Base Incremental Amount definition

Base Incremental Amount means, as of any date, an amount equal to (a) $250,000,000 less (b) the sum of (i) the aggregate amount of Incremental Commitments established pursuant to Section 2.21 prior to such date in reliance on the Base Incremental Amount and (ii) the aggregate original principal amount of Alternative Incremental Facility Indebtedness incurred pursuant to Section 6.01(l) prior to such date in reliance on the Base Incremental Amount.

Base Incremental Amount as of any date, an amount equal to $125,000,000 less (b) the aggregate principal amount of Incremental Term Loans and Incremental Equivalent Debt established prior to such date in reliance on the Base Incremental Amount.

Base Incremental Amount means, as of any date, an amount equal to (a) $100,000,000 less (b) the sum of (i) the aggregate amount of all Incremental Commitments extended prior to such date in reliance on the Base Incremental Amount and (ii) the aggregate principal amount of all Incremental Equivalent Debt incurred prior to such date in reliance on the Base Incremental Amount.

Examples of Base Incremental Amount in a sentence

• The latter is of particular importance since it allows us to save plenty of time in the data processing phase and also guarantees a higher precision of the virtual model in comparison to the real model.On the contrary, the model developed with the DAVID presents a huge amount of holes and, due to its big size, this makes it almost impossible to fix.

• That denial, and its resulting dramatic defunding of ABC-CCC and similar groups, is wholly a functionSB 954 is not a government subsidy of private speech.

• Base Incremental Amount: as of any date, an amount equal to (a) $25,000,000 less (b) the aggregate principal amount of Incremental Term Commitments established prior to such date under the Term Loan Agreement in reliance on the Base Incremental Amount less (c) the aggregate principal amount of Alternative Incremental Debt established prior to such date in reliance on the Base Incremental Amount.

• For example, if the Borrower incurs Indebtedness under the Base Incremental Amount on the same date that it incurs Indebtedness under the Maximum Incremental Amount, then the Consolidated Leverage Ratio, the Consolidated Secured Leverage Ratio and the Consolidated Senior Secured Leverage Ratio and any other applicable ratio will be calculated with respect to such incurrence under the Maximum Incremental Amount without regard to any incurrence of Indebtedness under the Base Incremental Amount.

More Definitions of Base Incremental Amount

Base Incremental Amount means (a) an amount equal to the greater of (i) $140,000,000 and (ii) 1.0% of Consolidated Total Assets as of the last day of the most recently ended Test Period calculated on a Pro Forma Basis minus (b) the aggregate principal amount of all Incremental Facilities and/or Incremental Equivalent Debt incurred or issued in reliance on the Base Incremental Amount after the First Amendment Effective Date, in each case, for the avoidance of doubt, determined after giving effect to any reclassification of such Incremental Facilities and/or Incremental Equivalent Debt permitted under this Agreement.

Base Incremental Amount means as of any date, an amount equal to (a) the greater of (i) $500,000,000 and (ii) 100% of Consolidated EBITDA calculated on a Pro Forma Basis for the Applicable Reference Period less (b) the aggregate principal amount of Incremental Term Loans and Incremental Equivalent Debt established prior to such date in reliance on the Base Incremental Amount.

Base Incremental Amount means, on any date of determination, the greater of (a) $450,000,000 and (b) 100% of Consolidated EBITDA for the four fiscal quarter period most recently ended for which Holdings has delivered financial statements pursuant to Section 5.01(a) or (b).

Base Incremental Amount means $50,000,000. For purposes hereof, the Base Incremental Amount will be deemed to be utilized by the initial $50,000,000 of Incremental Commitments effected under Section 2.21 and Alternative Incremental Facility Indebtedness incurred under Section 6.01(a)(xiii).

Base Incremental Amount means (a) an amount equal to the greater of (i) $140,000,000 and (ii) 1.0% of Consolidated Total Assets as of the last day of the most recently ended Test Period calculated on a Pro Forma Basis minus (b) the aggregate principal amount of all Incremental Facilities and/or Incremental Equivalent Debt incurred or issued in reliance on the Base Incremental Amount, in each case, for the avoidance of doubt, determined after giving effect to any reclassification of such Incremental Facilities and/or Incremental Equivalent Debt permitted under this Agreement.

Base Incremental Amount as of any date, an amount equal to (a) the greater of (x) $125,000,000 and (y) 85% of Consolidated EBITDA calculated on a Pro Forma Basis for the most recently ended four fiscal quarter period of the Parent Borrower for which financial statements are available less (b) the aggregate principal amount of Incremental Term Loans and Incremental Equivalent Debt established prior to such date in reliance on the Base Incremental Amount.

Base Incremental Amount means as of any date, (a) if the Alta Acquisition Effective Date occurs, an amount equal to (i) the greater of (A) $500,000,000 and (B) 100% of Consolidated EBITDA calculated on a Pro Forma Basis for the Applicable Reference Period less (ii) the aggregate principal amount of Indebtedness established pursuant to Section 7.2(b) or Section 7.2(t) after the Alta Acquisition Effective Date and prior to such date in reliance on the Base Incremental Amount or (b) if the Alta Acquisition Effective Date does not occur, an amount equal to (i) $150,000,000 less (ii) the aggregate principal amount of Indebtedness established pursuant to Section 7.2(b) or Section 7.2(t) after the Closing Date and prior to such date in reliance on the Base Incremental Amount.