Incremental Advances definition
Incremental Advances means advances made by one or more Incremental Lenders to the Company pursuant to this Agreement. Incremental Advances may be made in the form of additional Revolving Loan Advances, Tranche A1 Advances, Tranche A2 Advances, Term Loan B Advances or, to the extent permitted by Section 2.20 and provided for in the relevant Incremental Assumption Agreement, as Other Term Loan Advances.
Incremental Advances means the Incremental Revolving Credit Advances and the Incremental Term Advances.
Incremental Advances has the meaning specified in Section 2.01(4).
Examples of Incremental Advances in a sentence
Each of the parties hereto hereby agrees that, upon the effectiveness of any Incremental Amendment, this Agreement and the other Loan Documents, as applicable, will be amended to the extent necessary to reflect the existence and terms of the Incremental Facility and the Incremental Advances evidenced thereby.
The Borrower may use the proceeds of the Incremental Advances for any purpose not prohibited by this Agreement.
More Definitions of Incremental Advances
Incremental Advances has the meaning set forth in Section 2.04(a).
Incremental Advances means the Incremental Revolving Credit Advances and the Incremental Term Advances. “Incremental Assumption Agreement” means an Incremental Assumption Agreement among, and in form and substance reasonably satisfactory to, the Borrower, the Agent and one or more Incremental Lenders. “Incremental Commitment” means, with respect to any Lender, such Lender’s Incremental Revolving Credit Commitment and Incremental Term Commitment. “Incremental Facility Amount” means (i) the greater of (a) $359,000,000 (which amount shall be increased to $615,000,000 on the Engility Closing Date) or (b) 100% of EBITDA of the Borrower and its Consolidated Subsidiaries for the most recently completed four consecutive fiscal quarters ending on or prior to such date minus the aggregate amount of all Incremental Term Commitments and Incremental Revolving Credit Commitments established prior to such time pursuant to Section 2.23(b) plus (ii) such additional amounts, so long as, for the purposes of this clause (ii), either (x) after giving pro forma effect to the incurrence or issuance of any such Incremental Term Advances or Incremental Revolving Credit Commitments and the pro forma adjustments described in Section 1.07 or (y) solely in the case of the proceeds of any such Incremental Term Advances or Incremental Revolving Credit Commitments which are, concurrently with the receipt thereof, to be used by the Borrower to finance, in whole or in part, a Permitted Acquisition, after giving pro forma effect to the incurrence or issuance of any such Incremental Term Advances or Incremental Revolving Credit Commitments and the pro forma adjustments described in 24 [[8006820]]
Incremental Advances. (the " Incremental Facility ") in a maximum aggregate amount of US$360 million minus the outstanding principal amount of the U.S. Term Advance and the Canadian Term Advance; (d) an "ABL Facility" in an amount of up to US$600 million less the outstanding principal amount of the BI DIP Facility; (e) borrowings by ABH and BI under the BI DIP Facility are guaranteed by ABH, BI and each direct and indirect wholly-owned subsidiary of BI and BNSLLC organized under the laws of a state of the United States of America and which is a U.S. Debtor (the "Guarantors") and secured by a) second priority security interests in all assets securing the U.S. Credit Agreement and b) first priority security interests in all assets including, without limitation, all assets consisting of and located on the BI Group's properties in Catawba, South Carolina and ▇▇▇▇▇▇▇, Tennessee; and (f) borrowings by BCFPI are guaranteed by ABH, BI, BNSLLC and the Guarantors and are secured by the assets of the Bowater Petitioners and Partnerships. The security interest extends, as applicable, to the Bowater Petitioners' and Partnerships' inventory, accounts, equipment, intangibles, deposit accounts, investment property and real estate. The amount borrowed by BCFPI under the DIP Facility will be secured by inter alia, a court-ordered charge on the Bowater Petitioners' property ranking in priority to all other liens, charges and security interests, but subordinate to the Bowater Administration Charge, a portion of the BI D&O Charge and the security interests securing the Canadian Credit Agreement.
Incremental Advances has the meaning set forth in Section 2.1(a). -------------------- --------------
Incremental Advances means Advances made by one or more Incremental Lenders to the Borrower pursuant to this Agreement. Incremental Advances shall be made in the form of additional Term Advances.
Incremental Advances has the meaning specified in Section 2.23(a).
Incremental Advances means the Incremental Revolving Credit Advances and the Incremental Term Advances. “Incremental Assumption Agreement” means an Incremental Assumption Agreement among, and in form and substance