Incremental Increase Amount definition

Incremental Increase Amount shall have the meaning set forth in Section 2.22.
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Incremental Increase Amount has the meaning assigned to such term in Section 2.24(a).
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Incremental Increase Amount means (a) $300,000,000 (excluding all incremental increases prior to the Closing Date under the Existing Credit Agreement) plus (b) any additional amount, so long as, in the case of this clause (b), after giving effect to such proposed Incremental Term Loan, Revolving Facility Increase and/or Additional Revolving Facility on a Pro Forma Basis, the Secured Net Leverage Ratio does not exceed 3.25 : 1.00; provided that (x) no cash or Cash Equivalents constituting proceeds of any proposed Incremental Term Loans or Loans made under any Revolving Facility Increase or Additional Revolving Facility may be applied to reduce Consolidated Funded Debt for purposes of calculating such Secured Net Leverage Ratio, and (y) such Secured Net Leverage Ratio shall be calculated as if any proposed Incremental Term Loans and the Revolving Facility (including any proposed Revolving Facility Increase and/or Additional Revolving Facility) had been outstanding and fully borrowed.
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Examples of Incremental Increase Amount in a sentence

  • As of the First Amendment Effective Date, the available Incremental Increase Amount is $0.


More Definitions of Incremental Increase Amount

Incremental Increase Amount means, as of any date of determination, the greater of (a) the total of (i) $250,000,000 minus (ii) the aggregate amount of any Incremental Facilities incurred in reliance on clause (a)(i) prior to such date pursuant to Section 2.02(g) and (b) any amount, such that after giving effect to such Incremental Facility (assuming for such purposes that such Incremental Facility is fully drawn) on a Pro Forma Basis, the Consolidated First Lien Net Leverage Ratio as of such date does not exceed 3.25 to 1.0.
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Incremental Increase Amount the difference between the total Aggregate Exposure of all Lenders after giving effect to all Loans and Commitments provided pursuant to the Seventh Amendment and the total Aggregate Exposure of all Lenders immediately prior to the Seventh Amendment Effective Date; provided that the Incremental Increase Amount shall not exceed $250,000,000.
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Incremental Increase Amount shall have the meaning set forth in Section 2.2(a). 1551155352.2 DMSLIBRARY01\31771180.v14 UNIVERSAL HEALTH REALTY INCOME TRUST FIRST AMENDMENT TO CREDIT AGREEMENT
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Incremental Increase Amount shall have the meaning set forth in Section 2.22(a). “Incremental Term B-1 Commitment” shall have the meaning assigned thereto in the Fifth Amendment. The aggregate amount of the Incremental Term B-1 Commitments as of the Fifth Amendment Effective Date is $75,000,000. “Incremental Term B-1 Facility” shall mean the Incremental Term B-1 Commitments and the Incremental Term B-1 Loans. “Incremental Term B-1 Lender” shall mean each Incremental Term Loan Lender with an Incremental Term B-1
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Incremental Increase Amount is defined in Section 2.2(e)(i)
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Incremental Increase Amount is defined in Section 2.2(e)(i)
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Related to Incremental Increase Amount

  • Incremental Increase has the meaning specified in Section 2.16(a).

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • Fixed Incremental Amount shall have the meaning assigned to such term in the definition of “Maximum Incremental Facilities Amount”.

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $15,000,000, minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of this Agreement.

  • Incremental Amount has the meaning specified in Section 2.14(a).

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Commitment has the meaning specified in Section 2.14(a).

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Incremental Facility Amendment has the meaning assigned to such term in Section 2.20(f).

  • Incremental Commitment means an Incremental Term Loan Commitment or an Incremental Revolving Facility Commitment.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Annual increase means, initially, fifty-nine cents per month

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).