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

• Any proposed Incremental Lender offered or approached to provide all or a portion of any Incremental Commitment may elect or decline, in its sole discretion, to provide such Incremental Commitment.

• Each such notice shall specify the date (each, an “Increased Amount Date”) on which the Borrower proposes that any Incremental Commitment shall be effective, which shall be a date not less than five (5) Business Days (or such shorter period as the Administrative Agent may agree to) after the date on which such notice is delivered to the Administrative Agent.

• The Borrower may invite any Lender, any Affiliate of any Lender and/or any Approved Fund, and/or any other Person reasonably satisfactory to the Administrative Agent, to provide an Incremental Commitment (any such Person, an “Incremental Lender”).

• Each Increasing Lender shall as soon as practicable, and in any case within 15 days following receipt of such notice (unless such notice requirement is waived by the Administrative Agent as set forth above), specify in a written notice to the Borrower and the Administrative Agent the amount of such proposed Incremental Commitment that it is willing to provide.

• Upon the effectiveness of any such Incremental Commitment, the Commitments and Pro Rata Share of each Lender will be adjusted to give effect to the Incremental Commitments, and Schedule II shall automatically be deemed amended accordingly.

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

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