Incremental Facility Amount means, at any time the excess, if any, of (a) $400,000,000 over (b) the aggregate increase in the Commitments established prior to such time pursuant to Section 6.05.
Incremental Facility Amount means, at any time, the remainder of:
Incremental Facility Amount means (a) $50,000,000 plus (b) any additional amount, so long as, in the case of this clause (b), the Senior Secured Leverage Ratio (provided that the Senior Secured Leverage Ratio for such purpose shall exclude any cash or cash equivalents constituting proceeds of any Loans made under any proposed Incremental Commitments which may otherwise reduce the amount of Consolidated Net Debt) (i) does not exceed 4.00 to 1.00 or (ii) to the extent the proceeds of the Loans made under any proposed Incremental Commitments are to be used primarily to finance a Permitted Acquisition (including repayment of Indebtedness of any Acquired Entity or Business in connection with the consummation of such Permitted Acquisition), (x) does not exceed 4.50 to 1.00 or (y) if such Senior Secured Leverage Ratio exceeds 4.50 to 1.00, the Senior Secured Leverage Ratio is not in excess of the Senior Secured Leverage Ratio immediately prior to such incurrence of Loans made under such proposed Incremental Commitments and the consummation of such Permitted Acquisition), in each case, as of the applicable Increased Amount Date determined on a Pro Forma Basis (which, for the avoidance of doubt, shall be calculated as if any proposed New Term Loans and/or Additional Revolving Credit Commitments being incurred on such day, as applicable, had been outstanding and fully borrowed (except, with respect to the calculation of the Senior Secured Leverage Ratio pursuant to clause (ii)(y) above calculated immediately prior to such incurrence of Loans under such proposed Incremental Commitments and the consummation of such Permitted Acquisition, which shall not include such incurrence of Incremental Commitments and such Permitted Acquisition on a Pro Forma Basis)) plus (c) $239,000,000.00 in New Term B Loans to the extent made on the Sixth Amendment Effective Date. “Indebtedness” of any Person shall mean (a) all indebtedness of such Person for borrowed money, (b) the deferred purchase price of assets or services that in accordance with GAAP would be included as liabilities in the balance sheet of such Person, (c) the face amount of all letters of credit issued for the account of such Person and, without duplication, all drafts drawn thereunder, (d) all Indebtedness of a second Person secured by any Lien on any property owned by such first Person, whether or not such Indebtedness has been assumed, (e) all Capitalized Lease Obligations of such Person, (f) all obligations of such Person under interest rate...
Examples of Incremental Facility Amount in a sentence
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).
In the event the Incremental Facility Amount is approved by the Lender, it will be subject to the execution and delivery of such definitive agreements and other documentation as deemed reasonably necessary by the Lender to effectuate such increase.
The Incremental Facility Amount is uncommitted as of the Closing Date.
Such notice shall set forth (i) the amount of the additional Commitments (which shall be in minimum increments of $1,000,000 and a minimum amount of $10,000,000 or equal to the remaining Incremental Facility Amount) and (ii) the date on which such additional Commitments are requested to become effective (which shall not be less than 10 Business Days or more than 60 days after the date of such notice, unless otherwise agreed to by the Administrative Agent).
Subject to the terms of Clause 2.2 ( Incremental Facility), a Borrower may add one or more incremental facilities in an aggregate principal amount not to exceed the Maximum Incremental Facility Amount which are uncommitted on the date of this Agreement.
More Definitions of Incremental Facility Amount
Incremental Facility Amount means (i) the greater of (a) $359,000,000 (which amount shall be increased to $615,000,000 on the Engility Closing Date) or (b) 100% of EBITDA of the Borrower and its Consolidated Subsidiaries for the most recently completed four consecutive fiscal quarters ending on or prior to such date minus the aggregate amount of all Incremental Term Commitments and Incremental Revolving Credit Commitments established prior to such time pursuant to Section 2.23(b) plus (ii) such additional amounts, so long as, for the purposes of this clause (ii), either (x) after giving pro forma effect to the incurrence or issuance of any such Incremental Term Advances or Incremental Revolving Credit Commitments and the pro forma adjustments described in Section 1.07 or (y) solely in the case of the proceeds of any such Incremental Term Advances or Incremental Revolving Credit Commitments which are, concurrently with the receipt thereof, to be used by the Borrower to finance, in whole or in part, a Permitted Acquisition, after giving pro forma effect to the incurrence or issuance of any such Incremental Term Advances or Incremental Revolving Credit Commitments and the pro forma adjustments described in Section 1.07, in each case, calculated as of the date of the applicable acquisition agreement (and for the avoidance of doubt clause (ii)(x) shall not be required to be satisfied), the Senior Secured Leverage Ratio (calculated as if any Incremental Revolving Credit Commitment being incurred were fully drawn on either the effective date thereof or the date of the applicable acquisition agreement, as applicable) is equal to or less than 3.50 to 1.00.
Incremental Facility Amount shall have the meaning assigned to such term in Section 2.22(a).
Incremental Facility Amount as defined in Section 2.1.7(a).
Incremental Facility Amount means, subject to Section 2.17, an amount not to exceed (x) (i) $50,000,000, plus (ii) the aggregate principal amount of Term Loans that were voluntarily prepaid prior to the date of the applicable increase, plus (y) an unlimited amount so long as, in the case of this clause (y) after giving effect to such increase, the Consolidated Total Net Leverage Ratio is less than or equal to 2.00 to 1.00 (calculated on a Pro Forma Basis immediately after giving effect to the incurrence thereof and to any Acquisition or other Investment consummated in connection therewith).
Incremental Facility Amount has the meaning assigned thereto in Section 5.13(a).
Incremental Facility Amount means (a) $50,000,000 plus (b) any additional amount, so long as, in the case of this clause (b), the Senior Secured Leverage Ratio (provided that the Senior Secured Leverage Ratio for such purpose shall exclude any cash or cash equivalents constituting proceeds of any Loans made under any proposed Incremental Commitments which may otherwise reduce the amount of Consolidated Net Debt) does not exceed 4.00 to 1.00, as of the applicable Increased Amount Date determined on a Pro Forma Basis (which, for the avoidance of doubt, shall be calculated as if any proposed New Term Loans and/or Additional Revolving Credit Commitments being incurred on such day, as applicable, had been outstanding and fully borrowed).
Incremental Facility Amount means, at any time, the sum of: