Additional Credit Facility Sample Clauses
Additional Credit Facility. (a) The Company may, at its option and without the consent of the Banks, in a minimum amount of $50,000,000 on each occasion, seek to increase the Aggregate Commitment by up to an aggregate amount of $200,000,000 (resulting in a maximum Aggregate Commitment of $1,000,000,000) upon at least three (3) Business Days’ prior written notice to Administrative Agent and Collateral Agent, which notice shall specify the amount of any such increase and shall be delivered at a time when no Default or Unmatured Default has occurred and is continuing. The Company may, after giving such notice and in its sole discretion, offer the increase in the Aggregate Commitment to other lenders or entities reasonably acceptable to Administrative Agent and the Company. No increase in the Aggregate Commitment shall become effective until the existing or new Banks extending such new or increased Commitment amount and the Company shall have delivered to Administrative Agent a document reasonably satisfactory to Administrative Agent and the Company pursuant to which any such existing Bank states the amount of its Commitment increase, any such new Bank states its Commitment amount and agrees to assume and accept the obligations and rights of a Bank hereunder and the Company accepts such new or increased Commitments. The Banks (new or existing) shall accept an assignment from the existing Banks, and the existing Banks shall make an assignment to the new or existing Banks accepting a new or increased Commitment, of a direct interest in each then outstanding Advance such that, after giving effect thereto, all credit exposure hereunder is held ratably by the Banks in proportion to their respective Commitments. Assignments pursuant to the preceding sentence shall be made in exchange for the principal amount assigned plus accrued and unpaid interest and accrued and unpaid facility fees. Any such increase of the Aggregate Commitment shall be subject to receipt by Administrative Agent from the Company of such supplemental opinions, resolutions, certificates and other documents as Administrative Agent may reasonably request.
(b) In addition to the foregoing, to the extent that the Company has reduced the Aggregate Commitment with respect to any or all of the Banks, the Company may, from time to time, increase any portion of any such Bank’s respective Commitment, with such Bank’s consent, in an amount up to the amount so reduced, provided that each such Bank shall accept an assignment from the exi...
Additional Credit Facility. The term "Additional Credit Facility" shall mean that certain $72,000,000.00 credit facility (also known as the "TRANCHE A CREDIT FACILITY") provided by TFC and certain other Persons to Borrower pursuant to that certain Amended and Restated Loan, Security and Agency Agreement (Tranche A) dated of even date herewith by and among Borrower, TFC and each Person which executes such agreement as a lender, as it may be amended from time to time (the "ADDITIONAL CREDIT FACILITY LOAN AGREEMENT").
Additional Credit Facility. The term “Additional Credit Facility” shall mean that certain $15,000,000 credit facility provided by WFF to Borrower pursuant to that certain Loan and Security Agreement-Inventory dated December 16, 2005 by and between Borrower and WFF and as may hereafter be further amended from time to time (the “Additional Credit Loan Agreement”).”
Additional Credit Facility. The Borrower will at all times during the term of this Agreement maintain, in addition to the Commitment hereunder, a mortgage loan funding facility of at least $100,000,000 with another lender."
(ff) [Intentionally omitted] (gg) Section 8.07 of the Warehouse Credit Agreement is amended to read in full as follows:
Additional Credit Facility. Effective as of November 9, 2007, the Bank and the Borrower agree as follows:
(a) All terms defined in the Loan Agreement that are not otherwise defined herein shall have the meanings given them in the Loan Agreement. In addition, Section 1.1 of the Loan Agreement is amended by adding the following definitions (which, in the case of definitions already defined in the Loan Agreement, hereby amend such definitions in their entirety to read as set forth below):
Additional Credit Facility. The Borrower will at all times during the term of this Agreement maintain, in addition to the Commitment hereunder, a mortgage loan funding facility of at least $1003,000,000 with another lender." Exhibit 10.4
(j) There shall be added to Section 8 of the Warehouse Credit Agreement a new section 8.17 which shall read in full as follows:
Additional Credit Facility. Notwithstanding any other provision of this Financing Agreement or the Transaction Documents, including Sections 8.5, 8.6, 8.19 and 8.24 of the Financing Agreement, Elevate Credit Parent shall be permitted to create a new Subsidiary solely for the purpose establishing a new credit facility (the “New Credit Facility”) which shall be on terms consistent with those set forth in that certain Elevate Credit, Inc. Elastic Asset-Backed Loan Facility Indicative Term Sheet dated as of April 4, 2017 or such other terms reasonably acceptable to Agent and, in each case with final documentation acceptable to Agent in its reasonable discretion, including the following:
(i) the New Credit Facility shall be a four-year credit facility with a total principal amount of $100,000,000;
(ii) Agent’s designee(s) shall be co-lender for $25,000,000 of the principal amount of the New Credit Facility which shall be advanced proportionally on pro rata basis with the other unaffiliated lenders;
(iii) the interest rate payable to the lenders on the New Credit Facility shall be no less than the London Interbank Offered Rate plus 10% per annum;
(iv) after satisfaction of the condition specified in Section 8.28(v), purchases of participation interests in Consumer Loans by (A) Borrower and (B) the new Subsidiary shall be at a ratio of 50%-50%;
(v) no borrowing or advance under the New Credit Facility in excess of $5,000,000 shall be permitted until at least $25,000,000 of the Third Additional Notes have been issued and purchased; and
(vi) none of the collateral under the New Credit Facility shall include the Collateral.”
(j) The Schedule of Lenders attached to the Financing Agreement is hereby amended and replaced by Exhibit I attached to this Amendment.
Additional Credit Facility. Section 1.1(a) is hereby restated and amended to read as follows:
(a) ADDITIONAL CREDIT FACILITY. The term "Additional Credit Facility" shall mean that certain $10,200,000 credit facility provided by Lender to Borrower pursuant to that certain Loan and Security Agreement dated April 17, 2001 by and between Borrower and Lender, as amended by the First Amendment to Loan and Security Agreement dated April 30, 2002, and as it may be further amended from time to time (the "ADDITIONAL CREDIT LOAN AGREEMENT")."
Additional Credit Facility. The definition for the defined term “Additional Credit Facility” is hereby deleted and is hereby replaced with the following:
Additional Credit Facility. Section 1.1 (Definitions) is hereby amended in part to add the following new paragraph: