Temporary Increase Conditions definition

Temporary Increase Conditions means each of the following: (a) no Default or Event of Default shall then exist; (b) Borrowers shall have notified Lender in writing that Borrowers are requesting a Temporary Increase Period, which notice shall state the requested Temporary Increase Effective Date and Temporary Increase Amount with respect thereto; and (c) Borrowers shall have delivered to Lender an officers’ certificate certifying that, as of the date of such request for a Temporary Increase Period, the aggregate principal amount of the Investor Subordinated Creditor Short-Term Subordinated Indebtedness is equal to the Temporary Increase Amount requested by Borrowers for such period.
Sample 1

Examples of Temporary Increase Conditions in a sentence

  • Any Temporary Increase Amount during any Temporary Increase Period is subject to the Company having then met the Temporary Increase Conditions (as defined).

  • As mentioned above, the on-chain transactions will be available for all participants, including theleader.

Related to Temporary Increase Conditions

  • Increase Amount is defined in Section 2.3(a).

  • Commitment Increase Supplement as defined in subsection 2.20(c).

  • Commitment Increase Notice has the meaning assigned to such term in Section 2.19.

  • Commitment Increase Agreement has the meaning assigned to such term in Section 2.20.

  • Subordination Increase Amount As to any Distribution Date, the lesser of (i) the Subordination Deficiency and (ii) the Excess Interest.

  • Conditional Incremental Auction means an Incremental Auction conducted for a Delivery Year if and when necessary to secure commitments of additional capacity to address reliability criteria violations arising from the delay in a Backbone Transmission upgrade that was modeled in the Base Residual Auction for such Delivery Year.

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • Annual increase means, initially, fifty-nine cents per month

  • Increase Date has the meaning specified in Section 2.18(a).

  • Leverage Increase Period has the meaning specified in Section 7.11(a).

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $50,000,000, minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of this Agreement.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Facility Increase has the meaning provided in Section 2.15(a).

  • 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.

  • Increase Notice is defined in Section 2.19.

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Incremental Increase has the meaning specified in Section 2.16(a).

  • Incremental Facility Amendment has the meaning assigned to such term in Section 2.20(f).

  • Value Increase shall have the meaning ascribed to it in Section 2.4(d)(i).

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Increase Joinder has the meaning specified therefor in Section 2.14.

  • Increase Confirmation means a confirmation substantially in the form set out in Schedule 12 (Form of Increase Confirmation).

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

  • First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.

  • Maximum Incremental Facilities Amount means, at any date of determination, (a) the sum of (i) $500,000,000, plus (ii) an amount such that the Borrower is in Pro Forma Compliance with the Senior Secured Leverage Test (for the avoidance of doubt without netting any cash from the proceeds of any Indebtedness being incurred in reliance on such test and, if applicable, assuming the full amount of any New Revolving Credit Commitments are drawn), plus (iii) amounts used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to refinance or replace Revolving Credit Commitments and/or Term Loans (including any fees, accrued interest or other amounts owing in respect thereof), plus (iv) from and after the 2012 Extension Effective Date, the aggregate principal amount of 2014 Term Loans outstanding as of such date of determination, provided that such additional amounts pursuant to this clause (iv) are only available to the extent such amounts are used to incur Indebtedness the Net Cash Proceeds of which are substantially concurrently used to prepay 2014 Term Loans in accordance with Section 5.1 of this Agreement (such prepaid 2014 Term Loans, “Incremental Facility Prepaid 2014 Term Loans”) plus (v) the Dollar Equivalent principal amount of Term Loans (other than New Term Loans, Incremental Facility Prepaid 2014 Term Loans or Term Loans refinanced or replaced pursuant to clause (iii) above) voluntarily prepaid pursuant to Section 5.1 prior to such date, plus (vi) the amount of all Revolving Credit Commitments that have either been permanently reduced pursuant to Section 4.2 or have otherwise terminated in accordance with the terms of this Agreement after the 2012 Extension Effective Date (without duplication of the amounts incurred pursuant to clause (iii) above) minus (b) the sum of (i) the aggregate principal amount of New Loan Commitments incurred pursuant to Section 2.14(a) prior to such date and (ii) the aggregate principal amount of Permitted Other Indebtedness issued or incurred pursuant to Section 10.1(bb)(i)(a) prior to such date.