Specified Incremental Term Loans definition

Specified Incremental Term Loans shall have the meaning assigned to such term in Section 2.26(a).

Specified Incremental Term Loans means up to $125,000,000 of Incremental Term Loans specified by Holdings in its sole discretion from time to time (less the aggregate principal amount of Second Lien Incremental Facilities that is designated under the definition of “Specified Incremental Term Loans” as defined in the Second Lien Credit Agreement).

Specified Incremental Term Loans means, at any date of determination, an amount equal to (a) the greater of (i) $130,000,000 and (ii) 100% of Consolidated EBITDA for the Test Period then last ended minus (b) the aggregate principal amount of Incremental Term Loans and/or Incremental Equivalent Debt designated by the Borrower in its sole discretion as Specified Incremental Term Loans that is outstanding at such time (less the aggregate principal amount of Second Lien Incremental Facilities and Second Lien Incremental Equivalent Debt that is designated under the definition of “Specified Incremental Term Loans” as defined in the Second Lien Credit Agreement).

Examples of Specified Incremental Term Loans in a sentence

• Notwithstanding anything to the contrary herein, the aggregate amount of the Incremental Term Loans (other than Specified Incremental Term Loans) and the Revolving Commitment Increases shall not exceed the Incremental Availability.

• The Incremental Tranche B-1 Term Loans and Incremental Tranche B-2 Term Loans shall constitute Specified Incremental Term Loans and Term Loans for all purposes of the Credit Agreement and the other Loan Documents, and shall have the terms that are set forth in Exhibit A-1 hereto in the case of the Incremental Tranche B-1 Term Loans and have the terms that are set forth in Exhibit A-2 hereto in the case of the Incremental Tranche B-2 Term Loans.

• The Incremental Euro Term Loans shall constitute Specified Incremental Term Loans and Term Loans for all purposes of the Credit Agreement and the other Loan Documents, and shall have the terms set forth in Exhibit A hereto.

• The Incremental Tranche A-1 Term Loans shall constitute Specified Incremental Term Loans and Term Loans for all purposes of the Credit Agreement and the other Loan Documents, and shall have the terms that are set forth in Exhibit A.

• The Incremental Tranche C Term Loans and Incremental Tranche D Term Loans shall constitute Specified Incremental Term Loans and Term Loans for all purposes of the Credit Agreement and the other Loan Documents, and shall have the terms that are set forth in Exhibit A.

More Definitions of Specified Incremental Term Loans

Specified Incremental Term Loans means up to the greater of (a) $100,000,000 and (b) 10% of Consolidated EBITDA for the Test Period then last ended of Incremental Term Loans and/or Incremental Equivalent Debt specified by the Borrower in its sole discretion from time to time.

Specified Incremental Term Loans means collectively (a) up to the greater of (x) $275,000,000 and (y) 50% of Consolidated EBITDA for the Test Period then last ended of Incremental Term Loans and/or Incremental Equivalent Debt specified by Holdings in its sole discretion from time to time and (b) any Incremental Term Loans with a maturity date on or after May 18, 2027.

Specified Incremental Term Loans and, such commitments, “Specified Incremental Term Loan Commitments”).

Specified Incremental Term Loans means Incremental Term Loans (a) that have a stated Maturity Date no earlier than ninety-one (91) days after the Latest Maturity Date of any Loans or Revolving Credit Commitments outstanding at the time of incurrence of such Incremental Term Loans, (b) that have a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of any Loans or Revolving Credit Commitments outstanding at the time of incurrence of such Incremental Term Loans, (c) the proceeds of which are used by the Borrower, substantially concurrently with the incurrence thereof, to prepay the Specified Senior Secured Notes or Permitted Additional First Priority Debt in an aggregate principal amount, together with the aggregate principal amount of Specified Senior Secured Notes prepaid with the proceeds of such Incremental Term Loans, not to exceed the aggregate principal amount of Specified Senior Secured Notes outstanding on the Third Restatement Effective Date and (d) that are otherwise incurred in accordance with, and satisfy the other conditions set forth in, Section 2.14; provided that Incremental Term Loans constituting Specified Incremental Term Loans when incurred shall not cease to constitute Specified Incremental Term Loans as a result of the subsequent extension of the Latest Maturity Date of any Loan or Revolving Credit Commitment.

Specified Incremental Term Loans means any and all Incremental Term Loans that are incurred prior to the repayment in full of the Term Loans that are incurred on the Effective Date.

Specified Incremental Term Loans has the meaning set forth in the Second Supplemental Indenture.

Specified Incremental Term Loans means Incremental Term Loans (a) that have a stated Maturity Date no earlier than ninety-one (91) days after the Latest Maturity Date of any Loans or Revolving Credit Commitments outstanding at the time of incurrence of such Incremental Term Loans, (b) that have a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of any Loans or Revolving Credit Commitments outstanding at the time of incurrence of such Incremental Term Loans, (c) the proceeds of which are used by the Borrower to prepay Term Loans in compliance with