Examples of Incremental Loans in a sentence
Use the proceeds of the Loans solely to repay the Debt to be Repaid, for working capital purposes, repayment of Term A-2 Loans with Term B Loans or Incremental Loans and for other general business purposes and any other purpose not prohibited by this Agreement (including Permitted Acquisitions); and not use or permit any proceeds of any Loan to be used, either directly or indirectly, for the purpose, whether immediate, incidental or ultimate, of “purchasing or carrying” any Margin Stock.
For the avoidance of doubt, any Affiliated Lender that provides any Incremental Loans shall be subject to the limitations on Affiliated Lenders set forth in Section 10.07(h) (including the Affiliated Lender Term Loan Cap).
If so requested by any Lender by written notice to the Borrower (with a copy to the Administrative Agent), the Borrower shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to Section 10.6) (as soon as reasonably practicable after the Borrower’s receipt of such notice) a Note or Notes to evidence such Xxxxxx’s Loans (including Initial Loans, Delayed Draw Loans and Incremental Loans).
The Borrower may use the proceeds of the Incremental Loans for any purpose not prohibited by this Agreement.
After giving effect to such conversion or continuation, each Borrowing of Term A-1 Loans, Revolving A-1 Loans and Incremental Loans shall be in an amount no less than the applicable minimum amount for Term A-1 Loans as set forth in Section 2.1(a), for Revolving A-1 Loans as set forth in Section 2.2(b), or for Incremental Loans as set forth in Section 2.5(b) and in the applicable Incremental Amendment.