Incremental Extensions of Credit Sample Clauses

Incremental Extensions of Credit. (a) At any time and from time to time, subject to the terms and conditions set forth herein, the Borrower may, by notice to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders), request (i) to add one or more additional tranches of term loans (the “Incremental Term Loans”), (ii) solely during the Revolving Availability Period, one or more increases in the aggregate amount of the Revolving Commitments (each such increase, a “Revolving Commitment Increase” and, together with the Incremental Term Loans, the “Incremental Extensions of Credit”) or (iii) to incur Alternative Incremental Facility Debt, in an aggregate principal amount not to exceed the sum of (x) $125,000,000 plus (y) an additional amount if, immediately after giving effect to the incurrence of such additional amount (but without giving effect to any amount incurred simultaneously under the immediately preceding clause (x)) and the application of the proceeds therefrom (and assuming that the full amount of such Incremental Extension of Credit has been funded and that such Incremental Extension of Credit is secured), the Total Secured Net Leverage Ratio, recomputed as of the last day of the most recently ended Fiscal Quarter, is equal to or less than 2.50 to 1.00 (provided that if the proceeds of the applicable Incremental Extension of Credit are to be used to finance a Limited Condition Acquisition then the calculation under this clause (y) may be satisfied in accordance with the terms of the Borrower’s LCA Election under Section 1.03); provided that at the time of each such request and upon the effectiveness of the applicable Incremental Facility Amendment, (A) no Default has occurred and is continuing or shall result therefrom (provided that if the proceeds of the applicable Incremental Extension of Credit are to be used to finance a Limited Condition Acquisition then the condition precedent set forth in this clause (A) may be limited to Defaults described in clauses (a), (b), (h) and (i) of Section 7.01), (B) the representations and warranties of the Loan Parties set forth in the Loan Documents would be true and correct in all material respects (or, in the case of representations and warranties qualified as to materiality, in all respects) on and as of the date of, and immediately after giving effect to, the effectiveness of the applicable Incremental Facility Amendment, except in the case of any such representation and warranty tha...
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Incremental Extensions of Credit. Subject to the terms and conditions set forth herein, the Borrower may at any time and from time to time, request to add additional term loans and/or increase the Revolving Facility (the “Incremental Extensions of Credit”) in minimum principal amounts of $20.0 million, provided that (a) immediately prior to and after giving effect to any Incremental Facility Amendment (and the making of any Incremental Extensions of Credit pursuant thereto), no Default or Event of Default has occurred or is continuing or shall result therefrom and the Borrower shall be in compliance, on a Pro Forma Basis (including giving pro forma effect to any Incremental Facility Amendment (and the making of any Incremental Extensions of Credit pursuant thereto)), with the Total Leverage Ratio required by Section 6.10 and (b) the aggregate principal amount (or committed amount, if applicable) of all Incremental Extensions of Credit pursuant to this Section 2.21 shall not exceed (i) $100.0 million minus (ii) the aggregate principal amount (or committed amount, if applicable) of “Incremental Extensions of Credit” (as defined in the Second Lien Credit Agreement). The Incremental Extensions of Credit shall rank pari passu in right of payment and right of security in respect of the Collateral with the Term Loans or the Revolving Loans, as applicable. In the case of additional term loans, other than amortization, pricing or maturity date, such additional term loans shall have the same terms as the Term Loans (the “Existing Term Loans”) existing immediately prior to the effectiveness of an Incremental Facility Amendment (except as otherwise agreed by the Administrative Agent and Additional Lenders agreeing to provide a commitment in respect of such Incremental Extension of Credit provided that any such agreement shall affect solely the terms of such Incremental Extension of Credit and not any other Loan or Borrowings or Commitments (or any other Lender) unless this Agreement has been amended in accordance with Section 9.08 without reference to this Section 2.21); provided that, without the prior written consent of the Required Lenders, (i) any increase in the Revolving Facility shall be on the terms described in this Section 2.21 and pursuant to the terms hereof otherwise applicable to the Revolving Facility, (ii) the Incremental Extensions of Credit shall not have a final maturity date earlier than the Term Loan Maturity Date or the Revolving Facility Maturity Date, as applicable, and (iii) i...
