Common use of Additional Loans and Commitments Clause in Contracts

Additional Loans and Commitments. (a) Subject to the satisfaction of all of the conditions set forth in Section 6 hereof, each Lender severally agrees to make a Loan to the Borrower on the Third Amendment Funding Date (as defined below) in an amount equal to the commitment amount set forth next to such Lender’s name on Annex 1 hereto under the caption “Third Amendment Loans” (the “Third Amendment Loans”) and (b) subject to the satisfaction of the conditions set forth in Section 6.02 of the Credit Agreement (including, without limitation, the condition specified in Section 6.02(i) of the Credit Agreement) and the other provisions of the Term Loan Documents, each Lender severally agrees, and each Existing Lender reaffirms its commitment, to make Additional Term Loans to the Borrower pursuant to the Credit Agreement from time to time on any Business Day after the Third Amendment Funding Date and on or prior to the Commitment Termination Date in an amount equal to the commitment amount set forth next to such Lender’s name on Annex 1 hereto under the caption “Remaining Commitment after giving effect to the making of the Existing Term Loans and Third Amendment Term Loans” (the “Third Amendment Commitment”). Immediately upon the borrowing of the Third Amendment Loans on the Third Amendment Funding Date, (i) the Third Amendment Loans shall be added to, and made a part of, the Loans under the Credit Agreement (as amended hereby), (ii) the Third Amendment Loans shall constitute “Loans” under and as defined in the Credit Agreement (as amended hereby) and (iii) the Third Amendment Commitment of each Lender shall constitute such Lender’s “Commitments” under and as defined in the Credit Agreement (as amended hereby).

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Legacy Reserves Inc.), Term Loan Credit Agreement (Legacy Reserves Lp)

AutoNDA by SimpleDocs

Additional Loans and Commitments. (a) Subject The Borrower, the Administrative Agent and one or more Lenders or other financial institutions may on one or more occasions, and without the consent of any other Lender, amend this Agreement to provide for (i) new Additional Tranche Term Loans of such Lenders or other financial institutions of one or more additional Classes or (ii) an increase to the satisfaction of all of the conditions set forth in Section 6 hereof, each existing Revolving Commitments (any Lender severally agrees or other financial institution making a new Additional Tranche Term Loan or Term Commitment or extending a new Revolving Commitment pursuant to make a Loan to the Borrower on the Third Amendment Funding Date clause (as defined belowi) or (ii) above being called an “Incremental Lender”); provided that (A) in an amount equal the case of any Additional Tranche Term Loans established or any Additional Revolving Commitments established pursuant to the commitment amount set forth next to such Lender’s name on Annex 1 hereto under the caption “Third Amendment Loans” clauses (the “Third Amendment Loans”i) and or (bii) subject to the satisfaction of the conditions set forth in Section 6.02 of the Credit Agreement (including, without limitationabove, the condition specified in Section 6.02(i) of aggregate principal amount thereof shall not exceed, the Credit Agreement) and the other provisions of the Term Loan DocumentsPermitted Incremental Amount at such time, each Lender severally agrees, and each Existing Lender reaffirms its commitment, to make plus Additional Tranche Term Loans to the Borrower pursuant to the Credit Agreement from time to time on any Business Day after the Third Amendment Funding Date and on or prior to the Commitment Termination Date in an amount equal to the commitment amount set forth next to such Lender’s name on Annex 1 hereto under the caption “Remaining Commitment Additional Revolving Commitments so long as after giving effect thereto on a pro forma basis (assuming for purposes thereof that any Term Commitments and such Additional Revolving Commitments have been fully drawn), the Borrower and its Restricted Subsidiaries shall be in compliance with a Senior Secured Leverage Ratio of not greater than 2.00:1.00, (B) each Incremental Lender, if not already a Lender hereunder, shall be reasonably acceptable to the making Administrative Agent and, in the case of an Incremental Lender establishing an Additional Revolving Commitment, each Issuing Bank and the Swingline Lender, (C) no Lender shall be required to participate in the Additional Tranche Term Loans or the Additional Revolving Commitments and (D) the aggregate principal amount of the Existing new Additional Tranche Term Loans and Third Amendment Term Loans” (being established or the “Third Amendment Commitment”). Immediately upon the borrowing of the Third Amendment Loans Additional Revolving Commitments being established on the Third Amendment Funding Date, any one occasion pursuant to clause (i) the Third Amendment Loans shall be added to, and made a part of, the Loans under the Credit Agreement (as amended hereby), or (ii) above shall be an integral multiple of $1,000,000 and not less than $25,000,000 (or shall equal the Third Amendment maximum amount of new Additional Tranche Term Loans shall constitute “Loans” or Additional Revolving Commitments, as the case may be, at the time permitted to be made or established under and as defined in the Credit Agreement clause (as amended herebyA) and (iii) the Third Amendment Commitment of each Lender shall constitute such Lender’s “Commitments” under and as defined in the Credit Agreement (as amended herebythis proviso).

