Incremental Loan Amount definition

Incremental Loan Amount means, at any time, the excess, if any, of (a) $500,000,000 over (b) the aggregate amount of all Incremental Loan Commitments established prior to such time pursuant to Section 2.22.

Incremental Loan Amount means, at any time, an amount not to exceed the amount of Indebtedness permitted to be incurred by the Borrower at such time pursuant to Section 4.04(a), 4.04(b)(1) and 4.04(b)(16) of Annex I to this Agreement.

Incremental Loan Amount has the meaning given in Section 2.9(a).

Examples of Incremental Loan Amount in a sentence

• Thereafter, the portion of the Unfunded Incremental Loan Amount funded by the Administrative Agent or any other Lender shall constitute a Loan owing to the Administrative Agent or such other Lender.

• Such notice shall set forth (i) the amount of the Incremental Commitments being obtained (the aggregate amount of which shall be equal to the Incremental Loan Amount) and (ii) the date on which such Incremental Commitments are requested to become effective (which shall not be later than 45 days after the date of this Agreement) (the “Incremental Effective Date”).

• Incremental Loan Amortization Amount: An amount equal to [  ]2% of the Incremental Loan Amount (the “Incremental Loan Amortization Amount”).

• On the basis of the covenants, agreements and representations of the Borrowers contained herein and in the Loan Agreement, and subject to the terms and conditions set forth herein, the Incremental Lenders party hereto agree to lend to the Borrowers in accordance with their pro rata share of the Incremental Commitment (and on a several and not joint basis), an amount hereunder equal to the Incremental Loan Amount on the Incremental Amendment Date.

More Definitions of Incremental Loan Amount

Incremental Loan Amount shall have the meaning assigned to such term in Section 2.24(a).

Incremental Loan Amount means $50,000,000.

Incremental Loan Amount means (a) the Shared Fixed Incremental Amount plus (b) the aggregate of: (i) the principal amount of any optional prepayment of any Term Loans pursuant to Section 2.09(a) and (ii) the cash amount paid in respect of any Term Loans in connection with assignments to Borrower or any of its Subsidiaries pursuant to Section 13.05(d) (in each case for this clause (b), excluding any prepayments funded with the proceeds of long-term Indebtedness) (the “Incremental Prepayment Amount”) minus the aggregate principal amount of all Incremental Equivalent Debt incurred or issued in reliance on the Incremental Equivalent Prepayment Amount plus, (c) any additional or other amount, so long as, solely in this case of this clause (c), the Consolidated First Lien Secured Leverage Ratio does not exceed 4.00 to 1.00, determined on a Pro Forma Basis as of the most recent Calculation Date (it being understood that Borrower may elect whether any Incremental Loan Amount is made in reliance on clause (a), (b) or (c)); provided that, for such purpose, if clauses (a) and/or (b), on the one hand, and clause (c), on the other hand, are utilized on the same date, Consolidated Indebtedness will not include any Indebtedness incurred under clauses (a) and/or (b) on such date; provided, further, that if the proceeds of the Term Loans made under the Incremental Term Loan Commitments then being incurred are to be used primarily to fund a Limited Condition Transaction substantially concurrently upon the receipt thereof (including repayment of Indebtedness of a Person acquired, or that is secured by the assets acquired, in a Permitted Acquisition or other Acquisition), at the election of Borrower, the Consolidated First Lien Secured Leverage Ratio may be tested for purposes of determining the Incremental Loan Amount as of the time the acquisition agreement with respect to such Permitted Acquisition or other Acquisition is entered into, and not at the time such Incremental Term Loan Commitments are obtained (and, in any such case, at the election of Borrower may also be tested at the time such Incremental Term Loan Commitments are obtained). It is understood and agreed that (I) Borrower may elect to use either amounts under clause (a), (b) or (c) above and if each are available and Borrower does not make an election, Borrower will be deemed to have elected to use amounts under clause (c), (b) and (a) (in such order) above and (II) Indebtedness incurred in reliance on amounts under clauses (a) and ...

Incremental Loan Amount means $100,000,000.

Incremental Loan Amount means, as of any date of determination:

Incremental Loan Amount means, at any time, without duplication, an amount not to exceed the amount of Indebtedness permitted to be incurred by the Borrower as Pari Passu Indebtedness at such time pursuant to Section 4.04(a), 4.04(b)(1) and 4.04(b)(16) of Annex I to this Agreement (together with any Refinancing Indebtedness of the foregoing that is permitted to be incurred by the Borrower as Pari Passu Indebtedness at such time pursuant to Section 4.04(b)(4)(c)) of Xxxxx X).

Incremental Loan Amount means $200,000,000.