Incremental Term Loan Commitments definition

Incremental Term Loan Commitments has the meaning set forth in Section 2.24.
Incremental Term Loan Commitments as defined in Subsection 2.8(a).
Incremental Term Loan Commitments is defined in Section 1.15(a) hereof.

Examples of Incremental Term Loan Commitments in a sentence

  • The terms and provisions of any Incremental Term Loan Commitments and any Incremental Term Loans shall provide that the maturity date of any Incremental Term Loan shall be no earlier than the Revolving Maturity Date (but may have scheduled amortization payments prior to such date).

  • On any Increased Amount Date on which any Incremental Term Loan Commitments are effected, subject to the satisfaction of the foregoing terms and conditions, (i) each Incremental Term Loan Lender shall make a Loan to the applicable Borrowers (an “Incremental Term Loan”) in an amount equal to its Incremental Term Loan Commitment, and (ii) each Incremental Term Loan Lender shall become a Lender hereunder with respect to the Incremental Term Loan Commitment and the Incremental Term Loans made pursuant thereto.

  • Any unused May 2024 Incremental Term Loan Commitments shall automatically terminate at 5:00 p.m. New York City time on the First Amendment Effective Date.

  • Incremental Term Loan CommitmentsFacilities shall become additional Commitmentseffective pursuant to an amendment (an “Incremental Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by the Borrower, each IncrementalAdditional Lender providing such Incremental Term Loan Commitments, and the AdministrativeFacility, and each applicable Agent.

  • Each such notice shall specify the date (each, an “Increased Amount Date”) on which the Borrower proposes that such Incremental Term Loan Commitments shall be effective, which shall be a date not less than five (5) Business Days after the date on which such notice is delivered to the Administrative Agent.


More Definitions of Incremental Term Loan Commitments

Incremental Term Loan Commitments means such commitments of all Lenders in the aggregate.
Incremental Term Loan Commitments as to any Lender, the obligation of such Lender, if any, to make an Incremental Term Loan to the Borrower in a principal amount not to exceed the amount set forth in the applicable Incremental Amendment governing such Incremental Term Loan.
Incremental Term Loan Commitments and loans pursuant thereto “Incremental Term Loans”) and/or increase commitments under the Revolving Facility (any such increase, an “Incremental Revolving Increase”; the commitments thereunder are referred to as “Incremental Revolving Commitments” and loans pursuant thereto “Incremental Revolving Loans”; the Incremental Term Facilities and the Incremental Revolving Increases are collectively referred to as “Incremental Facilities”); provided that the total aggregate amount for all such Incremental Facilities (assuming, in the case of any Incremental Revolving Increase, the full amount thereof is drawn) shall not (as of any date of incurrence thereof) exceed (x) $60,000,000 (plus, to the extent utilized to effect an Incremental Revolving Increase, $20,000,000), plus (y) an amount equal to the sum of all voluntary prepayments of Term Loans made pursuant to Section 2.09(a), plus (z) an additional unlimited amount so long as, after giving effect to the incurrence of such Incremental Facility (excluding the cash proceeds of any Incremental Term Loans for purposes of netting and, in the case of any Incremental Revolving Increase, assuming the full amount thereof is fully drawn), the Secured Leverage Ratio, determined on a Pro Forma Basis as of the last day of the most recently ended Test Period for which financial statements were required to have been delivered pursuant to Section 6.01 (or, if no Test Period has passed, as of the last four quarters ended), in each case, as if such Incremental Facility (and Revolving Loans in an amount equal to the full amount of any such Incremental Revolving Increase) had been outstanding on the last day of such four-quarter period, shall not exceed 2.50 to 1.00, with the Borrower electing whether such Incremental Facility have been incurred (in whole or in part) under clauses (x) (including the parenthetical thereunder), (y) and/or (z) in its sole discretion. Each Class of Incremental Facility incurred under this Section 2.15 shall be in an aggregate principal amount that is not less than $10,000,000 (or, if incurred pursuant to the parenthetical to clause (x) in the immediately preceding sentence, $5,000,000). Each such notice shall specify (x) the date (each, an “Increase Effective Date”) on which the Borrower proposes that the Incremental Facility shall be effective, which shall be a date not less than five (5) Business Days after the date on which such notice is delivered to the Administrative Agent and (y) the identity o...
Incremental Term Loan Commitments means, collectively, the Increase Term Loan Commitments and the New Term Loan Commitments.
Incremental Term Loan Commitments means the Incremental Term A Loan Commitments and the New Term Loan Commitments.
Incremental Term Loan Commitments shall have the meaning assigned to such term in Section 2.22(a).“Incremental Term Loan Repayment Dates” shall mean the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Loan Assumption Agreement.