Increased Facility Closing Date definition

Increased Facility Closing Date any Business Day designated as such in an Increased Facility Activation Notice.

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Increased Facility Closing Date as defined in Section 2.21.

Increased Facility Closing Date any Business Day after the Seventh Amendment Effective Date designated as such in an Increased Facility Activation Notice.

Examples of Increased Facility Closing Date in a sentence

• Upon execution and delivery of this New Lender Supplement by the parties hereto as provided in Section 2.21 of the Credit Agreement, the undersigned hereby becomes a Lender thereunder having the Commitment set forth in Schedule 1 attached hereto and shall be bound by the obligations in the Credit Agreement as a Lender and entitled to the benefits of the Credit Agreement, effective as of the Increased Facility Closing Date.

• In the case of any extension of credit made on an Increased Facility Closing Date, the Administrative Agent shall have received such documents and information as it may reasonably request.

• If on such Increased Facility Closing Date there are any Loans outstanding, the Administrative Agent shall take those steps which it deems, in its sole discretion and in consultation with the Company, necessary and appropriate to result in each Bank (including each New Bank) having a pro-rata share of the outstanding Loans based on each such Bank’s Commitment Percentage immediately after giving effect to such increase in Commitments.

• On each Increased Facility Closing Date, the Borrower shall make such Borrowings and/or prepayments of Loans such that, after giving effect thereto, the Revolving Credit Exposure of each Lender shall be the same percentage of such Lender's Commitment as the Revolving Credit Exposure of each other Lender is of such other Lender's Commitment.

• The Administrative Agent shall have received all fees required to be paid on or before the Increased Facility Closing Date and all expenses for which invoices have been presented (including the reasonable fees and expenses of legal counsel to the Administrative Agent) on or before the Increased Facility Closing Date.

More Definitions of Increased Facility Closing Date

Increased Facility Closing Date means any Business Day designated as such in an Increased Facility Activation Notice. “Incremental Commitments” has the meaning set forth in Section 2.24(a). “Indebtedness” means of any Person at any date, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations of such Person for the deferred purchase price of property or services, (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all indebtedness created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property), (e) all Finance Lease Obligations of such Person, (f) all obligations of such Person, contingent or otherwise, as an account party or applicant under or in respect of acceptances, letters of credit, surety bonds or similar arrangements, (g) the liquidation value of all Disqualified Capital Stock of such Person, (h) all Guarantee Obligations of such Person in respect of obligations of the kind referred to in clauses (a) through (g) above, (i) all obligations of the kind referred to in clauses (a) through (h) above secured by (or for which the holder of such obligation has an existing right, contingent or otherwise, to be secured by) any Lien on property (including accounts and contract rights) owned by such Person, whether or not such Person has assumed or become liable for the payment of such obligation (but only to the extent of the lesser of (i) the amount of such Indebtedness and (ii) the fair market value of such property), and (j) for the purposes of Section 8(e) only, all obligations of such Person in respect of Swap Agreements; provided that Indebtedness shall not include (i) trade payable and accrued expenses incurred in the ordinary course of business and not more than 120 days overdue, (ii) ordinary course intercompany liabilities having a term not exceeding 365 days (inclusive of any roll-over or extension of terms) or any other ordinary course intercompany liabilities not constituting Specified Indebtedness, (iii) prepaid or deferred revenue arising in the ordinary course of business, (iv) purchase price holdbacks arising in the ordinary course of business in respect of a portion of the purchase price of an asset to satisfy unperformed obligations of the seller of such ...

Increased Facility Closing Date means any Business Day designated as such in an Increased Facility Activation Notice. “Incremental ABL Commitments” shall mean any incremental revolving commitments incurred under the ABL Credit Agreement, in an

Increased Facility Closing Date means any Business Day designated as such in an Increased Facility Activation

Increased Facility Closing Date means any Business Day designated as such in an Increased Facility Activation Notice, or on which a New Lender Supplement becomes effective, as the case may be.

Increased Facility Closing Date means any Business Day designated as such in an Increased Facility Activation Notice. “Incremental Commitments” has the meaning set forth in Section 2.24(a). 37

Increased Facility Closing Date means any Business Day designated as such in an Increased Facility Activation Notice. “Incremental Amount” means, as of any date of determination, the lesser of (a) the amount of additional Senior Secured Debt that

Increased Facility Closing Date means any Business Day designated as such in an Incremental Assumption Agreement.