Additional Revolving Commitments Sample Clauses

Additional Revolving Commitments. The Company may, by written notice to the Revolver Agent (whereupon the Revolver Agent shall promptly deliver a copy of such notice to the other Agent and the Lenders) from time to time but on no more than five (5) occasions, request additional Revolving Commitments in an amount not to exceed the Maximum Incremental Amount from one or more Persons, each of which must be (i) an existing Revolving Lender, (ii) any Affiliate or Approved Fund of any existing Revolving Lender or (iii) any other banks, financial institutions and other institutional lenders reasonably acceptable (which acceptance shall not unreasonably withheld or delayed) to the Revolver Agent and each LC Issuer. Such notice shall set forth (x) the amount of the additional Revolving Commitments being requested (which shall be in minimum increments of $1,000,000 and a minimum amount of $5,000,000 or such lesser amount equal to the remaining Maximum Incremental Amount) and (y) the date on which such additional Revolving Commitments are requested to become effective (which shall not be less than ten (10) Business Days (or such shorter period as agreed to by the Revolver Agent) nor more than sixty (60) days after the date of such notice). The Company and each Person providing an additional Revolving Commitment shall execute and deliver to the Revolver Agent an incremental joinder in substantially the form of Exhibit A-6 (each, an “Incremental Joinder”) and such other documentation as the Revolver Agent shall reasonably specify to evidence the additional Revolving Commitment of each such Person. The terms and provisions of any additional Revolving Commitments and Revolving Loans made under such additional Revolving Commitments shall be identical to those of the existing Revolving Commitments and Revolving Loans, respectively.
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Additional Revolving Commitments. On the Amendment and Restatement Effective Date, (i) the Revolving Commitment of each Additional Revolving Lender that has an Existing Revolving Commitment shall be automatically and without further action increased by an amount equal to such Additional Revolving Lender’s Additional Revolving Commitment and (ii) each Additional Revolving Lender that does not have an Existing Revolving Commitment shall automatically and without further action provide a new Revolving Commitment in an amount equal to such Revolving Lender’s Additional Revolving Commitment. To the extent any Revolving Loans are outstanding on the Amendment and Restatement Effective Date, such Revolving Loans shall be prepaid immediately prior to giving effect to the increase in Revolving Commitments on the Amendment and Restatement Effective Date and reborrowed as ABR Loans immediately after giving effect to the increase in Revolving Commitments on the Amendment and Restatement Effective Date, so that such Revolving Loans are held pro rata by the Revolving Lenders after giving effect to such increase. For the avoidance of doubt, such repayment and borrowing of Revolving Loans pursuant to this Section 3.2 shall be subject to Section 2.21, but shall not be subject to the notice and other requirements of Sections 2.5 and 2.11 of the Amended and Restated Credit Agreement.
Additional Revolving Commitments. Subject to the consent of the Administrative Agent, the Issuing Bank and the Swingline Lender, the Parent Borrower may request that the existing Facility A Revolving Lenders increase their respective Facility A Revolving Commitments and/or that additional Lenders be added to this Agreement until such time as the aggregate Facility A Revolving Commitments are equal to $200,000,000. Each existing Facility A Revolving Lender shall have the right (but not the obligation) to increase its Facility A Revolving Commitment based on its Facility A Revolving Commitment Percentage (with a pro rata right of overallotment extended to the existing Revolving Lenders) on the same terms and conditions being offered to any additional Facility A Revolving Lenders. Schedule 2.04 shall be automatically amended to reflect any existing Facility A Revolving Lender’s increased Facility A Revolving Commitment. By its signature of a counterpart hereof (and subsequent to its delivery of a completed Administrative Questionnaire to the Administrative Agent), each additional Facility A Revolving Lender shall be a “Facility A Revolving Lender” for all purposes hereunder and Schedule 2.04 shall be automatically amended to reflect such additional Facility A Revolving Lender’s Facility A Revolving Commitment. Upon increasing its Facility A Revolving Commitment or becoming a “Facility A Revolving Lender” hereunder, each Facility A Revolving Lender shall automatically be responsible for its Facility A Facility A Revolving Commitment Percentage of the Facility A/B Revolving Credit Exposure and shall pay to the Administrative Agent its Facility A Facility A Revolving Commitment Percentage of the Facility A Revolving Loans which shall then be applied to prepay amounts outstanding to the other Facility A Revolving Lenders in accordance with Section 2.12 and subject to compensation of the Lenders pursuant to Section 2.18.
