Incremental Extensions of Credit definition

Incremental Extensions of Credit has the meaning assigned to such term in Section 2.21(a).

Incremental Extensions of Credit as defined in Section 2.1(b).

Incremental Extensions of Credit means any extension of Incremental Term Loan Commitments or Incremental Term Loans pursuant thereto, as contemplated by Sections 2.01(d) and 2.15.

Examples of Incremental Extensions of Credit in a sentence

• Commitments in respect of Incremental Extensions of Credit shall be Commitments under this Agreement.

• The proceeds of the Incremental Extensions of Credit shall be used for working capital and general corporate purposes (including Permitted Acquisitions).

• Commitments in respect of Incremental Extensions of Credit shall become Commitments under this Agreement.

• Commitments in respect of any Incremental Extensions of Credit shall become Commitments (or in the case of any Revolving Commitment Increase to be provided by an existing Revolving Lender, an increase in such Revolving Lender’s Revolving Commitment) under this Agreement upon the effectiveness of the applicable Incremental Facility Amendment.

• Commitments in respect of Incremental Extensions of Credit shall become Commitments under this Agreement after giving effect to such Incremental Facility Amendment.

• Each tranche of Incremental Term Loans and each Revolving Commitment Increase shall be in an integral multiple of $10,000,000 and be in an aggregate principal amount that is not less than $50,000,000; provided that such amount may be less than $50,000,000 if such amount represents all the remaining availability under the aggregate principal amount of Incremental Extensions of Credit set forth above.

• Notwithstanding anything to the contrary in this Section 2.21, no existing Lender shall be obligated to provide Incremental Extensions of Credit.

• Except as set forth above, the proceeds of the Incremental Extensions of Credit shall be used for general corporate purposes including Permitted Business Acquisitions.

• The proceeds of the Incremental Extensions of Credit may be used for any purpose not otherwise prohibited hereunder.

• Each Class of Incremental Term Loans and Incremental Revolving Commitments, and each Revolving Commitment Increase, shall be in an integral multiple of the $5,000,000 and be in an aggregate principal amount that is not less than $25,000,000; provided that such amount may be less than $25,000,000 if such amount represents all the remaining availability under the aggregate principal amount of Incremental Extensions of Credit set forth above.

More Definitions of Incremental Extensions of Credit

Incremental Extensions of Credit has the meaning assigned to such term in Section 2.21(a). “Incremental Facility Amendment” has the meaning assigned to such term in Section 2.21(c). “Incremental Term Loans” has the meaning assigned to such term in Section 2.21(a). “Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person, (d) all obligations of such Person in respect of the deferred purchase price of property or services (excluding (i) trade accounts payable and other accrued or cash management obligations, in each case incurred in the ordinary course of business and (ii) any earnout obligation until such obligation ceases to

Incremental Extensions of Credit as defined in Section 2.1(b). “Incremental Facility Closing Date”: as defined in Section 2.1(b). “Incremental Term Loans”: as defined in Section 2.1(b).

Incremental Extensions of Credit the meaning specified in clause (a) of Subsection 2.1.11 (Increases in Facility).