Additional Revolving Loans. Agent and Swing Line Lender (or Agent on behalf of Swing Line Lender) shall not make any Loans nor shall any Issuing Bank provide any Letters of Credit to Borrowers on behalf of Lenders intentionally and with actual knowledge that such Revolving Loans or Letters of Credit would cause the aggregate amount of the total outstanding Revolving Loans and Letters of Credit to Borrowers to exceed the Borrowing Base, without the prior consent of all Lenders, except, that, Agent may make such additional Revolving Loans or an Issuing Bank may provide such additional Letters of Credit on behalf of Lenders, intentionally and with actual knowledge that such Revolving Loans or Letters of Credit will cause the total outstanding Revolving Loans and Letters of Credit to Borrowers to exceed the Borrowing Base (an “Over Advance”), as Agent may deem necessary or advisable in its discretion, provided, that: (a) the total principal amount of the additional Revolving Loans or additional Letters of Credit to any Borrower which Agent may make or provide after obtaining such actual knowledge that the aggregate principal amount of the Loans and Letters of Credit equals or exceeds the Borrowing Base, plus the amount of Special Agent Advances made pursuant to Section 12.11(a)(ii) hereof then outstanding, shall not exceed the aggregate amount equal to five (5%) of the Maximum Credit and shall not cause the total principal amount of the Loans and Letters of Credit to exceed the Maximum Credit and (b) no such additional Revolving Loan or Letter of Credit shall be outstanding more than ninety (90) days after the date such additional Revolving Loan or Letter of Credit is made or issued (as the case may be), except as the Required Lenders may otherwise agree. Each Lender shall be obligated to pay Agent the amount of its Pro Rata Share of any such additional Revolving Loans or Letters of Credit.
Additional Revolving Loans. The unpaid principal balance of additional revolving Loans (the 'Additional Revolving Loans'); provided that the unpaid principal balance of the Additional Revolving Loans shall not exceed the following (the 'Additional Revolving Loan Limit'): the sum of $15,000,000, effective on April 29, 1998, reducing by $312,500 on June 30, 1998 and by $312,500 on the last day of each succeeding month, until the earlier of (i) the date this Agreement terminates or is terminated, or (ii) the fourth anniversary of the date hereof. At the earlier of said dates the Additional Revolving Loan Limit shall be reduced to zero, and after said date no further Additional Revolving Loans will be made."
Additional Revolving Loans. Subject to Section 2.1(a), the Borrowers may request additional Revolving Loans with respect to the then existing Revolving Loan Collateral; provided that (A) such request is subject to the Administrative Agent’s approval in its discretion, (B) before and after giving effect to such Extension of Credit, the Availability is not and would not be negative, (C) no Default or Event of Default exists, (D) the Borrowers deliver a Notice of Borrowing and Compliance Certificate, the Construction Draw Deliveries to the extent the Extension of Credit relates to a Construction Loan or involves construction and such other information and documents as the Administrative Agent shall require in its discretion at least three (3) Business Days prior to the requested Borrowing Date and (E) to the extent approved by the Administrative Agent, the Administrative Agent shall notify the Borrowers of the amount of Revolving Loans so approved and the Borrowers and the Administrative Agent shall execute one (1) or more amended Confirmations evidencing the new Allocated Revolving Loan Amounts for the Revolving Loan Collateral with respect to which the Administrative Agent has determined to permit such additional Extension of Credit, together with such other terms and conditions as the Administrative Agent may require in its discretion, and the Borrowers shall deliver to the Custodian any additional Mortgage Loan Documents, as applicable, in connection with such funding. Unless the Administrative Agent notifies the Borrowers in writing of its approval of such Revolving Loans, the Administrative Agent shall be deemed not to have approved such request.
Additional Revolving Loans. (a) From time to time after the Closing Date, the Borrowers may, upon written notice to the Administrative Agent (who shall promptly provide a copy of such notice to each Lender), request an increase (the “Increase Request”) in the Aggregate Revolving Commitment Amount (the amount of any such increase, the “Additional Revolving Commitment Amount”). The Increase Request shall specify the amount of the Additional Revolving Commitment Amount and the date on which the Additional Revolving Commitment Amount is to become effective (the “Increase Date”) (which shall be a Business Day at least ten Business Days after the delivery of the Increase Request and at least 30 days prior to the Commitment Termination Date).
