Example ContractsClausesincremental term loan conditionsVariants
Remove:

“Required Incremental Term Loan ” means, as of any date of determination with respect to any Incremental Term Loan Facility, Incremental Term Loan having Incremental Term Loans representing more than 50% of the applicable Incremental Term Loan Facility. The portion of the applicable Incremental Term Loan Facility held by any Defaulting Lender shall be disregarded in determining Required Incremental Term Loan at any time.

“Required Incremental Term Loan Facility Lenders” means, as of any date of determination with respect to anydetermination, two (2) or more Incremental Term Loan Facility, Incremental Term Loan having Incremental Term Loans representingLenders holding an aggregate of more than 50% of the applicable Incremental Term Loan Facility. TheLoans under any Incremental Term Facility on such date; provided that the portion of the applicablesuch Incremental Term Loan Facility held by any Defaulting Lender shall be disregarded in determiningexcluded for purposes of making a determination of Required Incremental Term Loan at any time.Facility Lenders.

Required Incremental Term Loan ” means, as ofLoan” means a loan made by any date of determination with respectIncremental Term Facility pursuant to any Incremental Term Loan Facility, Incremental Term Loan having Incremental Term Loans representing more than 50% of the applicable Incremental Term Loan Facility. The portion of the applicable Incremental Term Loan Facility held by any Defaulting Lender shall be disregarded in determining Required Incremental Term Loan at any time.

“Required

Incremental Term Loans. The Borrower shall repay to the Incremental Term Loan organization" data-ad-field-json='{"name":"Loan Parties","type":"organization","canGuess":{"name":false,"type":false}}'>​” means, as of any date of determinationOrganization_ with respect to any Incremental Term Loan Facility, Incremental Term Loan havingFacility all or such specified portion of the outstanding principal amount of the Incremental Term Loans representing more than 50% of the applicable Incremental Term Loan Facility. The portion ofwith respect thereto on such date or dates as shall be specified in the applicable Incremental Term Loan Facility held by any Defaulting Lender shall be disregarded in determining Required Incremental Term Loan at any time.Amendment.

Required Incremental Term Loan _Loan Parties:Facility means, as ofmeans any date of determination with respect that holds Loans pursuant to any Incremental Term Loan Facility, Incremental Term Loan having Incremental Term Loans representing more than 50% of the applicable Incremental Term Loan Facility. The portion of the applicable Incremental Term Loan Facility held by any Defaulting Lender shall be disregarded in determining Required Incremental Term Loan at any time.

Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.