modification or waiver of any provision of this Agreement, and no consent to any departure by any Party hereto, shall be effective unless it is in a written agreement executed by (i) prior to the Discharge of Original First Lien Obligations, the First Lien Agent, (ii) prior to the Discharge of Original Second Lien Obligations, the Second Lien Agent and (iii) prior to the Discharge of Additional Obligations in respect of any Additional Credit Facilities, the applicable Additional Agent.
On the terms and subject to the conditions set forth herein and in the Commitment Letter, Lender agrees that it shall, from time to time, to the Maturity Date (as that term and capitalized terms not otherwise defined herein are defined in Section 14 below), make loans (the “Loans” or a “Loan”) to the Company in principal amounts not to exceed, in the aggregate at any time outstanding, the Credit Limit, less amounts, if any, outstanding under the Additional Credit Facilities.
For the avoidance of doubt, the parties hereto agree and acknowledge that the Additional Credit Facilities described in Sections 4 and 5 below constitute an increase in the Revolving Credit Facility under Section 2.17 of the Existing Credit Agreement and the making of Incremental Term Loans under Section 2.18 of the Existing Credit Agreement, respectively.
Pursuant to this Amendment, the amounts available for increases in the Revolving Credit Facility under Section 2.17 of the Credit Agreement and the making of Incremental Term Loans under Section 2.18 of the Credit Agreement, in each case following the Third Amendment Effective Date, shall be reset to the amounts as set forth in Exhibit A and shall not be reduced or otherwise affected by the Additional Credit Facilities provided for in this Amendment.
It is expressly agreed, for the removal of doubt, that the Banks shall have no duty to monitor compliance with this clause 15.7.1 and the making of any Advance hereunder by any Bank or the provision by any Bank of Additional Credit Facilities, whether or not it has the effect of causing non-compliance with the provisions hereof, shall not be deemed agreement by any Bank to such non-compliance or a waiver of the Banks' right to compliance with such obligation by the Borrower.