First Incremental Term Loan definition

First Incremental Term Loan has the meaning set forth in Section 2.1.2.
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First Incremental Term Loan has the meaning set forth in the Recitals to the Tenth Omnibus Amendment.
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Examples of First Incremental Term Loan in a sentence

  • Receipt by the Administrative Agent of a First Incremental Term Loan Notice appropriately completed and signed by a Responsible Officer of the Borrower in accordance with Section 2.02(a).

  • Headquartered in Park Ridge, NJ, Hertz operates from approximately 6,500 locations in the U.S. and in over 140 foreign countries.

  • Staff stated, however, that the Company did not tie any specific telemetered or non-telemetered load inaccuracies to the events that occurred on March 9, 2003.

  • The Borrower shall have delivered to the Administrative Agent a Compliance Certificate demonstrating that after giving effect to the incurrence of the First Incremental Term Loan the Loan Parties would be in compliance with the financial covenants set forth in Section 7.10 of the Credit Agreement on a Pro Forma Basis.

  • The First Incremental Term Commitment shall be automatically and permanently reduced to zero on the date of the Borrowing of the First Incremental Term Loan.

  • The amount of the First Incremental Term Loan Commitment of each First Incremental Term Loan Lender is set forth opposite such First Incremental Term Loan Lender’s name on Schedule 1.1(b) attached hereto.

  • The First Incremental Term Loan Commitments in effect on the First Incremental Closing Date automatically terminated upon the funding of the First Incremental Term Loans on the First Incremental Closing Date.

  • The maturity date for the First Incremental Term Loan is the Maturity Date.

  • Receipt by the Administrative Agent of (i) counterparts of this Amendment executed by the Borrower, the Guarantors, the First Incremental Lender and the Administrative Agent and (ii) counterparts of a fee letter (which shall be in form and substance satisfactory to the First Incremental Lender and set forth the upfront fee payable by the Borrower in connection with the First Incremental Term Loan) executed by the Borrower and the First Incremental Lender (the “First Incremental Fee Letter”).

  • The principal amount of the First Incremental Term Loan repaid or prepaid may not be reborrowed.

Related to First Incremental Term Loan

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

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

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

  • Total Incremental Term Loan Commitment means the sum of the Incremental Term Loan Commitments of any Class of Incremental Term Loans of all the Lenders providing such Class of Incremental Term Loans.

  • Incremental Term Lender means a Lender with an Incremental Term Loan Commitment or an outstanding Incremental Term Loan.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

  • Incremental Term B Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Incremental Term Note means a promissory note made by the Borrower in favor of an Incremental Term Lender, evidencing Incremental Term Loans made by such Incremental Term Lender, substantially in the form attached to the Incremental Term Supplement.

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

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

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Bid Incremental value means the minimum amount over and above the last highest bid amount by which any participating Qualified Bidder will be required to increase the next bid on the auction portal;

  • First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Incremental Commitment shall have the meaning set forth in Section 2.23.