Available Increase Amount definition

Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $50,000,000, minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of this Agreement.

Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $25,000,000 minus (b) the aggregate principal amount of Increases to the Revolving Credit Facility Commitment previously made pursuant to Section 2.19 of this Agreement.

Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $135,000,000, minus (b) the aggregate principal amount of Increases to the Commitments made after the Restatement Date pursuant to Section 2.19 of this Agreement.

Examples of Available Increase Amount in a sentence

• Any Increase shall be in an amount of at least the lesser of (x) $15,000,000 and (y) the Available Increase Amount and integral multiples of $5,000,000 in excess thereof.

• Additionally, for the avoidance of doubt, it is understood and agreed that in no event shall the aggregate amount of the Increases to the Revolver Commitments exceed the Available Increase Amount.

• Any Increase shall be in an amount of at least $5,000,000 (or such lesser amount as then equals the Available Increase Amount) and integral multiples of $1,000,000 in excess thereof.

• The Agent (or its counsel) shall have received a certificate of the Borrower, dated as of the 2019 Term Loan Increase Effective Date, certifying that at the time of such borrowing of 2019 Incremental Term Loans and after giving effect thereto, the Borrower shall be in compliance with the Available Increase Amount, which certificate shall be in reasonable detail and shall provide the calculations and basis therefor.

• For the avoidance of doubt, the parties agree and acknowledge that the Term A-1 Facility constitutes an Incremental Term Loan effectuated pursuant to this Section 2.16 as of the First Amendment Closing Date, and constitutes usage of the Available Increase Amount.

More Definitions of Available Increase Amount

Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $75,000,000 minus (b) the Dollar Equivalent of the aggregate principal amount of Increases to the US Term Loan Amount and the Canadian Term Loan Amount previously made pursuant to Section 2.15 of the Agreement.

Available Increase Amount means an amount equal to (a) $600,000,000 minus (b) the aggregate principal amount of all Permitted Pari Passu Indebtedness incurred since the Closing Date that is in excess of $250,000,000 in the aggregate.

Available Increase Amount means, as of any date of determination, an amount equal to the result of

Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $10,000,000 minus

Available Increase Amount means $0.

Available Increase Amount means, as of any date of determination, the sum of (a) (x) the greater of $83,000,000 and (y) 100% of the EBITDA for the most recent Reference Period (the “Fixed Increase Amount”) plus (b)(i) the aggregate principal amount of Term Loans voluntarily prepaid prior to such date pursuant to Section 2.4(d), (ii) the aggregate principal of all permanent reductions of Revolving Commitments prior to such date pursuant to Section 2.4(d) and (iii) the aggregate principal amount of non-revolving Indebtedness voluntarily prepaid prior to such date that is secured by Liens on the Collateral ranking on an equal priority basis with the Lien securing the Obligations, in each case, except to the extent financed with proceeds from the incurrence of long-term indebtedness, including any incurrence pursuant to clause (c) below plus (c) an additional unlimited amount, so long as in the case of this clause (c), after giving effect to such Incremental Loan (and assuming in the case of any Incremental Revolving Loan, that such Revolving Commitments have been fully drawn) and the use of proceeds thereof, (A) if such Incremental Loan is secured by a Lien on the Collateral that is pari passu with the Lien securing the Obligations, the First Lien Leverage Ratio calculated on a pro forma basis, including the application of the proceeds thereof (without “netting” the cash proceeds of the relevant Incremental Loans) and, if applicable, the pro forma impact of any Acquisition to be effected with the proceeds thereof, shall be equal to or less than 4.00 to 1.00, (B) if such Incremental Loan is secured by a Lien on the Collateral that is junior to the Lien securing the Obligations, the Secured Leverage Ratio calculated on a pro forma basis, including the application of the proceeds thereof (without “netting” the cash proceeds of the relevant Incremental Loans) and, if applicable, the pro forma impact of any Acquisition to be effected with the proceeds thereof, shall be equal to or less than 4.00 to 1.00 and (C) if such Incremental Loan is unsecured the Total Leverage Ratio calculated on a pro forma basis, including the application of the proceeds thereof (without “netting” the cash proceeds of the relevant Incremental Loans) and, if applicable, the pro forma impact of any Acquisition to be effected with the proceeds thereof, shall be equal to or less than 5.00 to 1.00 (the “Ratio Increase Amount”); provided, that the Borrower may elect to use the Ratio Increase Amount prior to the Fixed In...

Available Increase Amount has the meaning given that term in Section 2.14.