Incremental Revolving Credit Loans definition

Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

Incremental Revolving Credit Loans means a Revolving Credit Loan made pursuant to an increase to the existing Revolving Credit Facility or a Revolving Credit Loan made pursuant to a separate Class of Revolving Credit Commitments, as the context requires.

Incremental Revolving Credit Loans has the meaning specified in Section 3.1.

Examples of Incremental Revolving Credit Loans in a sentence

• Each Borrowing of Incremental Revolving Credit Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Incremental Revolving Credit Commitments.

• Each Borrowing of Incremental Revolving Credit Loans under this Agreement shall be made by the Revolving Credit Lenders pro rata on the basis of their then-applicable Incremental Revolving Credit Commitments.

• The Incremental Revolving Credit Loans (i) shall have the same guarantees as, and rank pari passu in right of payment and in respect of lien priority as to the Collateral with the Obligations in respect of, the Revolving Credit Commitments and (ii) shall be on terms and pursuant to documentation identical as, and treated substantially the same as, the Revolving Credit Loans.

• The Borrower shall repay to the Administrative Agent for the benefit of the Incremental Revolving Loan Lenders, on each Incremental Revolving Credit Maturity Date, the then outstanding amount of Incremental Revolving Credit Loans.

• The Borrower shall repay to the Administrative Agent for the benefit of the Incremental Revolving Loan Lenders, on each Incremental Revolving Credit Maturity Date, the then outstanding amount of Incremental Revolving Credit Loans in the currency in which such Incremental Revolving Credit Loans are denominated.

More Definitions of Incremental Revolving Credit Loans

Incremental Revolving Credit Loans. Loans made pursuant to Incremental Revolving Credit Commitments.

Incremental Revolving Credit Loans means any revolving loans made under an Incremental Revolving Credit Facility.

Incremental Revolving Credit Loans means any revolving loans made under an Incremental Revolving Credit Facility. “Incremental Revolving Increase” has the meaning assigned to such term in Section 2.17(a).

Incremental Revolving Credit Loans means Revolving Loans made by one or more Lenders to the Borrower pursuant to their Incremental Revolving Credit Commitments.

Incremental Revolving Credit Loans means Class B Revolving Credit Loans made by one or more Cerberus Revolving Lenders to the Borrower pursuant to Section 2.14.

Incremental Revolving Credit Loans as defined in Section 2.4(b).

Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b). “Incremental Revolving Credit Maturity Date” shall mean the date on which any tranche of Revolving Credit Loans made pursuant to the Lenders’ Incremental Revolving Credit Commitments matures. “Incremental Revolving Loan Lender” shall have the meaning provided in Section 2.14(b). “incur” shall have the meaning provided in Section 10.1. “Indebtedness” shall mean, with respect to any Person, (i) any indebtedness (including principal and premium) of such Person, whether or not contingent (a) in respect of borrowed money, (b) evidenced by bonds, notes, debentures, or similar instruments or letters of credit or bankers’ acceptances (or, without double counting, reimbursement agreements in respect thereof), (c) representing the balance deferred and unpaid of the purchase price of any property (including Capitalized Lease Obligations), or (d) representing any Hedging Obligations, if and to the extent that any of the foregoing Indebtedness (other than letters of credit and Hedging Obligations) would appear as a net liability upon a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP, (ii) to the extent not otherwise included, any obligation by such Person to be liable for, or to pay, as obligor, guarantor or otherwise, on the obligations of the type referred to in clause (i) of another Person (whether or not such items would appear upon the balance sheet of such obligor or guarantor), other than by endorsement of negotiable instruments for collection in the ordinary course of business, (iii) to the extent not otherwise included, all obligations of such Person in respect of Disqualified Stock and (iv) to the extent not otherwise included, the obligations of the type referred to in clause (i) of another Person secured by a Lien on any asset owned by such Person, whether or not such Indebtedness is assumed by such Person; provided that notwithstanding the foregoing, Indebtedness shall be deemed not to include (1) Contingent Obligations incurred in the ordinary course of business, (2) obligations under or in respect of Receivables Facilities, (3) prepaid or deferred revenue arising in the ordinary course of business, (4) purchase price holdbacks arising in the ordinary course of business in respect of a portion of the purchase price of an asset to satisfy warrants or other unperformed obligations of the seller of such asset, (5) any balance that constitutes a trade payable o...