Incremental Revolving Credit Lender definition

Incremental Revolving Credit Lender means a Lender with an Incremental Revolving Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class as a result of an Incremental Revolving Credit Commitment.

Incremental Revolving Credit Lender has the meaning set forth in Section 2.14(c).

Incremental Revolving Credit Lender means a Lender with an Incremental Revolving Credit Commitment.

Examples of Incremental Revolving Credit Lender in a sentence

• The Agent shall have received for each Incremental Revolving Credit Lender that shall have requested a promissory note at least three (3) Business Days prior to the Incremental Amendment Effective Date, a duly completed and executed promissory note for such Incremental Revolving Credit Lender.

• The Agent shall have received from the Borrower, each other Loan Party and each Incremental Revolving Credit Lender either (i) a counterpart of this Amendment duly executed and delivered on behalf of such party or (ii) written evidence satisfactory to the Agent (which may include facsimile or other electronic transmission of a signed counterpart of this Amendment) that such party has duly executed and delivered a counterpart of this Amendment.

• The Administrative Agent shall have received duly executed counterparts of this Agreement which, when taken together, bear the signatures of each Loan Party, each Issuing Bank and each Incremental Revolving Credit Lender.

• The Borrower, each Incremental Revolving Credit Lender and the Administrative Agent and, the Swing Line Lender and each LC Issuer, to the extent their consent would be required under Section 11.12(b) for an assignment of Loans or Commitments, as applicable, to such Additional Lender, shall execute and deliver an Incremental Revolving Credit Assumption Agreement having terms and conditions consistent with the terms of this Section 2.18.

• Exhibit Number Description of Exhibit10.1 Amendment No. 1 dated as of May 19, 2017, among Ashland LLC, as Borrower (the “Borrower”), certain subsidiaries of the Borrower, The Bank of Nova Scotia, as Administrative Agent (the “Administrative Agent”), and Citibank, N.A., as the Incremental Revolving Credit Lender, to the Credit Agreement dated as of May 17, 2017, among the Company, the Administrative Agent, each lender and letter of credit issuer party thereto and the other agents party thereto.

More Definitions of Incremental Revolving Credit Lender

Incremental Revolving Credit Lender means at any time, (a) on or prior to the applicable Incremental Closing Date, any Lender that has Incremental Revolving Credit Commitments at such time, and (b) at any time after the applicable Incremental Closing Date, any Lender that holds Incremental Revolving Credit Commitments and/or Incremental Revolving Credit Loans at such time.

Incremental Revolving Credit Lender has the meaning assigned to such term in Section 2.20(c).

Incremental Revolving Credit Lender means a Revolving Credit Lender with an Incremental Revolving Credit Commitment. “Incremental Term Advances” means any Advance made by one or more Lenders to the Borrower pursuant to Section 2.23(b), made in the form of (a) additional Term Advances, (b) additional Tranche B Loans, (c) additional Tranche B2 Loans or, (d) additional Tranche B3 Loans or (e) to the extent permitted by Section 2.23(b) and provided for in the relevant Incremental Assumption Agreement, Specified Incremental Term Advances. “Incremental Term Borrowing” means a Borrowing comprised of Incremental Term Advances. “Incremental Term Commitment” means the commitment of any Lender, established pursuant to Section 2.23(b), to make any Incremental Term Advance to the Borrower. “Incremental Term Lender” means a Lender with an Incremental Term Commitment or an outstanding Incremental Term Advance. “Indebtedness” of any specified Person means, without duplication, (a) all indebtedness in respect of borrowed money, (b) all obligations of such Person evidenced by bonds, notes, debentures or similar instruments, (c) all obligations of such Person in respect of letters of credit or other similar instruments (including reimbursement agreements with respect thereto), (d) the Indebtedness of any other Persons to the extent guaranteed by such Person, (e) all obligations of such Person to pay the deferred and unpaid purchase price of any property (including Capital Lease Obligations), but excluding trade accounts payable or accrued liabilities arising in the Ordinary Course of Business, (f) all obligations under any accounts receivable financings, (g) all obligations attributable to Synthetic Leases related to tangible property, (h) all indebtedness referred 32

Incremental Revolving Credit Lender means, at any time, any Lender that has an Incremental Revolving Credit Commitment or that holds Incremental Revolving Credit Loans at such time.

Incremental Revolving Credit Lender as defined in Section 2.26.

Incremental Revolving Credit Lender a Lender with an Incremental Revolving Credit Commitment.

Incremental Revolving Credit Lender together with each Incremental Term Loan A Lender, the “Incremental Lenders”);