Incremental Extensions of Credit. At any time prior to the Term Loan Maturity Date, subject to the terms and conditions set forth herein, the Borrower may, on up to two occasions, by notice to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy of such notice to each of the Lenders), request to add additional term loans (the "Incremental Extensions of Credit") in minimum principal amounts of $25,000,000, provided that immediately prior to and after giving effect to any Incremental Facility Amendment (as defined below), (a) no Default or Event of Default has occurred and is continuing or shall result therefrom and (b) as of the last day of the most recently ended fiscal quarter of the Borrower for which financial statements are available (such date, the "Test Date"), (i) the Borrower shall be in compliance with the covenant contained in Section 7.15 and (ii) the Senior Leverage Ratio shall be less than or equal to 3.50 to 1.00, and provided further that, (A) for purposes of determining compliance with Section 7.15 pursuant to this Section 2.23, the covenant levels for each period set forth in Section 7.15 shall be reduced by 0.25, (B) for purposes of calculating the Leverage Ratio and Senior Leverage Ratio to determine compliance with this Section 2.23, each of the Leverage Ratio and the Senior Leverage Ratio shall be calculated on a pro forma basis to give effect to the applicable Incremental Extension of Credit as if it had occurred at the beginning of the period of four consecutive fiscal quarters most recently ended prior to the date of such Incremental Extension of Credit and (C) for purposes of determining compliance with clause (b)(i) above, if the applicable Test Date is prior to March 31, 2005, such compliance will be determined by reference to the covenant levels under Section 7.15 for the period from and including March 31, 2005 to and including December 30, 2005 (as reduced by 0.25 as required by clause (A) of this proviso). The Incremental Extensions of Credit (a) shall be in an aggregate principal amount not exceeding $100,000,000, (b) shall rank pari passu or junior in right of payment and right of security in respect of the Collateral with the Term Loans and (c) other than with respect to amortization, pricing and maturity date, shall have the same terms as the Term Loans as in effect immediately prior to the effectiveness of the applicable Incremental Facility Amendment, provided that (i) if the ABR Spread or LIBOR Spread (which, for s...
Incremental Extensions of Credit. (Section 2.14): a. Permit Incremental Tranche A Term Loans and Incremental Tranche B Term Loans to take the form of increases in the aggregate principal amount of the existing Term Loan tranches. b. Increase the cap on Incremental Facilities from $250,000,000 to the sum of (i) $350,000,000, (ii) the aggregate amount of voluntary prepayments of the Term Loans and voluntary prepayments of the Revolving Credit Loans accompanied by a permanent reduction of the Revolving Credit Commitments and (iii) additional amounts subject to pro forma compliance with a First Lien Leverage Ratio of 3.75:1.00 (subject to customary parameters consistent with the Credit Agreement as modified by the Term Sheet). c. Shorten the applicability of the “most favored nations” yield provision to the date that is six months after the Restatement Effective Date. d. Permit the Borrower to utilize the Incremental Facilities cap to incur loans and/or notes under customary “incremental equivalent debt” provisions consistent with the Term Sheet (such debt, the “Incremental Equivalent Debt”). e. Clarify that existing Lenders do not have the right to participate in an Incremental Facility.
Incremental Extensions of Credit. (a) Subject to the terms and conditions set forth herein, the Borrower may, by notice to the Administrative Agent, request: (i) solely prior to the Term A Loan Maturity Date to add one or more additional tranches of Term A Loans (the “Incremental Term A Loans”), (ii) solely prior to the Term B Loan Maturity Date to add one or more additional tranches of Term B Loans (the “Incremental Term B Loans” and together with the Incremental Term A Loans, the “Incremental Term Loans”),
Incremental Extensions of Credit. At any time after January 10, 2005, subject to the terms and conditions set forth herein, the U.S. Borrower may from time to time, by notice to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy of such notice to each of the Lenders), request to add additional term loans (the "Incremental Extensions of Credit") in minimum principal amounts of $50,000,000; provided that immediately prior to and after giving effect to any Incremental Facility Amendment (as defined below), (a) no Default or Event of Default has occurred and is continuing or shall result therefrom and (b) on a Pro Forma Basis, as of the last day of the most recently ended fiscal quarter of the U.S. Borrower for which financial statements have been delivered pursuant to Section 5.04, the U.S. Borrower and 134
Incremental Extensions of Credit. At any time prior to the Tranche B Maturity Date, subject to the terms and conditions set forth herein, the Borrower may at any time and from time to time, by notice to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy of such notice to each of the Lenders), request to add additional term loans (the "Incremental Extensions of Credit") in minimum principal amounts of $25,000,000, provided that immediately prior to and after giving effect to any Incremental Facility Amendment (as defined below), (a) no Default has occurred or is continuing or shall result therefrom and (b) on a Pro Forma Basis, as of the last day of the most recently ended fiscal quarter of the Borrower for which financial statements are available, (i) the Borrower shall be in compliance with the covenants contained in Sections 6.12 and 6.13, (ii) the Leverage Ratio shall be less
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Incremental Extensions of Credit. The following is inserted into the Loan Agreement as Section 2.13:
Incremental Extensions of Credit 

Related to Incremental Extensions of Credit

  • Commitments and Credit Extensions 33 Loans ......................................................................................................................33 Borrowings, Conversions and Continuations of Loans .........................................33

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