Examples of Term Facility Increase in a sentence
The Administrative Agent shall promptly notify the Borrower and the Lenders of the final allocation of such increase and the Term Facility Increase Funding Date.
Closes on USD 34 Million Term Facility Increase STAMFORD, Conn., October 7, 2019 (GLOBE NEWSWIRE) - Eagle Bulk Shipping Inc.
The Agent shall promptly notify the Borrower and the Term Lenders of the final allocation of such increase and the Term Facility Increase Effective Date.
Any Term Facility Increase shall be on the same terms and conditions (including maturity, amortization, interest rate and right of payment, guarantees and collateral) as the Term Facility so being increased.
The Agent shall promptly notify the Company and the then-existing Add-On Term Lenders under the applicable Add-On Term Facility of the final allocation of such increase and the Add-On Term Facility Increase Effective Date.
The Agent shall promptly notify the Company and the Term Lenders of the final allocation of such increase and the Term Facility Increase Effective Date.
Additional Lender: at any time, any bank, financial institution or other institutional lender or investor that, in any case, is not an existing Lender, is an Eligible Assignee and that agrees to provide any portion of any (a) Term Facility Increase in accordance with Section 2.1.4 or (b) Incremental Term Facility in accordance with Section 2.1.5.
Each Term Lender shall be given the opportunity to participate in any increase in any existing Term Facility or the establishment of any Additional Term Facility by delivery of a copy of each Term Facility Increase Notice, in which the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Term Lender is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Term Lenders).
The Administrative Agent shall promptly notify the Borrower and the Term Lenders of the final allocation of such increase and the Term Facility Increase Effective Date.
The additional Term Loans made pursuant to any Term Facility Increase shall be made by the applicable Lenders participating therein pursuant to the procedures set forth in Section 2.02.