Incremental Term Loan Facility definition
Examples of Incremental Term Loan Facility in a sentence
If the TermIncremental Facility is increased or term loans shall be made under any Incremental Term Loan Facility, as applicable,to be effected in accordance with this Section 2.16, the Administrative Agent and the Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of any such Incremental Facility.
This Agreement and the other Loan Documents and any separate letter agreements with respect to fees payable to the Administrative Agent in connection with the Term Facility or any Incremental Term Loan Facility constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof.
In the case of an Incremental Term Loan Facility, this Agreement and the other Loan Documents may be amended as necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions of this Section 2.16 with the consent of the Administrative Agent, each Lender providing such Incremental Term Loan Facility, the Guarantor and the Borrower, to give effect to or to evidence the terms of such Incremental Term Loan Facility.