Maximum Incremental Commitment Amount definition

Maximum Incremental Commitment Amount means $50,000,000.
Maximum Incremental Commitment Amount means $500,000,000.
Maximum Incremental Commitment Amount means $300,000,000.

Examples of Maximum Incremental Commitment Amount in a sentence

  • The sum of the increase in the Revolving Commitments and the Incremental Term Loans of the Increasing Lenders plus the Revolving Commitments and the Incremental Term Loans of the Additional Lenders shall not in the aggregate exceed the unsubscribed amount of the Maximum Incremental Commitment Amount.


More Definitions of Maximum Incremental Commitment Amount

Maximum Incremental Commitment Amount means $150,000,000.
Maximum Incremental Commitment Amount means, as of any date, the result of the following (which shall not be less than zero): (x) $500,000,000 minus (y) the aggregate principal amount of all Incremental Commitments incurred on or prior to such date.
Maximum Incremental Commitment Amount means $100,000,000.
Maximum Incremental Commitment Amount means $350,000,000.
Maximum Incremental Commitment Amount means (x) $100,000,000, minus the aggregate principal amount of Incremental Commitments incurred in reliance on this clause (x) provided to the Borrower pursuant to Section 2.23 after the First Amendment Effective Date plus (y) an amount, if positive, by which the Aggregate Borrowing Base as then in effect exceeds the aggregate amount of the Total Commitment as then in effect (immediately prior to giving effect to any Incremental Commitments incurred in reliance on this clause (y)); provided that such amounts shall not be reduced by any Incremental Commitments provided to the Borrower prior to the First Amendment Effective Date; provided, further, that no Incremental Commitments shall be incurred under clause (y) prior to the incurrence of all Incremental Commitments permitted to be incurred under clause (x) (it being understood that Incremental Commitments may be incurred under clauses (x) and (y), in a single transaction by first incurring such Incremental Commitments pursuant to clause (x) and then calculating the incurrence of any additional Incremental Commitments under clause (y).
Maximum Incremental Commitment Amount means $500,000,000. “Maximum Swingline Amount” shall mean $20,000,000.
Maximum Incremental Commitment Amount means an aggregate amount equal to the greater of (x) $185,000,000 or (y) 100% of Consolidated EBITDA for the most recently ended four Fiscal Quarter period for which financial statements are required to have been delivered pursuant to Section 5.1(a) or (b) minus the aggregate amount of any and all prior Incremental Commitments established pursuant to Section 2.23 plus an unlimited amount, so long as the Senior Secured Net Leverage Ratio does not exceed 2.50 to 1.00 as of the last day of the most recently ended Fiscal Quarter for which financial statements are required to have been delivered pursuant to Section 5.1(a) or (b), calculated on a Pro Forma Basis and as if all such Incremental Term Loans had been made and all such Incremental Revolving Commitments had been established (and fully funded) as of the first day of the relevant period for testing compliance (but calculated without including the cash proceeds of any such Incremental Term Loans or Incremental Revolving Commitments in the amount of unrestricted cash and Cash Equivalents to be netted in the calculation of Consolidated Total Net Leverage Ratio); provided, that, in the case of any Incremental Term Facility to finance a Limited Condition Transaction, the date of determination of the Senior Secured Net Leverage Ratio shall, at the option of the Borrower, be the LCT Test Date for such Limited Condition Transaction.