Definition of Incremental Facility Amount


Incremental Facility Amount means, at any time, the excess, if any, of (a) $100,000,000 over (b) the aggregate increase in the Total Commitment established prior to such time pursuant to Section 2.21.
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Incremental Facility Amount means $75,000,000.

Examples of Incremental Facility Amount in a sentence

Administrative Borrower may at any time or from time to time after the Closing Date, by notice to Agent (any such notice, an "Increase Notice") (whereupon Agent shall promptly make a copy of such Increase Notice available to Lenders), request one or more increases to the Commitments (any such increase, an "Incremental Facility") in an aggregate amount not to exceed $100,000,000 (the "Maximum Incremental Facility Amount").
Each Incremental Facility shall be in an aggregate amount that is not less than $5,000,000 and shall be in an increment of $1,000,000 (provided, that such amount may be less than $5,000,000 and in lower increments if such amount represents all remaining availability under the Maximum Incremental Facility Amount).
Incremental Facility Amount shall mean, at any time, an amount equal to $500,000,000 minus the aggregate amount, if any, by which the Total Commitment shall have been increased prior to such time pursuant to Section 2.24.
Each Lender party hereto agrees to provide commitments and make Incremental Loans under an Incremental Facility in the amount set forth under such Lender's name on the signature pages hereof under the caption "Incremental Facility Amount".