Incremental Facility Increase definition

Incremental Facility Increase as defined in Subsection 2.6(a).

Incremental Facility Increase has the meaning specified in Section 2.5(a).

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 ...

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.

• 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.

• 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.

• 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 party hereto agrees that (i) this Amendment shall constitute a Lender Joinder Agreement under the Credit Agreement, (ii) this Amendment shall constitute an incremental amendment contemplated by Subsection 2.6(d)(ii) of the Credit Agreement and (iii) that each other condition required pursuant to Subsection 2.6 of the Credit Agreement with respect to the Incremental Facility Increase contemplated hereby shall be deemed satisfied on and as of the Amendment Effective Date.

• 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.