Accordion Option definition

Accordion Option means, on any date prior to the termination of the Reinvestment Period on which the aggregate outstanding principal amount of the Advances is at least equal to U.S.$155,000,000, the option of the Company to request in writing (which may be by email) (an "Accordion Option Request") from the Administrative Agent and the Financing Providers an increase of the Financing Commitments to U.S.$235,000,000.
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Accordion Option. Has the meaning set forth in Section 7.20.
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Accordion Option means, on any date prior to the termination of the Reinvestment Period on which the aggregate outstanding principal amount of the Advances is at least equal to U.S.$400,000,000, the option of the Company to request in writing (which may be by email) (each an “Accordion Option Request”) from the Administrative Agent and the Lenders an increase of the Financing Commitments to up to U.S.$750,000,000; provided that the amount of each Accordion Option Request shall be not less than U.S.$25,000,000.
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Examples of Accordion Option in a sentence

  • The Repeating Representations are deemed to be made by each Obligor by reference to the facts and circumstances then existing on the date of each Utilisation Request, the first day of each Interest Period, the date of each Accordion Option Notice and on each Accordion Option Increase Date.

  • On August 10, 2020, in anticipation of the closing of the acquisition of Laureate's Australia and New Zealand operations, the Company exercised the Accordion Option by entering into a supplement agreement with certain lenders under the Amended Credit Facility, which increased the total commitments under the Revolving Credit Facility from $250 million to $350 million.

  • Bank may rely on any certificate, report, or representation made by any Borrower as made on behalf of, and binding on, all Borrowers, including without limitation any Disbursement Request Forms, Borrowing Base Certificates, Compliance Certificates, and Accordion Option Request.

  • Please refer to the Division of Retirement’s “Pension Plan Employer Handbook” for information about employee eligibility and payroll reporting requirements and format.

  • The revolving credit facility includes an Accordion Option, under which Centaur Media may request, subject to certain conditions including Lender credit committee approval and no default having occurred, an increase in the size of the facility by an amount of up to £25 million.

  • The Accordion Option shall expire and terminate on the Termination Date.

  • Physically 161 speaking kg expresses how much surrounding quanta will depart from the energy density of the vacuum 162 when at energetic balance in the vicinity of a particle.30,31‌ 163 The action characterized at any point by its three Cartesian components, (Eq. 3), implicitly identifies 164 dimensionality of space as three.

  • Accordion Option shall have the meaning given such term in Section 2.02(i) hereof.

  • Any increase in the Term Loan Limit in connection with the exercise of the Accordion Option may be accomplished by (i) increasing the Term Loan Limit with respect to the Term Loan then outstanding (the "Original Term Loan"), or (ii) the making of a Term Loan upon terms and conditions different than the Original Term Loan.

  • Loans* (billion euro) Other Corporates Individuals 32.0 31.7 18.317.9 1.1 1 11.92008 2009 Including securitization and guarantees The amount of credit offered to individual borrowers totalled €18.3 billion, (an increase of 2 per cent.


More Definitions of Accordion Option

Accordion Option means the option available to the Borrower (in accordance with Clause 2.6 (Accordion option)) to request an increase in the Total Commitments.
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Accordion Option means the option described in Clause 2.2 (The Accordion Option).
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Accordion Option means, on any date during the Reinvestment Period on which the aggregate outstanding principal amount of the Advances is at least equal to U.S.$175,000,000, the option of the Company to request in writing (which may be by email) (an "Accordion Option Request") from the Administrative Agent and the Financing Providers (with a copy to the Collateral Agent and the Collateral Administrator and which may be by email) an increase of the Financing Commitments to up to U.S.$275,000,000 (or such lesser amount as is acceptable to the Administrative Agent and the Financing Providers); provided that any Accordion Option Request shall be in an amount not less than U.S.$25,000,000 (or such lesser amount as is acceptable to the Administrative Agent and the Financing Providers).
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Accordion Option shall have the meaning assigned to such term in Section 2.4 of this Agreement.
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Accordion Option shall have the meaning set forth in Section 2.6.
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Related to Accordion Option

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.

  • First Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Renewal Option has the meaning set forth in §12.1.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Purchase Option Notice As defined in Section 3.18(e).

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • Option means a stock option granted pursuant to the Plan.

  • First Option has that meaning set out in Section 3.1 (a);

  • Option to Extend has the meaning given that term in Section 2.13.

  • Replacement Option has the meaning set forth in Section 3.06.

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Exercise Notice Deadline In respect of any exercise of Options hereunder on any Conversion Date, the “Scheduled Trading Day” prior to the scheduled first “VWAP Trading Day” of the “Observation Period” (each as defined in the Indenture, but, in the case of any such Observation Period, as modified by the provision set forth opposite the caption “Convertible Security Settlement Method”) relating to the Convertible Securities converted on the Conversion Date occurring on the relevant Exercise Date; provided that in the case of any exercise of Options hereunder in connection with the conversion of any Relevant Convertible Securities on any Conversion Date occurring during the period starting on and including June 4, 2020 and ending on and including the second “Scheduled Trading Day” immediately preceding the “Maturity Date” (each as defined in the Indenture) (the “Final Conversion Period”), the Exercise Notice Deadline shall be noon, New York City time, on the “Scheduled Trading Day” (as defined in the Indenture) immediately preceding the “Maturity Date” (as defined in the Indenture).

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Option 1 [X] Yes, but only with respect to a Contributing Participant's Elective Deferrals.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Completion Notice means a notice issued by the Developer in accordance with clause 6.1.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of: