Maximum Incremental Facility Amount means an amount not to exceed $200,000,000.
Maximum Incremental Facility Amount means the greater of (a) $300,000,000 and (b) 100% of Consolidated EBITDA for the most recently ended period of four Fiscal Quarters for which the Borrower has delivered the financial statements required by Sections 5.1(a) or 5.1(b).
Maximum Incremental Facility Amount means the greater of (a) $250,000,000 and (b) an unlimited amount; provided, that, with respect to this clause (b), immediately after giving effect to such Incremental Term Loans or Incremental Revolving Commitments (tested solely on the date of funding of any Incremental Term Loan or establishment of any Incremental Revolving Commitments) the Total Debt to EBITDA Ratio as of the last day of the fiscal quarter of the Borrower most recently ended for which the Borrower has delivered financial statements pursuant to Section 5.1(a) or (b) shall not be greater than 2.50:1.00 after giving effect to such Incremental Term Loans or establishment of such Incremental Revolving Commitments (in each case, assuming the Revolving Commitments and any such Incremental Revolving Commitments are fully drawn) on a Pro Forma Basis. Notwithstanding the foregoing, the Borrower, the Administrative Agent and the Lenders hereby agree that (x) after giving effect to the Additional Term Loan A Advance made on the First Amendment Effective Date, the Dollar amount referenced in clause (a) of this definition shall remain $250,000,000 and (y) the Additional Term Loan A Advance shall not reduce the amount of clause (a) of this definition for purposes of determining the amount of any requested increase in the Incremental Revolving Commitment or new Incremental Term Loan, in each case, occurring after the First Amendment Effective Date, pursuant to Section 2.25 of the Credit Agreement.
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.
More Definitions of Maximum Incremental Facility Amount
Maximum Incremental Facility Amount shall have the meaning set forth in Section 2.3(a).
Maximum Incremental Facility Amount means $150,000,000.
Maximum Incremental Facility Amount means the greater of (a) $250,000,000 and (b) an unlimited amount; provided, that, with respect to this clause (b), immediately after giving effect to such Incremental Term Loans or Incremental Revolving Commitments (tested solely on the date of funding of any Incremental Term Loan or establishment of any Incremental Revolving Commitments) the Total Debt to EBITDA Ratio as of the last day of the fiscal quarter of the Borrower most recently ended for which the Borrower has delivered financial statements pursuant to Section 5.1(a) or (b) shall not be greater than 2.50:1.00 after giving effect to such Incremental Term Loans or establishment of such Incremental Revolving Commitments (in each case, assuming the Revolving Commitments and any such Incremental Revolving Commitments are fully drawn) on a Pro Forma Basis.
Maximum Incremental Facility Amount means, subject to Section 2.17 and as of any date of determination, the sum of (a)(i) the greater of $67,500,000 and 75% of LTM EBITDA, minus (ii) the aggregate principal amount of the initial amount of each Incremental Facility Commitment made pursuant to (or made or issued in reliance on) Section 2.17 prior to such date in reliance on clause (a)(i), provided that the maximum amount deducted pursuant to this clause (a)(ii) shall not exceed the amount determined in accordance with clause (a)(i), plus (iii) the aggregate principal amount of Term Loans that were voluntarily prepaid prior to the date of the applicable increase (limited, in the case of any voluntary prepayment in accordance with Section 11.5(g), to the cash payment made by any Credit Party or Restricted Subsidiary therefor) (in each case, unless funded with Credit Agreement Refinancing Debt or long-term Indebtedness (excluding, for the avoidance of doubt, proceeds of any revolving credit facility (including Revolving Loans hereunder))), plus (b) an additional amount so long as, in the case of this clause (b) after giving effect to such increase, the Consolidated Total Net Leverage Ratio shall be less than or equal to 4.00:1.00, determined on a Pro Forma Basis as of the last day of the Fiscal Quarter most recently ended (for which financial statements are available) prior to the date of the incurrence of the applicable Incremental Facility, as if such Incremental Facility had been incurred (and, if incurred to finance a Permitted Acquisition, Investment, Restricted Purchase or Restricted Payment, such transaction had been consummated) on the first day of the applicable Test Period and calculated (x) without netting any of the cash proceeds of any such Incremental Facility in calculating such ratio; provided that to the extent the proceeds thereof are used to repay Indebtedness, pro forma effect shall be given to such repayment of Indebtedness, and (y) in the case of any Incremental Revolving Loans, assuming the full utilization thereof, whether or not actually utilized.
Maximum Incremental Facility Amount means USD 100,000,000 or, if the Non-Leveraged Criteria has been met, USD 150,000,000.
Maximum Incremental Facility Amount means $75,000,000. For the avoidance of doubt, the Maximum Incremental Facility Amount under this Agreement and under the U.S. Transfer Agreement is a single shared Maximum Incremental Facility Amount.
Maximum Incremental Facility Amount in Section 1.1 of the Credit Agreement is amended to read as follows: