Examples of Incremental Term Facility Commitments in a sentence
Such notice shall specify the date (an “Increased Amount Date”) on which the Borrower proposes that the Incremental Commitments, and in the case of Incremental Term Facility Commitments, the date the Incremental Term Loans, shall be made available, which shall be a date not less than 5 Business Days (or such lesser number of days as may be agreed to by the Administrative Agent in its sole discretion) after the date on which such notice is delivered to the Administrative Agent.
The Agent shall promptly notify each Lender as to the effectiveness of each Incremental Term Facility Commitment Agreement and, at such time, Part I of Schedule 1 (Lenders and Commitments) shall be deemed modified to reflect the Incremental Term Facility Commitments of such Incremental Term Facility Lenders.
Such notice shall specify the date (an “Increased Amount Date”) on which the Borrower proposes that the Incremental Commitments, and in the case of Incremental Term Facility Commitments, the date the Incremental Term Loans, shall be made available, which shall be a date not less than 5 Business Days after the date on which such notice is delivered to the Administrative Agent.
Section 7.02(j)(A) of the Credit Agreement is hereby amended by replacing “$100,000,000” with the following: “(x) $100,000,000 at any time that any 2012 Incremental Term Facility Commitments or any portion of any 2012 Incremental Term Facility Loans remain outstanding and (y) $200,000,000 after termination of the 2012 Incremental Term Facility Commitments and, to the extent there are any 2012 Incremental Term Facility Loans outstanding, repayment in full of such 2012 Incremental Term Facility Loans”.
This commitment fee shall accrue at all times from June 15, 2012 until the earlier of (i) the termination of the 2012 Incremental Term Facility Commitments and (ii) the extension of the 2012 Incremental Term Facility Loans, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing June 30, 2012.
The 2012 Incremental Term Facility may be borrowed in a single draw on the First Amendment Closing Date in an amount up to the 2012 Incremental Term Facility Commitments.
SCHEDULE 2.16A TO FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT Ticking Fee: The Borrower shall pay to the Administrative Agent for the account of each 2012 Incremental Term Facility Lender in accordance with its Applicable Percentage of the 2012 Incremental Term Facility, a commitment fee equal to 0.375% per annum times the average daily aggregate amount of the 2012 Incremental Term Facility Commitments.
Such notice shall specify the date (an “Increased Amount Date”) on which the Borrower proposes that the Incremental Commitments shall be made available (and, in the case of Incremental Term Facility Commitments, the date the Incremental Term Loans shall be made available), which shall be a date not less than five (5) Business Days after the date on which such notice is delivered to the Administrative Agent (or such shorter period as may be agreed by the Administrative Agent).