accordion feature

accordion feature
USA
incremental loans, Also known as an accordion feature.
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 up to a specified amount under certain terms and conditions. The advantage of this feature is that the increase in the loan amount is pre-approved by the lenders so that the borrower does not have to get the lenders' consent if it increases the loan facility at a later date.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Accordion Feature — A type of option that a company can buy that gives it the right to increase its line of credit or similar type of liability with a lender. Companies typically purchase an accordion feature in anticipation of the need for more working capital for… …   Investment dictionary

  • Accordion — Infobox Instrument name=Accordion names=Accordeon (Danish, for free bass models), Akkordeon (German), Accordéon (French), Bajan (Russian), Fisarmonica (Italian), Harmonijka (Polish), Harmonika (Danish (for standard bass modelsDyremose, Jeanette… …   Wikipedia

  • Accordion music genres — Main article: Accordion The accordion has traditionally been used to perform folk or ethnic music, popular music, and transcriptions from the operatic and light classical music repertoire.[1] Today the instrument is sometimes heard in… …   Wikipedia

  • Piano accordion — Infobox Instrument name=Piano Accordion classification=Free reed aerophone range=Right hand manual:F3 to A6 (scientific pitch notation) is the written range for the right hand manual of a standard 120 bass/41 key piano accordion, three octaves… …   Wikipedia

  • Bayan (accordion) — Infobox Instrument name=Bayan names=HS#:421.221 12 classification=Free reed aerophone range=Right hand manual:The Russian bayan and chromatic button accordions have a much greater right hand range in scientific pitch notation than an accordion… …   Wikipedia

  • Roland Virtual Accordion — The Roland Virtual Accordion is the world s first electronic instrument to use Physical Behaviour Modelling (PBM) to simulate a wide range of acoustic instruments, including many musettes, bandoneon, concertina, and other ethnic accordions and… …   Wikipedia

  • incremental loans — USA incremental loans, Also known as an accordion feature. 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 up to a… …   Law dictionary

  • incremental loan — USA incremental loans, Also known as an accordion feature. 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 …   Law dictionary

  • "Weird Al" Yankovic — This article is about the musician. For his self titled debut album, see Weird Al Yankovic (album). Weird Al Yankovic …   Wikipedia

  • Organ (music) — Organ 1741 Pipe organ in Église Saint Thomas, Strasbourg, France. Classification Keyboard instrument (Aerophone) Playing r …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”