Incremental Term Loan Closing Date definition

Incremental Term Loan Closing Date any Business Day designated as such in an Incremental Term Loan Activation Notice.

Incremental Term Loan Closing Date has the meaning assigned to such term in Section 2.03(c).

Incremental Term Loan Closing Date as to any Incremental Term Loans to be made pursuant to an Incremental Term Loan Activation Notice, the date (which shall be a Business Day) specified in such Incremental Term Loan Activation Notice as the first date on which such Incremental Term Loans will be made available.

Examples of Incremental Term Loan Closing Date in a sentence

• From and after the Incremental Term Loan Closing Date for any Incremental Term Loans, such Incremental Term Loans shall be “Term Loans” for all purposes of the Loan Documents.

• If the Borrower requests a Term Commitment Increase in respect of the Term A Facility in accordance with the provisions of Section 2.15, then subject to the terms and conditions set forth herein, each Term A Lender agreeing to provide an additional Term A Loan in accordance with the provisions of Section 2.15, shall make a single loan in an amount equal to its committed amount in respect of such additional Term A Loans to the Borrower on the applicable Incremental Term Loan Closing Date.

• 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.

• Subject to the terms and conditions set forth herein, each Incremental Term Loan Lender under the relevant Incremental Term Facility severally agrees to make a single loan consisting of an Incremental Term Loan pursuant to such Incremental Term Facility in an amount equal to its Pro Rata Share of such Incremental Term Facility to the Borrower on the applicable Incremental Term Loan Closing Date.

• Each Grantor hereby represents and warrants, on the Closing Date and on the Incremental Term Loan Closing Date, that Schedule 12 annexed to the Collateral Questionnaire (as such schedule may be amended or supplemented from time to time) sets forth all agreements with customs brokers and freight forwarder of each Grantor.

More Definitions of Incremental Term Loan Closing Date

Incremental Term Loan Closing Date means July 1, 2014.

Incremental Term Loan Closing Date means any Business Day designated as such in an Incremental Term Loan Notice.

Incremental Term Loan Closing Date means, with respect to any Incremental Term Loans, the date upon which such Incremental Term Loans are made.

Incremental Term Loan Closing Date each date, which shall be a Business Day before the final maturity of the Tranche A Term Loans (if the related Incremental Term Loans are to be made as additional Tranche A Term Loans) or the Tranche B Term Loans (if the related Incremental Term Loans are to be made as additional Tranche B Term Loans) designated as such in an Incremental Term Loan Activation Notice.

Incremental Term Loan Closing Date means any Business Day designated as such in an Incremental Term Loan Activation Notice. “Incremental Term Loan Commitment” means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant to an Incremental Term Loan Activation Notice and Section 2.24, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender. “Incremental Term Loan Maturity Date” means with respect to the Incremental Term Loans to be made pursuant to any Incremental Term Loan Activation Notice, the maturity date specified in such Incremental Term Loan Activation Notice, which date shall not be earlier than the Latest Maturity Date. “Incremental Term Loans” means any term loans made pursuant to Section 2.24(a). “Indebtedness” means of any Person at any date, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations of such Person for the deferred purchase price of property or services, (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all indebtedness created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even though 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), (e) all Finance Lease Obligations of such Person, (f) all obligations of such Person, contingent or otherwise, as an account party or applicant under or in respect of acceptances, letters of credit, surety bonds or similar arrangements, (g) the liquidation value of all Disqualified Capital Stock of such Person, (h) all Guarantee Obligations of such Person in respect of obligations of the kind referred to in clauses (a) through (g) above, (i) all obligations of the kind referred to in clauses (a) through (h) above secured by (or for which the holder of such obligation has an existing right, contingent or otherwise, to be secured by) any Lien on property (including accounts and contract rights) owned by such Person, whether or not such Person has assumed or become liable for the payment of such obligation (but only to the extent of the lesser of (i) the amount of such Indebtedness and (ii) the fair market value of such property), and (j) for the purposes of Section 8(e) only, all obligations of such Per...

Incremental Term Loan Closing Date. The full amount of the Incremental Term Loan to be made under this Agreement shall be made on the first date on which each of the conditions set forth in Section 3 is satisfied or such later date on which such conditions are satisfied as may be agreed upon by JPM and Terex, in each case with notice to the Administrative Agent (such date, the "Incremental Term Loan Closing Date"). If the Incremental Term Loan Closing Date shall not have occurred on or prior to July 31, 2009, then the Incremental Term Loan Commitment hereunder may be terminated by JPM, in its sole discretion. Use of Proceeds: For working capital and other general corporate purposes. Incremental Term Loan Maturity Date: The Term Loan Maturity Date. Incremental Term Loan Repayment Dates and Amounts: As set forth in Annex I hereto. Applicable Percentage: 3.75% per annum, in the case of any Eurocurrency Incremental Term Loan. 2.75% per annum, in the case of any ABR Incremental Term Loan. Certain Representations: Terex hereby confirms that, as of the Incremental Term Loan Closing Date, assuming satisfaction of the conditions set forth in Section 3 below, all terms and conditions for the making of this Incremental Term Loan under the Credit Agreement will have been satisfied, including all such terms and conditions set forth in Section 2.27 of the Credit Agreement.

Incremental Term Loan Closing Date means the date on which the conditions set forth in clauses (s) through (z) of the proviso to Section 2.01(c)(i) have been satisfied.