Incremental Debt definition

Incremental Debt has the meaning specified in Section 1.03(d).
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Incremental Debt means, at any time, all Incremental Notes and Incremental Facilities outstanding.
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Incremental Debt at any time, all Incremental Notes and Incremental Term Loans.
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Examples of Incremental Debt in a sentence

  • VSB) (76.3) (33.6) (2.0) 10.4 15.1 5.5 ------- ------ ------ ------ ------ ------ EBIT Differential 0.0 (2.6) (13.8) (22.9) (31.4) (39.0) Incremental Debt 0.0 2.6 16.4 39.3 70.7 109.7 ------- ------ ------ ------ ------ ------ Incremental Interest Expense @ 9.3% 0.0 0.1 0.9 2.6 5.1 8.3 Old Net Income $(300.0) $(20.3) $(13.6) $ 7.7 $ 20.7 $ 20.5 New Net Income (Excl.

  • For the avoidance of doubt, any Refinancing Facility incurred pursuant to this Section 2.16 shall not count against the Incremental Debt Cap.

  • However, under both frameworks, once the financial ratios needed to achieve the target rating are identified, the Maximum Incremental Debt Capacity value can be calculated.

  • Subject to Section 12.5, Each Purchaser further agrees to be bound by the terms and conditions of any Additional Incremental Debt Intercreditor Agreement, any Junior Lien Intercreditor Agreement or any other subordination or intercreditor agreement pertaining to any Subordinated Debt or Junior Debt or other Debt permitted hereunder.

  • The Lender Secured Obligations rank at least pari passu in right of payment with all of their other senior secured Funded Debt of the Obligors, including all Permitted Refinancing Debt and Permitted Incremental Debt.

  • Coast guard personnel participating in the chase reported seeing North Korean agents throwing large bags overboard, raising suspicions that the ships were engaged in drug-smuggling activities.29 Until Koizumi’s trip to Pyongyang, North Korea had denied any connection to the suspicious ships.

  • Unless elected otherwise by the Borrower, any Incremental Debt shall be deemed to have been incurred first, in reliance on clause (ii) above to the extent thereof, and second, in reliance on clause (i) above to the extent thereof.

  • The Maximum Incremental Debt Capacity value uses the utility’s 3-year financial forecast including the current fiscal year (with the standard Moody’s and S&P adjustments to financials) to see how much additional debt the company can add while maintaining the identified minimum financial strength ratios.

  • The Collateral (as defined below) will be created under, and governed by, the same collateral documents as the Last Out Term Loan, the Last Out Notes, and (if any) the Last Out Incremental Debt, subject to any local law requirements.

  • The Principal Borrower will ensure that the Lender Secured Obligations rank at least pari passu in right of payment with all of their other senior secured Funded Debt of the Obligors, including all Permitted Refinancing Debt and Permitted Incremental Debt.


More Definitions of Incremental Debt

Incremental Debt means any Additional Term Loans or Incremental Equivalent Debt.
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Incremental Debt means any Financial Indebtedness incurred in respect of which all or any part of the proceeds of such Financial Indebtedness is not applied to refinance or repay existing Financial Indebtedness of the Group (or, if part of such proceeds is so applied, the portion of such Financial Indebtedness which is A42912533/2.28/22 Nov 2020 not so applied), and shall not include any drawing of amounts which are committed, but currently undrawn, under the Group’s liquidity facility and working capital facility or any future replacement or extension of all or part of those facilities. TopCo shall supply to the Trustee at reasonable intervals and following a request from the Trustee confirmation that the terms of this paragraph H have been complied with.
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Incremental Debt means Indebtedness of the Issuer other than (a) Indebtedness under the Indentures (excluding any Additional Notes), (b) Required Swap Debt and (c) Refinancing Debt.
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Incremental Debt at any time, all Incremental Notes and Incremental Term Loans. US-DOCS\144726423.10
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Incremental Debt means, at any time, all Incremental Facilities outstanding. “Incremental Debt Cap” means, as determined with respect to any Incremental Debt to be incurred, an amount equal to the sum of (a) the excess (if any) of (i) $75,000,000 (the “Fixed Incremental Amount”) over (ii) the sum of (x) the aggregate outstanding principal amount of all Incremental Term Loans and the Incremental Revolving Facility Commitments, in each case, incurred or established after the Closing Date and outstanding at such time pursuant to Section
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Related to Incremental Debt

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

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

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Incremental Cap has the meaning assigned to such term in Section 2.21(a).

  • Incremental Equivalent Debt has the meaning assigned to such term in Section 6.01(a)(xxiii).

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

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

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

  • 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.

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

  • Incremental Lenders has the meaning set forth in Section 2.14(c).

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

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

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

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

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

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

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

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

  • Incremental Costs means all reasonable additional costs properly and reasonably incurred by Network Rail in respect of any modification referred to in paragraph 2.8, being the additional reasonable costs (if any) to Network Rail in respect of its obligation to maintain and operate the Network, but excluding:

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

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

  • Incremental Facility Amendment has the meaning specified in Section 2.14(d).

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