Accordion Amount definition

Accordion Amount means, at any time, $500,000,000.

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Accordion Amount is defined in Section 2.2.1.

Accordion Amount means the aggregate amount of any increase in the Facility B Commitments pursuant to Clause 2.2 (Accordion feature — Increase of Facility B); and

Examples of Accordion Amount in a sentence

The increase in the Total Loan Commitment pursuant to any such particular request shall be at least an amount (the “Minimum Request”) equal to the lesser of (x) $50,000,000 or (y) the Accordion Amount less all previous increases in the Total Loan Commitment pursuant to this Section.
Notwithstanding anything to contrary herein, the principal amount of any Accordion Term Loans or Accordion Revolving Commitments shall not exceed the Available Accordion Amount at such time.
The increase in the Revolving Commitment Amount pursuant to any such particular request shall be at least an amount (the “Minimum Request”) equal to the lesser of (x) $10,000,000 or (y) the Accordion Amount less all previous increases in the Revolving Commitment Amount pursuant to this Section.
Subject to the conditions precedent in Section 2.2.5, the then current maximum amount of the Credit shall be increased on the Increase Effective Date by an amount equal to the increase in and additional Commitments agreed to in accordance with this Section 2.2 (or such lesser amount as allocated by the Agent and the Borrowers in the event the agreed to Accordion Requested Increases or additional Commitments are, in the aggregate, greater than the Accordion Amount).
Any Loans made by Lender pursuant to all or any portion of the Accordion Amount which has been approved for advances by the Lender shall be on the same terms set forth in this Agreement (including, for the avoidance of doubt, the Maturity Date and pricing).

More Definitions of Accordion Amount

Accordion Amount has the meaning given to that term in paragraph (a) of Clause 2.2 (Accordion feature — Increase of Facility B).

Accordion Amount means, as of any date of determination, the difference between $200,000,000 and the Aggregate Commitments in effect on such date of determination.

Accordion Amount has the meaning set forth in Section 2.2(h).

Accordion Amount set forth in Article I of the Credit Agreement is hereby amended to read as follows:

Accordion Amount means an amount up to $25,000,000.

Accordion Amount means, following the Amendment No. 3 Effective Date, $400,000,000, plus (i) to the extent the PPL EU Designated Borrower Effective Date has occurred and for so long as PPL EU remains a Designated Borrower, $250,000,000, plus (ii) to the extent the KU Designated Borrower Effective Date has occurred and for so long as KU remains a Designated Borrower, $250,000,000 and plus (iii) to the extent the LGE Designated Borrower Effective Date has occurred and for so long as LGE remains a Designated Borrower, $250,000,000; provided that the amounts set forth in clauses (i) to (iii) with respect to each Other Designated Borrower shall be reduced by the principal amount of “Optional Increases” exercised pursuant to the applicable Existing Designated Borrower Credit Agreement for such Other Designated Borrower prior to the applicable Designated Borrower Effective Date. “Additional Commitment Lender” has the meaning set forth in Section 2.08(d)(iv). “Adjusted Term SOFR” means, for purposes of any calculation, the rate per annum equal to Term SOFR for such calculation; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor. “Administrative Agent” means ▇▇▇▇▇ Fargo Bank, in its capacity as administrative agent for the Lenders hereunder and under the other Loan Documents, and its successor or successors in such capacity. “Administrative Questionnaire” means, with respect to each Lender, an administrative questionnaire in the form provided by the Administrative Agent and submitted to the Administrative Agent (with a copy to each Borrower) duly completed by such ▇▇▇▇▇▇. “Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution. “Affiliate” means, with respect to any Person, any other Person who is directly or indirectly controlling, controlled by or under common control with such Person. A Person shall be deemed to control another Person if such Person possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of the controlled Person, whether through the ownership of stock or its equivalent, by contract or otherwise. In no event shall any Agent or any Lender be deemed to be an Affiliate of any Borrower, the Guarantor or any of their respective Subsidiaries. “Agency Fee Letter” means that certain fee letter dated as of October 28, 2021 among the Company, ▇▇▇▇▇ Fargo Securities and ▇▇▇▇▇ Far...

Accordion Amount means, at any time, $750,000,000.