Accordion Activation definition

Accordion Activation has the meaning set forth in Section 2.2(h).
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Accordion Activation has the meaning assigned to that term in subsection 2.1(f)
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Accordion Activation has the meaning assigned to that term in Section 2.02(d) of the Transfer Agreement.
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Examples of Accordion Activation in a sentence

  • On the effective date of the Accordion Activation effected in accordance with this Section 2.2.A(h), Schedule C-1 annexed hereto shall be deemed to be amended to reflect (x) the name, address, Commitment, and Pro Rata Share of each U.S. Lender after giving effect to such Accordion Activation, and (y) the Maximum Revolver Amount and U.S. Commitments as increased by such Accordion Activation.

  • In addition, to the extent any Lender hereunder agrees to make U.S. Advances pursuant to a request for an Accordion Activation, U.S. Borrowers shall pay Agent (for the ratable benefit of the Accordion Lenders, subject to any letter agreement between Agent and Accordion Lenders), a fee in an amount to be agreed upon by the U.S. Borrowers and the Agent.

  • Additional U.S. Advances may not be advanced in respect thereof, (1) if the aggregate U.S. Commitment to be increased pursuant to this Section 2.2.A(h) is in an amount which exceeds, in the aggregate, the Accordion Amount and (2) if a Default or Event of Default will occur as a result of such Accordion Activation.

  • If Existing Purchasers do not elect to increase their aggregate Commitments by the amount of the requested Accordion Activation, MRFC may offer to Persons who are not Existing Purchasers (but who are otherwise acceptable to MRFC and the Administrative Agent) to become Additional Purchasers with Commitments totaling the balance of the requested Accordion Activation.

  • Any agreement by a Lender to increase its commitment to make U.S. Advances hereunder shall be an Accordion Activation (“Accordion Activation”).

  • Agent shall notify Administrative Borrower and each Lender of the Lenders’ responses to each request for an Uncommitted Accordion Activation made hereunder.

  • Agent shall notify Administrative Borrower and each Lender of the Lenders’ responses to each request for an Accordion Activation made hereunder.

  • Amendment to Section 1.1 of the Loan Agreement (definition of Accordion Activation Fee).

  • On the effective date of the Accordion Activation effected in accordance with this Section 2.2(h), Schedule C-1 annexed hereto shall be deemed to be amended to reflect (a) the name, address, Commitment, and Pro Rata Share of each Lender, and (B) the Maximum Revolver Amount and Commitments as increased by such Accordion Activation.

  • If the Commitments are increased in accordance with this Section 2.2(h), Agent, in consultation with Administrative Borrower, shall determine the effective date (the “Uncommitted Accordion Activation Date”) and the final allocation of such increase.

Related to Accordion Activation

  • Activation or "Activated" shall mean (i) with respect to the Limited Partnership, the date on which the Limited Partnership is formed, and (ii) with respect to the Production Partnership, the date on which the Limited Partnership shall have made its Capital Contribution to the Production Partnership.

  • Increased Facility Activation Notice means a notice substantially in the form of Exhibit B-1.

  • Interconnection Activation Date means the date that the construction of the joint facility Interconnection arrangement has been completed, trunk groups have been established, joint trunk testing is completed and trunks have been mutually accepted by the Parties.

  • Activation Notice have the meanings ascribed thereto in Annex C.

  • Deactivation means the retirement or mothballing of a generating unit governed by Tariff, Part V.

  • Permitted Amendment means, with respect to any Shared-Loss Loan Commitment or Shared-Loss Loan, any amendment, modification, renewal or extension thereof, or any waiver of any term, right, or remedy thereunder, made by the Assuming Bank in good faith and otherwise in accordance with the applicable requirements set forth in Article III of this Commercial Shared-Loss Agreement and the then effective written internal credit policy guidelines of the Assuming Bank; provided, that:

  • Facility Increase Request means the notice in the form of Exhibit H pursuant to which the Borrowers request an increase of the Maximum Commitment in accordance with Section 3.6.

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Activation Date means the date on which the Service and User Account (hereinafter defined) are activated for the Customer by TM as more particularly described in Clause 3.2 hereunder.

  • Reactivation means the process whereby an inactive licensee obtains a current license.

  • Incremental Facility Amendment has the meaning specified in Section 2.14(d).

  • Commitment Increase Notice as defined in Section 2.1(b).

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Facility Increase has the meaning provided in Section 2.15(a).

  • Commitment Increase Agreement has the meaning assigned to such term in Section 2.20.

  • Commitment Increase Effective Date has the meaning set forth in Section 2.02(b).

  • Requisite Term Loan Lenders shall in no event mean less than two Term Loan Lenders.

  • Additional Revolving Facility means any revolving credit facility added pursuant to Sections 2.22, 2.23 or 9.02(c)(ii).

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Commitment Increase Supplement as defined in subsection 2.20(c).

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any Incremental Commitments which shall be consistent with the applicable provisions of this Agreement relating to such Incremental Commitments and otherwise reasonably satisfactory to the Administrative Agent and the Borrower.

  • Initial Revolving Facility means the Initial Revolving Credit Commitments and the Initial Revolving Loans and other extensions of credit thereunder.

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).