Incremental Revolving Loan Facility definition

Incremental Revolving Loan Facility has the meaning provided in Section 2.01(d).

Incremental Revolving Loan Facility as defined in the definition of the term “Facility”.

Incremental Revolving Loan Facility means any Incremental Revolving Loans and the provisions herein related to such Incremental Revolving Loans. 26 [[3901999]]

Examples of Incremental Revolving Loan Facility in a sentence

• If at the time of any such mandatory reduction of any Incremental Revolving Loan Commitments, the aggregate principal amount of the Incremental Revolving Loans then outstanding thereunder exceeds the Incremental Revolving Loan Commitments as so reduced on such date, the Company shall on such date prepay the Incremental Revolving Loans under such Incremental Revolving Loan Facility in the amount of such excess, together with accrued interest thereon to the date of payment.

• To the extent, if any, that the amount of the Incremental Revolving Loans under an Incremental Revolving Loan Facility then outstanding exceeds the amount of the Incremental Revolving Loan Commitments under such Incremental Revolving Loan Facility as then reduced, the Company shall be required to make a prepayment of such Incremental Revolving Loans equal to such excess amount.

• Notwithstanding the foregoing, in no event shall any Incremental Revolving Loan be made if after giving effect to such making and the use of proceeds thereof as irrevocably directed by the Company, the aggregate then outstanding principal amount of Incremental Revolving Loans under the applicable Incremental Revolving Loan Facility would exceed the aggregate Incremental Revolving Loan Commitments under such Incremental Revolving Loan Facility.

• Any Incremental Revolving Loan Facility established by way of increasing the Aggregate Revolving Commitments under Section 2.01(a) shall be a part of the Revolving Loans and Revolving Commitments hereunder subject to the same terms and conditions without distinction from the Revolving Loans and Revolving Commitments existing prior to their establishment.

• Pursuant to Section 16.l3(b) of the Credit Agreement, the Company has delivered to the Administrative Agent an Incremental Facility Activation Notice with respect to the implementation of an Incremental Revolving Loan Facility in the aggregate amount of $57,500,000 effective April 5, 2004 and maturing on March 31, 2009.

More Definitions of Incremental Revolving Loan Facility

Incremental Revolving Loan Facility as defined in subsection 16.13.

Incremental Revolving Loan Facility increasing the amount of the Term Loan (the “Incremental Term Loan”) or establishing a new term loan or loans as provided herein; provided that, with respect to the establishment of any such Incremental Loan Facility:

Incremental Revolving Loan Facility means any Incremental Revolving Loans and the provisions herein related to such Incremental Revolving Loans. “Incremental Term Loan Facility” means any Incremental Term Loans and the provisions herein related to such Incremental Term Loans. “Incurrence-Based Amount” has the meaning specified in Section 1.1(d)(ii). “Indebtedness” of any Person means, without duplication, any of the following, whether or not matured: (a) all indebtedness for borrowed money, (b) all obligations evidenced by notes, bonds, debentures or similar instruments, (c) all reimbursement and all obligations with respect to (i) letters of credit, bank guarantees or bankers’ acceptances or (ii) surety, customs, reclamation or performance bonds, (in each case, not related to judgments or litigation) and other than those entered into in the ordinary course of business, (d) all obligations to pay the deferred purchase price of property or services, including all “earn-outs” and other similar deferred consideration payable in connection with any Permitted Acquisition or other Investment (but only to the extent such obligations are required to be treated as liabilities on such Person’s balance sheet in accordance with GAAP), other than (i) trade payables or similar obligations incurred in the ordinary course of business or consistent with past practice (including with respect to insurance premiums) or, (ii) accruals for payroll, employee compensation and similar liabilities incurred in the ordinary course of business or consistent with past practice and (iii) customary liabilities associated with customer prepayments and deposits or funds held in trust for any broker, in each case, incurred in the ordinary course of business, (e) all obligations created or arising under any conditional sale or other title retention agreement, regardless of whether the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property, (f) all Capitalized Lease Obligations, (g) all obligations, whether or not 34 [[5286738]]

Incremental Revolving Loan Facility means the aggregation of Incremental Revolving Loan Commitments of one or more Lenders which are made available to the Borrower and become effective on the same date pursuant to the same Incremental Loan Amendment.