Incremental Facility Loan Commitment

Example Definitions of "Incremental Facility Loan Commitment"
Incremental Facility Loan Commitment. Means, collectively, the Incremental Facility Revolving Loan Commitments of each Series and the Incremental Facility Term Loan Commitments of each Series. The aggregate amount of the Incremental Facility Loan Commitments of all Series shall not exceed $1,000,000,000, provided that, without giving effect to such limit, after the execution and delivery of Amendment No. 4 hereto, (i) the Borrower may establish a Series of Incremental Facility Term Loan Commitments so long as such... Commitments either (x) provide that the proceeds of any Incremental Facility Term Loans made thereunder are required to be applied to the payment or prepayment of principal of other Term Loans (as selected by the Borrower) outstanding hereunder on the date such Incremental Facility Term Loans are made or (y) provide, as to any Incremental Facility Loan Lender that wishes to hold Incremental Facility Term Loans and that also holds Term Loans that such Lender shall convert existing Term Loans held by it into Incremental Facility Term Loans of such Series and (ii) the Borrower may establish one or more Series of Incremental Facility Revolving Loan Commitments so long as Borrowings under any such Incremental Facility Revolving Loan Commitments shall not be permitted in amounts greater than the amount of Revolving Credit Commitments hereunder being reduced or terminated on such date. View More Arrow
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