Incremental Revolver Loans definition

Incremental Revolver Loans as defined in Section 2.2.1.

Incremental Revolver Loans shall have the meaning assigned to such term in Section 2.23(a).

Examples of Incremental Revolver Loans in a sentence

• Any Incremental Revolver Loans shall have the same terms (including, but not limited to, maturity date, voting rights and rights to receive the proceeds of prepayments but excluding the Applicable Margins for interest rates applicable thereto) as the existing Revolver Loans and shall be considered Revolver Loans hereunder.

• At the time of sending such notice, Borrower Agent (in consultation with Agent) shall specify the time period within which each Lender is requested to respond and the proposed Applicable Margins (or range of proposed Applicable Margins) acceptable to Borrowers to be applicable to the requested Incremental Revolver Loans.

• In addition, if for any reason the Total Incremental Revolver Outstandings (June 2008) at any time exceed the Incremental Revolver Facility (June 2008) at such time, the Company shall immediately prepay Incremental Revolver Loans (June 2008) in an aggregate amount equal to such excess.

• If the deposit is insufficient to cover the charges, the owner must attempt to collect the balance from the tenant.

• The Company may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay Incremental Revolver Loans (June 2008) in whole or in part without premium or penalty in the same manner as set forth in Section 2.04(a) of the Credit Agreement with regard to Revolving Credit Loans.

• Incremental Revolver Loans (June 2008) may be Base Rate Loans or Eurodollar Rate Loans as further provided herein or in the Credit Agreement.

• Any Incremental Revolver Lender (June 2008) that has failed to fund any portion of the Incremental Revolver Loans (June 2008) required to be funded by it hereunder or under the Credit Agreement within one Business Day of the date required to be funded by it hereunder or under the Credit Agreement shall be considered a Defaulting Lender for purposes of the Incremental Revolver Facility (June 2008) as the term “Defaulting Lender” is used herein and in the Credit Agreement.

• The Company shall repay to the Incremental Revolver Lenders (June 2008) on the Incremental Revolver Facility (June 2008) Maturity Date the aggregate principal amount of all Incremental Revolver Loans (June 2008) outstanding on such date.

• The obligations of the Incremental Revolver Lenders (June 2008) to make Incremental Revolver Loans (June 2008) are several and not joint.

• The Company shall make mandatory prepayments of the Incremental Revolver Loans (June 2008) in accordance with the provisions of Section 2.04(b) of the Credit Agreement.