Incremental Amount has the meaning specified in Section 2.14(a).
Incremental Amount means, at any time, the sum of:
Incremental Amount means, at the time of the establishment of the commitments in respect of the Indebtedness to be incurred utilizing this definition (or, at the option of the Borrower, at the time of incurrence of such Indebtedness), the sum of:
Examples of Incremental Amount in a sentence
Further, the Borrower may elect to use clause (y) of the Available Incremental Amount prior to using clause (x) or (z) of the Available Incremental Amount, and if both clause (y) and clause (x) and/or (z) of the Available Incremental Amount are available and the Borrower does not make an election, then the Borrower will be deemed to have elected to use clause (y) of the Available Incremental Amount.
The Borrower may elect to use clause (y) of the Available Incremental Amount regardless of whether the Borrower has capacity under clauses (x) or (z) of the Available Incremental Amount.
More Definitions of Incremental Amount
Incremental Amount means, at any time, an amount equal to the excess (if any) of (a) $150,000,000 over (b) the aggregate amount of all Incremental Term Loan Commitments and Incremental Revolving Commitments, in each case, established prior to such time pursuant to Section 2.20, but subsequent to the Amendment No. 1
Incremental Amount means, at any time, the greater of:
Incremental Amount means, at any time, the excess, if any, of (a) $75.0 million over (b) the aggregate amount of all Incremental Commitments established prior to such time pursuant to Section 2.17.
Incremental Amount means, as of any date of determination, (1) during the Covenant Relief Period, $500,000,000 and (2) thereafter, the sum of (a) $1,000,000,000 less the amount (if any) incurred pursuant to clause (1) above (the “Fixed Incremental Amount”); provided that, solely with respect to this clause (2)(a), on the date of incurrence thereof, the Company and its Restricted Subsidiaries are in compliance on a Pro Forma Basis with a Rent-Adjusted Total Net Leverage Ratio, of no greater than 6.00 to 1.00 (calculated on a Pro Forma Basis as of the end of the most recently ended Test Period (without netting any cash proceeds from such incurrence and assuming the entire amount of any Incremental Revolving Increase is fully drawn) plus (b) the maximum aggregate principal amount that can be established or incurred without causing the Rent-Adjusted Total Net Leverage Ratio after giving effect to the incurrence of any such Incremental Facility, calculated on a Pro Forma Basis as of the end of the most recently ended Test Period (without netting any cash proceeds from such incurrence and assuming the entire amount of any Incremental Revolving Increase is fully drawn), to exceed (i) if such Indebtedness is incurred prior to December 31, 2022, 4.50 to 1.00 or (ii) if such Indebtedness is incurred on or after December 31, 2022, 4.25 to 1.00 (this clause (2)(b), the “Ratio-Based Incremental Amount”). Any ratio calculated for purposes of determining the “Incremental Amount” shall be calculated subject to Section 1.11 to the extent applicable and, if the proceeds of the relevant Incremental Facility will be applied to finance an acquisition or other investments permitted under this Agreement, compliance with the Rent-Adjusted Total Net Leverage Ratio will be determined in accordance with Section 1.12.
Incremental Amount means the sum of (a) $95,250,000, (b) all voluntary prepayments of Term Loans and any voluntary commitment reductions under the Revolving Loan Commitments (limited, in the case of any voluntary prepayment in accordance with the provisions of Section 2.19 or Section 2.20, to the cash payment made by any Credit Party or Subsidiary therefor) (in each case, unless funded with long-term Indebtedness) in each case prior to the date of incurrence of any such Incremental Commitments and (c) the maximum principal amount of Indebtedness that may be incurred at such time that would not cause the Consolidated First Lien Net Leverage Ratio, determined on a Pro Forma Basis as of the last day of the most recently ended Test Period for which Section 9.01 Financials were required to have been delivered (calculated based on audited or reviewed financial statements, or to the extent such financials are not available for the most recent fiscal quarter, certified internal management accounts for such quarter), to exceed 3.25 to 1.00 (with usage of the Incremental Amount being counted under clause (c) prior to clause (a) or (b); it being understood that all such clauses may be used in the same transaction); provided that for calculating the Consolidated First Lien Net Leverage Ratio for purposes of this definition, (i) all Indebtedness (whether or not unsecured or secured on a pari passu basis with the Liens securing the Obligations or by a junior Lien) being incurred at such time pursuant to Section 2.15 or Section 10.04(xvi) in reliance on clause (c) above shall be included in Consolidated First Lien Debt and (ii) the cash proceeds of any Incremental Term Loans or Indebtedness incurred pursuant to Section 10.04(xvi) shall be excluded solely for purposes of calculating the Consolidated First Lien Net Leverage Ratio on such date.
Incremental Amount means, at any time, the excess, if any, of (a) $200.0 million over (b) the aggregate amount of all Incremental Term Loan Commitments and Incremental Revolving Facility Commitments established prior to such time pursuant to Section 2.21.
Incremental Amount means, at any time, the excess, if any, of (a) the greater of (i) $75.0 million and (ii) the excess of the Borrowing Base at such time over the amount of the Revolving Facility Commitments at such time, over (b) the aggregate amount of all Incremental Revolving Facility Commitments established prior to such time pursuant to Section 2.21.