Incremental Facility definition

Incremental Facility has the meaning specified in Section 2.16(a).
Incremental Facility has the meaning assigned to such term in Section 2.20(a).
Incremental Facility means the Incremental Commitments and the Incremental Loans made thereunder.

Examples of Incremental Facility in a sentence

  • The terms and conditions for any Incremental Facility will be subject to approval by the existing Lenders in their sole discretion and will be subject to, but not limited to, the ongoing compliance with the financial covenants set forth in Section 11.12.

  • Each Incremental Facility will be made available only upon receiving credit commitments from existing Lenders and/or any additional banks, financial institutions and other institutional lenders or investors that will become Lenders in connection therewith that are arranged by and acceptable to the Administrative Agent in its sole discretion.


More Definitions of Incremental Facility

Incremental Facility means an Incremental Revolving Facility or an Incremental Term Facility.
Incremental Facility shall have the meaning set forth in Section 2.5.
Incremental Facility as defined in Section 2.1(d).
Incremental Facility as defined in Section 2.23(a).
Incremental Facility means any series of Incremental Commitments (other than any Commitment Increase) and the extensions of credit thereunder as provided in any Incremental Loan Activation Notice.
Incremental Facility means any facility established by the Lenders pursuant to Section 2.20.
Incremental Facility and “Incremental Facilities”: as defined in Subsection 2.6(a).