Incremental Revolving Credit definition

Incremental Revolving Credit means the credit facility for making Incremental Revolving Loans described in Section 1.15 hereof.

Incremental Revolving Credit. Loan shall mean any Revolving Credit Loan made pursuant to an Incremental Revolving Credit Commitment.

Incremental Revolving Credit. Commitments” (each such Person, an “Incremental Revolving Credit Lender”) is willing to increase its Revolving Credit Commitment by, or extend a new Revolving Credit Commitment equal to, the amount set forth opposite its name on Schedule I hereto under such heading, (b) each Person whose name is set forth on Schedule I hereto under the heading “Delayed-Draw Term Loan Commitments” (each such Person, a “Delayed-Draw Dollar Term Loan Lender”) is willing to extend a Delayed-Draw Dollar Term Loan Commitment to the U.S. Borrower in an amount equal to the amount set forth opposite its name on Schedule I hereto under such heading and (c) the Administrative Agent, the Existing Lenders, the L/C Issuers, the Incremental Revolving Credit Lenders and the Delayed- Draw Dollar Term Loan Lenders hereby agree to amend the Existing Credit Agreement as set forth herein, in each case, on the terms and subject to the conditions set forth herein.

Examples of Incremental Revolving Credit in a sentence

• Such Incremental Revolving Credit Commitment Notification shall specify the applicable Incremental Revolving Credit Commitment Effective Date.

• No Lender shall be obligated to provide any Incremental Term Loans or Incremental Revolving Credit Commitments, unless it so agrees.

• The terms, provisions and documentation of the Incremental Term Loans and Incremental Term Commitments or the Incremental Revolving Credit Loans and Incremental Revolving Credit Commitments, as the case may be, of any Class shall be identical to the Term Loans or Revolving Credit Commitments, as applicable.

• Each Incremental Loan Request from the Borrower pursuant to this Section 2.14 shall set forth the requested amount and proposed terms of the relevant Incremental Term Loans or Incremental Revolving Credit Commitments.

• The Borrower (or any Loan Party organized under the laws of the United States, any state thereof, the District of Columbia or any territory thereof, that may be designated as a borrower in respect thereof) will use the proceeds of the Incremental Term Loans and Incremental Revolving Credit Commitments for any purpose not prohibited by this Agreement.

• Notwithstanding the foregoing, the Applicable Rate in respect of any Class of Incremental Revolving Credit Commitments or Extended Revolving Credit Commitments and any Incremental Term Loans, Extended Term Loans or Revolving Credit Loans made pursuant to any Incremental Revolving Credit Commitments or Extended Revolving Credit Commitments shall be the applicable percentages per annum set forth in the relevant Incremental Facility Amendment or Extension Offer.

• On the Ninth Amendment Effective Date (promptly after giving effect thereto), the Administrative Agent will record the 2019 Incremental Revolving Credit Commitment provided by the 2019 Incremental Revolving Loan Lender (and related Revolving Credit Loans) (and the Administrative Agent will take into account and make an appropriate record of the amended and restated schedule of Revolving Credit Commitments set forth in Section B.1.b. of this Ninth Amendment), in each case, in the Register.

• If Administrative Agent does not receive agreements from Lenders (or Additional Lenders) in an amount sufficient to fund the requested Incremental Revolving Credit Facility, Administrative Agent shall so notify the Borrower and the request for Incremental Revolving Credit Facility shall be deemed automatically rescinded; provided, the Borrower may submit a replacement Notice of Incremental Revolving Credit Facility setting forth different terms for the requested Incremental Revolving Credit Facility.

• Upon execution and delivery hereof, the Agent will record in the Register the Incremental Revolving Credit Commitments made by the Incremental Revolving Credit Lenders.

• The Agent shall have received a favorable written opinion (addressed to the Agent and the Lenders (including, without limitation, the Incremental Revolving Credit Lenders) and dated the Incremental Amendment Effective Date) of (i) Davis Polk & Wardwell LLP, counsel to the Loan Parties, (ii) Morris, Nichols, Arsht & Tunnell LLP, Delaware counsel to the Loan Parties and (iii) Hill Ward Henderson, Florida counsel to the Loan Parties, in form and substance reasonably satisfactory to the Agent.

More Definitions of Incremental Revolving Credit

Incremental Revolving Credit. LENDER shall have the meaning provided in Section 2.2(e).