Examples of Incremental Equivalent Indebtedness in a sentence
Each Incremental Term Loan Commitment, Incremental Revolving Loan Commitment and/or Incremental Equivalent Indebtedness shall be in a minimum principal amount of not less than $5,000,000 or any whole multiple of $500,000 in excess thereof (provided that such principal amount may be less than $5,000,000 if such amount represents all remaining availability under the aggregate limit in respect of the Incremental Facilities and/or Incremental Equivalent Indebtedness set forth above).
This method provides a 100% incremental fee for completion of the performance measure prior to the expiration of the Contract period.
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The provisions of this Section 10.24 are intended as an inducement to the secured parties under any Permitted Credit Agreement Refinancing Indebtedness or Permitted Incremental Equivalent Indebtedness to extend credit to the Borrower thereunder and such secured parties are intended third party beneficiaries of such provisions.
The final maturity date of any Incremental Term Loan or Incremental Equivalent Indebtedness that is a separate Class shall be no earlier (but may be later) than the maturity date of the Initial Term Loans and the Weighted Average Life to Maturity of any such Incremental Term Loan or Incremental Equivalent Indebtedness shall not be shorter (but may be longer) than the Weighted Average Life to Maturity of the Initial Term Loans (measured without giving effect to any prepayments of the Initial Term Loans).