Incremental Increases definition
Incremental Increases has the meaning specified in Section 2.14(a).
Incremental Increases has the meaning assigned thereto in Section 5.13(a)(ii).
Incremental Increases has the meaning specified in Section 2.14(a). “Incremental Ratio Amount” means, with respect to any incurrence of an Incremental Increase and/or Incremental Equivalent Debt, an unlimited amount such that after giving pro forma effect thereto (including all Incremental Increases and Incremental Equivalent Debt being incurred at such time), and after giving pro forma effect to any Acquisition, Investment or repayment of Indebtedness and all related transactions consummated in connection therewith, and assuming that the commitments in respect of the applicable Incremental Increase and/or Incremental Equivalent Debt are fully drawn (but excluding any Incremental Increase simultaneously incurred under the Incremental Fixed Amount), the Consolidated Secured Leverage Ratio, calculated on a pro forma basis as of the last day of the Subject Period most recently ended, does not exceed 1.25 to 1.00. “Incremental Term A Loan” has the meaning assigned to such term in Section 2.14(a). “Incremental Term B Loan” has the meaning assigned to such term in Section 2.14(a). “Incremental Term Loan” has the meaning assigned to such term in Section 2.14(a). 20 207163075_10 “Indebtedness” means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: (a) all obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; (b) all direct or contingent obligations of such Person arising under letters of credit (including standby and commercial), reimbursement agreements, bankers’ acceptances, bank guaranties, surety bonds and similar instruments (in each case, whether or not such obligations are contingent or absolute); provided that the amount of any such contingent obligation permitted under this clause (b) shall be deemed to be equal to the maximum reasonably anticipated liability in respect thereof; (c) net obligations under any Swap Contract in an amount equal to the Swap Termination Value thereof; (d) all obligations of such Person to pay the deferred purchase price of property or services (other than trade accounts payable in the Ordinary Course of Business); (e) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales or other title retention agreements),...
Examples of Incremental Increases in a sentence
Unless the Borrowing Agent otherwise notifies the Administrative Agent, if all or any portion of any Incremental Increases would be permitted under clause (a) above on the applicable date of incurrence, such Incremental Increases (or the relevant portion thereof) shall be deemed to have been incurred in reliance on clause (a) above prior to the utilization of any amount available under clause (b) above.
More Definitions of Incremental Increases
Incremental Increases means as provided in Section 2.16(a). “Incremental Term Loan” means as provided in Section 2.16(a). “Indebtedness” means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: (a) all Funded Debt; Exhibit 10
Incremental Increases has the meaning assigned thereto in Section 2.7(a). “Incremental Lender” has the meaning assigned thereto in Section 2.7(b). “Incremental Term Loan” has the meaning assigned thereto in Section 2.7(a). 17 103755581_3 119311063_5
Incremental Increases means as provided in Section 2.16(a). “Incremental Term Loan” means as provided in Section 2.16(a). “Indebtedness” means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: (a) all Funded Debt; (b) all contingent obligations under letters of credit (including standby and commercial), bankers’ acceptances and similar instruments (including bank guaranties, surety bonds, comfort letters, keep-well agreements and capital maintenance agreements) to the extent such instruments or agreements support financial, rather than performance, obligations; (c) net obligations under any Swap Contract; (d) Support Obligations in respect of Indebtedness of another Person; and (e) Indebtedness of any partnership or joint venture or other similar entity in which such Person is a general partner or joint venturer, and, as such, has personal liability for such obligations, but only to the extent there is recourse to such Person for payment thereof. For purposes hereof, the amount of Indebtedness shall be determined based on Swap Termination Value in the case of net obligations under Swap Contracts under clause (c) and based on the outstanding principal amount of the Indebtedness that is the subject of the Support Obligations in the case of Support Obligations under clause (d). “Indemnified Liabilities” means as provided in Section 9.05. -20- LEGAL02/47543734v6