Appears in 1 contract

Samples: Assignment and Assumption (Healthsouth Corp)

Additional Loans and Commitments. (a%3) Subject The Borrower, the Administrative Agent and one or more Lenders or other financial institutions may on one or more occasions, and without the consent of any other Lender, amend this Agreement to provide for (i) new Additional Tranche Term Loans of such Lenders or other financial institutions of one or more additional Classes or (ii) an increase to the satisfaction of all of the conditions set forth in Section 6 hereof, each existing Revolving Commitments (any Lender severally agrees or other financial institution making a new Additional Tranche Term Loan or extending a new Term Commitment or Revolving Commitment pursuant to make a Loan to the Borrower on the Third Amendment Funding Date clause (as defined belowi) or (ii) above being called an “Incremental Lender”); provided that (A) in an amount equal the case of any Additional Tranche Term Loans established or any Additional Revolving Commitments established pursuant to the commitment amount set forth next to such Lender’s name on Annex 1 hereto under the caption “Third Amendment Loans” clauses (the “Third Amendment Loans”i) and or (bii) subject to the satisfaction of the conditions set forth in Section 6.02 of the Credit Agreement (including, without limitationabove, the condition specified in Section 6.02(i) of aggregate principal amount thereof shall not exceed the Credit Agreement) and the other provisions of the Term Loan Documents, each Lender severally agrees, and each Existing Lender reaffirms its commitment, to make Permitted Incremental Amount at such time plus Additional Tranche Term Loans to the Borrower pursuant to the Credit Agreement from time to time on any Business Day after the Third Amendment Funding Date and on or prior to the Commitment Termination Date in an amount equal to the commitment amount set forth next to such Lender’s name on Annex 1 hereto under the caption “Remaining Commitment Additional Revolving Commitments so long as after giving effect thereto on a pro forma basis (assuming for purposes thereof that any Term Commitments and such Additional Revolving Commitments have been fully drawn), the Borrower and its Restricted Subsidiaries shall be in compliance with a Senior Secured Leverage Ratio of not greater than 3.50:1.00, (B) each Incremental Lender, if not already a Lender hereunder, shall be reasonably acceptable to the making Administrative Agent, and, in the case of an Incremental Lender establishing an Additional Revolving Commitment, each Issuing Bank and the Swingline Lender, (C) no Lender shall be required to participate in the Additional Tranche Term Loans or the Additional Revolving Commitments and (D) the aggregate principal amount of the Existing new Additional Tranche Term Loans and Third Amendment Term Loans” (being established or the “Third Amendment Commitment”). Immediately upon the borrowing of the Third Amendment Loans Additional Revolving Commitments being established on the Third Amendment Funding Date, any one occasion pursuant to clause (i) the Third Amendment Loans shall be added to, and made a part of, the Loans under the Credit Agreement (as amended hereby), or (ii) above shall be an integral multiple of $1,000,000 and not less than $25,000,000 (or shall equal the Third Amendment maximum amount of new Additional Tranche Term Loans shall constitute “Loans” or Additional Revolving Commitments, as the case may be, at the time permitted to be made or established under and as defined in the Credit Agreement clause (as amended herebyA) and (iii) the Third Amendment Commitment of each Lender shall constitute such Lender’s “Commitments” under and as defined in the Credit Agreement (as amended herebythis proviso).

