Making of Incremental Term Loans Sample Clauses
The "Making of Incremental Term Loans" clause defines the process and conditions under which additional term loans can be provided to a borrower beyond the original loan amount. Typically, this clause outlines the requirements for requesting incremental loans, such as notice periods, lender consent, and compliance with financial covenants. For example, it may specify that the borrower must submit a formal request and that new loans must be on similar terms as existing ones. The core function of this clause is to provide a structured mechanism for borrowers to access additional financing while protecting lenders' interests and ensuring the terms of the original agreement are maintained.
Making of Incremental Term Loans. On any Term Loan Increase Effective Date on which Incremental Term Loan Commitments are effective, subject to the satisfaction of the foregoing terms and conditions, each Lender of such Incremental Term Loan Commitment shall make an Incremental Term Loan to the Borrower in an amount equal to its Incremental Term Loan Commitment.
Making of Incremental Term Loans. On any Increase Effective Date in respect of an Incremental Term Loan Facility, subject to the satisfaction of the applicable foregoing terms and conditions and any terms and conditions set forth in the Incremental Term Loan Facility Amendment pursuant to which such Incremental Term Loan Facility is established, each Lender participating in such Incremental Facility shall make an Incremental Term Loan to the Borrower in the amount required to be made pursuant to such Incremental Term Loan Facility Amendment.
Making of Incremental Term Loans. On any Increase Effective Date on which new Commitments for Incremental Term Loans are effective, subject to the satisfaction of the foregoing terms and conditions, each Lender of such new Commitment shall make an Incremental Term Loan to Toro in an amount equal to its new Commitment.
Making of Incremental Term Loans. On any Increase Effective Date on which an Incremental Term Commitment is effective, subject to the satisfaction of the foregoing terms and conditions and the conditions set forth in Section 4.02, each Lender and Eligible Assignee that has agreed to provide such Incremental Term Commitment shall make an Incremental Term Loan to the Borrower in an amount equal to its pro rata share of such Incremental Term Commitment.
Making of Incremental Term Loans. On any Term Loan Increase Effective Date on which Incremental TL Commitments are effective, subject to the satisfaction of the foregoing terms and conditions, each Lender holding such Incremental TL Commitment shall make an Incremental Term Loan to the Borrower in an amount equal to its Incremental TL Commitment.
Making of Incremental Term Loans. On any Increase Effective Date in respect of an Incremental Term Loan Facility, subject to the satisfaction of the applicable foregoing terms and