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, (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

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, (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 later of the Maturity Date under and the latest maturity date for any Facility (including any then outstanding Incremental Term Loans)Loans then outstanding; and

Appears in 1 contract

Sources: Credit Agreement (1847 Goedeker Inc.)