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

Incremental Loan shall have the meaning assigned to such term in Section 2.19(c).

Examples of Incremental Loan in a sentence

Each Incremental Loan Request from the Borrower pursuant to this Section 2.14 shall set forth the requested amount and proposed terms of the relevant Incremental Commitments.
The Borrower will use the proceeds (if any) of the Incremental Loans for Permitted Acquisitions and other Investments permitted under this Agreement and, to refinance, redeem or exchange for any Preferred Stock and any Indebtedness of the Borrower and its Subsidiaries; provided that to the extent such Incremental Loan ranks equal in priority of security with the Obligations, such utilization for a refinancing, redemption or exchange shall not occur prior to the first anniversary of the Closing Date.
Incremental Facilities may be provided by any existing Lender (it being understood that no existing Lender shall have an obligation to make, or provide commitments with respect to, an Incremental Loan) or by any Additional Lender.
Each Shipowner agrees, promptly upon entering into any Incremental Loan, to amend the relevant Vessel Mortgage, in form and substance satisfactory to the Administrative Agent, if requested by the Administrative Agent.

More Definitions of Incremental Loan

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.