Incremental Revolving Commitment definition

Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

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Incremental Revolving Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant to an Incremental Facility Agreement and Section 2.21, to make Revolving Loans and to acquire participations in Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the maximum aggregate permitted amount of such Lender’s Revolving Exposure under such Incremental Facility Agreement.

Incremental Revolving Commitment shall have the meaning set forth in Section 2.23.

Examples of Incremental Revolving Commitment in a sentence

• If any Incremental Revolving Commitment is provided to the Borrowers in accordance with this Section, the Administrative Agent and the Borrowers shall determine the effective date (the “Increase Effective Date”) and the final allocation of such Incremental Revolving Commitment.

• The effectiveness of any Incremental Revolver Amendment shall be subject to the satisfaction on the date thereof of each of the conditions set forth in Section 2.3(e) and as such other conditions as requested by the Banks under the Incremental Revolving Commitment established in connection therewith.

• Any Incremental Revolving Commitment shall be evidenced by an amendment (an “Incremental Revolver Amendment”) to this Agreement, giving effect to the modifications permitted by this Section 2.3 (and subject to the limitations set forth in Section 2.3(e)), executed by the Loan Parties, the Administrative Agent and each Bank providing a portion of the Incremental Revolving Commitment; which such amendment, when so executed, shall amend this Agreement as provided therein.

• The Administrative Agent shall promptly notify the Borrowers and the Banks of the final allocation of such Incremental Revolving Commitment and the Increase Effective Date.

• Each Bank shall notify the Administrative Agent within such time period whether or not it agrees, in its sole and absolute discretion to provide all or a portion of the Incremental Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such Incremental Revolving Commitment.

More Definitions of Incremental Revolving Commitment

Incremental Revolving Commitment means any commitment made by a lender to provide all or any portion of any Incremental Revolving Facility.

Incremental Revolving Commitment means the commitment of the Additional Revolving Lenders to make loans pursuant to an Incremental Revolving Facility in accordance with Section 2.18.

Incremental Revolving Commitment as defined in Section 3.16(a).

Incremental Revolving Commitment means an increased or new Revolving Commitment incurred in connection with an Incremental Revolving Commitment Activation Notice.

Incremental Revolving Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make an Incremental Revolving Loan under any Incremental Facility Amendment with respect thereto, expressed as an amount representing the maximum principal amount of the Incremental Revolving Loans to be made by such Lender under such Incremental Facility Amendment, as such commitment may be (a) reduced 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 9.04 or as otherwise set forth herein.

Incremental Revolving Commitment as defined in subsection 4.18.

Incremental Revolving Commitment the commitment of any Lender, established pursuant to Section 2.32, to make Incremental Revolving Loans to the Borrower.