Incremental Amendment Date definition
Examples of Incremental Amendment Date in a sentence
The 2018 Incremental Term Loan Commitments for the 2018 Incremental Term Loans in effect on the First Incremental Amendment Date shall automatically terminate upon the making of the 2018 Incremental Term Loans on the First Incremental Amendment Date.
The 2020 Incremental Term Loan Commitments for the 2020 Incremental Term Loans in effect on the Third Incremental Amendment Date shall automatically terminate upon the making of the 2020 Incremental Term Loans on the Third Incremental Amendment Date.
The Incremental Arranger shall promptly notify the applicable Lenders of the final allocation of such Incremental Term Commitments and the Incremental Amendment Date.
The 2021 Incremental Term Loan Commitments shall terminate immediately following the funding thereof on the 2021 Incremental Amendment Date except to the extent previously terminated or extended pursuant to the terms and conditions hereof, and, to the extent not drawn, terminated or extended on or prior to such time, shall terminate at 11:59 p.m. (New York City time) on the 2021 Incremental Amendment Date.
The 2019 Incremental Term Loan Commitment shall terminate on the funding of the 2019 Incremental Term Loans on the First Incremental Amendment Date.
Notwithstanding the foregoing and anything to the contrary in any Loan Document, this Amendment (and the 2019 Incremental Revolving Commitments) shall not be assignable by the 2019 Incremental Revolving Lenders prior to the Second Incremental Amendment Date without the prior written consent of the Borrower (such consent not to be unreasonably withheld or delayed) and any purported assignment without such consent shall be null and void.
The initial aggregate amount of the Lenders’ 2021 Incremental Term Loan Commitments as of the 2021 Incremental Amendment Date is $250 million.
For the avoidance of doubt, the 2021 Incremental Amendment Date shall be July 1, 2021.
To the extent not previously paid, all Term Loans made on the Closing Date, all 2018 Incremental Term Loans made on the First Incremental Amendment Date and all 2018-B Incremental Term Loans made on the Second Incremental Amendment Date shall be due and payable by the Borrower on the Term Loan Maturity Date.
Subject to the terms and conditions set forth herein, each 2021 Incremental Lender severally (but not jointly) agrees to make 2021 Incremental Term Loans to the Borrower, in Dollars on the 2021 Incremental Amendment Date in an amount equal to such 2021 Incremental Lender’s 2021 Incremental Term Loan Commitment.