Examples of Incremental Loan Commitment Requirements in a sentence

So long as the Incremental Loan Commitment Requirements are satisfied, the Borrower shall have the right at any time, and from time to time, to request an increase of the Total Commitments to an amount not to exceed $275,000,000.
The Agent, the Lenders and the Loan Parties acknowledge that: After giving effect to the provisions of Paragraph 8 of this First Amendment, the Incremental Loan Commitment Requirements and all other requirements of Section 2.02 have been satisfied.

More Definitions of Incremental Loan Commitment Requirements

Incremental Loan Commitment Requirements means, the satisfaction of each of the following conditions: (i) the delivery by the Borrower to the Administrative Agent on or prior to such date of an acknowledgement in form and substance reasonably satisfactory to the Administrative Agent and executed by each Guarantor, acknowledging that such Incremental Facility and all Loans to be incurred pursuant thereto shall constitute (and be included in the definition of) “Obligations” under any Guaranty and Collateral Agreement; (ii) the delivery by the Borrower to the Administrative Agent of an opinion or opinions, in form and substance reasonably satisfactory to the Administrative Agent, from counsel to the Loan Parties, dated such date, covering such of the matters consistent with those set forth in the opinions of counsel delivered to the Administrative Agent on the Effective Date pursuant to Section 4.01 as may be reasonably requested by the Administrative Agent (other than changes to such legal opinions resulting from a change in law, change in fact or change to counsel’s form of opinion reasonably satisfactory to the Administrative Agent); and (iv) the delivery by the Borrower and the other Loan Parties to the Administrative Agent on or prior to such date of such other officers’ certificates, board of director resolutions and evidence of good standing consistent with those required to be delivered to the Administrative Agent on the Effective Date pursuant to Section 4.01 as the Administrative Agent shall reasonably request.

Incremental Loan Commitment Requirements with respect to any provision of an Incremental Loan Commitment on a given Incremental Loan Commitment Date, the satisfaction of each of the following conditions on or prior to the closing date of the respective Incremental Loan Commitment Agreement:

Incremental Loan Commitment Requirements means, the satisfaction of each of the following conditions: (i) the delivery by the Borrower to the Administrative Agent on or prior to such date of an acknowledgement in form and substance reasonably satisfactory to the Administrative Agent and executed by each Loan Guarantor, acknowledging that such Incremental Facility and all Loans to be incurred pursuant thereto shall constitute (and be included in the definition of) “Guaranteed Obligations” or “Secured Obligations”, as applicable, under this Agreement or any Collateral Document; (ii) the delivery by the Borrower to the Administrative Agent of an opinion or opinions, in form and substance reasonably satisfactory to the Administrative Agent, from counsel to the Loan Parties, dated such date, covering such of the matters consistent with those set forth in the opinions of counsel delivered to the Administrative Agent on the Effective Date pursuant to Section 4.01 as may be reasonably requested by the Administrative Agent (other than changes to such legal opinions resulting from a change in law, change in fact or change to counsel’s form of opinion reasonably satisfactory to the Administrative Agent); and (iv) the delivery by the Borrower and the other Loan Parties to the Administrative Agent on or prior to such date of such other officers’ certificates, board of director resolutions and evidence of good standing consistent with those required to be delivered to the Administrative Agent on the Effective Date pursuant to Section 4.01 as the Administrative Agent shall reasonably request.

Incremental Loan Commitment Requirements means, with respect to any request for a Commitment Increase made pursuant to Section 3.3, or any provision of a Commitment Increase on a given Commitment Increase Date, the satisfaction of each of the following conditions: (i) no Default or Event of Default then exists or would result therefrom (including on a pro forma basis relative to financial covenant compliance), (ii) the Borrower shall have certified to the Agent that the incurrence of Indebtedness in an aggregate principal amount equal to the full amount of the Commitment Increase then requested or provided would not cause a breach of, or a default under, any agreement to which the Borrower is a party, (iii) all representations and warranties and covenants of the Borrower contained in this Loan Agreement or the other Loan Documents shall be true as of the date as of which it was made and shall also be true at and as of the such date of request or Commitment Increase Date, as the case may be (after giving effect to the incurrence of any Advances at such time), except to the extent of changes resulting from transactions contemplated and permitted by this Loan Agreement and the other Loan Documents and changes occurring in the ordinary course of business that singly or in the aggregate are not materially adverse, or except to the extent that such representations and warranties relate expressly to an earlier date, and (iv) the delivery by the Borrower of an officer's certificate to the Agent certifying as to compliance with the preceding clauses (i), (ii), and (iii).

Incremental Loan Commitment Requirements appearing in Section 11 of the Credit Agreement is hereby amended by inserting the text "(in the case of an Incremental Loan Commitment requested by the Bermuda Borrower) or each U.S. Subsidiary Guarantor (in the case of an Incremental Loan Commitment requested by the U.S. Borrower), as the case may be," immediately following the text "each Guarantor" appearing in clause (v) of said definition.

Incremental Loan Commitment Requirements means, the satisfaction of each of the following conditions: (i) the delivery by the Borrower to the Administrative Agent on or prior to such date of an acknowledgement in form and substance reasonably satisfactory to the Administrative Agent and executed by each Loan Guarantor, acknowledging that such Incremental Facility and all Loans to be incurred pursuant thereto shall constitute (and be included in the definition of) “Guaranteed Obligations” under any Guaranty and Collateralor “Secured Obligations”, as applicable, under this Agreement or any Collateral Document; (ii) the delivery by the Borrower to the Administrative Agent of an opinion or opinions, in form and substance reasonably satisfactory to the Administrative Agent, from counsel to the Loan Parties, dated such date, covering such of the matters consistent with those set forth in the opinions of counsel delivered to the Administrative Agent on the Effective Date pursuant to Section 4.01 as may be reasonably requested by the Administrative Agent (other than changes to such legal opinions resulting from a change in law, change in fact or change to counsel’s form of opinion reasonably satisfactory to the Administrative Agent); and (iv) the delivery by the Borrower and the other Loan Parties to the Administrative Agent on or prior to such date of such other officers’ certificates, board of director resolutions and evidence of good standing consistent with those required to be delivered to the Administrative Agent on the Effective Date pursuant to Section 4.01 as the Administrative Agent shall reasonably request.

Incremental Loan Commitment Requirements appearing in Section 11 of the Credit Agreement is hereby amended by inserting the text “each Wellbeing Project Financing Document,” immediately preceding each instance of the text “each Permitted Senior Notes Indenture” appearing in clause (u) of said definition.

Incremental Loan Commitment Requirements definition

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