Accordion Feature definition

Accordion Feature has the meaning assigned to such term in Section 2.10.

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Accordion Feature shall have the meaning set forth in Section 3(j) of this Agreement.

Accordion Feature means an increase to the Revolving Line to an amount equal to Seventy Five Million Dollars ($75,000,000); provided (i) Parent requests the Accordion Feature upon no less than thirty (30) Business Days’ prior written notice to Bank, (ii) there is no Default or Event of Default in existence, and none will exist upon the making of such Accordion Feature (both before and immediately after giving effect to such Accordion Feature), (iii) Bank has obtained the written commitment of an additional lender or lenders to fund such increase to the Revolving Line on terms and conditions satisfactory to Bank and Borrowers; (iv) Bank, Borrowers and such additional lender or lenders have executed all documents requested by Bank and such additional lender or lenders to evidence such additional commitment to lend; and (v) Borrowers have taken all other actions requested by Bank and such additional lender or lenders in connection therewith to the satisfaction of Bank and such lender or lenders in their reasonable business discretion.

Examples of Accordion Feature in a sentence

If the Accordion Feature is agreed to by the Lenders and Agent pursuant to the provisions of this Section 2.10, the Borrower shall be required to take such steps (including without limitation the execution of such documents) as the Agent determines necessary to effectuate the Accordion Feature.
If the Accordion Feature is agreed to by the Lenders and the Administrative Agent pursuant to the provisions of this Section 2.10, the Borrowers shall be required to take such steps (including without limitation the execution of such documents) as the Administrative Agent determines necessary to effectuate the Accordion Feature.
The Accordion Feature may be provided by any existing Lender or new Lender; however, no Lender shall be required to assume any increase.
If the Accordion Feature has been implemented, measured as of the end of each calendar quarter, a Debt to Annualized EBITDA Ratio of not more than 2.25 to 1.00.
Minimum Adjusted Quick Ratio (Monthly) 1.00:1.00 :1.00 Yes No Minimum EBITDA (Quarterly) See Attached $ Yes No Maximum Debt to Annualized EBITDA (Quarterly) * :1.00 Yes No* * 2.25 to 1.00 required after implementation of the Accordion Feature but to be reported quarterly for purposes of determining applicable margins and letter of credit fees The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.
Business Associate shall document disclosures of PHI and information related to such disclosures as would be required for Covered Entity to respond to a request by an Individual for an accounting of disclosures of PHI in accordance with 45 C.F.R. § 164.528.
This accordion feature (the "Accordion Feature") shall be in the sole discretion of the Lenders and Agent and shall not constitute an obligation or commitment to lend.

More Definitions of Accordion Feature

Accordion Feature means increases from time to time to the Revolving Credit Aggregate Commitment by an aggregate outstanding amount not to exceed Seventy Five Million Dollars ($75,000,000); provided (i) Borrower requests the Accordion Feature upon no less than twenty (20) Business Days’ prior written notice (except with respect to that portion of the Accordion Feature to be made available on the Effective Date, as specified on Schedule 1.2, as to which no prior notice shall be required), (ii) there is no Default or Event of Default in existence, and none will exist upon the making of such Accordion Feature (both before and immediately after giving effect to such Accordion Feature), and (iii) each Lender which desires to increase its Revolving Credit Commitment to participate in the Accordion Feature has obtained any necessary approvals therefor.

Accordion Feature. Maximum Amount. Section 2.15(f) of the Credit Agreement is hereby amended and restated in its entirety to hereafter be and read as follows: