New Incremental Term Loan definition

New Incremental Term Loan has the meaning specified in Section 2.19(a) (Facility Increases).

New Incremental Term Loan means the term loans made pursuant to a Term Commitment Increase in accordance with Section 2.14 of the Original Credit Agreement by the New Term Commitment Increase Lenders (as defined in the Incremental Amendment No. 1) on the New Incremental Effective Date pursuant to the Incremental Amendment No. 1.

Examples of New Incremental Term Loan in a sentence

• RBCCM, CSLF, Citi, Goldman Sachs and JPMorgan will act, and you hereby appoint RBCCM, CSLF, Citi, Goldman Sachs and JPMorgan to act, as Joint Lead Arrangers and Joint Book Runners for the New Incremental Term Loan Facility (the “Incremental Lead Arrangers” and together with the Interim Facility Lead Arranger, the “Lead Arrangers”, and, together with Royal Bank and CS, the “Commitment Parties”, “we”, “our” or “us”).

• The New Incremental Term Loan Facilities Underwriting Fee shall be solely for the account of the Lead Arranger.

• Subject to the terms and conditions expressly set forth herein and in the First Omnibus Amendment, each New Incremental Term Lender severally agrees to make to the Borrower on the New Incremental Term Loan Closing Date a one-time single draw New Incremental Term Loan Borrowing of New Incremental Term Loans denominated in Dollars in an aggregate amount equal to such New Incremental Term Lender’s New Incremental Term Loan Commitment.

• The New Incremental Term Loan shall be funded, in whole, on the New Incremental Term Loan Closing Date.

• Notwithstanding the foregoing, the aggregate principal amount of the New Incremental Term Loan outstanding as of the borrowing date of such Loan shall be deemed to be $40,000,000, and all of which will begin to accrue interest immediately upon the Borrowing of the New Incremental Term Loan.

• The New Incremental Term Loan Commitments of each New Incremental Term Lender shall be automatically and permanently reduced to $0 upon the funding of the New Incremental Term Loan to be made by such New Incremental Term Lender on the New Incremental Term Loan Closing Date.

• From and after the funding of the New Incremental Term Loan, the New Incremental Term Loan Commitment of such New Incremental Term Lender shall be reduced to zero.

• The New Incremental Term Loan Commitments shall become effective on the New Incremental Term Loan Closing Date.

• The New Incremental Term Loan shall be issued by the New Incremental Term Lenders with an OID of 5.5% of the total aggregate amount of the New Incremental Term Loan.

• The New Incremental Term Loan Facility may participate on a pro rata basis or less than pro rata basis (but not on a greater than pro rata basis) in any voluntary prepayments pursuant to Section 2.09(a) or any mandatory prepayments of the Initial Loans under Section 2.09(d) , as specified in the applicable Joinder Agreement.