Funding some of the product development without committing to funding all of it. The Incremental Term Loans shall be deemed to be Loans under and as defined in this Agreement. Download PDF/Doc A term loan usually involves an unfixed interest rate that will add additional balance to be repaid.. Usage. INCREMENTAL TERM LOAN JOINDER AGREEMENT NO. Term loans can be given on an individual basis, but are often used for small business loans. All contents of the lawinsider.com excluding publicly sourced documents are Copyright © 2013-. Incremental Cost Of Capital: A term used in capital budgeting , the incremental cost of capital refers to the average cost a company incurs to issue one additional unit of debt or equity. Indebtedness incurred under the Revolving Credit Facility, provided that such Indebtedness (i) is subject at all times to the Intercreditor Agreement and (ii) does not exceed a maximum principal amount equal to the difference of (A) $320,000,000 minus (B) the aggregate principal amount of all Incremental Term Loans in excess of $100,000,000 incurred under this Agreement on or after the Closing Date pursuant to Section 2.06. Incremental housing requires flexible, relatively small short-term loans that are responsive to the intermittent demands of housing. Any proposed Incremental Lender offered or approached to provide all or a portion of any Incremental Loan Commitment may elect or decline, in its sole discretion, to provide such Incremental Loan Commitment.. Increasing production may increase or decrease the marginal cost, because the marginal cost includes all costs such as labor, materials, and the cost of infrastructure. Also known as an accordion feature. Once the preserve of large cap deals and top tier sponsors, incremental facilities (which can otherwise be known as accordion or additional facilities) have become a permanent feature of the leveraged loan markets and are becoming increasingly common in the corporate loan space. Incremental definition, increasing or adding on, especially in a regular series: small, incremental tax hikes. Using incremental funding, we fund just the first small part of the development effort and revisit the funding decision after we have the critical validated … Despite its simplicity and consistency, incremental budgeting is frequently criticized for a number of underlying flaws. Learn more. A feature of some loan agreements that allows the borrower to add a new term loan tranche or increase the revolving credit loan commitments under an existing loan facility n. 1. Amounts paid or prepaid in respect of Incremental Term Loans may not be reborrowed. How to use incremental in a sentence. Marginal Cost The total cost to a company to produce one more unit of a product. The marginal cost varies according to how many more or fewer units a company wishes to produce. Incremental definition: Incremental is used to describe something that increases in value or worth , often by a... | Meaning, pronunciation, translations and examples 1, dated as of August 20, 2012 (this “Joinder Agreement”), by and among LIVE NATION ENTERTAINMENT, INC., a Delaware corporation (the “Parent Borrower”), JPMORGAN CHASE BANK, N.A., as Administrative Agent (“Administrative Agent”) under the Credit Agreement (as defined … Define incremental. Figure out the corporate borrowing rate taking into account the currency, economic environment and the term of the loan and make any necessary adjustments, such as for security and asset type. This agreement allows the borrower to get an additional loan on the existing loan. Find more ways to say incremental, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. Incremental costs are also referred to as the differential costs and they may be the relevant costs for certain short run decisions involving two alternatives. Contains details like the amount of incremental cost is the total cost to a company produce... Incremental housing requires flexible, relatively small short-term loans that are responsive to the demands! Despite its simplicity and consistency, incremental tax hikes is the difference in total costs as the result a. Under the same terms and documentation as a prior loan 2. small: 3. in a of. Same terms and documentation as a prior loan are Copyright © 2013- a... Is issued under the same terms and documentation as a prior loan Section 2.01 ( )... Incremental budgeting is frequently criticized for a number of underlying flaws allows the Borrower to get an additional on. 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