Incremental Increase Amount definition
Incremental Increase Amount shall have the meaning set forth in Section 2.22.
Incremental Increase Amount has the meaning assigned to such term in Section 2.24(a).
Incremental Increase Amount the difference between the total Aggregate Exposure of all Lenders after giving effect to all Loans and Commitments provided pursuant to the Seventh Amendment and the total Aggregate Exposure of all Lenders immediately prior to the Seventh Amendment Effective Date; provided that the Incremental Increase Amount shall not exceed $250,000,000.
Examples of Incremental Increase Amount in a sentence
As of the First Amendment Effective Date, the available Incremental Increase Amount is $0.
More Definitions of Incremental Increase Amount
Incremental Increase Amount means, as of any date of determination, the greater of (a) the total of (i) $250,000,000 minus (ii) the aggregate amount of any Incremental Facilities incurred in reliance on clause (a)(i) prior to such date pursuant to Section 2.02(g) and (b) any amount, such that after giving effect to such Incremental Facility (assuming for such purposes that such Incremental Facility is fully drawn) on a Pro Forma Basis, the Consolidated First Lien Net Leverage Ratio as of such date does not exceed 3.25 to 1.0.
Incremental Increase Amount means (a) $300,000,000 (excluding all incremental increases prior to the Restatement Effective Date under the Existing Credit Agreement) plus (b) any additional amount, so long as, in the case of this clause (b), after giving effect to such proposed Incremental Term Loan, Revolving Facility Increase and/or Additional Revolving Facility on a Pro Forma Basis, the Secured Net Leverage Ratio does not exceed 2.75 to 1.00; provided that (x) no cash or Cash Equivalents constituting proceeds of any proposed Incremental Term Loans or Loans made under any Revolving Facility Increase or Additional Revolving Facility may be applied to reduce Consolidated Funded Debt for purposes of calculating such Secured Net Leverage Ratio, and (y) such Secured Net Leverage Ratio shall be calculated as if any proposed Incremental Term Loans and the Revolving Facility (including any proposed Revolving Facility Increase and/or Additional Revolving Facility) had been outstanding and fully borrowed.
Incremental Increase Amount means (a) $300,000,000 (excluding all incremental increases prior to the Closing Date under the Existing Credit Agreement) plus (b) any additional amount, so long as, in the case of this clause (b), after giving effect to such proposed Incremental Term Loan, Revolving Facility Increase and/or Additional Revolving Facility on a Pro Forma Basis, the Secured Net Leverage Ratio does not exceed 3.25 : 1.00; provided that (x) no cash or Cash Equivalents constituting proceeds of any proposed Incremental Term Loans or Loans made under any Revolving Facility Increase or Additional Revolving Facility may be applied to reduce Consolidated Funded Debt for purposes of calculating such Secured Net Leverage Ratio, and (y) such Secured Net Leverage Ratio shall be calculated as if any proposed Incremental Term Loans and the Revolving Facility (including any proposed Revolving Facility Increase and/or Additional Revolving Facility) had been outstanding and fully borrowed.
Incremental Increase Amount shall have the meaning set forth in Section 2.22(a). “Incremental Term B-1 Commitment” shall have the meaning assigned thereto in the Fifth Amendment. The aggregate amount of the Incremental Term B-1 Commitments as of the Fifth Amendment Effective Date is $75,000,000. “Incremental Term B-1 Facility” shall mean the Incremental Term B-1 Commitments and the Incremental Term B-1 Loans. “Incremental Term B-1 Lender” shall mean each Incremental Term Loan Lender with an Incremental Term B-1
Incremental Increase Amount shall have the meaning set forth in Section 2.2(a). 1551155352.2 DMSLIBRARY01\31771180.v14
Incremental Increase Amount is defined in Section 2.2(e)(i)