Incremental Revolving Facility Closing Date definition

Incremental Revolving Facility Closing Date has the meaning assigned to such term in Section 2.20(b).

Incremental Revolving Facility Closing Date of the condition set forth in Section 4.02(a) (it being understood that all references to “the date of such Borrowing” in Section 4.02(a) shall be deemed to refer to the Incremental Revolving Facility Closing Date and such conditions may, in the case such Incremental Revolving Facility Amendment is being entered into in connection with a Permitted Business Acquisition or similar Investment, be limited to the Specified Representations and, to the extent reasonably requested by the Administrative Agent, the Lenders and/or Additional Revolving Lenders of such Commitments, receipt of legal opinions, board resolutions, officers’ certificates, amendments to Security Documents and/or reaffirmation agreements consistent with those delivered on the Effective Date under Section 4.01 (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/or Additional Revolving Lenders of such Commitments).

Incremental Revolving Facility Closing Date has the meaning assigned to such term in Section 2.20(b)(ii) and, for the avoidance of doubt, shall include the Amendment No. 3 Effective Date.

Examples of Incremental Revolving Facility Closing Date in a sentence

• To the extent the requirements of clause (i) of Section 3(g) have not been satisfied on or prior to the Incremental Revolving Facility Closing Date after the use of the Borrower’s commercially reasonable efforts to do so, the Borrower shall deliver, or cause to be delivered, to the Administrative Agent within thirty (30) days after the Incremental Revolving Facility Closing Date (or such longer period as the Administrative Agent may agree in its sole discretion), the documents specified in such clause (i).

• As of the Incremental Revolving Facility Closing Date, each Loan Party is in good standing (or the equivalent) under the laws of such Loan Party’s jurisdiction of organization or formation, as applicable, in each case except as would not have an adverse effect on the validity or enforceability of this Agreement or any of the other Loans Documents, or on the rights or remedies of the Agents or the Lenders hereunder or thereunder.

• If there are any Base Rate Loans outstanding on the Incremental Revolving Facility Closing Date of such Incremental Revolving Facility, such Advances shall either be prepaid by Borrower on such date or refinanced on such date (subject to satisfaction of applicable borrowing conditions) with Advances made on such date by the Lenders (including the Additional Lenders) in accordance with their Pro Rata Shares.

• Subject to the satisfaction of the conditions set forth in Article II hereof, the Incremental Revolving Facility Closing Date with respect to the Revolving Commitment Increases contemplated by this Amendment shall be the Incremental Amendment Effective Date (as defined below).

• The effectiveness of any Incremental Revolving Facility Amendment shall, unless otherwise agreed to by the Administrative Agent and the Additional Revolving Lenders, be subject to the satisfaction on the date thereof (each, an “Incremental Revolving Facility Closing Date”) of each of the conditions set forth in Section 4.02 (it being understood that all references to “the date of such Borrowing” in Section 4.02 shall be deemed to refer to the Incremental Revolving Facility Closing Date).

• On the Incremental Revolving Facility Closing Date of such Incremental Revolving Facility, Borrower will pay to Agent, for the accounts of the Lenders receiving such prepayments, accrued and unpaid interest on the principal amounts of their Advances being prepaid.

More Definitions of Incremental Revolving Facility Closing Date

Incremental Revolving Facility Closing Date has the meaning assigned to such term in Section 2.18(b)(ii). “Incremental Term Commitment” means the commitment of the Additional Term Lenders to make Incremental Term Loans pursuant to Section 2.18. “Incremental Term Facility” has the meaning assigned to such term in Section 2.18(a)(ii). “Incremental Term Facility Amendment” has the meaning assigned to such term in Section 2.18(b)(iii). “Incremental Term Facility Closing Date” has the meaning assigned to such term in Section 2.18(b)(iii). “Incremental Term Loans” means term loans established pursuant to Section 2.18(b). “Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person, (d) all obligations of such Person in respect of the deferred purchase price of property or services, (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, (f) all Guarantees by such Person of Indebtedness of others, (g) all Capital Lease Obligations of such Person, (h) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty and (i) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances; provided that the term “Indebtedness” shall not include (A) deferred or prepaid revenue, (B) purchase price holdbacks in respect of a portion of the purchase price of an asset to satisfy warranty or other unperformed obligations of the seller, (C) trade and other ordinary-course payables, accrued expenses, and intercompany liabilities arising in the ordinary course of business or consistent with past practice or industry norm, (D) purchase price holdbacks arising in the ordinary course of business or consistent with past practice or industry norm in respect of a portion of the purchase prices of an asset to satisfy unperformed obligations of the seller of such asset, (E) earn-out obligations until such obligations become a liability on the balance sheet of such Person in accordance with GAAP, (F) obligations in respect of Third Party ...

Incremental Revolving Facility Closing Date has the meaning specified therefor in Section 2.2(b)(ii) of the Agreement.

Incremental Revolving Facility Closing Date of the conditions set forth in Section 2.20(a)(ii) above and, to the extent reasonably requested by the Administrative Agent, the Revolving Agent, the Lenders and/or Additional Revolving Lenders of such Commitments, receipt of legal opinions, board resolutions, officers’ certificates, amendments to Security Documents and/or reaffirmation agreements consistent with those delivered on the Effective Date under Section 4.01 (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/or Additional Revolving Lenders of such Commitments).