Incremental Revolving Credit Commitments definition

Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).
Incremental Revolving Credit Commitments as defined in Section 2.25(a).
Incremental Revolving Credit Commitments has the meaning specified in Section 2.16(c). “Incremental Term Loan Class” has the meaning specified in Section 2.16(b). “Incremental Term Loans” has the meaning specified in Section 2.16(b). “Incurrence-Based Amounts” has the meaning specified in Section 1.08(c). “Indebtedness” means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: (a) (i) all obligations of such Person for borrowed money and (ii) all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments or agreements to the extent the same would appear as a liability on a balance sheet (excluding footnotes thereto) of such Person in accordance with GAAP; (b) the maximum available amount of all letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds, performance bonds and similar instruments issued or created by or for the account of such Person; (c) net obligations of such Person under Swap Contracts (with the amount of such net obligations being deemed to be the aggregate Swap Termination Value thereof as of such date); (d) all obligations of such Person to pay the deferred purchase price of property or services, (other than (i) accrued expenses and trade accounts payable in the ordinary course of business (including on an inter-company basis), (ii) any earn-out obligation until such obligation (A) appears in the liabilities section of the balance sheet of such Person (excluding the footnotes thereto) in accordance with GAAP and (B) has not been paid within 7 days after becoming due and payable, (iii) any earn-out obligation that appears in the liabilities section of the balance sheet of such Person, to the extent (A) such Person is indemnified for the payment thereof by a solvent Person reasonably acceptable to the Administrative Agent or (B) amounts to be applied to the payment therefor are in escrow and (iv) liabilities associated with customer prepayments and deposits in the ordinary course of business); (e) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales or other title retention agreements and mortgage, industrial revenue bond, industrial development bond and similar financings), whether or not such indebtedness shall have been assumed by such Person or i...

Examples of Incremental Revolving Credit Commitments in a sentence

  • The Administrative Agent and the 2024 Incremental Revolving Credit Lenders hereby agree that the notice requirements set forth in Section 2.22 of the Existing Credit Agreement have been satisfied with respect to the 2024 Incremental Revolving Credit Commitments.

  • Each Borrowing of Incremental Revolving Credit Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Incremental Revolving Credit Commitments.


More Definitions of Incremental Revolving Credit Commitments

Incremental Revolving Credit Commitments has the meaning specified in Section 2.14(a). “Incremental Revolving Increase Lender” has the meaning specified in Section 2.14(e). 41
Incremental Revolving Credit Commitments shall have the meaning assigned to such term in Section 2.24(a).
Incremental Revolving Credit Commitments means the “Incremental Revolving Credit Commitments” (or any comparable term) as defined in the First Lien Credit Agreement.
Incremental Revolving Credit Commitments means any commitment made by a lender to provide all or any portion of any Incremental Revolving Facility or Incremental Revolving Loan.
Incremental Revolving Credit Commitments has the meaning specified for such term in this Agreement as in effect immediately prior to the Amendment Effective Date (and without giving effect to the Amendment Agreement), it being understood that from and after the Amendment Effective Date, no Incremental Facilities are permitted hereunder without an amendment to this Agreement providing for such Incremental Revolving Credit Commitments approved by the Administrative Agent and the Required Lenders.
Incremental Revolving Credit Commitments has the meaning set forth in Section 2.24(a) and shall include the Fifth Amendment Incremental Revolver Increase.
Incremental Revolving Credit Commitments means such commitments of all of such Lenders in the aggregate. The amount of a Lender’s Incremental Revolving Credit Commitment is set forth, if applicable, in the Incremental Amendment evidencing an Incremental Revolving Facility.