Increased Facility Closing Date definition

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

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.

• 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.

• 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.

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

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 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 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, or on which a New Lender Supplement becomes effective, as the case may be.

Increased Facility Closing Date as defined in Section 2.21. “Indebtedness”: of any Person at any date, without duplication, (a) all liabilities and obligations, contingent or otherwise, of such Person, (i) in respect of borrowed money, (ii) evidenced by bonds, notes, debentures or similar instruments, (iii) representing the balance deferred and unpaid of the purchase price of any property or services, except those incurred in the ordinary course of its business that would constitute ordinarily a trade payable to trade creditors (but specifically excluding from such exception the deferred purchase price of Real Property Inventory), (iv) evidenced by bankers’ acceptances, (v) consisting of obligations, whether or not assumed, secured by Liens or payable out of the proceeds or production from property now or hereafter owned or acquired by such Person, except Xxxxx described in clauses (b)-(f) of the definition of “Permitted Liens”, so long as the obligations secured thereby are not more than sixty (60) days delinquent, (vi) consisting of Capitalized Lease Obligations (including any Capitalized Leases entered into as a part of a sale/leaseback transaction), (vii) consisting of liabilities and obligations under any receivable sales transactions, (viii) consisting of a Financial Letter of Credit (but excluding Performance Letters of Credit or performance or surety bonds) or a reimbursement obligation of such Person with respect to any Financial Letter of Credit (but excluding Performance Letters of Credit or performance or surety bonds), (ix) consisting of the net obligations of such Person with respect to any Hedging Obligations, (x) consisting of Off-Balance Sheet Liabilities or (xi) consisting of Contingent Obligations; and (b) obligations of such Person to purchase Securities or other property arising out of or in connection with the sale of the same or substantially similar securities or property. “Indemnified Liabilities”: as defined in Section 10.5. “Indemnitee”: as defined in Section 10.5. “Information”: as defined in Section 10.15. “Intangible Assets”: assets that are considered to be intangible assets under GAAP, including, to the extent considered to be intangible assets under GAAP, customer lists, goodwill, copyrights, trade names, trademarks, patents, franchises and licenses. “Interest Coverage Ratio”: as of any date, for a rolling period of the most recent four fiscal quarters for which financial statements are available, the ratio of (a) Consolidated EBITDA to (b) Consolidated I...

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

Increased Facility Closing Date means any Business Day designated as such in an Increased Facility Activation Notice. "Indemnified Parties" is defined in Section 11.21.

Increased Facility Closing Date has the meaning specified in Section 2.8(a).