Incremental Term Advances definition
Examples of Incremental Term Advances in a sentence
Each Borrowing shall consist of Incremental Term Advances made simultaneously by the Incremental Lenders ratably according to their Incremental Term Loan Commitments, as applicable.
The Borrower may prepay Incremental Term Advances pursuant to Section 2.06(a).
On the Maturity Date, the outstanding principal amount of all Term Advances and Incremental Term Advances shall be due and payable in full and the Borrower shall repay all such amounts and all other Obligations on such date.
Each Incremental Term Loan Increase and the related Incremental Term Advances (including, without limitation, with respect to interest rate, fees, use of proceeds, covenants and events of default) shall be identical to terms of the existing Facility.
In the event any Incremental Term Commitments are established pursuant to Section 2.13, Incremental Term Advances shall be funded as set forth in Section 2.14 by the applicable Incremental Term Lenders at any time prior to the Maturity Date.