Incremental Revolving Loan Lenders definition

Incremental Revolving Loan Lenders shall have the meaning provided in Section 2.14(b).

Incremental Revolving Loan Lenders shall have the meaning provided in Section 2.14(b). “Indebtedness” shall mean, with respect to any Person, (i) any indebtedness (including principal and premium), of such Person (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; provided, that Indebtedness of any direct or indirect parent company appearing upon the balance sheet of the Borrower solely by reason of push-down accounting under GAAP shall be excluded, (ii) to the extent not otherwise included, any guarantee by such Person of 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, and (iii) 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

Examples of Incremental Revolving Loan Lenders in a sentence

• 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.

• Upon execution and delivery hereof, Administrative Agent will record the [Series [__] Incremental Term Loans] [Incremental Revolving Loans] made by [Incremental Term Loan Lenders] [Incremental Revolving Loan Lenders] in the Register.

• The terms and provisions of the Incremental Term Loans and Incremental Term Loan Commitments of any Series shall be identical to the Term Loans and the terms and provisions of the Incremental Revolving Loans shall be identical to the Revolving Loans; provided that the rate of interest applicable to the Incremental Term Loans and the Incremental Revolving Loans shall be agreed between the Borrower and the Incremental Revolving Loan Lenders or Incremental Term Loan Lenders as applicable.

• Upon the effectiveness of any such Incremental Facility, the Incremental Revolving Loan Lenders shall advance Loans in an amount sufficient such that after giving effect to such advance each Lender shall have outstanding its Percentage of 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 Revolving Loans are denominated.

• The upfront fees payable to the Incremental Revolving Loan Lenders and/or Incremental Term Loan Lenders shall be determined by the Revolving Borrowers or the Term Loan Borrower, as applicable, and the applicable Incremental Revolving Loan Lenders and/or Incremental Term Loan Lenders.

• The New Commitments of the Incremental Revolving Loan Lenders (such commitment, the “Incremental Revolving Loan Commitment”) is $370,000,000.

• The Borrower agrees to pay (or cause to be paid) to the Administrative Agent and the Incremental Revolving Loan Lenders (or their respective affiliates, as applicable) any fees in the amounts and on the dates previously agreed to in writing by the Borrower, on the one hand, and the Administrative Agent or any Incremental Revolving Loan Lender (or their respective affiliates), on the other hand, in connection with the First Incremental Revolving Commitments and/or this Agreement.

• Upon execution and delivery hereof, Administrative Agent will record the [Series [ ] Incremental Term Loans] [Incremental Revolving Loans] made by [Incremental Term Loan Lenders] [Incremental Revolving Loan Lenders] in the Register.