Examples of Loan Increase in a sentence
Any amounts due as Additional Receivables Purchase Price on any Further Issue Date shall be netted against any amounts due as Subordinated Loan Increase Amount on such Further Issue Date.
The Loan Increase Request shall identify one or more additional Banks (each, an “Additional Bank”) and the amount of its Loan and/or any additional principal amount to be added to the outstanding Loan of one or more Banks then party hereto (any such Bank, an “Increasing Bank”).
The term “Debt” as used in the Loan Documents shall also be deemed to include the outstanding principal amount of the Additional Loan Amount together with all interest accrued and unpaid thereon and all other sums due Lender in respect of the Loan Increase under this Agreement, the Additional Note, and any other documents evidencing, supporting and/or securing the Loan Increase.
Notwithstanding the foregoing, in the case of a Term Loan Increase, the terms, provisions and documentation of such Term Loan Increase shall be identical (other than with respect to underwriting, commitment or upfront fees, original issue discount or similar fees) to the applicable Term Loans being increased.
The Borrowers have asked the Lender to (i) accelerate the availability of a Loan Increase in the amount of $5,000,000, (ii) and make consequential amendments to the Original Loan Agreement, which the Lender has agreed to do, subject to the satisfaction of the various conditions set out herein.