Examples of Incremental Loans in a sentence
Amounts paid or prepaid in respect of Incremental Loans may not be reborrowed.
At September 30, 2009, on an adjusted basis after giving effect to the Incremental Loans, $1,433 million of additional borrowing capacity is available under our revolving credit facility, with an additional $162 million committed to back letters of credit, all of which is secured on a first priority basis.
The Incremental Loans in respect of any Incremental Facility shall rank equal in right of payment with the Loans and shall be guaranteed only by the Guarantors.
On the applicable Increase Effective Date, the Facility shall be increased (and the Commitment Percentages adjusted) accordingly and each Increasing Lender shall make Incremental Loans to the Borrower in an amount equal to the Incremental Commitment offered by (or, if applicable, allocated to) such Increasing Lender.
In addition, certain Incremental Loan Commitments (as defined in the Second Amended and Restated Credit Agreement) were terminated and the outstanding Incremental Loans were deemed to have been repaid to ING.