Incremental Revolving Credit Commitments definition
Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).
Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a). “Incremental Revolving Credit Lender” has the meaning set forth in Section 2.14(c). “Incremental Revolving Loan” has the meaning set forth in Section 2.14(b).
Incremental Revolving Credit Commitments has the meaning specified in Section 2.16(c). “Incremental Term Loan Class” has the meaning specified in Section 2.16(b). “Incremental Term Loans” has the meaning specified in Section 2.16(b). “Incurrence-Based Amounts” has the meaning specified in Section 1.08(c). “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) (i) all obligations of such Person for borrowed money and (ii) all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments or agreements to the extent the same would appear as a liability on a balance sheet (excluding footnotes thereto) of such Person in accordance with GAAP; (b) the maximum available amount of all letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds, performance bonds and similar instruments issued or created by or for the account of such Person; (c) net obligations of such Person under Swap Contracts (with the amount of such net obligations being deemed to be the aggregate Swap Termination Value thereof as of such date); (d) all obligations of such Person to pay the deferred purchase price of property or services, (other than (i) accrued expenses and trade accounts payable in the ordinary course of business (including on an inter-company basis), (ii) any earn-out obligation until such obligation (A) appears in the liabilities section of the balance sheet of such Person (excluding the footnotes thereto) in accordance with GAAP and (B) has not been paid within 7 days after becoming due and payable, (iii) any earn-out obligation that appears in the liabilities section of the balance sheet of such Person, to the extent (A) such Person is indemnified for the payment thereof by a solvent Person reasonably acceptable to the Administrative Agent or (B) amounts to be applied to the payment therefor are in escrow and (iv) liabilities associated with customer prepayments and deposits 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 and mortgage, industrial revenue bond, industrial development bond and similar financings), whether or not such indebtedness shall have been assumed by such Person or i...
Examples of Incremental Revolving Credit Commitments in a sentence
For the avoidance of doubt, the Borrower shall have no obligation to offer any Incremental Revolving Credit Commitments to any existing Lender, and any Incremental Revolving Credit Commitments may be provided by any existing Lender (it being understood that no existing Lender shall have any obligation to provide, or to commit to provide, any Incremental Revolving Credit Commitment) or by any Additional Lender.
An Incremental Facility Amendment may, without the consent of any Lenders that are not providing Incremental Revolving Credit Commitments, effect such amendments to any Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section 2.14 (including to provide for voting provisions applicable to the Additional Lenders comparable to the provisions of Section 11.01).
Notwithstanding anything to the contrary herein, the aggregate principal amount of the Incremental Revolving Credit Commitments shall not exceed $500,000,000.
Each exercise of the Borrower’s right to seek Incremental Revolving Credit Commitments shall be in an integral multiple of $1,000,000 and be in an aggregate principal amount that is not less than $25,000,000.
More Definitions of Incremental Revolving Credit Commitments
Incremental Revolving Credit Commitments as defined in Section 2.25(a).
Incremental Revolving Credit Commitments shall have the meaning assigned to such term in Section 2.24(a).
Incremental Revolving Credit Commitments means the “Incremental Revolving Credit Commitments” (or any comparable term) as defined in the First Lien Credit Agreement.
Incremental Revolving Credit Commitments means any commitment made by a lender to provide all or any portion of any Incremental Revolving Facility or Incremental Revolving Loan.
Incremental Revolving Credit Commitments shall have the meaning assigned to such term in Section 2.22(a). The 2024 Incremental Revolving Credit Commitments shall be deemed to be Incremental Revolving Credit Commitments for all purposes of this Agreement.
Incremental Revolving Credit Commitments has the meaning specified in Section 2.14(a). “Incremental Revolving Increase Lender” has the meaning specified in Section 2.14(e). “Incremental Term Loans” has the meaning specified in Section 2.14(a). “Incur” means issue, create, assume, enter into any Guarantee of, incur, extend or otherwise become liable for; provided, however, that any Indebtedness or Capital Stock of a Person existing at the time such Person becomes a Restricted Subsidiary (whether by merger, consolidation, acquisition or otherwise) will be deemed to be Incurred by such Restricted Subsidiary at the time it becomes a Restricted Subsidiary and the terms “Incurred” and “Incurrence” have meanings correlative to the foregoing and any Indebtedness pursuant to any revolving credit or similar facility shall only be “Incurred” at the time any funds are borrowed thereunder. “Incurrence Based Amounts” has the meaning specified in Section 1.10(b). 51 #96352060v15 #96352060v15
Incremental Revolving Credit Commitments as applicable) shall become Term Loans or Revolving Credit Commitments, as applicable, under this Agreement pursuant to an amendment to this Agreement and, as appropriate, the other Loan Documents, executed by Holdings, Borrower, each Lender agreeing to provide such Incremental Facility, if any, each Additional Lender, if any, and the Administrative Agent (an “Incremental Amendment”). Notwithstanding anything to the contrary in Section 11.1, any such Incremental Amendment may, without the consent of any other Lenders, effect such amendments to any Loan Documents (i) as may be necessary or appropriate, in the opinion of the Borrower and Administrative Agent, to effect the provisions of this Section 2.21 and/or (ii) so long as such amendments are not adverse to the Lenders, such other changes as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to maintain the fungibility of any such Incremental Term Loans with any tranche of then outstanding Term Loans.