Accordion Amount definition

Accordion Amount is defined in Section 2.2.1.

Accordion Amount has the meaning given to that term in paragraph (a) of Clause 2.2 (Accordion feature — Increase of Facility B).

Accordion Amount means the aggregate amount of any increase in the Facility B Commitments pursuant to Clause 2.2 (Accordion feature — Increase of Facility B); and

Examples of Accordion Amount in a sentence

• The increase in the Total Loan Commitment pursuant to any such particular request shall be at least an amount (the “Minimum Request”) equal to the lesser of (x) $50,000,000 or (y) the Accordion Amount less all previous increases in the Total Loan Commitment pursuant to this Section.

• Notwithstanding anything to contrary herein, the principal amount of any Accordion Term Loans or Accordion Revolving Commitments shall not exceed the Available Accordion Amount at such time.

• The increase in the Revolving Commitment Amount pursuant to any such particular request shall be at least an amount (the “Minimum Request”) equal to the lesser of (x) $10,000,000 or (y) the Accordion Amount less all previous increases in the Revolving Commitment Amount pursuant to this Section.

• After giving effect to such Accordion Term Loan, the total of all Accordion Term Loans plus all increases to the Revolving Credit Commitments effectuated pursuant to Section 2.11 shall not exceed in the aggregate the Maximum Accordion Amount.

• Requests by the Borrowers for approval of advances under this Section 2.2.2(a)(iv) shall seek an increased amount of no less than $5,000,000.00 per request (or, if less, any remaining unfunded amount of the Accordion Amount or such lower amounts agreed to by Lender), and shall not be made less than thirty (30) days prior to the Maturity Date.

More Definitions of Accordion Amount

Accordion Amount means, as of any date of determination, the difference between $200,000,000 and the Aggregate Commitments in effect on such date of determination.

Accordion Amount has the meaning set forth in Section 2.2(h).

Accordion Amount means an amount up to $25,000,000.

Accordion Amount set forth in Article I of the Credit Agreement is hereby amended to read as follows:

Accordion Amount means, at any time, $750,000,000.

Accordion Amount means, at any time, $500,000,000.

Accordion Amount means $50,000,000.