Incremental Amendment definition

Incremental Amendment has the meaning set forth in Section 2.14(f).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Incremental Amendment as defined in Section 2.19(c).

Incremental Amendment shall have the meaning assigned to such term in Section 2.24(b).

Examples of Incremental Amendment in a sentence

• The Incremental Amendment may, without the consent of any other Loan Party, Agent or Lender, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrowers, to effect the provisions of this Section 2.14.

• In connection with any Incremental Amendment, the Borrowers shall, if reasonably requested by the Administrative Agent, deliver customary reaffirmation agreements and/or such amendments to the Collateral Documents as may be reasonably requested by the Administrative Agent in order to ensure that such Incremental Loans are provided with the benefit of the applicable Loan Documents.

• The Incremental Amendment No. 15 Replacement Term Loan Commitment of each Term Lender on the Incremental Amendment No. 15 Effective Date shall be automatically and permanently reduced to $0 upon the making of such ▇▇▇▇▇▇’s Incremental Amendment No. 15 Replacment Term Loans to the Borrowers pursuant to Incremental Amendment No. 15 .The Revolving Commitment of each Revolving Lender shall automatically and permanently terminate on the Maturity Date for the applicable Revolving Facility.

• The Incremental Amendment may, without the consent of any other Credit Party or Lender, effect such amendments to this Agreement and the other Credit Documents as may be necessary or appropriate to effect the provisions of this Section 2.07, including amendments as deemed necessary by the Administrative Agent to address technical issues relating to funding and payments.

More Definitions of Incremental Amendment

Incremental Amendment has the meaning assigned to such term in Section 2.01(c).

Incremental Amendment means an Incremental Amendment among the applicable Borrower, the Agent and one or more Incremental Term Lenders entered into pursuant to Section 2.8.

Incremental Amendment means an amendment to this Agreement among Borrower, the Administrative Agent and each Lender or Eligible Transferee providing the Incremental Commitments to be established thereby, which amendment shall be not inconsistent with Section 2.15.

Incremental Amendment means an amendment to this Agreement that is reasonably satisfactory to the Administrative Agent (solely for purposes of giving effect to Section 2.20) and the Borrower executed by each of (a) the Borrower, (b) the Administrative Agent and (c) each Lender that agrees to provide all or any portion of the Incremental Term Facility being incurred pursuant thereto and in accordance with Section 2.20.

Incremental Amendment has the meaning assigned thereto in Section 5.13(d).

Incremental Amendment means an amendment to this Agreement, executed by the Borrower, each Incremental Revolving Credit Lender or Incremental Term Loan Lender providing an Incremental Revolving Credit Commitment or an Incremental Term Loan Commitment, as applicable, and the Administrative Agent.

Incremental Amendment has the meaning provided in Section 2.05(c) (Incremental Commitments).