Incremental Facility Maximum Amount definition
Incremental Facility Maximum Amount means the sum of (A) the greater of (x) $575,000,000 and (y) an amount equal to 100% of Pro Forma EBITDA for the most recently ended Testing Period, plus the aggregate amount of all voluntary prepayments (other than in connection with a refinancing) of the Term Loans and permanent reductions of the Revolving Credit Commitments, in each case, made prior to the date of incurrence of the applicable Incremental Revolving Credit Commitment or Incremental Term Loan Commitment and (B) unlimited additional amounts so long as immediately after giving effect to any Incremental Revolving Credit Commitment or any Incremental Term Loan Commitment pursuant to this clause (B) and, in each case, the application of the proceeds thereof (including any permitted Investment made with such proceeds in accordance with the terms of this Agreement), on a Pro Forma Basis (including with respect to any Permitted Acquisition or other permitted Investment to be made in whole or in part with the proceeds of the relevant Incremental Term Loan (including under any Incremental Term Loan Commitment becoming effective with any Incremental Revolving Credit Commitment)) and assuming in the case of any Revolving Commitments (including any Incremental Revolving Credit Commitments) that such Revolving Commitments are fully utilized, the Consolidated Net Secured Leverage Ratio as of the last day of the Testing Period most recently ended does not exceed 4.40:1.00 (excluding, solely for the purposes of this calculation, the cash proceeds of any Incremental Term Loans or Incremental Revolving Loans and any Incremental Revolving Credit Commitments or Incremental Term Loan Commitments incurred simultaneously and, in any such case the Consolidated Net Secured Leverage Ratio being permitted to exceed such limit to the extent of such Incremental Facilities incurred substantially concurrently in reliance on clause (A)); provided that, if any Incremental Revolving Credit Commitment or Incremental Term Loan Commitment is incurred in connection with a Limited Condition Acquisition, such ratio shall be calculated as of the date the definitive agreement in respect of such Limited Condition Acquisition is entered into; provided, further that in the case of both clauses (A) and (B) in the aggregate, not more than $100,000,000 (plus the aggregate amount of all voluntary reductions of the Revolving Credit Commitments) may be in the form of Incremental Revolving Credit Commitments.
Incremental Facility Maximum Amount means $90,000,000.
Incremental Facility Maximum Amount means, at any time, an amount equal to the lesser of (a) the “Maximum Available Amount” under the League-Wide Credit Facility at such time minus $100,000,000 and (b) $50,000,000.
Examples of Incremental Facility Maximum Amount in a sentence
The Borrower may elect, subject to approval of Required Lenders and the consent of the Administrative Agent, to increase the Commitments (the "Incremental Facility Commitments") by an aggregate amount not in excess of the Incremental Facility Maximum Amount.
The parties agree and acknowledge that (a) the increase in the Revolving Facility pursuant to this Amendment does not constitute an Incremental Revolving Facility pursuant to Section 2.17 of the Credit Agreement, and (b) the full Incremental Facility Maximum Amount remains available to the Borrower as of the date hereof, subject to the terms and conditions set forth in the Credit Agreement.
More Definitions of Incremental Facility Maximum Amount
Incremental Facility Maximum Amount set forth in Section 1.1 of the Existing Credit ----------- Agreement is hereby amended to read in its entirety as "$75,000,000".
Incremental Facility Maximum Amount means $75,000,000.
Incremental Facility Maximum Amount the U.S. Borrower is in compliance on a Pro Forma Basis (including with respect to any Permitted Acquisition or permitted Investment to be made in whole or in part, with the proceeds of the relevant Incremental Term Loan (including any Incremental Term Loan Commitment becoming effective contemporaneously with any Incremental Revolving Credit Commitment)) with the Consolidated Net Secured Leverage Ratio required therein. Any additional conditions to the entry into or the making of any Loans pursuant to any Incremental Term Loan Commitment and/or Incremental Revolving Credit Commitment, including the timing of any such conditions (as between being made (x) upon execution of an Additional Credit Extension Amendment or (y) upon the making of any Loans thereunder) shall be as agreed to between the Applicable Borrower and the Lenders providing such Incremental Term Loans and/or Incremental Revolving Loans (including the scope of any representations and warranties to be made at the time the transaction is consummated).
Incremental Facility Maximum Amount in an aggregate amount from and after the Amendment No. 1 Effective Date in excess of (x) $300,000,000 minus (y) the aggregate amount of Indebtedness incurred by the U.S. Borrower or any of its Restricted Subsidiaries or committed by Lenders to the U.S. Borrower and/or its Restricted Subsidiaries in reliance on such clause (A) prior to the Amendment No. 1 Effective Date (which amount in this subclause (y) is $50,000,000); provided, that it is understood and agreed, for the avoidance of doubt, that failure to comply with any limitation set forth in clauses (i) through (iv) above shall be a Financial Covenant Event of Default.
Incremental Facility Maximum Amount means $50,000,000.
Incremental Facility Maximum Amount means the sum of (A) $75,000,000, plus the aggregate amount of all voluntary reductions of the Revolving Credit Commitments made prior to the date of incurrence of the applicable Incremental Revolving Loan or Incremental Term Loan and (B) unlimited additional amounts so long as immediately after giving effect to any Incremental Revolving Loan, any Incremental Term Loan and, in each case, application of the proceeds thereof, on a Pro Forma Basis and assuming in the case of any Revolving Facility (including any Incremental Revolving Credit Facility) that such Revolving Credit Commitments are fully utilized, the Consolidated Net Secured Leverage Ratio as of the last day of the most recently ended Testing Period does not exceed the lesser of (1) the Closing Date Consolidated Net Secured Leverage Ratio minus 0.50x and (2) the maximum Consolidated Net Secured Leverage Ratio then applicable pursuant to Section 7.07 (of which amounts, in the case of both clauses (A) and (B) in the aggregate, not more than $25,000,000 (plus the aggregate amount of all voluntary reductions of the Revolving Credit Commitments) may be in the form of Incremental Revolving Credit Commitments).
Incremental Facility Maximum Amount. $15,000,000.