First Incremental Revolving Commitment definition

First Incremental Revolving Commitment means the New Revolving Commitments as defined in the First Incremental Agreement.

First Incremental Revolving Commitment means the New Revolving Commitments as defined in the First Incremental Agreement. “Tranche B-1 Commitment” means, for each Tranche B-1 Lender, the amount as defined therefor in the First Incremental Agreement. “Tranche B-1 Funding Date” means the date on which the Tranche B-1 Loans are made (if at all) pursuant to the First Incremental Agreement. “Tranche B-1 Lender” means the “Tranche B-1 Lenders” identified in and party to the First Incremental Agreement. “Tranche B-1 Loan” has the meaning set forth in Section 2.01. For the avoidance of doubt, the “Applicable Margin” and “Maturity Date” for each Tranche B-1 Loan shall be as provided for all Term Loans in the Credit Agreement as in effect on the date hereof. (ii) Section 2.01: The existing text of Section 2.01 of the Credit Agreement is designated to be clause “(a)” thereof, and the following new clause (b) is added to read in full as follows: 2 (b) Each Tranche B-1 Lender severally (and not jointly) agreed, on the terms and subject to the conditions set forth in the First Incremental Agreement, to make an Incremental Term Loan (each, a “Tranche B-1 Loan”) to the Borrower on the Tranche B-1 Funding Date in the amount of such Tranche B-1 Lender’s Tranche B-1

Examples of First Incremental Revolving Commitment in a sentence

• Section 2.25(c) of the Credit Agreement is hereby amended to add the following language immediately prior to the period at the end of the first sentence thereof:; provided, however, that notwithstanding anything to the contrary contained in this Agreement, no notice shall be required from the Borrower pursuant to Section 2.25 with respect to the Borrower’s request for the Tranche B-1 Loans and the First Incremental Revolving Commitment.

• On the Amendment No. 1 Effective Date, each Incremental Revolving Lender severally agrees that, immediately after the establishment of the First Incremental Revolving Commitments, the First Incremental Revolving Commitment of such Incremental Revolving Lender shall become effective and the Revolving Commitments shall be deemed increased by the aggregate amount of First Incremental Revolving Commitments in the amounts set forth in Annex A hereto.

• Pursuant to Sections 2.19 and 11.01 of the Credit Agreement, with effect from and including the Amendment No. 1 Effective Date, each Incremental Revolving Lender shall become a party to this Amendment and the Amended Credit Agreement with all of the rights and obligations of a “Lender” and a “Revolving Lender” under the Amended Credit Agreement and the other Loan Documents, and shall each have a First Incremental Revolving Commitment in the amount set forth opposite its name on Annex A hereto.