Incremental Term Loan definition
Examples of Incremental Term Loan in a sentence
Any Incremental Term Loan Commitment Incurred in the form of increases to any Class of existing Term Loans shall be identical to and form part of such Term Loans.
Subject to the terms and conditions hereof, (a) each Initial Term Lender madewill make a Term Loan denominated in Dollars to the Borrower on the Closing Fourth Amendment Effective Date in the amount of such Initial Term Lender’s Initial Term Commitment on the ClosingFourth Amendment Effective Date and (b) each Term Lender that holds Term Commitments under any Incremental Term Loan Facility agrees to make a Term Loan to the Borrower as and when set forth in the applicable Incremental Commitment Agreement.
The Incremental Commitment shall be effected by an amendment (or in the case of any Incremental Term Loan, an amendment and/or restatement) (the “Incremental Amendment”) executed by the Borrower, the other Loan Parties, the Administrative Agent and each Lender (including, any New Lenders) committing to such Incremental Commitment, in form and substance reasonably satisfactory to each of them.