Incremental Facilities definition
Examples of Incremental Facilities in a sentence
Incremental Facilities will rank either pari passu or junior in right of payment with the Amendment No. 12 Term Loans and will be either unsecured or secured by Liens that secure the Amendment No. 12 Term Loans on a pari passu or junior basis, in each case as set forth in the applicable Incremental Facility Amendment.
Final allocations in respect of any Incremental Facilities will be made by the Borrower together with the arrangers thereof, if any, in their discretion, in accordance with this Section 2.18.
On the Fifth Amendment Effective Date, immediately after giving effect to this Agreement and the Incremental Facilities effected hereby, the Applicable Percentages with respect to each Lender shall be as set forth on Annex A hereto.
The aggregate principal amount of Incremental Facilities incurred pursuant to this Section 2.18 together with the aggregate principal amount of Incremental Equivalent Term Debt incurred pursuant to Section 6.01(1) will not exceed, in the aggregate, an amount equal to (a) the Incremental Fixed Amount plus (b) the Incremental Ratio Amount (the sum of the Incremental Fixed Amount and the Incremental Ratio Amount, the “Incremental Amount”).