Common use of Accordion Facility Clause in Contracts

Accordion Facility. Subject to the terms and conditions set forth herein below, the Borrower shall have a right at any time to increase the aggregate amount of the Commitment (the “Accordion Increase”) in an amount acceptable to the Administrative Agent in its commercially reasonable discretion; provided, however, that the aggregate amount of the Accordion Increase shall not result in the aggregate amount of the Commitment to exceed $785,000,000. The following additional terms and conditions shall apply to the Accordion Increase:

Appears in 2 contracts

Samples: Revolving Credit Agreement (World Acceptance Corp), Revolving Credit Agreement (World Acceptance Corp)

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Accordion Facility. Subject to the terms and conditions set forth herein below, the Borrower shall have a right at any time to increase the aggregate amount of the Commitment (the “Accordion Increase”) in an amount acceptable to the Administrative Agent in its commercially reasonable discretion; provided, however, that the aggregate amount of the Accordion Increase shall not result in the aggregate amount of the Commitment to exceed $785,000,000. The following additional terms and conditions shall apply to the Accordion Increase:: 17 SECTION 3 Fees, Extensions and Applications. 18

Appears in 1 contract

Samples: Revolving Credit Agreement (World Acceptance Corp)

Accordion Facility. Subject to the terms and conditions set forth herein below, the Borrower shall have a right at any time to increase the aggregate amount of the Commitment (the “Accordion Increase”) in an amount acceptable to the Administrative Agent in its commercially reasonable discretion; provided, however, that the aggregate amount of the Accordion Increase shall not result in the aggregate amount of the Commitment to exceed $785,000,000600,000,000. The following additional terms and conditions shall apply to the Accordion Increase:

Appears in 1 contract

Samples: Revolving Credit Agreement (World Acceptance Corp)

Accordion Facility. Subject to the terms and conditions set forth herein below, the Borrower shall have a right at any time to increase the aggregate amount of the Commitment (the “Accordion Increase”) in an amount acceptable to the Administrative Agent in its commercially reasonable discretion; provided, however, that the aggregate amount of the Accordion Increase shall not result in the aggregate amount of the Commitment to exceed $785,000,000685,000,000. The following additional terms and conditions shall apply to the Accordion Increase:: ‑11‑

Appears in 1 contract

Samples: Revolving Credit Agreement (World Acceptance Corp)

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Accordion Facility. Subject to the terms and conditions set forth herein below, the Borrower shall have a right at any time to increase the aggregate amount of the Commitment (the “Accordion Increase”) in an amount acceptable to the Administrative Agent in its commercially reasonable discretion; provided, however, that the aggregate amount of the Accordion Increase shall not result in the aggregate amount of the Commitment to exceed $785,000,000500,000,000. The following additional terms and conditions shall apply to the Accordion Increase:

Appears in 1 contract

Samples: Revolving Credit Agreement (World Acceptance Corp)

Accordion Facility. Subject to the terms and conditions set forth herein below, the Borrower Borrowers shall have a right at any time to increase the aggregate amount of the Commitment Maximum Principal Amount (the “Accordion Increase”) in an amount acceptable to the Administrative Agent in its commercially reasonable discretionsole and absolute discretion (and without the approval of any Lenders); provided, however, that the aggregate amount of the Accordion Increase shall not result in the aggregate amount of the Commitment to exceed Twenty Five Million Dollars ($785,000,00025,000,000). The following additional terms and conditions shall apply to the Accordion Increase:

Appears in 1 contract

Samples: Loan and Security Agreement (Aaron's Inc)

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