Increased Facility Amount definition

Increased Facility Amount has the meaning set forth in Section 2.8.
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Increased Facility Amount means an increase in the Revolving Credit Commitments (whether by the Revolving Credit Lenders or New Lenders) of up to $25.0 Million.
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Increased Facility Amount means an increase in the Revolving ------------------------- Credit Commitments (whether by the Lenders or New Lenders) of up to $25 million, which increase shall not require the consent of any Lender (other than any Lender agreeing to make available the increase in the Revolving Credit Commitments), if no Default or Event of Default has occurred and is continuing and the date of such increase is not prior to the one year anniversary of the Closing Date.
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Examples of Increased Facility Amount in a sentence

  • If and to the extent agreed to be extended by any Revolving Credit Lender or New Lender, the Increased Facility Amount shall become part of the Revolving Credit Commitments.

  • The Borrower shall provide notice to the Administrative Agent of any requested Increased Facility Amount.

  • No Agent or Lender shall have any obligation or liability whatsoever to any Company or any other Person with respect to the approval of any Increased Facility Amount or for any refusal to approve, negotiate or consider any such proposal or for any act or omission related thereto.

  • The Borrower shall provide notice to the Administrative Agent (which shall promptly provide a copy of such notice to the Lenders) of any requested Increased Facility Amount.

  • The Board, at its first meeting after each annual meeting of stockholders, shall choose the officers of the corporation.

  • Notwithstanding the foregoing, during the period after the giving of the Additional Commitment Notice and prior to the Syndication Expiration Date, the Lender which is the Agent shall have the right, at its option, to commit to make the Additional Commitments available to the Borrower and, if the Lender which is the Agent shall so elect to commit to making the Additional Commitments available to the Borrower, to arrange a syndicate of Lenders with Commitments aggregating the Increased Facility Amount.

  • To the extent existing Revolving Credit Lenders decline to make available all of the Increased Facility Amount, Borrower may approach New Lenders to provide such increase provided that the conditions to obtaining the Increased Facility Amount have been satisfied; provided, however, that any such New Lenders, upon the making of a Revolving -------- ------- Credit Commitment pursuant to the Increased Facility Amount, shall be treated as Revolving Credit Lenders for all purposes of this Agreement.

  • In arranging and syndicating the Increased Facility Amount, we may use and rely on the Information and the Projections without independent verification thereof.

  • You further agree that no other titles will be awarded and no compensation (other than that expressly contemplated by this Supplemental Commitment Letter) will be paid in connection with the Increased Facility Amount unless you and we shall so agree.

  • The Administrative Agent may, in its sole discretion, offer one or more Lenders the opportunity (but not the obligation), for a period of 20 days following receipt of such notice, to elect by notice to the Borrower and the Administrative Agent to subscribe to participate in the Increased Facility Amount to the extent of its Percentage.


More Definitions of Increased Facility Amount

Increased Facility Amount see Section 2.01(g). There is no commitment for all or any part of the Increased Facility Amount as of the Closing Date. No Lender shall have any obligation for any part of the Increased Facility Amount unless it shall have expressly consented thereto in writing.
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Increased Facility Amount has the meaning set forth in Section 2.9. Custodian with direct responsibility for the administration of the Contract Files, or to whom any Contract File custodial matter is referred because of his or her knowledge of or familiarity with a particular subject, (c) the Facility Agent, the president, any vice president or assistant vice president of the Facility Agent, or any other officer or employee having similar functions or (d) any other Person, the President, any Vice-President or Assistant Vice-President or any other officer or employee having similar functions.
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Increased Facility Amount has the meaning specified in Section 2.16(b).
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Increased Facility Amount means an increase in the Revolving
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Increased Facility Amount means the amount by which the Facility Amount ------------------------- increases on an Adjustment Date.
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Increased Facility Amount has the meaning set forth in Section 2.8(b). “Indebtedness” means, with respect to any Person, as of any day, without duplication: (i) all obligations of such Person for borrowed money; (ii) all obligations of such Person evidenced by bonds, debentures, notes, deferrable securities or other similar instruments; (iii) all obligations of such Person to pay the deferred purchase price of property or services, except trade accounts payable arising in the ordinary course of business; (iv) all obligations of such Person as lessee under capital leases; (v) all non-contingent obligations of such Person to reimburse or prepay any bank or other Person in respect of amounts paid under a letter of credit, banker’s acceptance or similar instrument; (vi) all debt of others secured by a Lien on any asset of such Person, whether or not such debt is assumed by such Person; and (vii) all debt of others guaranteed by such Person and other contingent obligations to purchase, to provide funds for payment, to supply funds to invest in any Person or otherwise to assure a creditor against loss. “Indemnified Amounts” has the meaning set forth in Section 16.1. “Indemnified Party” has the meaning set forth in Section 16.1. “Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made to a Recipient by or on account of any obligation of the Borrower under any Transaction Document and (b) to the extent not otherwise described in clause (a), Other Taxes. -28-
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Related to Increased Facility Amount

  • 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.

  • Available Commitment means a Lender’s Commitment minus:

  • Available Commitments shall refer to the aggregate of the Lenders’ Available Commitments hereunder.

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.