Appears in 1 contract

Samples: Credit Agreement (Encompass Health Corp)

Additional Loans and Commitments. (a) Subject to the satisfaction of all of the conditions set forth in Section 6 hereof, each Lender severally agrees to make a Loan to the Borrower on the Third Amendment Funding Date (as defined below) in an amount equal to the commitment amount set forth next to such Lender’s name on Annex 1 hereto under the caption “Third Amendment Loans” (the “Third Amendment Loans”) and (b) subject to the satisfaction of the conditions set forth in Section 6.02 of the Credit Agreement (including, without limitationThe Borrower, the condition specified in Section 6.02(i) of the Credit Agreement) Administrative Agent and the one or more Lenders or other provisions of the Term Loan Documents, each Lender severally agreesfinancial institutions may on one or more occasions, and each Existing Lender reaffirms its commitmentwithout the consent of any other Lender, amend this Agreement to make Additional Term Loans to the Borrower pursuant to the Credit Agreement from time to time on any Business Day after the Third Amendment Funding Date and on or prior to the Commitment Termination Date in an amount equal to the commitment amount set forth next to such Lender’s name on Annex 1 hereto under the caption “Remaining Commitment after giving effect to the making of the Existing Term Loans and Third Amendment Term Loans” (the “Third Amendment Commitment”). Immediately upon the borrowing of the Third Amendment Loans on the Third Amendment Funding Date, provide for (i) the Third Amendment new Additional Tranche Term Loans shall be added to, and made a part of, the Loans under the Credit Agreement (as amended hereby), of such Lenders or other financial institutions of one or more additional Classes or (ii) an increase to the Third Amendment Loans shall constitute existing Commitments (any Lender or other financial institution making a new Additional Tranche Term Loan or extending a new Commitment pursuant to clause (i) or (ii) above being called an Loans” under and as defined Incremental Lender”); provided that (A) in the Credit Agreement case of any Additional Tranche Term Loans established or any Additional Revolving Commitments established pursuant to clauses (as amended herebyi) or (ii) above, the aggregate principal amount thereof shall not exceed, the Permitted Incremental Amount at such time, (B) each Incremental Lender, if not already a Lender hereunder, shall be reasonably acceptable to the Administrative Agent and, in the case of an Incremental Lender establishing an Additional Revolving Commitment, each Issuing Bank and the Swingline Lender, (C) no Lender shall be required to participate in the Additional Tranche Term Loans or the Additional Revolving Commitments and (iiiD) the Third Amendment Commitment aggregate principal amount of each Lender the new Additional Tranche Term Loans being established or the Additional Revolving Commitments being established on any one occasion pursuant to clause (i) or (ii) above shall constitute such Lender’s “be an integral multiple of $1,000,000 and not less than $25,000,000 (or shall equal the maximum amount of new Additional Tranche Term Loans or Additional Revolving Commitments, as the case may be, at the time permitted to be made or established under and as defined in the Credit Agreement clause (as amended herebyA) of this proviso).

Appears in 1 contract

Samples: Intercreditor Agreement (Healthsouth Corp)

