Examples of Incremental Advances in a sentence
In the event that any Incremental Advances are made on an Increased Amount Date, the applicable Borrower shall repay such Incremental Advances on the dates and in the amounts set forth in the Incremental Assumption Agreement.
The obligation of each Incremental Lender of any Class to make its Incremental Advances of such Class shall be subject to the conditions precedent set forth in the applicable Incremental Assumption Agreement.
The failure to record any Incremental Advance, prepayment, or payment shall not limit or otherwise affect the obligation of Borrower to pay any amounts due hereunder on the Incremental Advances.
Borrower may request Incremental Advances under this Loan Agreement.
Each Incremental Advance made pursuant to this Loan Agreement and all payments made on the Incremental Advances shall be recorded by Lender on its books and records.
Borrowers shall take any actions reasonably required by Agent to ensure and demonstrate that the Liens granted by the Loan Documents continue to be perfected under the Code or otherwise upon giving effect to the Incremental Revolver Commitments, the Incremental Advances and the Maximum Revolver Amount set forth herein.
Upon the incurrence thereof, the 2021 Incremental Term B Advances shall constitute a new Class of Advances and a new Series of Incremental Advances under the Amended Loan Agreement.
For all other Incremental Advances, insert the Restatement Conversion Price (as defined in the Securities Purchase Agreement) for the relevant Incremental Advance.
Incremental Advances may be provided by any existing Lender (it being understood that no existing Lender shall have an obligation to make all or any portion of any Incremental Advances) or by any Additional Lender.
The aggregate principal amount of the Incremental Advances on any date Indebtedness thereunder is first incurred, together with the aggregate principal amount of Advances outstanding at such time, will not exceed an amount equal to $200,000,000.