Common use of Increase Joinder Clause in Contracts

Increase Joinder. Each Additional Lender committed to an Incremental Term Loan as set forth in Schedule 1 hereto severally agrees (i) that it shall be considered a Lender for all purposes under the Loan Documents and agrees to be bound by the terms thereof and (ii) to make its pro rata portion of the Incremental Term Loans to the Borrower in the aggregate amount set forth in the Borrowing Request for Incremental Term Loans delivered to the Administrative Agent no less than one Business Days prior to such proposed borrowing date. The terms and provisions of the Incremental Term Loans shall, except as set forth below, be identical to the Tranche B-1 Term Loans. The aggregate amount of all such Incremental Term Loans issued under this Increase Joinder shall not exceed $225,000,000. The Incremental Term Loans shall be repaid in installments on each Installment Payment Date, commencing on September 30, 2007, in an aggregate amount equal to (i) $562,500, on each March 31, June 30, September 30 and December 31 of each year, ending on (and including) December 31, 2012 and (ii) $212,625,000, on the Term Facility Maturity Date. The Applicable Margins of the Incremental Term Loans as well as the existing Term Loans are hereby increased by 0.25% above the rates in effect or immediately prior hereto for each category of the Pricing Grid. The Borrower shall use the proceeds of the Incremental Term Loans as set forth in the first recital to this Increase Joinder.

Appears in 1 contract

Sources: Increase Joinder (Nuance Communications, Inc.)

Increase Joinder. There is hereby established Incremental Term Loan Commitments of $55,000,000 in the aggregate. Each Additional Incremental Term Loan Lender committed to with an Incremental Term Loan as Commitment set forth in on Schedule 1 hereto severally agrees (i) that it shall be considered a Lender and a Term Lender for all purposes under the Loan Documents and agrees to be bound by the terms thereof and (ii) to make its pro rata portion of the Incremental Term Loans to the U.S. Borrower in the aggregate amount of such Incremental Term Loan Commitment on the date set forth in the Borrowing Request for Incremental Term Loans delivered to the Administrative Agent no less than one Business Days two days prior to such proposed borrowing date. The terms and provisions of the Incremental Term Loans shall, except as set forth below, be identical to the Tranche B-1 Term Loans. The aggregate amount of all such Incremental Term Loans issued under this Increase Joinder shall not exceed $225,000,00055,000,000. The Incremental Term Loan Commitments shall expire at 5:00 P.M., New York time on the earlier of (i) the date requested for borrowing of the Incremental Term Loans in the Borrowing Request and (ii) the date that is 15 Business Days after the Increase Joinder Effective Date (as defined below). The Incremental Term Loans shall be repaid in installments on each Installment Payment Date, commencing on September 30, 2007, in an aggregate amount equal to (i) $562,500137,500, on each March 31, June 30, September 30 and December 31 of each year, ending on (and including) December 31September 30, 2012 2013 and (ii) $212,625,00051,562,500, on the Term Facility Loan Maturity Date. The Applicable Margins of the Incremental Term Loans as well as the existing Term Loans are hereby increased by 0.25% above the rates in effect or immediately prior hereto for each category of the Pricing Grid. The U.S. Borrower shall use the proceeds of the Incremental Term Loans as set forth in the first recital and second recitals to this Increase Joinder.

Appears in 1 contract

Sources: Increase Joinder (Samsonite Corp/Fl)