Specified Incremental Term Loans definition

Specified Incremental Term Loans shall have the meaning assigned to such term in Section 2.26(a).
Specified Incremental Term Loans means up to the greater of (a) $100,000,000 and (b) 10% of Consolidated EBITDA for the Test Period then last ended of Incremental Term Loans and/or Incremental Equivalent Debt specified by the Borrower in its sole discretion from time to time.
Specified Incremental Term Loans means, at any date of determination, an amount equal to (a) the greater of (i) $130,000,000 and (ii) 100% of Consolidated EBITDA for the Test Period then last ended minus (b) the aggregate principal amount of Incremental Term Loans and/or Incremental Equivalent Debt designated by the Borrower in its sole discretion as Specified Incremental Term Loans that is outstanding at such time (less the aggregate principal amount of Second Lien Incremental Facilities and Second Lien Incremental Equivalent Debt that is designated under the definition of “Specified Incremental Term Loans” as defined in the Second Lien Credit Agreement).

Examples of Specified Incremental Term Loans in a sentence

  • The Incremental Euro Term Loans shall constitute Specified Incremental Term Loans and Term Loans for all purposes of the Credit Agreement and the other Loan Documents, and shall have the terms set forth in Exhibit A hereto.

  • The Incremental Tranche B-1 Term Loans and Incremental Tranche B-2 Term Loans shall constitute Specified Incremental Term Loans and Term Loans for all purposes of the Credit Agreement and the other Loan Documents, and shall have the terms that are set forth in Exhibit A-1 hereto in the case of the Incremental Tranche B-1 Term Loans and have the terms that are set forth in Exhibit A-2 hereto in the case of the Incremental Tranche B-2 Term Loans.

  • The Incremental Tranche A-1 Term Loans shall constitute Specified Incremental Term Loans and Term Loans for all purposes of the Credit Agreement and the other Loan Documents, and shall have the terms that are set forth in Exhibit A.

  • Notwithstanding anything to the contrary herein, the aggregate amount of the Incremental Term Loans (other than Specified Incremental Term Loans) and the Revolving Commitment Increases shall not exceed the Incremental Availability.

  • Notwithstanding the foregoing, Incremental Term Commitments to make Specified Incremental Term Loans may not be requested without the prior written consent of the Agent if, as a result of the Specified Incremental Term Loans to be made thereunder, there would be more than five classes of Term Loans and Specified Incremental Term Loans outstanding.

  • The Incremental Tranche C Term Loans and Incremental Tranche D Term Loans shall constitute Specified Incremental Term Loans and Term Loans for all purposes of the Credit Agreement and the other Loan Documents, and shall have the terms that are set forth in Exhibit A.


More Definitions of Specified Incremental Term Loans

Specified Incremental Term Loans means up to $125,000,000 of Incremental Term Loans specified by Holdings in its sole discretion from time to time (less the aggregate principal amount of Second Lien Incremental Facilities that is designated under the definition of “Specified Incremental Term Loans” as defined in the Second Lien Credit Agreement).
Specified Incremental Term Loans and, such commitments, “Specified Incremental Term Loan Commitments”).
Specified Incremental Term Loans means Incremental Term Loans (a) that have a stated Maturity Date no earlier than ninety-one (91) days after the Latest Maturity Date of any Loans or Revolving Credit Commitments outstanding at the time of incurrence of such Incremental Term Loans, (b) that have a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of any Loans or Revolving Credit Commitments outstanding at the time of incurrence of such Incremental Term Loans, (c) the proceeds of which are used by the Borrower to prepay Term Loans in compliance with Section 2.05(c) and (d) that are otherwise incurred in accordance with, and satisfy the other conditions set forth in, Section 2.14; provided that Incremental Term Loans constituting Specified Incremental Term Loans when incurred shall not cease to constitute Specified Incremental Term Loans as a result of the subsequent extension of the Latest Maturity Date of any Loan or Revolving Credit Commitment; provided, further, that in no event shall the Tranche B-1 Term Loans and Tranche B-2 Term Loans be Specified Incremental Term Loans.
Specified Incremental Term Loans has the meaning set forth in the Second Supplemental Indenture.
Specified Incremental Term Loans means Incremental Term Loans (a) that have a stated Maturity Date no earlier than ninety-one (91) days after the Latest Maturity Date of any Loans or Revolving Credit Commitments outstanding at the time of incurrence of such Incremental Term Loans, (b) that have a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of any Loans or Revolving Credit Commitments outstanding at the time of incurrence of such Incremental Term Loans, (c) the proceeds of which are used by the Borrower to prepay Term Loans in compliance with
Specified Incremental Term Loans means any and all Incremental Term Loans that are incurred prior to the repayment in full of the Term Loans that are incurred on the Effective Date.

Related to Specified Incremental Term Loans

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

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

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Incremental Term Facility has the meaning assigned to such term in Section 2.22(a).

  • Incremental Term Loan Facility has the meaning set forth in Section 2.16(a).

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.

  • Incremental Term Loan Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain term loans to one or more Borrowers.

  • Incremental Term Lenders (a) on any Increased Facility Activation Date relating to Incremental Term Loans, the Lenders signatory to the relevant Increased Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Term Loan.

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).

  • Incremental Term Lender means a Lender with an Incremental Term Loan Commitment or an outstanding Incremental Term Loan.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Term Commitment means, with respect to any Lender, the commitment, if any, of such Lender, established pursuant an Incremental Facility Agreement and Section 2.21, to make Incremental Term Loans of any Series hereunder, expressed as an amount representing the maximum principal amount of the Incremental Term Loans of such Series to be made by such Lender.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Incremental Term Loan Amendment has the meaning assigned to such term in Section 2.20.

  • Incremental Term Loan Maturity Date means the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Incremental Term Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing Incremental Term Loans made by such Lender, substantially in the form of Exhibit B-2.

  • Fixed Incremental Amount means (i) the greater of $920,000,000 and 100% of Consolidated EBITDA as of the last day of the most recently ended Test Period minus (ii) the aggregate outstanding principal amount of all Incremental Facilities, Incremental Equivalent Debt and/or Indebtedness incurred pursuant to Section 7.03(r)(ii)(A), in each case incurred or issued in reliance on this definition.

  • Incremental Loans has the meaning assigned to such term in Section 2.22(a).

  • Additional Term Loan Commitment means any term commitment added pursuant to Sections 2.22, 2.23 or 9.02(c)(i).

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Total Term Loan Commitment means the sum of the amounts of the Lenders’ Term Loan Commitments.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).