Additional Revolving Loans. 1.1 This Amendment is entered into pursuant to Section 2.5 of the Credit Agreement in order to increase the Aggregate Revolving Committed Amount by establishing Additional Revolving Loans in the aggregate amount of $25,000,000.
Additional Revolving Loans. So long as no Default has occurred and is continuing, from time to time after the Effective Date, Borrower may, upon at least 30 days’ prior written notice to the Administrative Agent (who shall promptly provide a copy of such notice to each Lender), propose to increase the aggregate amount of the Revolving Credit Commitments by an amount not to exceed $10,000,000 (the amount of any such increase, the “Additional Revolving THIRD AMENDED AND RESTATED CREDIT AGREEMENT 38 Commitment Amount”) such that after giving effect to such increase, the aggregate amount of the Lenders’ Revolving Credit Commitments does not exceed $25,000,000; provided that at no time shall the aggregate amount of the Lenders’ Revolving Credit Commitments plus the aggregate principal amount of all outstanding Term Loans exceed $40,000,000. Each Lender shall have the right for a period of 15 days following receipt of such notice, to elect by written notice to the Borrower and the Administrative Agent to increase its Revolving Credit Commitment by a principal amount equal to its Applicable Percentage of the Additional Revolving Commitment Amount. No Lender (or any successor thereto) shall have any obligation to increase its Revolving Credit Commitment or its other obligations under this Agreement and the other Loan Documents, and any decision by a Lender to increase its Revolving Credit Commitment shall be made in its sole discretion independently from any other Lender.
Additional Revolving Loans. Effective as of the date hereof, Section 2.15(a) of the Agreement is hereby deleted in its entirety.
Additional Revolving Loans. In addition to the Initial Revolving Loan, and subject to the terms and conditions set forth herein, the Lender agrees to make additional Revolving Loans (the “Additional Revolving Loans”) to the Borrower upon request from the Borrower, from time to time, on any Banking Day during the Availability Period, in an aggregate amount for all Revolving Loans outstanding not to exceed at any time the amount of the Lender’s Revolving Commitment.
Additional Revolving Loans. In the sole discretion of the Revolving Lenders, Revolving Loans may be made available to the Borrowers in an aggregate amount not to exceed $2,000,000 in excess of the Revolving Line of Credit available hereunder from time to time (the "Additional Revolving Loans"). The Additional Revolving Loans shall in all respects be treated as Revolving Loans hereunder and shall be subject to all of the terms and conditions with respect to the manner of borrowing and the payment of interest thereon. In determining any Revolving Lender's Revolving Commitment hereunder, the amount of any outstanding Additional Revolving Loans shall be included."
Additional Revolving Loans. (i) Upon the satisfaction of the -------------------------- applicable conditions precedent set forth in Sections 4.1, 4.2 and 4.3, ------------ --- --- from and including the date of this Agreement and prior to the Additional Revolving Loan Termination Date, each Additional Revolving Lender severally and not jointly agrees, on the terms and conditions set forth in this Agreement (including, without limitation, the terms and conditions of Section 2.5.11 and Section 8.1 relating to the reduction, suspension or -------------- ----------- termination of the Aggregate Additional Revolving Loan Commitment), to make revolving loans (each individually, an "Additional Revolving Loan" and, collectively, the "Additional Revolving Loans") in Dollars to the Company from time to time in a Dollar Amount not to exceed such Lender's Additional Revolving Loan Percentage of the lesser of (x) Aggregate Additional Revolving Loan Commitment at such time and (y) the Borrowing Base minus the Revolving Credit Obligations at such time; provided that no Additional -------- Revolving Lender shall be required to make any Additional Revolving Loan unless, at the time of such proposed Additional Revolving Loan, the Revolving Credit Availability shall be zero. Subject to the terms of this Agreement (including, without limitation, the terms and conditions of Section 2.5.11 and 8.1 relating to the reduction, suspension or termination -------------- --- of the Aggregate Additional Revolving Loan Commitment), the Company may borrow, repay and reborrow Additional Revolving Loans at any time prior to the Additional Revolving Loan Termination Date. Unless earlier terminated in accordance with the terms and conditions of this Agreement, the Additional Revolving Loan Commitments of the Additional Revolving Lenders to lend hereunder shall expire on the Additional Revolving Loan Termination Date. The proceeds of all Additional Revolving Loans made under this Section 2.1.1 shall be used in accordance with the terms of Section 6.2. ------------- ----------- All outstanding Additional Revolving Loans shall be paid in full by the Company on the Additional Revolving Loan Termination Date.
