Incremental Facility Increase definition

Incremental Facility Increase as defined in Subsection 2.6(a).
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Incremental Facility Increase has the meaning specified in Section 2.5(a).
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Incremental Facility Increase has the meaning specified in Section 2.5(a). “Incremental Indebtedness” means any Indebtedness incurred by any Borrower pursuant to and in accordance with Section 2.5. “Incremental Revolving Commitment Effective Date” has the meaning specified in Section 2.5(e)(i). “Incremental Revolving Commitments” has the meaning specified in Section 2.5(a). “Indebtedness” means, without duplication, (a) all indebtedness for borrowed money or the deferred purchase price of property, excluding trade payables and the endorsement of checks and other similar instruments in the ordinary course of business; i) all obligations and liabilities of any other Person secured by any Lien on an Obligor’s or any of its Subsidiaries’ property, even if such Obligor or Subsidiary shall not have assumed or become liable for the payment thereof (the amount of such obligation being deemed to be the lesser of the value of such property (as determined in good faith by the Company) or the amount of the obligation so secured); i) all obligations or liabilities created or arising under any Capital Lease; i) all indebtedness created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even if the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property), but excluding trade accounts payable arising in the ordinary course of business; i) all obligations of such Person for the reimbursement of any obligor on any letter of credit, banker’s acceptance or similar credit transaction; i) all net obligations of such Person in respect of Hedge Agreements; and i) all obligations and liabilities under Guarantees in respect of obligations of the type described in any of clauses (a) through (f) above. “Indemnified Liabilities” has the meaning specified in Section 14.10. “Indemnified Person” has the meaning specified in Section 14.10. “Indemnified Taxes” means (a) all Taxes other than Excluded Taxes and (a) to the extent not otherwise described in clause (a), Other Taxes. “Instruments” means all instruments as such term is defined in Article 9 of the UCC or as is defined in the PPSA, as applicable, now owned or hereafter acquired by any Borrower, any Guarantor or any of their Subsidiaries. “Intercreditor Agreement Supplement” has the meaning specified in Section 13.17(b). “Interest Payment Date” means, with respect to any Term SOFR Loan or EURIBOR Loan, the ...
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Examples of Incremental Facility Increase in a sentence

  • Each Incremental Facility Increase shall be in a minimum aggregate amount of at least $15,000,000 and in integral multiples of $5,000,000 in excess thereof.

  • Each Incremental Facility Increase shall be in a minimum aggregate amount of at least $15,000,000 and in integral multiples of $5,000,000 in excess thereof (or, in each case, in such lower minimum amounts or multiples as agreed to by the Administrative Agent in its reasonable discretion).

  • Upon execution and delivery hereof, the Administrative Agent will record the Incremental Facility Increase made by the Additional Lender in the Register.

  • Except as set forth in this Agreement and any related Incremental Commitment Amendment entered into in connection herewith, the Incremental Facility Increase effectuated hereunder shall otherwise be subject to the provisions of the Credit Agreement and the other Loan Documents.

  • Except as set forth in this Agreement, the Incremental Facility Increase effectuated hereunder shall otherwise be subject to the provisions of the Credit Agreement and the other Loan Documents.

  • Each Incremental Facility Increase shall be in a minimum aggregate amount of at least $5,000,000 and in integral multiples of $1,000,000 in excess thereof.

  • Subject to the terms and conditions set forth herein, the Borrower shall have the right, at any time and from time to time until the Maturity Date , to incur additional Indebtedness under this Agreement pursuant to one or more tranches of term loans (each an “Incremental Term Facility” and together with any Revolving Facility Increase, “Incremental Facilities”) in an aggregate amount not to exceed, when combined with the amount of any Revolving Facility Increases, the Incremental Facility Increase Amount.

  • Each Incremental Facility Increase shall be in a minimum aggregate amount of at least $10,000,000 and in integral multiples of $5,000,000 in excess thereof.

  • Upon execution, delivery and effectiveness hereof, the Administrative Agent will record the Incremental Facility Increase made by such Additional Commitment Lender in the Register.

  • Each of the conditions set forth in Section 3.3 of the Credit Agreement have been satisfied with respect to the Initial Incremental Facility Increase.

Related to Incremental Facility Increase

  • Facility Increase has the meaning provided in Section 2.15(a).

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

  • Incremental Facility Amendment has the meaning specified in Section 2.14(d).

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

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

  • Commitment Increase has the meaning specified in Section 2.18(a).

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

  • Facility Increase Request means the notice in the form of Exhibit H pursuant to which the Borrowers request an increase of the Maximum Commitment in accordance with Section 3.6.

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Loan Commitments of any Series or Incremental Revolving Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.20.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

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

  • Term Commitment Increase has the meaning specified in Section 2.14(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.

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

  • Incremental Loan Commitments has the meaning assigned thereto in Section 5.13(a)(ii).

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Incremental Commitment shall have the meaning set forth in Section 2.23.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

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

  • 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.

  • Commitment Increase Notice as defined in Section 2.1(b).

  • Commitment Increase Supplement as defined in subsection 2.20(c).

  • Commitment Increase Effective Date has the meaning set forth in Section 2.02(b).