Existing ABL Incremental Facility definition

Existing ABL Incremental Facility means an incremental facility under the Existing ABL Facility, uncommitted as of the Closing Date, permitting the incurrence of up to an additional $20,000,000 of Indebtedness under the Existing ABL Facility subject to the terms of the Intercreditor Agreement.

Related to Existing ABL Incremental Facility

  • Incremental Facility has the meaning specified in Section 2.16(a).

  • Incremental Facility Amendment has the meaning assigned to such term in Section 2.20(f).

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Agent and the Borrower, among the Borrower, the Agent and one or more Incremental Lenders, establishing Incremental Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.18.

  • Incremental Facilities has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Incremental Commitments has the meaning set forth in Section 2.14(a).

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Incremental Commitment Agreement means each Incremental Commitment Agreement in the form of Exhibit R (appropriately completed) executed and delivered in accordance with Section 2.14.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Lenders has the meaning set forth in Section 2.14(c).

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Incremental Commitment means an Incremental Term Loan Commitment or an Incremental Revolving Facility Commitment.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.