Revolving Credit Facility Increase definition

Revolving Credit Facility Increase has the meaning assigned to such term in Section 2.15(a).

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Revolving Credit Facility Increase has the meaning assigned thereto in Section 5.13(a)(ii).

Revolving Credit Facility Increase has the meaning assigned thereto in Section 2.7(a). “Revolving Credit Lender” means a Lender with a Revolving Credit Commitment. “Revolving Credit Loan” means any revolving loan made to the BorrowersBorrower pursuant to Section 2.1, including any Revolving Credit Facility Increases, and all such revolving loans collectively as the context requires. “Revolving Credit Maturity Date” means the earliest to occur of (a) January 17, 2023, (b) the date of termination of the entire Revolving Credit Commitment by the BorrowersBorrower pursuant to Section 2.5, ▇▇▇▇▇ (c) the date of termination of the Revolving Credit Commitment pursuant to Section 9.2(a). “Revolving Credit Note” means a promissory note made by the BorrowersBorrower in favor of a Revolving Credit Lender evidencing the Revolving Credit Loans made by such Revolving Credit Lender, (i) for the Parent Borrower, substantially in the form attached as Exhibit A-1 and (ii) for the Cayman Borrower, substantially in the form attached as Exhibit A-2, and, in each case,including any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part. “Revolving Credit Outstandings” means the sum of (a) with respect to Revolving Credit Loans and Swingline Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Revolving Credit Loans and Swingline Loans, as the case may be, occurring on such date; plus (b) with respect to any L/C Obligations on any date, the aggregate outstanding amount thereof on such date after giving effect to the issuance of or drawing under any Letters of Credit occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements of outstanding unpaid drawings under any Letters of Credit or any reductions in the maximum amount available for drawing under Letters of Credit taking effect on such date. “Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by the U.S. government (including those administered by OFAC), the European Union, Her Majesty’s Treasury, the United Nations Security Council or other relevant sanctions authority. “Sanctioned Country” means at any time, a country, region or territory which is itself the subject or target of any Sanctions (including, without limitationas of the Third Amendment Effective Da...

Examples of Revolving Credit Facility Increase in a sentence

The Borrower shall deliver or cause to be delivered any other customary documents, including, without limitation, legal opinions) as reasonably requested by the Administrative Agent in connection with any Revolving Credit Facility Increase.
The Administrative Agent shall allocate, in its sole discretion but in amounts not to exceed for each such Lender the commitment received from such Lender, Affiliate or Approved Fund, the Incremental Term Loan commitments or Revolving Credit Facility Increase commitments to be made as part of such Incremental Term Loans or Revolving Credit Facility Increase, respectively, to the Lenders from which it has received such written commitments.
Each Incremental Term Loan and Revolving Credit Facility Increase shall become effective on a date agreed by the Borrower and the Administrative Agent (each, a “Commitment Increase Date”), which shall be in any case on or after the date of satisfaction of the conditions precedent set forth in Section 4.
If the Administrative Agent does not receive enough commitments from existing Lenders or their Affiliates or Approved Funds, it may, after consultation with the Borrower, allocate to Eligible Assignees any excess of the proposed amount of such Incremental Term Loans or Revolving Credit Facility Increase agreed with the Borrower over the aggregate amounts of the commitments received from existing Lenders or their Affiliates or Approved Funds.
The Administrative Agent shall promptly notify each Lender of each proposed Incremental Term Loan and Revolving Credit Facility Increase and of the proposed terms and conditions therefor agreed between the Borrower and the Administrative Agent.
Any Person not responding within such time period shall be deemed to have declined to provide a Revolving Credit Facility Increase.
The Administrative Agent shall promptly notify each Lender of each proposed Revolving Credit Facility Increase and of the proposed terms and conditions therefor agreed between the Borrower and the Administrative Agent.
Nothing in this Agreement shall be construed to obligate the Administrative Agent, the Arrangers or any Agent or Lender to negotiate for (whether or not in good faith), solicit, provide or consent to any Incremental Term Loans or any Revolving Credit Facility Increase.
The Administrative Agent and the Borrower Agent, on behalf of the Cayman Borrower, shall determine the effective date (the “Increase Effective Date”) and the final allocation of such Revolving Credit Facility Increase (limited in the case of the Incremental Lenders to their own respective allocations thereof).
Each proposed Incremental Lender may elect or decline, in its sole discretion, and shall notify the Administrative Agent within such time period whether it agrees, to provide a Revolving Credit Facility Increase and, if so, whether by an amount equal to, greater than or less than requested.

More Definitions of Revolving Credit Facility Increase

Revolving Credit Facility Increase has the meaning set forth in the introductory paragraphs hereof.

Revolving Credit Facility Increase as set forth in Amended Schedule 2.01, and the Revolving Credit Commitment of each Revolving Credit Lender under and as defined in the Credit Agreement as amended hereby shall be in the amount as set forth on Amended Schedule 2.01. Each New Revolving Credit Lender acknowledges and agrees that effective on the MWE Acquisition Closing Date it shall be a Revolving Credit Lender under and as defined in the Credit Agreement as amended hereby and shall have a Revolving Credit Commitment in the amount set forth opposite its name on Amended Schedule 2.01.

Revolving Credit Facility Increase is defined in Section 2.01(b).