Incremental First Lien Commitments definition

Incremental First Lien Commitments has the meaning specified in Section 2.14(a).
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Incremental First Lien Commitments provided that no Lender or L/C Issuer shall be required to participate in any Incremental First Lien Facility or increase in the Letter of Credit Sublimit; and provided, further that (x) after giving effect to any such addition, the aggregate amount of Incremental First Lien Commitments that have been added pursuant to this Section 2.14 (together with the aggregate amount of (i) Permitted Other First Lien Indebtedness incurred in lieu of the Incremental First Lien Facilities, (ii) Incremental Second Lien Term Loans incurred under the Second Lien Credit Agreement, (iii) Permitted Other Second Lien Indebtedness and (iv) Incremental Cash Management LC Obligations) shall not exceed (A) $100,000,000, plus (B) such additional amount that would not, after giving effect on a Pro Forma Basis to the incurrence thereof (assuming for such purposes that the entire amount of any such Revolving Credit Commitment Increase and all previous Revolving Credit Commitment Increases were fully funded) cause the First Lien Leverage Ratio (without netting the cash and Cash Equivalents constituting proceeds of the applicable Incremental First Lien Facilities) as at the end of the most recently ended fiscal quarter of the Borrower for which financial statements are available to exceed 3.80:1.00 and (y) any such addition shall be in an aggregate amount of not less than $20,000,000 or any whole multiple of $1,000,000 in excess thereof. The Borrower may incur Incremental First Lien Commitments pursuant to either clause (A) or clause (B) of the second proviso of the immediately preceding sentence and shall not be obligated to initially incur Incremental First Lien Commitments pursuant to clause (A) prior to incurring any Incremental First Lien Commitments pursuant to clause (B); provided, however, that (x) to the extent the Borrower incurs Incremental First Lien Commitments on any Incremental First Lien Commitments Effective Date pursuant to clause (B), the Borrower may not in addition rely on clause (A) for the incurrence of such Incremental First Lien Commitments on such Incremental First Lien Commitments Effective Date and (y) any Incremental Cash Management LC
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Incremental First Lien Commitments means the “Incremental Commitments” as defined in the First Lien Credit Agreement as in effect on the date hereof.
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Examples of Incremental First Lien Commitments in a sentence

  • On the Incremental First Lien Commitments Effective Date (as defined in Amendment No. 1), the Borrower obtained Incremental 2016 First Lien Term Loans (as defined in Amendment No. 1) pursuant to Amendment No. 1 on the terms and conditions set forth in Amendment No.

  • For the avoidance of doubt, the provisions of this Section shall not be construed to apply to the prepayments pursuant to Section 2.05(a)(iii), or Section 2.05(b)(iii) (out of proceeds of the Specified Refinancing Debt), the implementation of the Incremental First Lien Commitments Amendment, the application of Cash Collateral provided for in Section 2.15 or to the assignments and participations described in Section 10.07.

  • For the avoidance of doubt, the provisions of this Section shall not be construed to apply to the prepayments pursuant to Section ‎2.05(a)(iii), or Section ‎2.05(b)(iii) (out of proceeds of the Specified Refinancing Debt), the implementation of the Incremental First Lien Commitments Amendment, the application of Cash Collateral provided for in Section ‎2.15 or to the assignments and participations described in Section ‎10.07.

  • On the Incremental First Lien Commitments Effective Date (as defined in Amendment No. 1), the Borrower obtained Incremental 2016 First Lien Term Loans (as defined in Amendment No. 1) pursuant to Amendment No. 1 on the terms and conditions set forth in Amendment No. 1.

  • In addition, the Borrower hereby consents to the assignment by any Incremental First Lien Lender of all or a portion of its Incremental 2016 First Lien Term Loans to any bank, financial institution or other investor identified by any Lead Arranger in writing to the Borrower on or prior to the Incremental First Lien Commitments Effective Date in connection with the primary syndication of the Incremental 2016 First Lien Term Loans.

  • On the Incremental First Lien Commitments Effective Date (as defined in Amendment No. 1), the Borrower obtained Incremental 2016 First Lien Term Loans (as defined in Amendment No. 1) pursuant to that certain Incremental Term Facility Amendment No. 1 dated as of April 15, 2016 among the Borrower, Holdings, the Incremental First Lien Lenders party thereto and the First Lien Administrative Agent (“Amendment No. 1”) on the terms and conditions set forth in Amendment No. 1.

  • Any prepayment of all or any portion of the outstanding Incremental 2016 First Lien Term Loans on or after the date that is 12 months following the Incremental First Lien Commitments Effective Date shall not be subject to a premium.

  • The Incremental 2016 First Lien Term Loans shall be funded on the Incremental First Lien Commitments Effective Date as Base Rate Loans or Eurocurrency Rate Loans, as provided for in Section 2.02(a)(i) of the Credit Agreement.

  • To the extent required by the Credit Agreement, each of the Borrower and the Administrative Agent hereby consent to each Incremental First Lien Lender that is not a Lender as of the date hereof becoming a Lender under the Credit Agreement on the Incremental First Lien Commitments Effective Date.


More Definitions of Incremental First Lien Commitments

Incremental First Lien Commitments provided that no Lender or L/C Issuer shall be required to participate in any Incremental First Lien Facility or increase in the Letter of Credit Sublimit; and provided, further that (x) after giving effect to any such addition, the aggregate amount of Incremental First Lien Commitments that have been added pursuant to this Section 2.14 (together with the aggregate amount of (i) Permitted Other First Lien Indebtedness incurred in lieu of the Incremental First Lien Facilities, (ii) Incremental Second Lien Term Loans incurred under the Second Lien Credit Agreement, (iii) Permitted Other Second Lien Indebtedness and (iv) Incremental Cash Management LC Obligations), in each case, on or after the Amendment No. 5 Effective Date, shall not exceed (A)
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Related to Incremental First Lien Commitments

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

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.

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

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Refinancing Term Loan Commitments has the meaning assigned to such term in Section 2.26(a).

  • Refinancing Revolving Credit Commitments means one or more Classes of Revolving Credit Commitments hereunder that result from a Refinancing Amendment.

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

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

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Revolving Credit Commitment Increase has the meaning specified in Section 2.14(a).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

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

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

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

  • New Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Term Commitments means a Term B Commitment or a commitment in respect of any Incremental Term Loans or any combination thereof, as the context may require.

  • New Revolving Credit Commitments shall have the meaning provided in Section 2.14(a).

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • Aggregate Revolving Credit Commitments means, at any time, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at such time.