Term Facility Increase definition
Examples of Term Facility Increase in a sentence
A Term Facility Increase shall be provided hereunder pursuant to an amendment or restatement (a “Term Facility Increase Amendment”) of this Agreement and, as appropriate, the other Loan Documents, executed by the Borrowers, each Lender participating in such Term Facility Increase, if any, and the Administrative Agent.
No Term Lender shall be obligated to commit to all or any portion of a Term Facility Increase.
The Term Facility Increase Amendment may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents, including without limitation Section 2.07(a), as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent, to effect the provisions of this Section 2.15(b).
For the avoidance of doubt, the Term Facility Increase shall rank pari passu in right of payment and security with the existing Loans and shall not be secured by any collateral or supported by any Guarantee other than those provided pursuant to the Collateral Documents and the Guaranties.