Incremental Loan definition

Incremental Loan has the meaning set forth in Section 2.14(b).
Incremental Loan means an Incremental Term Loan or an Incremental Revolving Loan.
Incremental Loan shall have the meaning assigned to such term in Section 2.19(c).

Examples of Incremental Loan in a sentence

  • All interest and fees shall be computed on the basis of the actual number of days occurring during the period for which such interest or fee is payable over a year comprised of 360 days, and with respect to the Incremental Loans, all interest and fees shall be computed as set forth in the Incremental Loan Agreement.

  • As of the Incremental Loan Effective Date, upon satisfaction or, as applicable, waiver of the conditions set forth in this Section 2.01(c) and Section 5.03 and the making of the Incremental Loans, Administrative Agent shall record the information contained in the Incremental Loan Agreement in the Register and give prompt notice of the Incremental Loan Commitments to Borrowers and the Lenders (including each Incremental Loan Lender).

  • Administrative Agent shall promptly notify Borrowers, the Lenders and the Incremental Loan Lenders of the final allocation of such increase and such Incremental Loan Effective Date.

  • Each Incremental Loan may be repaid or prepaid in accordance with the provisions hereof, but once repaid or prepaid may not be reborrowed.

  • The Credit Parties shall take any actions reasonably required by the Administrative Agent to ensure and/or demonstrate that the Lien and security interests granted by the Security Documents continue to be perfected under the UCC or otherwise after the establishment of any such Incremental Loan.


More Definitions of Incremental Loan

Incremental Loan means a Loan resulting from a Borrowing against an Incremental Loan Commitment.
Incremental Loan as defined in Section 2.20(b).
Incremental Loan means, with respect to any Incremental Facility, an advance made by any Incremental Lender under such Incremental Facility.
Incremental Loan is defined in Section 2.1.2(a).
Incremental Loan means any Incremental Revolving Loan and/or Incremental Term Loan advanced by a Bank pursuant to Section 2.01(c), Section 2.03 and Section 2.16.
Incremental Loan any Incremental Revolving Loan and/or Incremental Term Loan advanced by a Lender.