Permitted Increase definition

Permitted Increase means any increase in the principal amount of the Senior Debt effected by Senior Lender, except the aggregate amounts of any such increases outstanding at any one time shall not exceed the amount set forth on Exhibit A attached hereto.

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Permitted Increase means an increase in rent permitted under the provisions of this Act;

Permitted Increase means (i) an acquisition of Qualified Debt or (ii) an acquisition of securities of the Company or its Subsidiaries as the result of (A) the payment of dividends in kind in additional shares of Series B Preferred Stock pursuant to the Series B Certificate, (B) the exercise of subscription rights pursuant to Article V, (C) the adjustment of the Conversion Price (as defined in the Series B Certificate) pursuant to the terms of the Series B Certificate, (D) any repurchase or redemption of securities by the Company or (E) any other right of the Investor or transaction contemplated by this Agreement or the other Transaction Documents.

Examples of Permitted Increase in a sentence

• The unused portion of an Expense Year’s Maximum Permitted Increase may be carried forward to absorb any future Operating Expenses that would otherwise be in excess of the Maximum Permitted Increase for such future Expense Year.

• Any increase in such premiums shall not be in a percentage greater than the percentage increase in the market rates for similar retrocessions (taking into account the nature of the underlying risks, the level of the risk being retroceded, and any other factors appropriate to ensure reasonable comparability) since the time that the then-effective premiums became effective (a "Permitted Increase").

• The Borrower may by written notice to the Administrative Agent elect to request (x) prior to the Maturity Date for the Revolving Credit Facility, an increase to the existing Revolving Credit Commitments (each, an “Incremental Revolving Commitment”) and/or (y) the establishment of one or more new term loan commitments (each, an “Incremental Term Commitment”), by an aggregate amount incurred after the Second Amendment Effective Date not in excess of the Permitted Increase Amount.

• In the Fiscal Year that the New Position is filled and thereafter, the annual Permitted Increase shall be based upon the Re-set base Compensation.

• The Borrower may by written notice to the Administrative Agent elect to request (x) prior to the Maturity Date for the Revolving Credit Facility, an increase to the existing Revolving Credit Commitments (each, an “Incremental Revolving Commitment”) and/or (y) the establishment of one or more new term loan commitments (each, an “Incremental Term Commitment”), by an aggregate amount incurred after the Amendment No. 2 Effective Date not in excess of the Permitted Increase Amount.

More Definitions of Permitted Increase

Permitted Increase means (i) an acquisition of Qualified Debt or (ii) an acquisition of securities of the Company or its Subsidiaries as the result of (A) the exercise of subscription rights pursuant to ARTICLE V, (B) any repurchase or redemption of securities by the Company or (C) any other right of the CD&R Investor Group or transaction contemplated by this Agreement or the other Transaction Documents.

Permitted Increase means the creation of any new equity incentive plan and reservation of shares thereunder, or an increase in shares reserved under the Corporation’s 2016 Equity Incentive Plan, in each case that (i) is effected in connection with a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933, as amended and (ii) takes effect only after the filing of such registration statement (it being understood that such Permitted Increase

Permitted Increase shall have the meaning ascribed thereto pursuant to Section 10.4(w).

Permitted Increase any and all increases in the Commitments agreed to by ▇▇▇▇▇▇▇▇ and Senior Lender after the date hereof in an aggregate amount not to exceed $2,600,000.

Permitted Increase means the permitted increase in the charges set out in the Order Form or, if none is specified, the percentage increase in the Consumer Prices Index during the previous 12 months plus 2%;

Permitted Increase means the amount by which the rent for any rental period may be increased ;

Permitted Increase means the lesser of three percent (3%) or the CPI Adjustment.