Examples of Facility Increase Conditions in a sentence
The Facility Amount may be increased up to Six Hundred Million Dollars and NO/00 ($600,000,000.00) provided that the Facility Increase Conditions (as defined below) are satisfied.
For each fiscal year during the Term, Executive shall be eligible to participate in the Company’s Short-Term Incentive Plan, or any successor plan (the “STIP”), under terms and conditions no less favorable than other senior executives of the Company; provided that Executive’s “target” short-term incentive opportunity shall not be less than 75% of his Annual Base Salary (the “Target STI”), effective as of July 26, 2017.
The Facility Amount may be increased to up to Two Hundred Fifty Million Dollars ($250,000,000); provided that the Facility Increase Conditions (as defined below) are satisfied.