Incremental Sample Clauses
The Incremental clause allows for the gradual implementation or delivery of goods, services, or obligations under a contract in defined stages or portions. Typically, this means that each phase or segment is completed and accepted before moving on to the next, and payments or other contractual obligations may be tied to the successful completion of each increment. This approach helps manage risk by ensuring that both parties can monitor progress and address issues early, thereby reducing the likelihood of large-scale failure or disputes.
Incremental. Term B-1 Loans. Subject to the terms and conditions set forth in Amendment No. 7, each of the following Term B-1 ▇▇▇▇▇▇▇ severally agrees to make to the Borrower on the Amendment No. 7 Effective Date, loans (collectively, the “Incremental Term B-1 Loans”) denominated in Dollars as follows: (1) each Consenting Extended Term Lender that elects the “Consent and Cashless Amendment” option on its Extended Term Lender Consent agrees to have all of its outstanding Extended Term Loans (or such lesser amount as may be notified to such Consenting Extended Term Lender by the Administrative Agent or the Amendment No. 7 Arrangers prior to the Amendment No. 7 Effective Date) converted into a like principal amount of Incremental Term B-1 Loans effective as of the Amendment No. 7 Effective Date, (2) each Additional Incremental Term B-1 Lender severally agrees to make to the Borrower on the Amendment No. 7 Effective Date, loans (collectively, the “Additional Incremental Term B-1 Loans”) denominated in Dollars in an aggregate amount equal to the amount of such Additional Incremental Term B-1 Lender’s Additional Incremental Term B-1 Commitment and (3) each Consenting Extended Term Lender that elects the “Consent and Post-Closing Settlement” option on its Extended Term Lender Consent agrees to have the entire amount of its outstanding Extended Term Loans assigned to the Additional Incremental Term B-1 Lenders at par on the Amendment No. 7 Effective Date and following the Amendment No. 7 Effective Date, such Consenting Extended Term Lender (or its designated Affiliate, if agreed by the Amendment No. 7 Arrangers) shall purchase by assignment Incremental Term B-1 Loans in an equal principal amount as its outstanding Extended Term Loans or such lesser amount allocated to such Consenting Extended Term Lender by the Amendment No. 7
Incremental. Costs 360,000 - 100%
Incremental out‑of‑pocket costs incurred for the direct benefit and convenience of a Dominion Company or group of Dominion Companies will be charged directly to such Dominion Company or group of Dominion Companies. Such costs incurred for a group of Dominion Companies will be allocated on the basis of an appropriate formula.
Incremental. Saving shall mean a saving achieved by the Private Party as a result of costs not incurred by the Private Party during the Necessary Action, less the reasonable costs incurred by the Private Party in meeting the Output Specifications after the Necessary Action; where such cost is incurred as a result of the Municipality failing to undertake programmed preventative maintenance or otherwise failing to maintain the Facilities in accordance with the Output Specifications. However, where a negligent act or omission by the Private Party in performing the Services caused the urgent risk that led to the Municipality to exercise the step-in rights under this clause 69, the costs incurred by the Private Party in meeting the Output Specifications after the Necessary Action will not be deducted;
Incremental. Equity Interest is defined as the cumulative incremental share of the equity of the Company that shall be earned by GeoPark from the LGI Shareholder, each time the RF is achieved within the specified range. For the avoidance of doubt, any Incremental Equity Interest earned by GeoPark and paid by the LGI Shareholder, shall not be earned back by the LGI Shareholder notwithstanding any change in the RF, whether positive or negative.
Incremental. (Batch) Estimation of the Weighted Mean and Covariance x − x¯ x¯
Incremental. Amendment No. 1, dated as of October 1, 2014, by and among the US Borrowers, the Agent, the lending institutions party thereto and the other agents and entities party thereto, (iii) Amendment No. 3, dated as of February 13, 2015, by and among the US Borrowers, the Euro Tranche C-5 Borrowers, the Agent, the lending institutions party thereto and the other agents and entities party thereto, (iv) Amendment No. 4, dated as of December 3, 2015, by and among the Borrowers, the Agent, the lending institutions party thereto and the other agents and entities party thereto, (v) Amendment No. 5, dated as of October 14, 2016, by and among the Borrowers, the Agent, the lending institutions party thereto and the other agents and entities party thereto and (vi) Amendment No. 6, dated as of December 6, 2016, by and among the Borrowers, the Agent, the lending institutions party thereto and the other agents and entities party thereto, and as further amended, restated, amended and restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Credit Agreement”), the Lenders have extended, and have agreed to extend, credit to the Borrowers, including the Term Loans, the Revolving Credit Loans and Revolving Credit Commitments. B.Pursuant to the Credit Agreement, the Borrowers may obtain Incremental Term Loans by, among other things, entering into an Incremental Amendment in accordance with the terms and conditions of the Credit Agreement.
Incremental. Operating Costs 625,000 50%
Incremental. Term B-1 Loans. The Borrowers confirm and agree that (i) they have requested to establish a new Class of Incremental Term Loan Commitments (the “Incremental Term B-1 Commitments”) in the aggregate principal amount of $700,000,000.00 from the Incremental Term B-1 Lenders in accordance with Section 2.21 of the Credit Agreement and herein, effective on the Incremental Term B-1 Funding Date and (ii) on the Incremental Term B-1 Funding Date, the Lux Borrower will borrow the full amount of Term Loans under the Incremental Term B-1 Commitments (the “Incremental Term B-1 Loans”) from the Incremental Term B-1 Lenders. Effective on and at all times after the Incremental Term B-1 Funding Date, the Incremental Term B-1 Loans will constitute a separate Class of Other Incremental Term Loans and, except as specifically set forth herein, shall be subject to terms that are identical to the terms of the Initial Term B Loans as in effect on the Incremental Term B-1 Funding Date. Subject to Section 2.26(d) of the Credit Agreement (as modified hereby), the Incremental Term B-1 Loans shall be entitled to share in the mandatory prepayments of Term Loans under Section 2.11 of the Credit Agreement (as modified hereby) on a pro rata basis with the Initial Term B Loans.
Incremental. Sterling Lenders make the Incremental Sterling Loans specified in the notice of borrowing in respect thereof on the requested borrowing date. Each borrowing of Incremental Sterling Loans shall be in an amount equal to (i) in the case of Sterling Base Rate Loans, 350,000 or a whole multiple of 100,000 in excess thereof (or if the then aggregate undrawn amount of the Incremental Sterling Credit Commitment is less than 350,000, such lesser amount), and (ii) in the case of Domestic Sterling Loans, 750,000 or a whole multiple of 100,000 in excess thereof. Upon receipt of any such notice of borrowing from the UK Borrower, the Agent shall promptly notify each Incremental Sterling Lender of receipt of such notice of borrowing. Subject to the terms and conditions hereof, each Incremental Sterling Lender will make the amount of its pro rata share of each borrowing of Incremental Sterling Loans available to the Agent for the account of the UK Borrower at the office of the Agent specified in subsection 18.2 prior to 12:00 Noon, London, England time, on the borrowing date requested by the UK Borrower in funds immediately available to the Agent. Such borrowing will then be made available to the UK Borrower by the Agent crediting the account of the UK Borrower on the books of such office with the aggregate of the amounts made available to the Agent by the Incremental Sterling Lenders and in like funds as received by the Agent.