Incremental Facility Commitment definition

Incremental Facility Commitment has the meaning provided in Section 2.01(e)(iii).
Incremental Facility Commitment means a commitment to an Incremental Facility.
Incremental Facility Commitment as to any Lender, the obligation of such Lender, if any, to make Incremental Loans in an aggregate principal amount not to exceed the amount set forth in the applicable Incremental Facility Activation Notice or in the Assignment and Acceptance or New Lender Supplement pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof.

Examples of Incremental Facility Commitment in a sentence

  • Each Lender shall have the right, but not the obligation, to participate in any Incremental Facility Commitment on a pro rata basis.

  • The decision of any Lender to make an Incremental Facility Commitment to the Borrower shall be at such Lender's sole discretion and shall be made in writing.

  • The undersigned agrees to be bound by the provisions of the Credit Agreement, and agrees that it shall, on the date this Supplement is accepted by the Borrower and the Administrative Agent, become a Bank for all purposes of the Credit Agreement as of the Second Amendment Effective Date, to the same extent as if originally a party thereto, with an Incremental Facility Commitment set forth on Schedule 1.1(A) of the Credit Agreement.

  • Each Participating Lender under an Incremental Facility Proposal shall notify the Company and the Agent of its offer of an increased proposed Incremental Facility Commitment (if any) pursuant to paragraph (f) above no later than 5:00 p.m. on the day falling 5 Business Days after the last day of the Incremental Facility Solicitation Period relating to that Incremental Facility Proposal.

  • Incremental Facility Advances shall be requested by the Borrower pursuant to a request (which shall be in substantially the form of a Request for Advance) delivered in the same manner as a Request for Advance, but shall be funded pro rata only by those Lenders holding the Incremental Facility Commitment.


More Definitions of Incremental Facility Commitment

Incremental Facility Commitment means the commitment of any Lender or Lenders to make advances to the Borrower in accordance with Section 2.14 hereof. The Borrower may obtain Incremental Facility Commitments from more than one Lender, which commitments shall be several obligations of each such Lender.
Incremental Facility Commitment means the commitment of any Lender or Lenders to make advances to the Borrower in accordance with Section 2.15 hereof (the Borrower may obtain Incremental Facility Commitments from more than one Lender, which commitments shall be several obligations of each such Lender); and "Incremental Facility Commitments" shall mean the aggregate of the Incremental Facility Commitments of each Lender.
Incremental Facility Commitment means, for each Incremental Facility ------------------------------- Lender, and for any Series thereof, the obligation of such Incremental Facility Lender to make Incremental Facility Loans of such Series (as the same may be reduced from time to time pursuant to Section 2.04 or 2.10 hereof or increased or reduced from time to time pursuant to assignments permitted under Section 11.06(b) hereof). The amount of each Lender's Incremental Facility Commitment of any Series shall be determined in accordance with the provisions of Section 2.01(d) hereof. The aggregate amount of the Incremental Facility Commitments of all Series shall not exceed $50,000,000.
Incremental Facility Commitment means the commitment of any Person or Persons (which may be Lenders) to make Term Loans to the Borrower in accordance with such commitment and such applicable Notice of Incremental Facility Commitment (provided that, if the Borrower obtains an Incremental Facility Commitment from more than one Person, such commitments shall be several obligations of each such Person); and “Incremental Facility Commitments” shall mean the aggregate of the Incremental Facility Commitments with respect to all Incremental Facilities.
Incremental Facility Commitment means the commitment of any of the Incremental Facility Lenders to make Incremental Facility Loans to the Borrowers in accordance with Section 2.14 hereof. The Borrowers may obtain Incremental Facility Commitments on a joint and several basis from more than one Incremental Facility Lender, which commitments shall be several obligations of each such Incremental Facility Lender.
Incremental Facility Commitment means the commitment of any Lender or Lenders to make advances to the Borrower in accordance with Section 2.14 hereof (the Borrower may obtain Incremental Facility Commitments from more than one Lender, which commitments shall be several obligations of each such Lender); and "INCREMENTAL FACILITY COMMITMENTS" shall mean the aggregate of the Incremental Facility Commitments of each Lender.
Incremental Facility Commitment of any Series means, with respect to each Lender, the commitment, if any, of such Lender to make Incremental Facility Loans of such Series, as such commitment may be (a) reduced from time to time pursuant to Section 2.07 or 2.09(b) and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The amount of each Lender's Incremental Facility Commitment of any Series shall be determined in accordance with the provisions of Section 2.01(e). The aggregate amount of the Incremental Facility Commitments of all Series shall not exceed U.S. $50,000,000.