Incremental Loan Commitment definition

Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).
Incremental Loan Commitment means the commitment of any Lender, established pursuant to Section 2.22, to make Incremental Loans to the Borrower.
Incremental Loan Commitment has the meaning assigned to such term in the definition of “Commitment”.

Examples of Incremental Loan Commitment in a sentence

  • Any proposed Incremental Lender offered or approached to provide all or a portion of any Incremental Loan Commitment may elect or decline, in its sole discretion, to provide such Incremental Loan Commitment.

  • The Loans comprising any Borrowing shall be in an aggregate principal amount that is (a) an integral multiple of $1,000,000 and not less than $5,000,000 (except, with respect to any Borrowing made pursuant to an Incremental Loan Commitment, to the extent otherwise provided in the related Incremental Loan Assumption Agreement) or (b) equal to the remaining available balance of the applicable Commitments.

  • The Borrower may invite any Lender, any Affiliate of any Lender and/or any Approved Fund, and/or any other Person reasonably satisfactory to the Administrative Agent, to provide an Incremental Loan Commitment (any such Person, an “Incremental Lender”).

  • An Incremental Loan Commitment Increase Notice shall set out the amount of the Incremental Loan Commitment requested and the date on which such Incremental Loan Commitments are requested to be effective (each an “Incremental Loan Increase Date”), which shall not be less than thirty (30) days nor more than forty-five (45) days after the date of such notice.

  • The Borrower may approach any Lender or any Person (other than a natural Person) to provide all or a portion of the Incremental Loan Commitments; provided that any Lender offered or approached to provide all or a portion of the Incremental Loan Commitments may elect or decline, in its sole discretion, to provide an Incremental Loan Commitment, and the Borrower shall have no obligation to approach any existing Lender to provide any Incremental Loan Commitment.


More Definitions of Incremental Loan Commitment

Incremental Loan Commitment means, with respect to each Lender, the amount of the offer of such Lender to make Incremental Loans of any Series that is accepted by the Company in accordance with the provisions of Section 2.01(b), as such amount may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 11.08.
Incremental Loan Commitment means any Incremental Term Loan Commitment and/or any Incremental RL Commitment, as the context may require.
Incremental Loan Commitment as defined in Section 2.23.
Incremental Loan Commitment has the meaning assigned thereto in Section 5.13 herein.
Incremental Loan Commitment means, with respect to each Incremental Lender, the obligation of such Incremental Lender to make an Incremental Loan to the Borrower hereunder on the Agreement Effective Date in a principal amount not to exceed the amount set forth under the heading “Incremental Loan Commitment” with respect to such Incremental Lender on Schedule I hereto. The aggregate amount of the Incremental Loan Commitments of all Incremental Lenders as of the Agreement Effective Date is $500,000,000.
Incremental Loan Commitment means an Incremental Term Loan Commitment or an Incremental Revolving Loan Commitment.
Incremental Loan Commitment means, with respect to each Incremental Loan Lender of any Series, the commitment, if any, of such Lender to make Incremental Loans of such Series hereunder. The initial amount of each Lender’s Incremental Loan Commitment of any Series will be specified in the Incremental Loan Amendment for such Series, or will be set forth in the Assignment and Assumption pursuant to which such Lender shall have assumed its Incremental Loan Commitment of such Series. The aggregate amount of the Incremental Loan Commitments on the Restatement Effective Date is zero and at any time thereafter shall not exceed $35,000,000.