Examples of New Incremental Loans in a sentence
No Lender shall be obligated to provide any New Incremental Loans or Refinancing Loans (or to agree to extend the maturity date of any Loan), unless it so agrees in its sole discretion.
To the extent not previously paid, all outstanding New Incremental Loans shall be due and payable on the New Incremental Loan Maturity Date.
Subject to the terms hereof, and solely the conditions set forth in Section 5.3 of this Agreement, each New Incremental Loan Lender agrees to make New Incremental Loans to the Borrower on the New Incremental Loan Funding Date denominated in dollars in a principal amount of (but not exceeding) such New Incremental Loan Lender’s New Incremental Loan Commitment.
The Borrower shall repay to the Administrative Agent for the ratable account of the applicable New Incremental Loan Lenders on the last Business Day of each March, June, September and December, commencing with the last Business Day of June, 2021, an aggregate principal amount equal to 0.25% of the aggregate principal amount of the New Incremental Loans outstanding on the New Incremental Loan Funding Date.
The New Incremental Loans shall rank pari passu with the other Obligations.
On the New Incremental Loan Funding Date, and subject solely to the conditions set forth in Section 5.3 of the Amended Credit Agreement, each New Incremental Loan Lender shall make New Incremental Loans to the Borrower, in an aggregate principal amount equal to (but not to exceed) such New Incremental Loan Lender’s New Incremental Loan Commitment.
On the Amendment No. 2 Effective Date, both immediately prior to and immediately after giving effect to this Amendment and both immediately prior to and immediately after the making of the New Incremental Loans, no Default or Event of Default shall have occurred or is continuing.
The Borrower hereby appoints JPMorgan (acting through its affiliates as deemed appropriate by JPMorgan) as sole lead arranger and sole bookrunner with respect to the New Incremental Loans.
The new bridge would closely match the timber of the existing play castle and would be in keeping with the surroundings.
On the New Incremental Loan Funding Date, and subject solely to the conditions set forth in S ection 5.3 of the Amended Credit Agreement, each New Incremental Loan Lender shall make New Incremental Loans to the Borrower, in an aggregate principal amount equal to (but not to exceed) such New Incremental Loan Lender’s New Incremental Loan Commitment.