Additional Revolving Commitments. The Borrower may at any time, upon prior written notice by the Borrower to the Administrative Agent, increase the Aggregate Revolving Commitments by up to TWENTY-FIVE MILLION DOLLARS ($25,000,000) with additional Revolving Commitments from any existing Lender or new Revolving Commitments from any other Person selected by the Borrower and approved by the Administrative Agent (which approval shall not be unreasonably withheld or delayed); provided that: (i) any such increase shall be in a minimum principal amount of $5 million and in integral multiples of $5 million in excess thereof; (ii) no Default shall be continuing at the time of any such increase; (iii) no existing Lender shall be under any obligation to increase its Revolving Commitment and any such decision whether to increase its Revolving Commitment shall be in such Lender’s sole and absolute discretion; and (iv) any new Lender shall join this Agreement by executing such joinder documents reasonably required by the Administrative Agent (but no consent from any existing Lender (other than any consent described in (iii) above from any Lender that is increasing its Revolving Commitment) shall be necessary in connection with the exercise of the Borrower’s rights hereunder). In connection with any such increase in the Aggregate Revolving Commitments, Schedule 2.01 shall be revised by the Administrative Agent to reflect the new Revolving Commitments and shall be distributed to the Lenders.
Additional Revolving Commitments. The Increasing Lender hereby agrees to provide $75,000,000 in additional incremental Revolving Commitments, thereby increasing the aggregate amount of its Revolving Commitments from $30,000,000 to $105,000,000, and the Aggregate Revolving Commitments from $200,000,000 to $275,000,000, as shown on Appendix A attached hereto.
Additional Revolving Commitments. The Company may, by written notice to the Revolver Agent (whereupon the Revolver Agent shall promptly deliver a copy of such notice to the other Agent and the Lenders) from time to time but on no more than five (5) occasions, request additional Revolving Commitments in an amount not to exceed the Maximum Incremental Amount from one or more Persons, each of which must be (i) an existing Revolving Lender, (ii) any Affiliate or Approved Fund of any existing Revolving Lender or (iii) any other banks, financial institutions and other institutional lenders reasonably acceptable (which acceptance shall not unreasonably withheld or delayed) to the Revolver Agent and each LC Issuer. Such notice shall set forth (x) the amount of the additional Revolving Commitments being requested (which shall be in minimum increments of $1,000,000 and a minimum amount of $5,000,000 or such lesser amount equal to the remaining Maximum Incremental Amount) and
Additional Revolving Commitments. Each Increasing Lender hereby agrees to provide the additional Revolving Commitment set forth on Schedule 1 hereto under the column “Additional Revolving Commitment”. Each of the Borrower, the Guarantors and the applicable Increasing Lender agrees that, after giving effect to the additional Revolving Commitment provided by such Increasing Lender pursuant to this Agreement, the total Revolving Commitment of such Increasing Lender shall be as set forth on Schedule 1 hereto under the column “Total Revolving Commitment”.
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Additional Revolving Commitments. Subject to the terms and conditions set forth herein, the Lenders agree to agree to increase the aggregate Revolving Credit Commitments under the Amended Credit Agreement on the Amendment No. 2 Effective Date by $100,000,000 (the “Additional Revolving Commitment”), as set forth on Schedule 2.01 of the Amended Credit Agreement.
Additional Revolving Commitments. Subject to the terms and conditions of the Credit Agreement (as amended hereby), each New Revolving Lender severally agrees to make Revolving Loans in Dollars to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Revolving Percentage of the sum of (x) the L/C Obligations then outstanding and (y) the aggregate principal amount of the Swingline Loans then outstanding, does not exceed the amount of such Lender’s Revolving Commitment.
Additional Revolving Commitments. (a) Each Lender committed to an Additional Revolving Commitment (each, an "Additional Revolving Lender") as set forth in Schedule I hereto severally agrees (i) that it shall be considered a Lender for all purposes under the Loan Documents and agrees to be bound by the terms thereof and (ii) to make available its pro rata portion of the Additional Revolving Commitments to the Borrowers in the aggregate amount set forth on Schedule I on the Amendment Effective Date. The terms and provisions of the Additional Revolving Commitments shall be identical to the Revolving Facility Commitments. The aggregate amount of the Additional Revolving Commitments made under this Amendment shall not exceed $100,000,000. (b) After giving effect to the Additional Revolving Commitments pursuant to the preceding Section 1(a), the aggregate Revolving Facility Credit Exposure outstanding as of the date hereof shall be re-allocated among the Revolving Lenders on the date hereof in accordance with their new Pro Rata Share (and each Revolving Lender shall be deemed to have assigned and/or purchased, as necessary, any such interests in order to accurately reflect such new Pro Rata Share as of the date hereof and the Company consents to all such assignments).
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