Increased Facility Amount definition
Increased Facility Amount has the meaning set forth in Section 2.8.
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.
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.
Examples of Increased Facility Amount in a sentence
The Borrower shall provide notice to the Administrative Agent of any requested Increased Facility Amount.
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 (which shall promptly provide a copy of such notice to the Lenders) 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 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.
Increased Facility Amount has the meaning specified in Section 2.16(b).
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-
Increased Facility Amount has the meaning set forth in Section 2.7. “Indebtedness” means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with Appropriate Accounting Principles: (i) all obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments, (ii) all direct or contingent obligations of such Person arising under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments, (iii) the net obligations of such Person under any Swap Contract, (iv) all obligations of such Person to pay the deferred purchase price of property or services (other than (x) trade accounts payable in the ordinary course of business, in each case, not past due for more than ninety days after the date on which such trade account payable was created and (y) obligations relating to clearing and settling purchases and sales of securities, in each case not past due more than five Business Days after such purchase or sale), (v) all indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse, (vi) all capital leases and synthetic lease obligations, (vii) all commitments of such Person to make an investment in another Person or to purchase, redeem, retire, defease or otherwise make any payment in respect of any equity interest in such Person or any other Person, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends, (viii) all obligations of such Person to post margin or collateral (however characterized) under any prime brokerage, securities account, options or similar agreements, (ix) any other obligation of such Person that would constitute indebtedness evidenced by senior securities under the Investment Company Act and (x) all guarantees of such Person in respect of any of the foregoing. For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability com...
Increased Facility Amount means the amount by which the Facility Amount ------------------------- increases on an Adjustment Date.
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.
Increased Facility Amount means an increase in the Revolving