Incremental Facilities Effective Date definition

Incremental Facilities Effective Date the date on which all of the conditions set forth in Section 5 of the Incremental Facilities Agreement are satisfied.
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Incremental Facilities Effective Date the date on which the conditions specified in Article Five are satisfied.
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Examples of Incremental Facilities Effective Date in a sentence

  • From and after the Incremental Facilities Effective Date, all references to the Credit Agreement in any Loan Document shall, unless expressly provided otherwise, refer to the Credit Agreement as supplemented by this Incremental Activation Notice.

  • The Administrative Agent shall have received an opinion addressed to the Administrative Agent and the Lenders party to the Credit Agreement, dated the Incremental Facilities Effective Date, of Xxxxxxxx & Xxxxx LLP, counsel to the Loan Parties, covering such matters as the Administrative Agent and the Incremental Term Lenders may reasonably request.

  • Subject to the terms and conditions hereof and in the Credit Agreement, each Term G Lender severally agrees to make a loan (the “Term G Loan”), in each case, on the Incremental Facilities Effective Date in an amount equal to its Term G Loan Commitment pursuant to a single borrowing.

  • On the Incremental Facilities Effective Date, the Borrower shall pay to the Term G Lenders an upfront fee equal to 0.50% of the principal amount of the Term G Loans funded to the Borrower by the Term G Lender on such date.

  • The Administrative Agent shall have received a duly completed Notice of Borrowing for the Term A Loans to be borrowed on the Incremental Facilities Effective Date.

  • The Administrative Agent shall have received a duly completed Notice of Borrowing for the Term G Loans to be borrowed on the Incremental Facilities Effective Date.

  • On the Incremental Facilities Effective Date, the Borrower shall pay to each Term H Lender and Term I Lender an upfront fee equal to 0.25% of the principal amount of the Term H Loans and Term I Loans, respectively, funded to the Borrower by such Term H Lender or Term I Lender, as the case may be, on such date.

  • Upon the effectiveness of the amendments set forth herein, on and after the Incremental Facilities Effective Date, each reference in the Credit Agreement to “this Agreement,” “the Agreement,” “hereunder,” “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “Credit Agreement,” “thereunder,” “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as amended hereby.

  • Administrative Agent shall have received from Borrower at least six Business Days prior to the Incremental Facilities Effective Date a DIP Budget in a form and substance acceptable to, and approved by, Administrative Agent and Lead Lenders in their sole and absolute discretion.

  • Subject to the terms and conditions hereof and in the Credit Agreement, (x) each Term H Lender severally agrees to make a loan (the “Term H Loan”), in each case, on the Incremental Facilities Effective Date in an amount equal to its Term H Loan Commitment pursuant to a single borrowing and (y) each Term I Lender severally agrees to make a loan (the “Term I Loan”), in each case, on the Incremental Facilities Effective Date in an amount equal to its Term I Loan Commitment pursuant to a single borrowing.

Related to Incremental Facilities Effective Date

  • Incremental Facility Amendment has the meaning assigned to such term in Section 2.20(f).

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

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

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

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • Incremental Effective Date has the meaning specified in Section 2.15(c).

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • 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 Commitment Agreement means each Incremental Commitment Agreement in substantially the form of Exhibit P (appropriately completed, and with such modifications as may be reasonably satisfactory to the Administrative Agent) executed and delivered in accordance with Section 2.15.

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

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

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

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Increase Effective Date has the meaning specified in Section 2.14(d).

  • Amendment No. 2 Effective Date has the meaning specified in Amendment No. 2.

  • Incremental Commitment means an Incremental Term Loan Commitment or an Incremental Revolving Facility Commitment.

  • Amendment No. 3 Effective Date has the meaning specified in Amendment No. 3.

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Refinancing Effective Date shall have the meaning assigned to such term in Section 2.21(j).

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

  • Permitted Amendment means, with respect to any Shared-Loss Loan Commitment or Shared-Loss Loan, any amendment, modification, renewal or extension thereof, or any waiver of any term, right, or remedy thereunder, made by the Assuming Bank in good faith and otherwise in accordance with the applicable requirements set forth in Article III of this Commercial Shared-Loss Agreement and the then effective written internal credit policy guidelines of the Assuming Bank; provided, that:

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

  • Amendment No. 1 Effective Date has the meaning specified in Amendment No. 1.

  • Amendment No. 8 Effective Date has the meaning assigned to such term in Amendment No. 8.

  • Amendment No. 5 Effective Date has the meaning set forth in Amendment No. 5.

  • Amendment No. 7 Effective Date has the meaning assigned to such term in Amendment No. 7.