Common use of Incremental Term Commitments Clause in Contracts

Incremental Term Commitments. The terms and provisions (including, without limitation, pricing and amortization) for each Incremental Term Loan shall be set forth in the Incremental Agreement with respect to such Incremental Term Loan; provided that in any event, 63 (i) the weighted average life to maturity of any Incremental Term Loan shall be no shorter than the remaining weighted average life to maturity of the then existing Term Loans (including any then existing Incremental Term Loans); (ii) the maturity date of each Incremental Term Loan (the “Incremental Term Loan Maturity Date”) shall not be earlier than the latest Maturity Date under any Facility (including any then outstanding Incremental Term Loans); and (iii) the Applicable Rate and all-in yield for each Incremental Term Loan shall be determined by the Borrower and the Lenders of the Incremental Term Loans; provided further that, except as otherwise set forth herein, all of the other terms and conditions applicable to such Incremental Term Loans shall be substantially consistent with the terms and conditions applicable to the existing Term Loans, and to the extent that the terms and provisions of Incremental Term Loans are not substantially consistent with the existing Term Loans (except to the extent permitted by clause (i), (ii) or (iii) above) they shall be reasonably satisfactory to the Administrative Agent, the Lenders providing such Incremental Term Loans and the Borrower.

Appears in 1 contract

Sources: Credit Agreement (Alamo Group Inc)

Incremental Term Commitments. The terms and provisions (including, without limitation, pricing and amortization) for each Incremental Term Loan shall be set forth in the Incremental Agreement with respect to such Incremental Term Loan; provided that in any event, 63, (i) the weighted average life to maturity of any Incremental Term Loan shall be no shorter than the remaining weighted average life to maturity of the then existing Term Loans (including any then existing Incremental Term Loans) (excluding any customary bridge facility so long as the long-term debt into which any such customary bridge facility is to be converted satisfies such limitations); ; (ii) the maturity date of each Incremental Term Loan (the “Incremental Term Loan Maturity Date”) shall not be earlier than the latest Maturity Date under any Facility (including any then outstanding Incremental Term Loans); and (iii) the Applicable Rate and all-in yield for each provided that if any Incremental Term Loan shall be determined by unsecured, the Borrower and maturity date of such Incremental Term Loan shall not be earlier than the Lenders of date that is 91 days after the latest Maturity Date under any Facility (including any then outstanding Incremental Term Loans; provided further that, except as otherwise set forth herein, all of the other terms and conditions applicable to such Incremental Term Loans shall be substantially consistent with the terms and conditions applicable to the existing Term Loans, and to the extent that the terms and provisions of Incremental Term Loans are not substantially consistent with the existing Term Loans (except to the extent permitted by clause (i), (ii) or (iii) above) they shall be reasonably satisfactory to the Administrative Agent, the Lenders providing such Incremental Term Loans and the Borrower.;

Appears in 1 contract

Sources: Credit Agreement (Zeta Global Holdings Corp.)

Incremental Term Commitments. The terms and provisions (including, without limitation, pricing and amortization) for each Incremental Term Loan shall be set forth in the Incremental Agreement with respect to such Incremental Term Loan; provided that in any event, 63 (i) the weighted average life to maturity of any Incremental Term Loan shall be no shorter than the remaining weighted average life to maturity of the then existing Term Loans (including any then existing Incremental Term Loans); (ii) the maturity date of each Incremental Term Loan (the “Incremental Term Loan Maturity Date”) shall not be earlier than the latest Maturity Date under any Facility (including any then outstanding Incremental Term Loans); and (iii) the Applicable Rate and all-in yield for each Incremental Term Loan shall be determined by the Borrower and the Lenders of the Incremental Term Loans; provided further that, except as otherwise set forth herein, all of the other terms and conditions applicable to such Incremental Term Loans shall be substantially consistent with the terms and conditions applicable to the existing Term Loans, and to the extent that the terms and provisions of Incremental Term Loans are not substantially consistent with the existing Term Loans (except to the extent permitted by clause (i), (ii) or (iii) above) they shall be reasonably satisfactory to the Administrative Agent, the Lenders providing such Incremental Term Loans and the Borrower.

Appears in 1 contract

Sources: Credit Agreement (Alamo Group Inc)