Incremental Increase has the meaning specified in Section 2.16(a).
Incremental Increase has the meaning assigned to such term in Section 2.20.
Incremental Increase means that term as defined in Section 2.9(b) hereof.
Examples of Incremental Increase in a sentence
Any Person not responding within such time period shall be deemed to have declined to provide an Incremental Increase.
Each proposed Incremental Lender may elect or decline, in its sole discretion, and shall notify the Administrative Agent within such time period whether it agrees, to provide an Incremental Increase and, if so, whether by an amount equal to, greater than or less than requested.
The Administrative Agent shall promptly notify the Company and the Lenders of the final allocation of such Incremental Increase and the Increase Effective Date.
The Administrative Agent shall promptly notify the Borrower and the Lenders of the final allocation of such Incremental Increase and the Increase Effective Date.
The Administrative Agent and the Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of such Incremental Increase (limited in the case of the Incremental Lenders to their own respective allocations thereof).
More Definitions of Incremental Increase
Incremental Increase has the meaning assigned thereto in Section 2.04(a).
Incremental Increase shall have the meaning ascribed thereto in Section 2.14(a).
Incremental Increase means a Revolving Incremental Increase or a Term Loan Incremental Increase.
Incremental Increase means an increase in appropriation or expenditure of tax funds designated by the Legislature of at least the minimum capital expenditure for a facility's operations and maintenance costs, beyond any increase due to inflation, to pay for a capital structure's operations and maintenance costs that are a direct result of a capital construction project.
Incremental Increase as defined in Section 2.19(a).
Incremental Increase. Incremental Increase" shall mean, with respect to Operating Cash Flow for any fiscal year, an amount (expressed as a percentage) equal to (a) a fraction, the numerator of which is Operating Cash Flow for such fiscal year (the "Measuring Year") and the denominator of which is the average annual Operating Cash Flow for the fiscal years from the Base Year to the fiscal year immediately preceding the Measuring Year minus (b) 100%. Notwithstanding the foregoing, the Restricted Payments Basket shall not exceed $15,000,000 in the aggregate at any time. Nothing herein shall be deemed to restrict the payment of dividends by any Subsidiary to the Borrower.
Incremental Increase means a Revolving Incremental Increase or a Term Loan Incremental Increase. “Indebtedness” of any Person shall mean (a) all indebtedness of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments, (c) the deferred purchase price of assets or services that in accordance with GAAP would be included as a liability on the balance sheet of such Person (other than (i) any earn-out obligation until such obligation becomes a liability on the balance sheet of such Person in accordance with GAAP and (ii) obligations resulting under firm transportation contracts or take or pay contracts entered into in the ordinary course of business), (d) the face amount of all letters of credit issued for the account of such Person and, without duplication, all drafts drawn thereunder, (e) all Indebtedness (excluding prepaid interest thereon) of any other Person secured by any Lien on any property owned by such Person, whether or not such Indebtedness has been assumed by such Person, (f) the principal component of all Capitalized Lease Obligations of such Person, (g) obligations to deliver commodities, goods or services, including Hydrocarbons, in consideration of one or more advance payments, other than obligations relating to net oil, natural gas liquids or natural gas balancing arrangements arising in the ordinary course of business, (h) the undischarged balance of any Production Payment created by such Person or for the creation of which such Person directly or indirectly received payment, and (i) without duplication, all Guarantee Obligations of such Person; provided that Indebtedness shall not include (i) trade and other ordinary course payables and accrued expenses arising in the ordinary course of business, (ii) deferred or prepaid revenue, (iii) purchase price holdbacks in respect of a portion of the purchase price of an asset to satisfy warranty or other unperformed obligations of the respective seller, (iv) in the case of the Borrower and its Restricted Subsidiaries, all intercompany Indebtedness having a term not exceeding 364 days (inclusive of any roll-over or extensions of terms) and made in the ordinary course of business, (v) any obligation in respect of a farm-in agreement, joint development agreement, joint operating agreement or similar arrangement whereby such Person agrees to pay all or a share of the drilling, completion or other expenses of an exploratory or develo...