Example ContractsClauseseffectiveness of incremental amendmentVariants
Effectiveness of Incremental Amendment
Effectiveness of Incremental Amendment contract clause examples

On the date of effectiveness of any Incremental Commitments, # the aggregate principal amount of the Revolving Loans outstanding (the “Existing Revolving Borrowings”) immediately prior to the effectiveness of such Incremental Commitments shall be deemed to be repaid, # each Incremental Lender that shall have had a Revolving Commitment prior to the effectiveness of such Incremental Commitments shall pay to the Administrative Agent in

On any Revolving Commitment Increase Date, in the event any Loans are then outstanding, # each relevant Incremental Revolving Lender shall make available to the Administrative Agent such amounts in immediately available funds as the Administrative Agent shall determine are necessary in order to cause, after giving effect to such increased Commitments and the application of such amounts to prepay Loans of other relevant Lenders, the Loans to be held ratably by Lenders in accordance with their respective Commitments after giving effect to such increase and # the Company and the relevant Subsidiary Borrower shall be deemed to have prepaid and reborrowed all outstanding Loans.

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