Facility Increase Amount definition

Facility Increase Amount has the meaning specified in Section 2.15.

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Facility Increase Amount means, with respect to each Joining Lender, the amount equal to either (x) its Nominal Facility Increase Amount if the applicable Subsequent Borrowing Date occurs before the first Payment Date or (y) its Nominal Facility Increase Amount minus the applicable Facility Increase Adjustment Amount if the applicable Subsequent Borrowing Date occurs after the first Payment Date.

Facility Increase Amount as defined in Section 1.3 of the Agreement. Facility Increase Effective Date – as defined in Section 1.3 of the Agreement. Fee Letter – as defined in Section 2.3 of the Agreement. Federal Funds Rate – for any day, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Agent from three Federal funds brokers of recognized standing selected by it.

Examples of Facility Increase Amount in a sentence

• No Lender shall be obligated to commit to any portion of the Uncommitted Facility Increase Amount.

• If the Uncommitted Facility Increase Offerees deliver commitments with respect to such Uncommitted Facility Increase in an amount in excess of the Uncommitted Facility Increase Amount, then Agent shall allocate the Uncommitted Facility Increase to the Uncommitted Facility Increase Offerees committing to the Uncommitted Facility Increase on any basis Agent determines appropriate in consultation with Borrower Representative.

• If the Offerees deliver commitments with respect to such Facility Increase in an amount in excess of the Facility Increase Amount, then Agent shall allocate the Facility Increase to the Offerees committing to the Facility Increase on any basis Agent determines appropriate in consultation with Borrower Representative.

• Subject to the terms and conditions set forth herein, the Borrower shall have the right, at any time and from time to time until the Maturity Date , to incur additional Indebtedness under this Agreement pursuant to one or more tranches of term loans (each an “Incremental Term Facility” and together with any Revolving Facility Increase, “Incremental Facilities”) in an aggregate amount not to exceed, when combined with the amount of any Revolving Facility Increases, the Incremental Facility Increase Amount.

• If the commitments of the Offerees in respect of such Facility Increase are less than the Facility Increase Amount, none of the Lenders shall have any obligation to commit to the uncommitted portion of such Facility Increase, and Borrowers may elect either to reduce the Facility Increase Amount accordingly or to terminate the request for a Facility Increase.

• The Joining Lender’s Nominal Facility Increase Amount is $7,500,000.00.

• If the Offerees deliver commitments with respect to such Facility Increase in an amount in excess of the Facility Increase Amount, then Agent shall allocate the Facility Increase to the Offerees committing to the Facility Increase on any basis Agent determines appropriate in consultation with Borrower Agent.

• On such Facility Increase Date, the WC Revolver Commitment of each Lender shall be increased on a pro rata basis based on each such Lender's Commitment Percentage of the Total WC Revolver Commitment as in effect after giving effect to the Facility Increase Amount.

• The Joining Lender hereby acknowledges, agrees, and confirms that from and after the Subsequent Borrowing Date, it shall be bound by the provisions of the Amended and Restated Loan Agreement and other Loan Documents to which it is bound as a Lender thereunder and, to the extent of the Facility Increase Amount being advanced by it, shall have the obligations of a Lender thereunder.

• In the event the commitments of the Offerees in respect of such Facility Increase are less than the Facility Increase Amount, none of the Revolving Credit Lenders or the Administrative Agent shall have any obligation to commit to the uncommitted portion of such Facility Increase, and the Borrower may elect either to reduce the Facility Increase Amount accordingly or to terminate its request for a Facility Increase.

More Definitions of Facility Increase Amount

Facility Increase Amount has the meaning specified in Section 2.15. WEIL:\98235875\14\35899.0561DOCPROPERTY DOCXDOCID DMS=IMANAGE FORMAT=<<LIB>>\<<NUM>>\<<VER>>\<<CLT>>.<<MTR>>WEIL\100652005\11\35899.0663

Facility Increase Amount as defined in Section 2.3. Facility Increase Effective Date: as defined in Section 2.3. Fee Letter: the fee letter agreement between Agent and Borrowers. Fiscal Quarter: each period of three months, commencing on the first day of a Fiscal Year. Fiscal Year: the fiscal year of Borrowers and Subsidiaries for accounting and tax purposes, ending on December 31 of each year.

Facility Increase Amount as defined in Section 2.3. Facility Increase Effective Date: as defined in Section 2.3.

Facility Increase Amount means the amount, not in excess of $50,000,000, by which the Line B Commitment is increased pursuant to a Facility Increase.

Facility Increase Amount means the amount, not in excess of $200,000,000, by which the Commitments are increased pursuant to a Facility Increase.