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 has the meaning specified in Section 2.14(a).
Incremental Amount means, at any time, the sum of:
Examples of Incremental Amount in a sentence
Any Borrower may from time to time, upon notice to the Agent, specifying in reasonable detail the proposed terms thereof, issue one or more series of secured notes ranking pari passu in right of payment and security with the Facilities (such notes, collectively, “ Incremental Notes”) in an aggregate amount not to exceed the Incremental Amount (which shall be in minimum increments of $5,000,000 and a minimum amount of$25,000,000 or equal to the remaining Incremental Amount).
More Definitions of Incremental Amount
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:
Incremental Amount means, at any time, the greater of:
Incremental Amount means, at any time, an amount equal to (a) the remaining Incremental Fixed Amount at such time, plus (b) an amount such that, at the time of the incurrence of the applicable Incremental Facility, (i) at all times prior to the Optional Release Date and the satisfaction of the Optional Release Conditions, the Net Total Secured Leverage Ratio determined for the Test Period most recently ended for which the financial statements and Compliance Certificate delivered to the Agent under Section 5.01(a)(i) or (ii), and Section 5.01(a)(iii) hereof, most immediately preceding the date of such increase, on a Pro Forma Basis, after giving effect to such Incremental Term Advances or Incremental Revolving Credit Commitments, and the application of the proceeds therefrom on such date (and assuming that the entire aggregate principal amount of all Incremental Revolving Credit Commitments (both previously obtained and then-requested) have been borrowed), shall not be greater than 3.00:1:00 and (ii) at all times after the Optional Release Date and the satisfaction of the Optional Release Conditions, the Net Total Leverage Ratio determined for the Test Period most recently ended for which the financial statements and Compliance Certificate delivered to the Agent under Section 5.01(a)(i) or (ii), and Section 5.01(a)(iii) hereof, most immediately preceding the date of such increase, on a Pro Forma Basis, after giving effect to such Incremental Term Advances or Incremental Revolving Credit Commitments, and the application of the proceeds therefrom on such date (and assuming that the entire aggregate principal amount of all Incremental Revolving Credit Commitments being provided at such time have been borrowed), shall not be greater than 3.50:1:00, plus (c) the aggregate amount of all (i) voluntary prepayments of any Term Borrowings under the Term A Facility, the Sterling Term A Facility, any Incremental Term Facility established as a “term A” facility or any Incremental Notes (with, in the case of any prepayments made below par, such amount deemed not to exceed the actual cash purchase price of the Indebtedness prepaid) and (ii) any voluntary permanent commitment reductions under any Revolving Credit Facility or Incremental Revolving Credit Facility, in each case other than from the proceeds of long-term Indebtedness. It is understood and agreed that, for purposes of calculating the available Incremental Amount, amounts borrowed pursuant to the Incremental Fixed Amount shall be ...
Incremental Amount means, at any time, the excess, if any, of (a) the Incremental Commitment Cap over (b) the aggregate amount of all Incremental Commitments established prior to such time pursuant to Section 2.22.
Incremental Amount means, at any time, the excess, if any, of (a) the greater of (i) $50.0 million and (ii) the excess (if any) of the Global Borrowing Base at such time over the amount of the then-effective Total 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 (other than Incremental Revolving Facility Commitments in respect of Extended Revolving Facility Commitments).
Incremental Amount. (w) the greater of (i) $260,000,000 and (ii) 100% of Consolidated EBITDA for the four fiscal quarter period most recently ended for which financial statements have been delivered pursuant to Section 6.1 (which amount, in either case, shall not be reduced by any amount incurred pursuant to the immediately succeeding clauses (x) through (z)) plus (x) in the case of an Incremental Facility that effectively replaces any Commitments or Loans under the Facilities terminated pursuant to Section 2.24(b)(y) (including with respect to any Incremental Facility), an amount equal to the portion of the relevant terminated Commitments or Loans plus (y) an amount equal to all voluntary prepayments of Term Loans or Incremental Equivalent Debt (as defined below) secured on a pari passu basis with the Term Facility and voluntary prepayments of Revolving Loans to the extent such prepayments result in the permanent termination of commitments thereof (in each case, to the extent not financed with proceeds from the incurrence of Long-Term Indebtedness) plus (z) an unlimited amount, so long as, after giving effect to such incurrence or issuance (and after giving pro forma effect to the incurrence of the entire committed amount of such additional amount and any acquisition consummated concurrently therewith (including any Pro Forma Adjustments) and any other pro forma adjustment events permitted hereunder) as if such incurrence or issuance had occurred on the first day of such fiscal quarter and without netting of any cash constituting proceeds of such incurrence or issuance, (i) if such Incremental Facility ranks pari passu in right of security to the Facilities, the Consolidated First Lien Leverage Ratio as of the most recently ended fiscal quarter prior to the incurrence of any Incremental Commitment or issuance of Incremental Equivalent Debt, calculated on a pro forma basis, is equal to or less than the greater of (1) 4.00:1.00 and (2) if incurred in connection with a Permitted Acquisition, the Consolidated First Lien Leverage Ratio as in effect immediately prior to incurrence of such Incremental Commitment or Incremental Equivalent Debt and (ii) if such Incremental Facility ranks junior in right of security to the Facilities or is unsecured, the Consolidated Total Leverage Ratio as of the most recently ended fiscal quarter prior to the incurrence of any Incremental Commitment or issuance of Incremental Equivalent Debt, calculated on a pro forma basis, is equal to or less than...
Incremental Amount means, at any time, the sum of