Incremental Facilities Amount definition

Incremental Facilities Amount means $500.0 million.

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Incremental Facilities Amount. $50,000,000.

Incremental Facilities Amount set forth in Section 1.1 of the Credit Agreement is hereby amended by amending and restating such definition in its entirety as follows:

Examples of Incremental Facilities Amount in a sentence

In connection with the incurrence of any Indebtedness under this Section 2.14, at the request of the Administrative Agent, the Borrower shall provide to the Administrative Agent a certificate certifying that the New Loan Commitments do not exceed the Maximum Incremental Facilities Amount, which certificate shall be in reasonable detail and shall provide the calculations and basis therefor.
Notwithstanding anything to the contrary herein, the aggregate amount of the Incremental Term Loans and the Revolving Commitment Increases (other than, for the avoidance of doubt, those established in respect of Extended Term Loans or Extended Revolving Credit Commitments pursuant to Section 2.16) shall not exceed the Maximum Incremental Facilities Amount.
For the avoidance of doubt, in connection with the incurrence of any Indebtedness under Section 2.14, the definitions of Required Lenders, Required Revolving Credit Lenders and Required Term Loan Lenders shall be calculated on a Pro Forma Basis in accordance with this Section 1.12, Section 2.14 and the definition of Maximum Incremental Facilities Amount.
In connection with the incurrence of any Indebtedness under this Section 2.14, at the request of the Administrative Agent, the Borrower shall provide to the Administrative Agent a certificate certifying that the New Term Loan Commitments do not exceed the Maximum Incremental Facilities Amount, which certificate shall be in reasonable detail and shall provide the calculations and basis therefor.
Notwithstanding anything to the contrary herein, in no event shall the aggregate amount of the Incremental Term Loans incurred at any time exceed the Maximum Incremental Facilities Amount as of such time.
Subject to Section 1.11(c), in connection with the incurrence of any Indebtedness under this Section 2.14, at the request of the Administrative Agent, the Parent Borrower shall provide to the Administrative Agent a certificate certifying that the New Loan Commitments do not exceed the Maximum Incremental Facilities Amount, which certificate shall be in reasonable detail and shall provide the calculations and basis therefor.
For the avoidance of doubt, in connection with the incurrence of any Indebtedness under Section 2.14, the definitions of Required Lenders shall be calculated on a Pro Forma Basis in accordance with this Section 1.12, Section 2.14 and the definition of Maximum Incremental Facilities Amount.
Notwithstanding anything to the contrary herein, the aggregate amount of the Incremental Term Loans and the Revolving Commitment Increases (other than, for the avoidance of doubt, those established in respect of Extended Term Loans or Extended Revolving Credit Commitments pursuant to Section 2.16) shall not exceed at the time of issuance or incurrence, the Maximum Incremental Facilities Amount on a Pro Forma Basis.
Notwithstanding anything to the contrary set forth in Sections 2.25(a)(ii), the definition of Maximum Incremental Facilities Amount or Section 6.4 of the Credit Agreement, the Administrative Agent and the Required Lenders hereby consent to the incurrence of the 2018 Incremental Term Loans and the Dividend Payment on the Second Amendment Effective Date.
Notwithstanding anything to the contrary herein, the aggregate amount of the Incremental Term Loans, the Revolving Commitment Increases and each Incremental Revolving Credit Facility (other than, for the avoidance of doubt, those established in respect of Extended Term Loans or Extended Revolving Credit Commitments pursuant to Section 2.16) shall not exceed the Maximum Incremental Facilities Amount.

More Definitions of Incremental Facilities Amount

Incremental Facilities Amount means, at any time, (a) $250.0 million plus (b) so long as the Secured Indebtedness Leverage Ratio shall not exceed 2.75:1.00 on the date of incurrence of the applicable Incremental Facility and for the most recent determination period, after giving effect to any such Incremental Facilities (assuming the full amount thereof is drawn) and pro forma for any acquisitions, dispositions and other customary transactions during such determination period, an additional amount of up to $500.0 million, minus (c) the aggregate amount of all Incremental Facilities established prior to such time pursuant to Section 2.22 minus (d) the aggregate amount of Indebtedness incurred by the Borrower, Parent or any of its Restricted Subsidiaries pursuant to Section 6.03(b)(xvii).

Incremental Facilities Amount means, with respect to any proposed incurrence of additional Indebtedness under Section 2.7, an amount equal to the sum of:

Incremental Facilities Amount means the “Incremental Facilities Amount” as defined in the Initial First Lien Term Loan Agreement as in effect on the date hereof.