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 effectiveness of any Incremental Facility Amendment shall, unless otherwise agreed to by the Administrative Agent and the Additional Lenders, be subject to the satisfaction on the effective date thereof of each of the conditions set forth in clauses (a) and (b) of Section 4.02 (it being understood and agreed that all references to a Borrowing in clauses (a) and (b) of Section 4.02 shall be deemed to refer to the applicable Incremental Facility Amendment).

• Commitments in respect of any Incremental Extension 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 Lender’s Revolving Commitment) under this Agreement upon the effectiveness of the applicable Incremental Facility Amendment.

• The Administrative Agent and the Borrower Representative shall determine the effective date for an Incremental Facility pursuant to this Section (an “Incremental Commitment Effective Date”) and, if applicable, the final allocation of such Incremental Commitments among the Persons providing such Incremental Facility; provided that such date shall be a Business Day at least five Business Days after delivery of the request for such Incremental Facility (unless otherwise approved by the Administrative Agent).

• In order to effect such Incremental Facility, the applicable Borrower(s), the applicable Incremental Lender(s) and the Administrative Agent (but no other Lenders or Persons) shall enter into one or more Joinder Agreements, substantially in the form of Exhibit H and otherwise in form and substance reasonably satisfactory to the Administrative Agent, pursuant to which the applicable Incremental Lender(s) will provide the applicable Incremental Commitment(s).

• An Incremental Facility Amendment may, without the consent of any other Lenders, effect such amendments to this Agreement or to any other Loan Document as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section (including to provide for voting provisions applicable to the Additional Lenders comparable to the provisions of clause (B) of the second proviso of Section 9.02(b)).

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).