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

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

  • 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.

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

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

  • Any such Committed Accordion Activation shall be provided on a pro rata basis by each of the Lenders and shall otherwise be on the same terms as the existing facility under this Agreement.

  • The covenants set forth in this Section will not be applicable to Company in any fiscal month during which Company maintains Excess Availability at all times of (i) $7,500,000 or more prior to the Accordion Activation and (ii) $10,000,000 or more following the Accordion Activation, provided, that in each case no Event of Default has occurred and is continuing.

  • Such fee shall be deemed fully earned and be due and payable such Accordion Activation Date.

  • Upon the effective date (the “Committed Accordion Effective Date”) of any such Committed Accordion Activation (i) the Aggregate Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Committed Accordion Activation, and (ii) Schedule C-1 shall be deemed modified, without further action, to reflect the revised Commitments and Pro Rata Share of the Lenders.

Related to Accordion Activation

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

  • 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. Deactivation Avoidable Cost Credit:

  • 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:

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

  • Activation Date means the date upon which MLBFS shall cause the WCMA Line of Credit to be fully activated under MLPF&S' computer system as part of the WCMA Program.

  • Incremental Facility Amendment has the meaning assigned to such term in Section 2.20(f).

  • Commitment Increase Notice has the meaning assigned to such term in Section 2.19.

  • Corrective Extension Amendment has the meaning specified in Section 2.16(6).

  • 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 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 New Term Loans which shall be consistent with the applicable provisions of this Agreement relating to New Term Loans otherwise satisfactory to the 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).

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

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • Permitted Amendments has the meaning specified in Section 10.01.