Incremental Revolver Commitments definition

Incremental Revolver Commitments has the meaning set forth in Section 2.20.

Incremental Revolver Commitments means, for any U.S. Lender, any commitment by such U.S. Lender to make U.S. Advances pursuant to Section 2.1 as agreed to by such U.S. Lender in the respective Incremental Revolver Commitment Agreement delivered pursuant to Section 2.15; it being understood, however, that on each date upon which an Incremental Revolver Commitment of any U.S. Lender becomes effective, such Incremental Revolver Commitment of such U.S. Lender shall be added to (and thereafter become a part of) the Revolver Commitment of such U.S. Lender for all purposes of this Agreement as contemplated by Section 2.15.

Examples of Incremental Revolver Commitments in a sentence

• With respect to any Revolver Loans to be made under the Incremental Revolver Commitments, the Administrative Borrower shall have delivered a duly executed Notice of Borrowing to the Agent in accordance with Section 4.1 of the Amended ABL Credit Agreement.

• The parties hereto hereby agree that this Amendment shall constitute the joinder agreement referred to in Section 2.1.11(e) of the Existing ABL Credit Agreement applicable to the Incremental Revolver Commitments.

• No Default or Event of Default exists, both immediately before and after giving effect to the incurrence of the Incremental Revolver Commitments.

• A challenge is the lack of both public and private local entities that are able to act as implementing entities for the GCF.

• The Amendment Parties shall take any actions reasonably required by Agent to ensure and demonstrate that the Liens and security interests granted by the Loan Documents continue to be perfected under the Code or otherwise after giving effect to the Incremental Revolver Commitments, Incremental Revolving Loans and the Maximum Revolver Amount set forth herein.

• Any incremental Revolver Loans made in connection with the Incremental Revolver Commitments shall be subject to, and made in accordance with, the terms and conditions of the Loan Agreement applicable to all Revolver Loans.

• The Company shall pay to the Administrative Agent for the account of each Incremental Revolver Lender (June 2008) in accordance with its Applicable Incremental Revolver Percentage (June 2008), a commitment fee (the “Incremental Revolver (June 2008) Commitment Fee”) on the actual daily amount by which the amount of the total Incremental Revolver Commitments (June 2008) exceeds the Total Incremental Revolver Outstandings (June 2008) at a rate equal to 0.375% per annum multiplied by such excess amount.

• The Incremental Revolver Commitments and any amounts borrowed in respect of the Incremental Revolver Commitments ("Incremental Revolving Loans") shall constitute Revolver Commitments and Revolving Loans under the Credit Agreement, respectively, shall be entitled to all the benefits afforded by the Credit Agreement and the other Loan Documents, and shall, without limiting the foregoing, benefit equally and ratably from any guarantees and the security interests created by the Loan Documents.

• With respect to any Revolver Loans to be made under the Incremental Revolver Commitments, the Administrative Borrower shall have delivered a duly executed Notice of Borrowing to the Agent in accordance with Section 4.1 of the Amended ABL Credit Agreement.(o) Borrowing Base Certificate.

• A Director appointed by the Board may be removed with or without cause, by the vote of two-thirds of the Directors then in office.