Incremental Term Loan Amount definition

Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

Incremental Term Loan Amount as to each Incremental Lender, on and after the effectiveness of any Incremental Term Loan Activation Notice, the obligation of such Incremental Lender to make Incremental Term Loans hereunder in a principal amount equal to the amount set forth under the heading "Incremental Term Loan Amount" opposite such Incremental Lender's name on such Incremental Term Loan Activation Notice.

Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $30,000,000 minus (b) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.22.

Examples of Incremental Term Loan Amount in a sentence

• Notwithstanding anything to the contrary herein, the aggregate amount of the Incremental Term Loans (other than, for the avoidance of doubt, those established in respect of Extended Term Loans pursuant to Section 2.15) shall not exceed the Maximum Incremental Term Loan Amount.

• Each tranche of Incremental Term Loans shall be in an integral multiple of $1,000,000 and be in an aggregate principal amount that is not less than $25,000,000; provided that such amount may be less than $25,000,000 if such amount represents all the remaining availability under the Incremental Term Loan Amount outstanding at such time.

• Each Incremental Lender that is a signatory to an Incremental Term Loan Activation Notice severally agrees, on the terms and conditions of this Agreement, to make a term loan (an "Incremental Term Loan") to the Borrower on the Incremental Term Loan Closing Date specified in such Incremental Term Loan Activation Notice in a principal amount not to exceed the amount of the Incremental Term Loan Amount of such Incremental Lender specified in such Incremental Term Loan Activation Notice.

• Each Incremental Lender that is a signatory to an Incremental Term Loan Activation Notice severally agrees, on the terms and conditions of this Agreement, to make an Incremental Term Loan to the Parent Borrower on the Incremental Term Loan Effective Date specified in such Incremental Term Loan Activation Notice in a principal amount not to exceed the amount of the Incremental Term Loan Amount of such Incremental Lender specified in such Incremental Term Loan Activation Notice.

• Borrower may, by written notice to the Administrative Agent from time to time, request Incremental Term Loan Commitments in an amount not to exceed the Incremental Term Loan Amount from one or more Incremental Term Loan Lenders, each of which must be (i) an existing Lender, (ii) any Affiliate or Approved Fund of any existing Lender or (iii) any other Person acceptable (which acceptance shall not be unreasonably withheld or delayed) to the Administrative Agent.

More Definitions of Incremental Term Loan Amount

Incremental Term Loan Amount set forth in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

Incremental Term Loan Amount means the amount of any increase in the Term Loan pursuant to the terms of Section 2.02(f)(ii).

Incremental Term Loan Amount means, at any time, the excess, if any, of $50,000,000 over the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.24.

Incremental Term Loan Amount means, at any time, the greater of (a) $100,000,000 minus the aggregate amount of all Incremental Term Commitments established prior to such time pursuant to Section 2.23 and (b) such other amount so long as, on a Pro Forma Basis after giving effect to the incurrence of any such Incremental Term Loan Facility (including after giving effect on a Pro Forma Basis to any acquisition consummated concurrently therewith and all other events that are funded out of the proceeds of such Incremental Term Loan Facility) the Total Net Leverage Ratio, recomputed as of the last day of the most recently ended fiscal quarter of Holdco for which financial statements are available or required to have been delivered pursuant to Section 5.03, is equal to or less than 2.00:1.00.

Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $1,000,000,000 over (b) the sum of (i) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.24 (whether in respect of Other Term Loans, Other Term A Loans or otherwise) and (ii) the aggregate principal amount of Indebtedness incurred pursuant to Section 6.01(w) prior to such time; provided, however, that, to the extent the proceeds of any Incremental Term Loans or any Alternative Incremental Facility Indebtedness are used concurrently with the incurrence thereof to prepay then-outstanding Term Loans the establishment of such Incremental Term Loan Commitments or the incurrence of such Alternative Incremental Facility Indebtedness, as the case may be, shall not reduce the Incremental Term Loan Amount. Notwithstanding the foregoing, (x) if the Incremental Term Loan Amount shall have been reduced as the result of the incurrence of Alternative Incremental Facility Indebtedness that resulted in Residual Specified Net Cash Proceeds, then the Incremental Term Loan Amount shall be subsequently increased upon the prepayment of then-outstanding Term Loans by an aggregate amount equal to the aggregate principal amount so prepaid (but, in any event, not to exceed the aggregate amount of such Residual Specified Net Cash Proceeds) and (y) the aggregate amount of all Incremental Term Loan Commitments established after the Amendment Effective Date pursuant to Section 2.24 in respect of Other Term A Loans shall not exceed an amount equal to the sum of (A) $500,000,000 and (B) the aggregate principal amount of Other Term A Loans incurred after the Amendment Effective Date to the extent the proceeds of such Other Term A Loans are used concurrently with the incurrence thereof to prepay then-outstanding Other Term A Loans.”.

Incremental Term Loan Amount means, at any time, the excess, if any, of the greater of (a) the sum of (i) $50.0 million plus (ii) all voluntary prepayments of the existing Term B-3 Facility other than with the proceeds of long term Indebtedness and (b) any amount so long as, in the case of this clause (b), on a Pro Forma Basis (but excluding the cash proceeds of any Incremental Term Loans being incurred for purposes of the calculation of the amount of Secured Debt), the Consolidated Secured Leverage Ratio does not exceed 2.50 to 1.00.

Incremental Term Loan Amount means, at any time, $50,000,000.