Incremental Term Lenders definition
Examples of Incremental Term Lenders in a sentence
Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing; provided, that each prepayment of Incremental Term Loans pursuant to Section 2.11(a) shall be applied (i) as specified in the applicable Incremental Amendment, or (ii) if not so specified, ratably among the applicable Incremental Term Lenders and to the principal repayment installments thereof in direct order of maturity.
Following the Third Amendment Effective Date, each reference in the Credit Agreement and other Loan Documents to “Commitments” or “Term Commitments” shall be deemed to include the Third Amendment Incremental Term Loan Commitments, to “Term Loans” and “Loans” shall be deemed to include the Third Amendment Incremental Term Loans made hereunder, and to “Lender” or “Term Lender” shall be deemed to include the Third Amendment Incremental Term Lenders, in each case, unless the context shall require otherwise.