Loan Increase definition

Loan Increase has the meaning provided in Section 2.14(a).
Loan Increase means any increase in the outstanding principal amount of the Loan made pursuant to a Loan Agreement Supplement, including for purposes of refinancing any existing Components.

Examples of Loan Increase in a sentence

  • The Borrower may at any time and from time to time after the Amendment and Restatement Date, by notice to the Administrative Agent (an “Incremental Loan Request”), request one or more new commitments which may be of the same Class as any outstanding Term Loans (a “Term Loan Increase”) or a new Class of term loans (collectively with any Term Loan Increase, the “Incremental Commitments”), whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders.

  • Any Incremental Loans effected through the establishment of one or more new term loans made on an Incremental Facility Closing Date (other than a Loan Increase) shall be designated a separate Class of Incremental Loans for all purposes of this Agreement.


More Definitions of Loan Increase

Loan Increase means any increase in the outstanding principal amount of the Loan made pursuant to a Loan Agreement Supplement.
Loan Increase means a Term A Loan Increase or Revolving Commitment Increase. “Loan Parties” means, collectively, the Borrower and the Guarantors.
Loan Increase means a Term Loan Increase or Revolving Commitment Increase. “Loan Parties” means, collectively, (1) Holdings, (2) the Borrower and (3) each Subsidiary Guarantor.
Loan Increase means as provided in Section 2.16(a). LEGAL02/34647694v6
Loan Increase means that portion of the Loan equal to $700,000 funded for purpose of acquiring the Collateral Notes with respect to the New Hampshire Property and the Champlain Property.
Loan Increase means that portion of the Loan in excess of the Existing Loan.
Loan Increase means the aggregate amount of each increase in the Loans hereunder in accordance with the terms of Section 2.16 hereof.