Facility Increase Allowance definition

Facility Increase Allowance means, at any time after the First Amendment Effective Date, an amount equal to the greater of (x) $450,000,000 minus the aggregate principal amount of any and all New Incremental Loans (excluding, for the avoidance of doubt, the 2015 Incremental Term Loans), New Incremental Revolving Commitments and issuances of New Incremental Notes and prior to such time and (y) an additional amount, so long as immediately after giving effect to the incurrence of such New Incremental Loans (and, with respect to any New Incremental Revolving Commitment, assuming a borrowing of the full amount of such New Incremental Revolving Commitments, with such calculation to be made excluding the cash proceeds of any debt incurred in respect thereof for cash netting purposes) or New Incremental Notes, as applicable, the First Lien Senior Secured Leverage Ratio of the Borrower does not exceed 2.25 to 1.0; provided, however, that notwithstanding anything to the contrary herein, New Incremental Revolving Commitments and/or New Incremental Revolving Loans shall not exceed $75,000,000 in the aggregate.
Sample 1Sample 2Sample 3
Facility Increase Allowance means, at any time after the Third Amendment Effective Date, an amount equal to the greater of (x) $450,000,000 minus the aggregate principal amount of any and all New Incremental Loans (excluding, for the avoidance of doubt, the 2015 Incremental Term Loans and the 2016 Incremental Term Loans), New Incremental Revolving Commitments and issuances of New Incremental Notes and prior to such time and (y) an additional amount, so long as immediately after giving effect to the incurrence of such New Incremental Loans (and, with respect to any New Incremental Revolving Commitment, assuming a borrowing of the full amount of such New Incremental Revolving Commitments, with such calculation to be made excluding the cash proceeds of any debt incurred in respect thereof for cash netting purposes) or New Incremental Notes, as applicable, the First Lien Senior Secured Leverage Ratio of the Borrower does not exceed 3.00 to 1.0; provided, however, that notwithstanding anything to the contrary herein, New Incremental Revolving Commitments and/or New Incremental Revolving Loans shall not exceed $75,000,000 in the aggregate.
Sample 1
Facility Increase Allowance as defined in Section 2.26(a).
Sample 1

More Definitions of Facility Increase Allowance

Facility Increase Allowance means, at any time, an amount equal to the greater of (x) $450,000,000 minus the aggregate principal amount of any and all New Incremental Term Loans and issuances of New Incremental Notes made prior to such time and (y) an additional amount, so long as immediately after giving effect to the incurrence of such New Incremental Term Loans or New Incremental Notes, as applicable, the First Lien Senior Secured Leverage Ratio of the Borrower does not exceed 2.25 to 1.0.
Sample 1
Facility Increase Allowance set forth in Section 1.1 of the Existing Credit Agreement is amended by adding the following sentence at the end thereof: “As of the Fourth Amendment Effective Date, the New Incremental Revolving Commitments are $75,000,000.”
Sample 1

Related to Facility Increase Allowance

  • Facility Increase has the meaning provided in Section 2.15(a).

  • Increase Amount is defined in Section 2.3(a).

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Subordination Increase Amount As to any Distribution Date, the lesser of (i) the Subordination Deficiency and (ii) the Excess Interest.

  • Commitment Increase Agreement has the meaning assigned to such term in Section 2.20.

  • Incremental Facility Amendment has the meaning assigned to such term in Section 2.20(f).

  • Annual increase means, initially, fifty-nine cents per month

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Commitment Increase Notice has the meaning assigned to such term in Section 2.19.

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • Commitment Increase Supplement as defined in subsection 2.20(c).

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Leverage Increase Period has the meaning specified in Section 7.11(a).

  • CPI Increase means the percentage increase in CPI over the preceding Lease Year as calculated by the fraction whose numerator is (a) the most current CPI available on the date of calculation minus (b) the most current CPI available on the first day of the immediately preceding Lease Year in question (the “Base CPI”), and whose denominator is the Base CPI, but in no event shall the “CPI Increase” be less than zero.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Insurance Cost Increase shall not, however, include any premium increases resulting from the nature of the occupancy of any other lessee of the Building. If the parties insert a dollar amount in Paragraph 1.9, such amount shall be considered the "BASE PREMIUM." If a dollar amount has not been inserted in Paragraph 1.9 and if the Building has been previously occupied during the twelve (12) month period immediately preceding the Commencement Date, the "Base Premium" shall be the annual premium applicable to such twelve (12) month period. If the Building was not fully occupied during such twelve (12) month period, the "Base Premium" shall be the lowest annual premium reasonably obtainable for the Required Insurance as of the Commencement Date, assuming the most nominal use possible of the Building. In no event, however, shall Lessee be responsible for any portion of the premium cost attributable to liability insurance coverage in excess of $1,000,000 procured under Paragraph 8.2(b).

  • Tranche C Term Loan Commitment means, with respect to each Tranche C Term Loan Lender, the commitment of such Lender to make Tranche C Term Loans under the Tranche C Term Loan Incremental Facility Agreement.

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).