Incremental Advances definition

Incremental Advances means advances made by one or more Incremental Lenders to the Company pursuant to this Agreement. Incremental Advances may be made in the form of additional Revolving Loan Advances, Tranche A1 Advances, Tranche A2 Advances, Term Loan B Advances or, to the extent permitted by Section 2.20 and provided for in the relevant Incremental Assumption Agreement, as Other Term Loan Advances.
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Incremental Advances means the Incremental Revolving Credit Advances and the Incremental Term Advances.
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Incremental Advances has the meaning specified in Section 2.01(4).
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Examples of Incremental Advances in a sentence

  • In the event that any Incremental Advances are made on an Increased Amount Date, the applicable Borrower shall repay such Incremental Advances on the dates and in the amounts set forth in the Incremental Assumption Agreement.

  • The terms of each Incremental Advance shall be identical to the terms applicable to the Advance under this Agreement and upon issuance of any such Incremental Advance pursuant to such Incremental Amendment, such Incremental Advances shall each be treated as an Advance as provided under the Incremental Amendment.

  • For all other Incremental Advances, insert the Restatement Conversion Price (as defined in the Securities Purchase Agreement) for the relevant Incremental Advance.

  • Upon the incurrence thereof, the 2021 Incremental Term B Advances shall constitute a new Class of Advances and a new Series of Incremental Advances under the Amended Loan Agreement.

  • Schedule 1.1(d) has been updated as of the Second Restatement Closing Date to reflect all Incremental Advances.

  • Each Incremental Advance made pursuant to this Loan Agreement and all payments made on the Incremental Advances shall be recorded by Lender on its books and records.

  • In addition, to the extent any Incremental Advances are not Other Advances, the scheduled amortization payments under Section 2.4 required to be made after the making of such Incremental Advances shall be ratably increased by the aggregate principal amount of such Incremental Advances.

  • The failure to record any Incremental Advance, prepayment, or payment shall not limit or otherwise affect the obligation of Borrower to pay any amounts due hereunder on the Incremental Advances.

  • Borrower may request Incremental Advances under this Loan Agreement.

  • Amounts paid or prepaid in respect of Incremental Advances may not be reborrowed.


More Definitions of Incremental Advances

Incremental Advances has the meaning set forth in Section 1.1.
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Incremental Advances has the meaning set forth in Section 2.1(a). -------------------- --------------
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Incremental Advances means the Incremental Revolving Credit Advances and the Incremental Term Advances. “Incremental Assumption Agreement” means an Incremental Assumption Agreement among, and in form and substance reasonably satisfactory to, the Borrower, the Agent and one or more Incremental Lenders. “Incremental Commitment” means, with respect to any Lender, such Lender’s Incremental Revolving Credit Commitment and Incremental Term Commitment. “Incremental Facility Amount” means (i) the greater of (a) $359,000,000 (which amount shall be increased to $615,000,000 on the Engility Closing Date) or (b) 100% of EBITDA of the Borrower and its Consolidated Subsidiaries for the most recently completed four consecutive fiscal quarters ending on or prior to such date minus the aggregate amount of all Incremental Term Commitments and Incremental Revolving Credit Commitments established prior to such time pursuant to Section 2.23(b) plus (ii) such additional amounts, so long as, for the purposes of this clause (ii), either (x) after giving pro forma effect to the incurrence or issuance of any such Incremental Term Advances or Incremental Revolving Credit Commitments and the pro forma adjustments described in Section 1.07 or (y) solely in the case of the proceeds of any such Incremental Term Advances or Incremental Revolving Credit Commitments which are, concurrently with the receipt thereof, to be used by the Borrower to finance, in whole or in part, a Permitted Acquisition, after giving pro forma effect to the incurrence or issuance of any such Incremental Term Advances or Incremental Revolving Credit Commitments and the 31
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Incremental Advances. (the " Incremental Facility ") in a maximum aggregate amount of US$360 million minus the outstanding principal amount of the U.S. Term Advance and the Canadian Term Advance; (d) an "ABL Facility" in an amount of up to US$600 million less the outstanding principal amount of the BI DIP Facility; (e) borrowings by ABH and BI under the BI DIP Facility are guaranteed by ABH, BI and each direct and indirect wholly-owned subsidiary of BI and BNSLLC organized under the laws of a state of the United States of America and which is a U.S. Debtor (the "Guarantors") and secured by a) second priority security interests in all assets securing the U.S. Credit Agreement and b) first priority security interests in all assets including, without limitation, all assets consisting of and located on the BI Group's properties in Catawba, South Carolina and Xxxxxxx, Tennessee; and (f) borrowings by BCFPI are guaranteed by ABH, BI, BNSLLC and the Guarantors and are secured by the assets of the Bowater Petitioners and Partnerships. The security interest extends, as applicable, to the Bowater Petitioners' and Partnerships' inventory, accounts, equipment, intangibles, deposit accounts, investment property and real estate. The amount borrowed by BCFPI under the DIP Facility will be secured by inter alia, a court-ordered charge on the Bowater Petitioners' property ranking in priority to all other liens, charges and security interests, but subordinate to the Bowater Administration Charge, a portion of the BI D&O Charge and the security interests securing the Canadian Credit Agreement.
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Incremental Advances means Advances made by one or more Incremental Lenders to the Borrower pursuant to this Agreement. Incremental Advances shall be made in the form of additional Term Advances.
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Related to Incremental Advances

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Fixed Incremental Amount has the meaning specified in the definition of “Permitted Incremental Amount.”

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

  • Term Loan has the meaning specified in Section 2.01(b).

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

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Available Incremental Amount has the meaning set forth in Section 2.14(d)(v).

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

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

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

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

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Term Advance has the meaning specified in Section 2.01(a).

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

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • Second Incremental Auction means an Incremental Auction conducted ten months before the Delivery Year to which it relates.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Loan Advance The meaning specified in Section 2.2(a).

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

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).