Examples of Maximum Incremental Facility Amount in a sentence
Each Incremental Facility shall be in an aggregate amount that is not less than $5,000,000 and shall be in an increment of $1,000,000 (provided, that such amount may be less than $5,000,000 and in lower increments if such amount represents all remaining availability under the Maximum Incremental Facility Amount).
Each tranche of Incremental Term Loans shall be in an aggregate principal amount that is not less than $10,000,000 and shall be in an increment of $1,000,000 (provided that such amount may be less than $10,000,000 if such amount represents all remaining availability under the Maximum Incremental Facility Amount).
Subject to the terms of Clause 2.2 ( Incremental Facility), a Borrower may add one or more incremental facilities in an aggregate principal amount not to exceed the Maximum Incremental Facility Amount which are uncommitted on the date of this Agreement.