Incremental Term Facility Amendment definition

Incremental Term Facility Amendment has the meaning assigned to such term in Section 2.20(b).

Incremental Term Facility Amendment has the meaning specified in Section 2.14(b)(iii).

Incremental Term Facility Amendment has the meaning specified in Section 2.13(d). 1821445.29\C072091\0303228

Examples of Incremental Term Facility Amendment in a sentence

• An Incremental Term Facility Amendment may, without the consent of any other Lenders, effect such amendments to any Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent, to effect the provisions of this Section.

• On February 22, 2017, Sabre GLBL entered into a Third Incremental Term Facility Amendment to our Amended and Restated Credit Agreement (the “2017 Term Facility Amendment”).

• The applicable margins for the Term Loan B were reduced to 2.25% per annum for Eurocurrency rate loans and 1.25% per annum for base rate loans.On March 2, 2018, Sabre GLBL entered into a Fifth Incremental Term Facility Amendment to our Amended and Restated Credit Agreement to refinance and modify the terms of the Term Loan B, resulting in a reduction of the applicable margins for the Term Loan B to 2.00% per annum for Eurocurrency rate loans and 1.00% per annum for base rate loans.

• The applicable interest rate margins opened at 2.25% per annum for Eurocurrency rate loans and 1.25% per annum for base rate loans until receipt of the first compliance certificate, which is expected to be delivered by November 14, 2017.On February 22, 2017, Sabre GLBL entered into a Third Incremental Term Facility Amendment to our Amended and Restated Credit Agreement (the “Term Facility Amendment”).

• From and after each exchange of New Term Loans pursuant to clause (a) above, all repayments, prepayments, extensions and assignments of New Term Loans pursuant to this Agreement shall consist of a pro rata repayment, prepayment, extension or assignment, as applicable, of New Term Loans that were initially Initial Term Loans, New Term Loans that were initially Escrow Term Loans and New Term Loans that were initially New Term Loans under each previously effective Incremental Term Facility Amendment.

• I am disturbed by continuing armed clashes in Palestine refugee camps and their negative impact on children.

• Holdings, WME IMG, LLC, a Delaware limited liability company (“Intermediate Holdings”), the Borrowers, IMG Worldwide (as successor to Iris Merger Sub, Inc.), the Lenders party thereto from time to time and the Administrative Agent are party to that certain First Lien Credit Agreement, dated as of May 6, 2014 (as amended by the First Incremental Term Facility Amendment, dated as of June 10, 2016 and as further amended, supplemented or otherwise modified from time to time, the “Credit Agreement”).

• The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Incremental Term Facility Amendment.

• We recognized a $4 million loss on extinguishment of debt in connection with these transactions during the year ended December 31, 2016.On February 22, 2017, Sabre GLBL entered into a Third Incremental Term Facility Amendment to our Amended and Restated Credit Agreement (the “2017 Term Facility Amendment”).

More Definitions of Incremental Term Facility Amendment

Incremental Term Facility Amendment means an amendment to this Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Term Lenders, establishing Incremental Term Commitments of any tranche and effecting such other amendments hereto and to the other Credit Documents as are contemplated by Section 2.17(b).

Incremental Term Facility Amendment see Section 2.01(d)(i).