Examples of Incremental Assumption Agreement in a sentence
The Borrower shall deliver to the Administrative Agent an irrevocable notice (which notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day to the anticipated closing date set forth in the applicable Incremental Assumption Agreement) requesting that the applicable Term Loan Lenders make the applicable Term Loans on the date set forth in the applicable Incremental Assumption Agreement and specifying the amount to be borrowed.
Not later than 12:00 noon, New York City time, on the Fourth Amendment Effective Date (or on such other date set forth in the applicable Incremental Assumption Agreement) each applicable Term Loan Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the Term Loan or Term Loans to be made by such Lender on the Fourth Amendment Effective Date (or on such other date set forth in the applicable Incremental Assumption Agreement).
The Incremental Term Loan Commitments shall terminate as provided in the related Incremental Assumption Agreement.