Incremental Commitment definition

Incremental Commitment means an Incremental Term Loan Commitment or an Incremental Revolving Facility Commitment.

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Incremental Commitment means any commitment made by a lender to provide all or any portion of any Incremental Facility or Incremental Loan.

Incremental Commitment has the meaning assigned to such term in Section 2.21(1).

Examples of Incremental Commitment in a sentence

• An Incremental Commitment may be provided by any existing Lender or other Person that is an Permitted Assignee (each such existing Lender or other Person that agrees to provide an Incremental Commitment, an “Incremental Lender”); provided that each Incremental Lender shall be subject to the consent (in each case, not to be unreasonably withheld or delayed) of the Facility Agent and the Borrower.

• On the effective date of such Incremental Commitment, each Additional Lender shall become a Lender for all purposes in connection with this Agreement.

• On each Incremental Commitment Effective Date, the Facility Agent shall update and furnish to the Collateral Agent and the Borrower an updated version of Schedule 1 reflecting the then-current allocation of the Commitments after an Incremental Commitment.

• As of such Incremental Commitment Effective Date, upon the Facility Agent’s receipt of the documents required by this paragraph (d), the Facility Agent shall record the information contained in the applicable joinder agreement(s) in the form and substance approved by the Facility Agent (the “Joinder Agreement”) in the Register and give prompt notice of the increase in the Commitments to the Borrower and the Lenders (including each Incremental Lender).

More Definitions of Incremental Commitment

Incremental Commitment shall have the meaning set forth in Section 2.23.

Incremental Commitment means an Incremental Revolving Commitment or an Incremental Term Commitment.

Incremental Commitment means any commitment made by a lender to provide all or any portion of an Incremental Facility or Incremental Loans.

Incremental Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant to an Incremental Facility Agreement and Section 2.18, to make Loans hereunder, expressed as an amount representing the maximum aggregate permitted amount of such Lender’s Exposure under such Incremental Facility Agreement.

Incremental Commitment means, for any Lender, any Revolving Loan Commitment provided by such Lender after the Effective Date in an Incremental Commitment Agreement delivered pursuant to Section 2.15; it being understood, however, that on each date upon which an Incremental Commitment of any Lender becomes effective, such Incremental Commitment of such Lender shall be added to (and thereafter become a part of) the Revolving Loan Commitment of such Lender for all purposes of this Agreement as contemplated by Section 2.15.

Incremental Commitment as defined in Section 2.25(a)(i).

Incremental Commitment means the commitment of any Lender, established pursuant to Section 2.23, to make Loans to the Borrowers.