Additional Loans and Commitments. (a) Subject The Borrower, the Administrative Agent and one or more Lenders or other financial institutions may on one or more occasions, and without the consent of any other Lender, amend this Agreement to provide for (i) new Additional Tranche Term Loans of such Lenders or other financial institutions of one or more additional Classes or (ii) an increase to the satisfaction of all of the conditions set forth in Section 6 hereof, each existing Revolving Commitments (any Lender severally agrees or other financial institution making a new Additional Tranche Term Loan or extending a new Term Commitment or Revolving Commitment pursuant to make a Loan to the Borrower on the Third Amendment Funding Date clause (as defined belowi) or (ii) above being called an “Incremental Lender”); provided that (A) in an amount equal the case of any Additional Tranche Term Loans established or any Additional Revolving Commitments established pursuant to the commitment amount set forth next to such Lender’s name on Annex 1 hereto under the caption “Third Amendment Loans” clauses (the “Third Amendment Loans”i) and or (bii) subject to the satisfaction of the conditions set forth in Section 6.02 of the Credit Agreement (including, without limitationabove, the condition specified in Section 6.02(i) of aggregate principal amount thereof shall not exceed, the Credit Agreement) and the other provisions of the Term Loan DocumentsPermitted Incremental Amount at such time, each Lender severally agrees, and each Existing Lender reaffirms its commitment, to make plus Additional Tranche Term Loans to the Borrower pursuant to the Credit Agreement from time to time on any Business Day after the Third Amendment Funding Date and on or prior to the Commitment Termination Date in an amount equal to the commitment amount set forth next to such Lender’s name on Annex 1 hereto under the caption “Remaining Commitment Additional Revolving Commitments so long as after giving effect thereto on a pro forma basis (assuming for purposes thereof that any Term Commitments and such Additional Revolving Commitments have been fully drawn), the Borrower and its Restricted Subsidiaries shall be in compliance with a Senior Secured Leverage Ratio of not greater than 2.00:1.00, (B) each Incremental Lender, if not already a Lender hereunder, shall be reasonably acceptable to the making Administrative Agent and, in the case of an Incremental Lender establishing an Additional Revolving Commitment, each Issuing Bank and the Swingline Lender, (C) no Lender shall be required to participate in the Additional Tranche Term Loans or the Additional Revolving Commitments and (D) the aggregate principal amount of the Existing new Additional Tranche Term Loans and Third Amendment Term Loans” (being established or the “Third Amendment Commitment”). Immediately upon the borrowing of the Third Amendment Loans Additional Revolving Commitments being established on the Third Amendment Funding Date, any one occasion pursuant to clause (i) the Third Amendment Loans shall be added to, and made a part of, the Loans under the Credit Agreement (as amended hereby), or (ii) above shall be an integral multiple of $1,000,000 and not less than $25,000,000 (or shall equal the Third Amendment maximum amount of new Additional Tranche Term Loans shall constitute “Loans” or Additional Revolving Exhibit 10.1 Commitments, as the case may be, at the time permitted to be made or established under and as defined in the Credit Agreement clause (as amended herebyA) and (iii) the Third Amendment Commitment of each Lender shall constitute such Lender’s “Commitments” under and as defined in the Credit Agreement (as amended herebythis proviso).

Appears in 1 contract

Samples: Assignment and Assumption (Healthsouth Corp)

AutoNDA by SimpleDocs

Additional Loans and Commitments. (a) Subject The Borrower, the Administrative Agent and one or more Lenders or other financial institutions may on one or more occasions, and without the consent of any other Lender, amend this Agreement to provide for (i) new Additional Tranche Term Loans of such Lenders or other financial institutions of one or more additional Classes or (ii) an increase to the satisfaction of all of the conditions set forth in Section 6 hereof, each existing Revolving Commitments (any Lender severally agrees or other financial institution making a new Additional Tranche Term Loan or extending a new Term Commitment or Revolving Commitment pursuant to make a Loan to the Borrower on the Third Amendment Funding Date clause (as defined belowi) or (ii) above being called an “Incremental Lender”); provided that (A) in an amount equal the case of any Additional Tranche Term Loans established or any Additional Revolving Commitments established pursuant to the commitment amount set forth next to such Lender’s name on Annex 1 hereto under the caption “Third Amendment Loans” clauses (the “Third Amendment Loans”i) and or (bii) subject to the satisfaction of the conditions set forth in Section 6.02 of the Credit Agreement (including, without limitationabove, the condition specified in Section 6.02(i) of aggregate principal amount thereof shall not exceed the Credit Agreement) and the other provisions of the Term Loan Documents, each Lender severally agrees, and each Existing Lender reaffirms its commitment, to make Permitted Incremental Amount at such time plus Additional Tranche Term Loans to the Borrower pursuant to the Credit Agreement from time to time on any Business Day after the Third Amendment Funding Date and on or prior to the Commitment Termination Date in an amount equal to the commitment amount set forth next to such Lender’s name on Annex 1 hereto under the caption “Remaining Commitment Additional Revolving Commitments so long as after giving effect thereto on a pro forma basis (assuming for purposes thereof that any Term Commitments and such Additional Revolving Commitments have been fully drawn), the Borrower and its Restricted Subsidiaries shall be in compliance with a Senior Secured Leverage Ratio of not greater than 3.25:1.00, (B) each Incremental Lender, if not already a Lender hereunder, shall be reasonably acceptable to the making of the Existing Term Loans and Third Amendment Term Loans” (the “Third Amendment Commitment”). Immediately upon the borrowing of the Third Amendment Loans on the Third Amendment Funding DateAdministrative Agent and, (i) the Third Amendment Loans shall be added to, and made a part of, the Loans under the Credit Agreement (as amended hereby), (ii) the Third Amendment Loans shall constitute “Loans” under and as defined in the Credit Agreement (as amended hereby) case of an Incremental Lender establishing an Additional Revolving Commitment, each Issuing Bank and (iii) the Third Amendment Commitment of each Lender shall constitute such Swingline Lender’s “Commitments” under and as defined in the Credit Agreement (as amended hereby).,

