Common use of No Incremental Term Facility or Incremental Revolving Credit Commitment Clause in Contracts

No Incremental Term Facility or Incremental Revolving Credit Commitment. shall become effective under this Section 2.23 unless (i) on the date of such effectiveness (except as expressly set forth in paragraphs (c) and (d) of this Section 2.23), the conditions set forth in paragraphs (b) of Section 4.01 shall be satisfied, (ii) on the date of such effectiveness, no Event of Default under Section 7.01(b), 7.01(c), 7.01(g) or 7.01(h) exists or would exist immediately after giving effect to the applicable Incremental Indebtedness and (iii) the other conditions precedent set forth in the applicable Incremental Assumption Agreement have been satisfied (or waived as provided in such Incremental Assumption Agreement).

Appears in 2 contracts

Sources: Credit Agreement (AssetMark Financial Holdings, Inc.), Credit Agreement (AssetMark Financial Holdings, Inc.)