Incremental Term Loan definition
Examples of Incremental Term Loan in a sentence
The Nineteenth Amendment Incremental Term Loan Commitments shall automatically and irrevocably terminate in full upon the funding of the Nineteenth Amendment Incremental Term Loans in the full amount of the Nineteenth Amendment Incremental Term Loan Commitment in accordance with the Nineteenth Amendment.
This Amendment shall become effective on the date (the “Nineteenth Amendment Effective Date”) by which there shall have occurred, and the obligation of each Additional Lender to make its Nineteenth Amendment Incremental Term Loan to the Borrower in accordance with Section 1 hereof shall be subject to, the prior or concurrent fulfillment of each of the conditions precedent set forth in this Section 3.
The Sixteenth Amendment Incremental Term Loan Commitments shall automatically and irrevocably terminate in full upon the funding of the Sixteenth Amendment Incremental Term Loans in the full amount of the Sixteenth Amendment Incremental Term Loan Commitment in accordance with the Sixteenth Amendment.