Appears in 1 contract

Samples: Credit Agreement (Healthsouth Corp)

Additional Loans and Commitments. (a) Subject The Borrower, the Administrative Agent and one or more Lenders or other financial institutions may on one or more occasions, and without the consent of any other Lender, amend this Agreement to provide for (i) new Incremental Term Loans of such Lenders or other financial institutions of one or more additional Classes or (ii) an increase to the satisfaction of all of the conditions set forth in Section 6 hereof, each existing Revolving Commitments (any Lender severally agrees or other financial institution making a new Incremental Term Loan or extending a new Term Commitment or Revolving Commitment pursuant to make a Loan to the Borrower on the Third Amendment Funding Date clause (as defined belowi) or (ii) above being called an “Incremental Lender”); provided that (A) in an amount equal the case of any Incremental Term Loans established or any Additional Revolving Commitments established pursuant to the commitment amount set forth next to such Lender’s name on Annex 1 hereto under the caption “Third Amendment Loans” clauses (the “Third Amendment Loans”i) and or (bii) subject to the satisfaction of the conditions set forth in Section 6.02 of the Credit Agreement (including, without limitationabove, the condition specified in Section 6.02(i) of aggregate principal amount thereof shall not exceed the Credit Agreement) and the other provisions of the Term Loan Documents, each Lender severally agrees, and each Existing Lender reaffirms its commitment, to make Additional Permitted Incremental Amount at such time plus Incremental Term Loans to the Borrower pursuant to the Credit Agreement from time to time on any Business Day after the Third Amendment Funding Date and on or prior to the Commitment Termination Date in an amount equal to the commitment amount set forth next to such Lender’s name on Annex 1 hereto under the caption “Remaining Commitment Additional Revolving Commitments so long as after giving effect thereto on a pro forma basis (assuming for purposes thereof that any Term Commitments and such Additional Revolving Commitments have been fully drawn), the Borrower and its Restricted Subsidiaries shall be in compliance with a Senior Secured Leverage Ratio of not greater than 3.50:1.00, (B) each Incremental Lender, if not already a Lender hereunder, shall be reasonably acceptable to the making Administrative Agent, and, in the case of an Incremental Lender establishing an Additional Revolving Commitment, each Issuing Bank and the Swingline Lender, (C) no Lender shall be required to participate in the Incremental Term Loans or the Additional Revolving Commitments and (D) the aggregate principal amount of the Existing new Incremental Term Loans and Third Amendment Term Loans” (being established or the “Third Amendment Commitment”). Immediately upon the borrowing of the Third Amendment Loans Additional Revolving Commitments being established on the Third Amendment Funding Date, any one occasion pursuant to clause (i) the Third Amendment Loans shall be added to, and made a part of, the Loans under the Credit Agreement (as amended hereby), or (ii) above shall be an integral multiple of $1,000,000 and not less than $25,000,000 (or shall equal the Third Amendment maximum amount of new Incremental Term Loans shall constitute “Loans” or Additional Revolving Commitments, as the case may be, at the time permitted to be made or established under and as defined in the Credit Agreement clause (as amended herebyA) and (iii) the Third Amendment Commitment of each Lender shall constitute such Lender’s “Commitments” under and as defined in the Credit Agreement (as amended herebythis proviso).

Appears in 1 contract

Samples: Credit Agreement (Encompass Health Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.