Additional Loans definition
Examples of Additional Loans in a sentence
On the Closing Date, on the date of each Borrowing and on the date of any Increased Commitment or incurrence of Additional Loans, and after giving effect to the transactions contemplated by the Loan Documents, each Loan Party will be solvent.
In order to induce the Administrative Agent and each of the Lenders party to this Agreement to make the Loans, each of the Borrower and the Subsidiary Guarantor makes the following representations and warranties as of the Closing Date and as of the date of any Increased Commitment or incurrence of Additional Loans.
The Additional Loans of a Class will rank pari passu in all respects with the initial Loans of such Class.
Interest on the Additional Loans will be payable commencing on the first applicable Payment Date following the issue date of such Additional Loans.