Incremental Revolving Credit Commitment definition

Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.
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Incremental Revolving Credit Commitment has the meaning assigned thereto in Section 5.13(a)(ii).
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Incremental Revolving Credit Commitment has the meaning specified in Section 2.24(a).
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Examples of Incremental Revolving Credit Commitment in a sentence

  • The Administrative Agent shall promptly distribute to the parties an amended Schedule 1.1A (which shall be deemed incorporated into this Agreement), to reflect the addition of any new Lenders that have provided a portion of any such Incremental Term Loan and, if applicable, Incremental Revolving Credit Commitment, and the respective Term Percentages of the Term Lenders resulting therefrom and Revolving Percentages of the Revolving Lenders resulting therefrom.

  • The Administrative Agent shall promptly notify the Borrower and the Lenders of the final allocation of such Incremental Term Loan, Incremental Revolving Credit Commitment (if applicable) and the Increase Effective Date.

  • No Lender shall be obligated to participate in any Incremental Term Loan or Incremental Revolving Credit Commitment, and any Lender approached to participate in any Incremental Term Loan or Incremental Revolving Credit Commitment may elect or decline to participate in any such Incremental Term Loan or Incremental Revolving Credit Commitment in such Lender’s sole and absolute discretion.

  • For the avoidance of doubt, the Borrower will not be obligated to approach any Lender to participate in any Incremental Term Loan or Incremental Revolving Credit Commitment.

  • If an Incremental Term Loan or Incremental Revolving Credit Commitment is to be made or established in accordance with this Section 2.24, the Administrative Agent and the Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of such Incremental Term Loan and, if applicable, Incremental Revolving Credit Commitment among the Lenders.


More Definitions of Incremental Revolving Credit Commitment

Incremental Revolving Credit Commitment means any increased or incremental Revolving Credit Commitment provided pursuant to Section 2.14.
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Incremental Revolving Credit Commitment means any incremental revolving credit commitment provided pursuant to Section 2.17.
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Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to Section 2.25, to make Incremental Revolving Loans to one or more Borrowers.
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Incremental Revolving Credit Commitment means any commitment made by a lender to provide all or any portion of any Incremental Revolving Facility.
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Incremental Revolving Credit Commitment means, any Revolving Credit Lender’s obligation to make an Incremental Revolving Credit Loan to the Borrower pursuant to Section 2.14 in an aggregate principal amount not to exceed the amount set forth for such Revolving Credit Lender in the applicable Incremental Commitment Amendment.
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Incremental Revolving Credit Commitment means the Commitment of any Lender in respect of an Incremental Revolving Credit Commitment Increase or Additional/Replacement Revolving Credit Commitments, in each case, pursuant to Section 2.14(a).
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Incremental Revolving Credit Commitment means as is specified in Section 5.7 [Incremental Loans].
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