Common use of Incremental Term Loan Commitment Clause in Contracts

Incremental Term Loan Commitment. Borrower may make only one borrowing under the Amendment No. 3 Incremental Term Loan Commitments, which shall be on the Amendment No. 3 Effective Date. Any amount borrowed under this Section 2.01(b) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11, all amounts owed hereunder with respect to the Amendment No. 3 Incremental Term Loans shall be paid in full no later than the Term Maturity Date. The Amendment No. 3 Incremental Term Loan Commitment shall terminate immediately and without further action on the Amendment No. 3 Effective Date after giving effect to the funding of the Amendment No. 3 Incremental Term Loan Commitment on such date.

Appears in 2 contracts

Sources: First Lien Credit Agreement (NEP Group, Inc.), First Lien Credit Agreement (NEP Group, Inc.)

Incremental Term Loan Commitment. The Borrower may make only one borrowing under the Amendment No. 3 2 Incremental Term Loan Commitments, which shall be on the Amendment No. 3 2 Effective Date. Any amount borrowed under this Section 2.01(b) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections Section 2.11, all amounts owed hereunder with respect to the Amendment No. 3 2 Incremental Term Loans shall be paid in full no later than the Term Maturity Date. The Amendment No. 3 2 Incremental Term Loan Commitment shall terminate immediately and without further action on the Amendment No. 3 2 Effective Date after giving effect to the funding of the Amendment No. 3 2 Incremental Term Loan Commitment on such date.”

Appears in 1 contract

Sources: Credit Agreement (NEP Group, Inc.)