Common use of Borrower Request Clause in Contracts

Borrower Request. The Borrower may by written notice to the Administrative Agent, elect to request the establishment of one or more new Term Loan Commitments (each, an “Incremental Term Loan Commitment”) (x) in an aggregate principal amount of not less than $50,000,000 individually and (y) an integral multiple of $1,000,000 in excess thereof. Each such notice shall specify (i) date on which the Borrower proposes that such Incremental Term Loan Commitments shall be effective (each, an “Increase Effective Date”), which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Lender or Additional Lender to whom the Borrower proposes any portion of such Incremental Term Loan Commitments be allocated and the amount of such allocations; provided that any existing Lender approached to provide all or a portion of any Incremental Term Loan Commitments may elect or decline, in its sole discretion, to provide such Incremental Term Loan Commitments.

Appears in 3 contracts

Samples: Credit Agreement (Novelis Inc.), Credit Agreement (Novelis Inc.), Security Agreement (Novelis Inc.)

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Borrower Request. The Borrower may by written notice to the Administrative Agent, Agent elect to request prior to the establishment of Revolving Credit Maturity Date, one or more new Term Loan increases to the existing Revolving Credit Commitments (each, an “Incremental Term Loan Revolving Commitment”) (x) by an amount not in an excess of the aggregate principal amount of not less than $50,000,000 individually and (y) an integral multiple sum of $1,000,000 in excess thereof10,000,000. Each such notice shall specify (i) the date on which the Borrower proposes that such Incremental Term Loan Commitments shall be effective (each, an “Increase Effective Date”)) on which the Borrower proposes that the Incremental Revolving Commitment shall be effective, which shall be a date Business Day not less than 10 ten (10) Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Lender or Additional Lender assignee permitted by Section 12.04(b) to whom the Borrower proposes any portion of such Incremental Term Loan Revolving Commitments be allocated and the amount amounts of such allocations; provided that any existing Lender approached to provide all or a portion of any the Incremental Term Loan Revolving Commitments may elect or decline, in its sole discretion, to provide such Incremental Term Loan CommitmentsRevolving Commitment.

Appears in 1 contract

Samples: Credit Agreement (PMFG, Inc.)

Borrower Request. The Borrower may by written notice to the Administrative Agent, Agent elect to request the establishment of one or more new Term Loan Commitments (each, an “Incremental Term Loan Commitment”) (x) ), by an amount not in an excess of $50,000,000 of increased Commitments in the aggregate principal amount of and not less than $50,000,000 individually and (y) an integral multiple of $1,000,000 in excess thereof10,000,000 individually. Each such notice shall specify (i) the date on which the Borrower proposes that such Incremental Term Loan Commitments shall be effective (each, an “Increase Effective Date”)) on which the Borrower proposes that the Incremental Term Loan Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Lender or Additional Lender proposed lender to whom the Borrower proposes any portion of such Incremental Term Loan Commitments be allocated and the amount amounts of such allocations; provided that any existing Lender approached to provide all or a portion of any the Incremental Term Loan Commitments may elect or decline, in its sole discretion, to provide such new Incremental Term Loan CommitmentsCommitment.

Appears in 1 contract

Samples: Credit Agreement (Young Broadcasting Inc /De/)

Borrower Request. The U.S. Borrower may by written notice to the Administrative Agent, Agent elect to request the establishment of one or more new Term Loan Commitments (each, an "Incremental Term Loan Commitment") (x) by an amount not in an excess of $200.0 million in the aggregate principal amount of and not less than $50,000,000 individually and (y) an integral multiple of $1,000,000 in excess thereof10.0 million individually. Each such notice shall specify (i) the date on which the Borrower proposes that such Incremental Term Loan Commitments shall be effective (each, an "Increase Effective Date”)") on which U.S. Borrower proposes that the Incremental Term Loan Commitment shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Lender or Additional Lender Eligible Assignee to whom the U.S. Borrower proposes any portion of such Incremental Term Loan Commitments Commitment be allocated and the amount amounts of such allocations; provided that any existing Lender approached to provide all or a portion of any the Incremental Term Loan Commitments Commitment may elect or decline, in its sole discretion, to provide such Incremental Term Loan CommitmentsCommitment.

Appears in 1 contract

Samples: Credit Agreement (Samsonite Corp/Fl)

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Borrower Request. The Borrower may by written notice to the Administrative Agent, elect to request the establishment of one or more new Term Loan Commitments (each, an “Incremental Term Loan Commitment”) (x) in an aggregate principal amount of not less than $50,000,000 25,000,000 individually and (y) an integral multiple of $1,000,000 in excess thereof. Each such notice shall specify (i) date on which the Borrower proposes that such Incremental Term Loan Commitments shall be effective (each, an “Increase Effective Date”), which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Lender or Additional Lender to whom the Borrower proposes any portion of such Incremental Term Loan Commitments be allocated and the amount of such allocations; provided that any existing Lender approached to provide all or a portion of any Incremental Term Loan Commitments may elect or decline, in its sole discretion, to provide such Incremental Term Loan Commitments.

Appears in 1 contract

Samples: Credit Agreement (Novelis Inc.)

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