Revolving Offered Increase Amount definition

Revolving Offered Increase Amount as defined in Section 2.26(a).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Revolving Offered Increase Amount with respect to any Revolving Commitment Increase Notice, the amount of the increase in Revolving Credit Commitments requested by the Borrower in such Revolving Commitment Increase Notice pursuant to Section 2.23(a). “RevPAR”: on any date of determination for any Real Property, an amount equal to (a) the Occupancy Rate for such Real Property for the period of four fiscal quarters most recently ended for which financial statements are available multiplied by (b) Average Daily Rate for such Real Property for such period. “S&P”: Standard & Poor’s Ratings Services and its successors. “Sanctioned Country”: at any time, a country, region or territory which is itself, or whose government is, the target of any Sanctions. “Sanctioned Person”: at any time, any person that is, or is directly or indirectly owned or controlled by one or more persons that are (a) listed on any Sanctions-related list of designated persons maintained by the U.S. government (including the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State), the United Nations Security Council, the European Union, His Majesty’s Treasury of the United Kingdom, or other relevant sanctions authority, or (b) operating, located, organized, or resident in a Sanctioned Country.

Examples of Revolving Offered Increase Amount in a sentence

Each Revolving Commitment Increase Notice shall specify which banks, financial institutions or other entities the Borrower desires to provide such Revolving Offered Increase Amount not accepted by the Revolving Credit Lenders.
The Borrower or, if requested by the Borrower, the Administrative Agent, will notify the Revolving Credit Lenders, and, if the Revolving Credit Lenders do not accept the entire Revolving Offered Increase Amount, such banks, financial institutions or other entities shall be offered the opportunity to provide the portion of the Revolving Offered Increase Amount not accepted by the Revolving Credit Lenders.
Each Revolving Commitment Increase Notice shall specify which Revolving Credit Lenders and/or banks, financial institutions or other entities the Borrower desires to provide such Revolving Offered Increase Amount.
The Borrower or, if requested by the Borrower, the Administrative Agent, will notify the Revolving Credit Lenders, and, if the Revolving Credit Lenders do not accept the entire Revolving Offered Increase Amount, such banks, financial institutions or other entities.
Each of the then existing Revolving Credit Lenders shall have ten (10) Business Days following receipt of a Revolving Commitment Increase Notice from the Borrowers to notify the Borrowers of such Lender’s commitment to provide a portion of the Revolving Offered Increase Amount.
In addition to the amendments described above, and notwithstanding anything in this Section 10.1 to the contrary, any amendment to this Agreement or other Loan Documents to effectuate a Revolving Offered Increase Amount may be effected as contemplated by Section 2.26.
The Borrowers or, if requested by the Borrowers, the Administrative Agent will notify each Revolving Credit Lender, and/or bank, financial institution or other entity of the amount of the Revolving Offered Increase Amount that shall be allocated to such Revolving Credit Lender or such other bank, financial institution or other entity in accordance with the forgoing.
Each Revolving Commitment Increase Notice shall specify which Lenders and/or banks, financial institutions or other entities Monster Worldwide desires to provide such Revolving Offered Increase Amount.
In addition to the amendments described above, and notwithstanding anything in this Section 10.1 to the contrary, any amendment to this Agreement or other Loan Documents to effectuate the Incremental Term Loan Facilities or (ii) a Revolving Offered Increase Amount may be effected as contemplated by Section 2.28 or Section 2.29, as applicable.
The Borrowers may first offer all Revolving Credit Lenders the opportunity to provide all or a portion of any Revolving Offered Increase Amount pursuant to subparagraph (c) below, but each such Lender shall have no obligation whatsoever to provide all or any portion of the Revolving Offered Increase Amount.

More Definitions of Revolving Offered Increase Amount

Revolving Offered Increase Amount as defined in Section 3.2(a)