Examples of Incremental Term Loan in a sentence
Effective as of the Second Amendment Effective Date, each 2023 Incremental Term Lender hereby commits, on a several and not joint basis, to make its 2023 Incremental Term Loan as set forth on Schedule A hereto, on the terms and conditions set forth below.
The Fifth Amendment Incremental Term Loan Commitments shall be subject to all of the terms and conditions set forth herein and in the Financing Agreement.
The Upfront Fee shall be payable to the 2023 Incremental Term Lenders and the 2023 Extending Cashless Roll Term Lenders pro rata in accordance with their respective 2023 Incremental Term Loan Commitments and 2023 Extended Term Loans, as applicable.
Each Borrowing of 2023 Incremental Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable 2023 Incremental Term Loan Commitments.
For the avoidance of doubt, each 2023 Incremental Term Lender shall constitute a “Lender” and a “Term Loan Lender”, as applicable, the 2023 Incremental Term Loan Commitments shall constitute “Commitments” and “Term Loan Commitments”, as applicable, and the 2023 Incremental Term Loans shall constitute “Loans” and “Term Loans”, as applicable, in each case under the Credit Agreement.