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 $200,000,000. Each existing Facility A Revolving Lender shall have the right (but not the obligation) to increase its Facility A Revolving Commitment based on its Facility A Revolving Commitment Percentage (with a pro rata right of overallotment extended to the existing Revolving Lenders) on the same terms and conditions being offered to any additional Facility A Revolving Lenders. Schedule 2.04 shall be automatically amended to reflect any existing Facility A Revolving Lender’s increased Facility A Revolving Commitment. By its signature of a counterpart hereof (and subsequent to its delivery of a completed Administrative Questionnaire to the Administrative Agent), each additional Facility A Revolving Lender shall be a “Facility A Revolving Lender” for all purposes hereunder and Schedule 2.04 shall be automatically amended to reflect such additional Facility A Revolving Lender’s Facility A Revolving Commitment. Upon increasing its Facility A Revolving Commitment or becoming a “Facility A Revolving Lender” hereunder, each Facility A Revolving Lender shall automatically be responsible for its Facility A Facility A Revolving Commitment Percentage of the Facility A/B Revolving Credit Exposure and shall pay to the Administrative Agent its Facility A Facility A Revolving Commitment Percentage of the Facility A Revolving Loans which shall then be applied to prepay amounts outstanding to the other Facility A Revolving Lenders in accordance with Section 2.12 and subject to compensation of the Lenders pursuant to Section 2.18.
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Samples: Credit Agreement (Charles River Laboratories International Inc)
Additional Revolving Commitments. Subject to the consent of the Administrative Agent, the Issuing Bank and the Swingline Lender, the Parent Borrower may request that the existing Facility A US$ Revolving Lenders increase their respective Facility A US$ Revolving Commitments and/or that additional Lenders be added to this Agreement until such time as the aggregate Facility A US$ Revolving Commitments are equal to $200,000,000300,000,000. Each existing Facility A US$ Revolving Lender shall have the right (but not the obligation) to increase its Facility A US$ Revolving Commitment based on its Facility A US$ 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 US$ Revolving Lenders. Schedule 2.04 shall be automatically amended to reflect any existing Facility A US$ Revolving Lender’s increased Facility A US$ 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 US$ Revolving Lender shall be a “Facility A US$ Revolving Lender” for all purposes hereunder and Schedule 2.04 shall be automatically amended to reflect such additional Facility A US$ Revolving Lender’s Facility A US$ Revolving Commitment. Upon increasing its Facility A US$ Revolving Commitment or becoming a “Facility A US$ Revolving Lender” hereunder, each Facility A US$ Revolving Lender shall automatically be responsible for its Facility A Facility A US$ Revolving Commitment Percentage of the Facility A/B US Revolving Credit Exposure and shall pay to the Administrative Agent its Facility A Facility A US$ Revolving Commitment Percentage of the Facility A US$ Revolving Loans which shall then be applied to prepay amounts outstanding to the other Facility A US$ Revolving Lenders in accordance with Section 2.12 and subject to compensation of the Lenders pursuant to Section 2.18.
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Samples: Credit Agreement (Charles River Laboratories International Inc)
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.
Appears in 1 contract
Samples: Credit Agreement (Charles River Laboratories International Inc)
Additional Revolving Commitments. Subject Upon Holding’s written notice to the consent of the Administrative Agent, on the Issuing Bank and Subsequent Effective Date one or more Additional Lenders may provide additional Revolving Commitments in an aggregate amount not to exceed the Swingline Lenderdifference of (A) $50,000,000 minus (B) the amount (if any) by which the Aggregate Term B Commitment is being increased on the Subsequent Effective Date pursuant to Section 2.01(c) (each such additional commitment, the Parent Borrower “Additional Revolving Commitment”), which Additional Revolving Commitment may request that the existing Facility A thereafter be made available to Holdings as Revolving Loans. Any Additional Lenders increase their respective Facility A Revolving Commitments and/or that additional Lenders be added not already party to this Agreement until shall become parties to this Agreement by executing a counterpart signature page to this Agreement and shall be treated as a Revolving Lenders for all purposes of this Agreement from and after the Subsequent Effective Date. Once such time as the aggregate Facility A Additional Revolving Commitments are shall be deemed to have been made available pursuant to this Agreement, (i) Schedule 2.01 hereto shall be deemed to have been amended to include all Additional Lenders holding an Additional Revolving Commitment as a party to this Agreement together with such Additional Lender’s respective Revolving Commitment and Revoling Proportionate Share, (ii) Schedule 2.01 hereto shall be deemed to have been amended to adjust the Revolving Proportionate Share of all other Revolving Lenders party hereto, and (iii) the definitions of “Aggregate Revolving Commitment” and “Aggregate Commitment” shall be deemed to have been amended to include the Additional Revolving Commitments provided by such Additional Lenders on the Subsequent Effective Date. To effect the foregoing, on the Subsequent Effective Date, Administrative Agent shall calculate the Revolving Proportionate Share of each Revolving Lender and each Additional Lender holding an Additional Revolving Commitment in each Revolving Loan, L/C Obligation and Swingline Loan then outstanding. Based upon such calculation, each Additional Lender holding an Additional Revolving Commitment shall purchase from the other Revolving Lenders such portion of the Aggregate Revolving Loans, L/C Obligations and Swingline Loans outstanding immediately prior to the Subsequent Effective Date as Administrative Agent determines is necessary to cause each Revolving Lender to hold Revolving Loans, L/C Obligations and Swingline Loans in a principal amount 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 such Revolving Lender’s increased Facility A Revolving Proportionate Share of such Revolving Loan Borrowings. On and after the Subsequent Effective Date, after giving effect to any Borrowing of Revolving Loans, (i) the Effective Amount of all outstanding Revolving Loans and Swingline Loans and the Effective Amount of all L/C Obligations shall not exceed an amount equal to the lesser of (1) the combined Revolving Commitments of the Revolving Lenders and (2) the Borrowing Base; and (ii) the Effective Amount of the Revolving Loans of any Revolving Lender plus the participation of such Revolving Lender in the Effective Amount of all L/C Obligations and the Effective Amount of all Swingline Loans shall not at any time exceed such Revolving Lender’s Revolving Commitment. By its signature of a counterpart hereof (On and subsequent to its delivery of a completed Administrative Questionnaire to after the Administrative Agent)Subsequent Effective Date, each additional Facility A Additional Lender holding an Additional Revolving Lender Commitment shall be a “Facility A Revolving Lender” Lender under this Agreement and the other Loan Documents for all purposes hereunder with Revolving Commitments and Revolving Proportionate Shares as set forth on Schedule 2.04 shall be automatically amended 2.01 attached hereto in an aggregate amount not to reflect such additional Facility A Revolving Lender’s Facility A exceed the Aggregate Revolving Commitment. Upon increasing its Facility A Revolving Commitment or becoming , with the rights, duties and obligations of such 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 under this Agreement 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 2.18Loan Documents.
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