Accordion Notice definition

Accordion Notice shall have the meaning ascribed thereto in Section 2.6(a).

Accordion Notice shall have the meaning ascribed to such term in Section 3.10.1.

Accordion Notice has the defined meaning assigned to it in Subsection 2.12.

Examples of Accordion Notice in a sentence

• Within ten Business Days of the receipt by the Agent of an Accordion Notice requesting participation by the Lenders, each Lender shall advise the Agent as to whether or not it intends to participate in such increase of the Credit Facility.

• Within fifteen (15) Banking Days of the receipt by the Administrative Agent of an Accordion Notice, the Administrative Agent shall notify each Lender of the Accordion Notice and each Lender shall, within such fifteen (15) Banking Days period, advise the Administrative Agent as to whether or not it intends to participate in such increase of the Credit Facility.

• The Administrative Agent shall promptly notify each Lender of each Accordion Notice received by it from the Borrower.

• The Accordion Notice shall include a suggested increase amount (the "Accordion Increase Amount") and Accordion Increase Date and shall be provided to the Agent not less than forty (40) Business Days, or such shorter time period as the Parties may mutually agree, prior to such suggested Accordion Increase Date.

• The Accordion Notice shall be accompanied by evidence, satisfactory to the Facility Agent and the Class B Agent of compliance with the Financial Covenants on a pro forma basis after giving effect to the proposed Accordion Increase.

More Definitions of Accordion Notice

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

Accordion Notice has the meaning ascribed thereto in Section 2.03(1).

Accordion Notice shall have the meaning ascribed to such term in the 7th ARCA.

Accordion Notice has the meaning given to it in Section 2.6(a). (4) “Acquisition” means the following: (a) with respect to any Person that is a Designated Subsidiary, the acquisition (whether for cash, property, services, securities or otherwise) of any businesses within the retail automotive and/or recreational vehicle sectors, automotive, recreational vehicle leasing and finance sectors, any dealerships, any automotive body shops, any automotive and/or recreational vehicle service shops, and in each case any ancillary businesses related thereto, in each case, located within Canada or the United States of America or any agreements to make such acquisition. (b) with respect to any Person that is a Non-Designated Subsidiary, the acquisition (whether for cash, property, services, securities or otherwise) of any businesses within the retail automotive and/or recreational vehicle sectors, equipment (including heavy and agricultural equipment) sales and service sector, automotive, equipment and recreational vehicle leasing and finance sectors, any dealerships, any automotive body shops, any automotive and/or recreational vehicle service shops, any motor vehicle registry services, and in each case any ancillary businesses related thereto, in each case, located within Canada or the United States of America or any agreements to make such acquisition. (5) “Adjusted Daily Compounded XXXXX” means, for purposes of any calculation, the rate per annum equal to (a) Daily Compounded XXXXX for such calculation plus (b) the Daily Compounded XXXXX Adjustment; provided that if Adjusted Daily Compounded XXXXX as so determined shall ever be less than the Canadian Floor, then Adjusted Daily Compounded XXXXX shall be deemed to be the Canadian Floor. (6) “Adjusted Term XXXXX” means, for purposes of any calculation, the rate per annum equal to (a) Term XXXXX for such calculation plus (b) the Term XXXXX Adjustment; provided - 3 - CREDIT AGREEMENT that if Adjusted Term XXXXX as so determined shall ever be less than the Canadian Floor, then Adjusted Term XXXXX shall be deemed to be the Canadian Floor. (7) (5) “Administrative Agent” means The Bank of Nova Scotia when acting as administrative agent and any successor administrative agent appointed under Section 13.7. (8) (6) “Administrative Agent’s Account for Payments” means for all payments for and by the Borrowers, the following account maintained by the Administrative Agent at its Toronto main branch, to which payments and transfers are to be effecte...

Accordion Notice has the defined meaning assigned to it in Subsection 2.2(a).

Accordion Notice shall have the meaning given to that term in clause 9.2 (Accordion Commitments).

Accordion Notice means a notice substantially in the form set out in Schedule 14 (Form of Accordion Notice).