Examples of Incremental Term B Lender in a sentence
For purposes of the Credit Agreement, the initial notice address of each Incremental Term B Lender (other than any Incremental Term B Lender that, immediately prior to the execution of this Agreement, is a “Lender” under the Credit Agreement) shall be as set forth below its signature to this Agreement.
Each Incremental Term B Lender hereby agrees, severally and not jointly, to make an Incremental Term B Loan to the Borrower on the Effective Date in the amount of its Incremental Term B Loan Commitment.
The Administrative Agent shall have received executed counterparts of this Agreement from each Station Party and each Incremental Term B Lender.
The Incremental Term B Loan Commitment of each Incremental Term B Lender is in addition to such Incremental Term B Lender’s existing Loans and Commitments under the Credit Agreement, if any, which shall continue and, immediately after giving effect to the amendments contemplated hereby, will be subject in all respects to the terms of the Credit Agreement (and, in each case, the other Credit Documents).
The Term Loan Maturity Date with respect to the Incremental Term B Loans shall be the first to occur of (i) the seventh anniversary of the Effective Date (or, with respect to any Incremental Term B Lender, such later date as requested by the Borrower pursuant to Section 5.16 of the Credit Agreement and accepted by such Incremental Term B Lender) and (b) the date of acceleration of the Term Loans pursuant to Section 10.2(a) of the Credit Agreement.
Each Incremental Term B Lender hereby agrees, severally and not jointly, to provide its respective Incremental Term B Loan Commitment as set forth on Schedule A annexed hereto on the terms set forth in this Agreement, and its Incremental Term B Loan Commitment shall be binding as of the Effective Date (as defined below).
Each Incremental Term B Lender hereby agrees, severally and not jointly, to make a single loan to the Borrower on the Effective Date in a principal amount equal to its respective Incremental Term B Loan Commitment as set forth on Schedule A hereto, in each case, on the terms and subject to the conditions set forth herein.
For purposes of the Credit Agreement, the initial notice address of each Incremental Term B Lender shall be as set forth below its signature below.
For the avoidance of doubt, each 2015 Incremental Term B Lender acknowledges and agrees that the making of a 2015 Incremental Term B Loan shall not be subject to the conditions set forth in Section 4.02 of the Credit Agreement.
The Administrative Agent shall have received this Incremental Amendment executed and delivered by a duly authorized officer of each Borrower, each 2015 Incremental Term B Lender and each 2015 Incremental Revolving Lender.