Incremental Term Loans definition

Incremental Term Loans has the meaning specified in Section 2.14(a).

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Incremental Term Loans means any term loans made by Incremental Term Lenders to the Borrower pursuant to Section 2.08(e)(ii)(C).

Incremental Term Loans has the meaning assigned to such term in Section 2.20(a).

Examples of Incremental Term Loans in a sentence

• The Administrative Agent shall promptly give each Lender written notice of each proposed Borrowing of Incremental Term Loans, of such ▇▇▇▇▇▇’s proportionate share thereof and of the other matters covered by the related Notice of Borrowing.

• Each Borrowing of Incremental Term Loans under this Agreement shall be granted by the Lenders of the relevant Class thereof pro rata on the basis of their then-applicable Incremental Term Loan Commitments for the applicable Class.

• The Amendment No. 12 Incremental Term Lender hereby agrees to provide the full amount of the Amendment No. 12 Incremental Term Loans (the “Amendment No. 12 Incremental Term Commitments”).

• The Amendment No. 12 Incremental Term Loans shall be made pursuant to Borrowings of Term SOFR Loans with the Interest Period set forth in the applicable Committed Loan Notice (which Interest Period shall be coterminous with all outstanding Interest Periods in respect of Initial Term Loans as in effect on the Amendment No. 12 Effective Date).

• Immediately after giving effect to this Amendment, no Event of Default under Section 8.01(a) of the Credit Agreement or, solely with respect to the Borrower, Section 8.01(f) of the Credit Agreement, has occurred and is continuing or exists after giving effect to the borrowing of the Amendment No. 12 Incremental Term Loans.

More Definitions of Incremental Term Loans

Incremental Term Loans means (i) Term Loans made by one or more Lenders to the Borrower pursuant to Section 2.01(c) consisting of additional Term B Loans and (ii) to the extent permitted by Section 2.21 and provided for in the relevant Incremental Assumption Agreement, Other Term Loans (including in the form of Extended Term Loans or Refinancing Term Loans, as applicable), or (iii) any of the foregoing.

Incremental Term Loans as defined in Section 2.24(a).

Incremental Term Loans means any additional term loans made pursuant to Section 2.17.

Incremental Term Loans means any loans made pursuant to any Incremental Term Commitments.

Incremental Term Loans means Term Loans made by one or more Lenders to the Company pursuant to an Incremental Joinder. “Indebtedness” of any Person means without duplication (i) all indebtedness of such Person for borrowed money; (ii) all bonds, notes, debentures and similar debt securities of such Person; (iii) the deferred purchase price of capital assets or services that in accordance with GAAP would be shown on the liability side of the balance sheet of such Person; (iv) the face amount of all letters of credit issued for the account of such Person and, without duplication, all drafts drawn thereunder; (v) the principal component of all obligations of such Person in respect of bankers’ acceptances; (vi) all Indebtedness of a second Person secured by any Lien on any property owned by such first Person, whether or not such indebtedness has been assumed; (vii) all Capitalized Lease Obligations of such Person; (viii) the present value, determined on the basis of the implicit interest rate, of all basic rental obligations under all Synthetic Leases of such Person; (ix) all obligations of such Person with respect to asset securitization financing, including, but not limited to, in the case of Holdings or any of its Subsidiaries, all obligations of Holdings or any of its Subsidiaries under the Permitted Receivables Facility; (x) all obligations of such Person to pay a specified purchase price for goods or services whether or not delivered or accepted, i.e., take-or-pay and similar obligations; (xi) all net obligations of such Person under Hedge Agreements; (xii) the full outstanding balance of trade receivables, notes or other instruments sold with full recourse (and the portion thereof subject to potential recourse, if sold with limited recourse), other than in any such case any thereof sold solely for purposes of collection of delinquent accounts; and (xiii) all Guaranty Obligations of such Person; provided, however that (x) no trade payables, deferred revenue, taxes nor other similar accrued expenses, in each case arising in the ordinary course of business, obligations in respect of insurance policies or performance or surety bonds that themselves are not guarantees of Indebtedness (nor drafts, acceptances or similar instruments evidencing the same nor obligations in respect of letters of credit supporting the payment of the same) or obligations to pay royalty fees or other payments under license agreements, shall constitute Indebtedness; (y) for the avoidance of doubt, the obli...

Incremental Term Loans. Term Loans made by one or more Lenders to the Borrowers pursuant to Section 2.6.

Incremental Term Loans as defined in Subsection 2.8(d).