Accordion Facility definition

Accordion Facility and “Accordion Facilities”: as defined in Subsection 2.6(a).

Accordion Facility means any term loan facility that may be established and made available under this Agreement as described in Clause 6 (Establishment of an Accordion Facility).

Accordion Facility means the revolving line of credit described in Section 2.2, below.

Examples of Accordion Facility in a sentence

• Any Accordion Facility Increase may be denominated in Dollars, any Designated Foreign Currency and, to the extent that every Lender and Additional Lender providing such Accordion Facility Increase is able to make Loans in another agreed currency, such other currency.

• Each Accordion Facility Increase shall be in a minimum aggregate amount of at least $15,000,000 and in integral multiples $5,000,000 in excess thereof.

• The First Lien Note Purchase Agreement includes an Accordion Facility of $10 million, and the Company may offer notes for purchase to the Floating Rate Secured Noteholders under the same terms including interest rate and maturity date as the Floating Rate Secured Notes, subject to certain limitations and in increments of no less than $1 million.

• Withdrawal of the Accordion Facility Proposal shall terminate the process set out in this Clause 6 (Establishment of Accordion Facility) in respect of the Accordion Facility proposed in the Accordion Facility Proposal and the Accordion Facility shall not be established.

• The Accordion Facility Terms specified in the Accordion Facility Notice delivered in respect of the Accordion Facility and any fee or commission payable to the Accordion Facility Lenders under the Accordion Facility shall be the same as those set out in the Accordion Facility Proposal relating to the Accordion Facility.

More Definitions of Accordion Facility

Accordion Facility means the uncommitted term loan facility made available under this Agreement as described in clause 2 (The Facilities).

Accordion Facility has the meaning given to that term in Clause 2.3 (Accordion Facility).

Accordion Facility means any revolving facility that may be established and made available under this Agreement as described in Clause 6.1 (Establishment of Accordion Facility) and if more than one Accordion Facility Dates occurs such term shall mean the single reconstituted revolving facility referred to at paragraph (a) of Clause 7.3 (Reduction of the Accordion Facility).

Accordion Facility shall, where used in any Finance Document, mean any accordion facility made available under Clause 2.5 (Accordion Facility) of the Facility Agreement.

Accordion Facility means, at any relevant time and subject to the provisions of Clause 2.6, a term loan facility in an aggregate principal amount of up to $100,000,000.

Accordion Facility means a term loan facility described in Clause 2.2 (Accordion Facility).

Accordion Facility means the extension of credit to Borrower made by Lenders pursuant to the provisions of Section 2.6.