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

• Incremental Commitments may be provided by any existing Lender (it being understood that no existing Lender will have an obligation to establish any Incremental Commitment or to make all or any portion of any Loans thereunder) or by any Additional Lender on terms permitted by this Section 2.25.

• Final allocations in respect of any Incremental Commitment will be made by the Parent Borrower together with the arrangers thereof, if any, in their discretion, on the terms permitted by this Section 2.25.

• CPS shall have paid to the Lenders their Pro Rata Share of the Incremental Commitment of the Second Amendment Fee pursuant to the Fee Letter.

• 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 Commitment and the Loans evidenced thereby.

• Existing Lenders shall be granted an opportunity to participate in any Incremental Commitment on a pro rata basis subject to reasonable notice and response periods to be determined by the Parent Borrower, with any portions not elected by such Lenders to be provided on the proposed terms being able to be offered by the Parent Borrower to any other Lender or Additional 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 as defined in Section 2.25(a)(i).

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 means the commitment of any Lender, established pursuant to Section 2.20, to make Incremental Revolving Facility Loans to any Borrower.