Accordion Increase definition

Accordion Increase means as defined in Section 2.1(c).

Accordion Increase means an increase to the Maximum Revolving Advance Amount effectuated pursuant to the terms of Section 2.15 hereof.

Accordion Increase has the meaning specified in Section 2.25(a).

Examples of Accordion Increase in a sentence

• In addition, a fee letter may be entered into between the Administrative Agent and Rayonier in connection with any such Accordion Increase setting forth all fees payable to the Administrative Agent in connection with obtaining subscriptions for, and implementation of, the Accordion Increase, with such fees to be based upon current market conditions.

• The Administrative Agent shall have no obligation to offer any Lender or new lender the opportunity to participate in any such Accordion Increase and nothing herein shall prohibit the Administrative Agent from retaining for its own account, as a Lender, all or substantially all of such Accordion Increase.

• Each new lender (if any) joining this Agreement to provide a Revolving Commitment hereunder in connection with an Accordion Increase (each a “New Lender”) shall be subject to the approval of the Borrowers and each of the Administrative Agent, the Swing Line Lender and the Issuing Bank.

• The Borrower shall first offer the then existing Lenders, on a pro rata basis, the opportunity to participate in any Accordion Increase prior to making such offer to new lenders, but no existing Lender shall be obligated to participate in any such Accordion Increase.

• The Administrative Agent shall promptly notify the Borrower and the Lenders of the final allocation of such Additional Term Loans and the Accordion Increase Effective Date.

More Definitions of Accordion Increase

Accordion Increase shall have the meaning provided in Section 2.13(a).

Accordion Increase has the meaning given to it in Clause 2.2 (The Accordion Option).

Accordion Increase has the meaning specified in Section 2.01(b). “Acquisition” means the acquisition by any Loan Party or any Subsidiary of a Loan Party, whether in a single transaction or in a series of related transactions, of any business, division, line of business or other business unit of another Person or at least a majority of the Voting Stock of another Person, in each case whether or not involving a merger or consolidation with such other Person and whether for cash, property, services, assumption of Indebtedness, securities or otherwise; provided that any acquisition by a Loan Party of assets or Voting Stock of another Loan Party and any acquisition by a Loan Party or Subsidiary of assets or Voting Stock of a Subsidiary that is not a Loan Party shall not constitute an “Acquisition” for purposes of this Agreement. “Additional Term Loan” means each loan made under each Additional Term Loan Facility. “Additional Term Loan Facility” has the meaning specified in Section 2.01(b). “Additional Term Loan Facility Agreement” means an agreement evidencing a new Additional Term Loan Facility in form and substance reasonably acceptable to the Administrative Agent and the Borrower. “Additional Term Loan Facility Commitment” means, as to any Lender at any time, its commitment to an Additional Term Loan Facility as set forth in an Additional Term Loan Facility

Accordion Increase means, in relation to the Facility, a proposed increase in Commitments for the Facility.

Accordion Increase has the meaning given to it in Section 2.5;

Accordion Increase has the meaning specified in Section 2.1(e)(i).

Accordion Increase has the meaning set forth in Section 0. “Account Bank” means the Royal Bank of Canada or any other bank or other financial institution satisfactory to the Directing Agent.