Additional Sweep Plus Revolving Commitment Sample Clauses

Additional Sweep Plus Revolving Commitment. Subject to the terms and conditions set forth herein, the Borrower shall have the right, at any time and from time to time (but not to exceed one (1) increase in the aggregate) prior to the Maturity Date, to incur additional Indebtedness under this Credit Agreement in the form of an increase to the Revolving Committed Amount (each an “Incremental Sweep Plus Revolving Facility”) by an aggregate amount of up to $15,000,000. The following terms and conditions shall apply to each Incremental Sweep Plus Revolving Facility: (i) the loans made under any such Incremental Sweep Plus Revolving Facility shall constitute Credit Party Obligations and will be secured and guaranteed with the other Credit Party Obligations on a pari passu basis, (ii) any such Incremental Sweep Plus Revolving Facility shall mature on the Maturity Date, (iii) any such Incremental Sweep Plus Revolving Facility shall have the same terms and conditions as the Sweep Plus Revolving Loans, including without limitation, shall (A) be entitled to the same voting rights as the existing Loans, (B) be entitled to receive proceeds of prepayments on the same basis as the existing Loans and (C) have the same Applicable Margin as the Sweep Plus Revolving Loans, (iv) any such Incremental Sweep Plus Revolving Facility shall be obtained from existing Lenders or from other banks, financial institutions or investment funds, in each case in accordance with the terms set forth below, (v) any such Incremental Sweep Plus Revolving Facility shall be in a minimum principal amount of $15,000,000, (vi) the proceeds of any Incremental Sweep Plus Revolving Facility will be used for the purposes set forth in Section 7.9, (vii) the Borrower shall execute a Revolving Note in favor of any new Lender or any existing Lender requesting a Revolving Note whose Sweep Plus Revolving Commitment is increased, (viii) the conditions to Extensions of Credit in Section 5.2 shall have been satisfied, (ix) the Agent shall have received (A) an opinion or opinions (including, if reasonably requested by the Agent, local counsel opinions) of counsel for the Credit Parties, addressed to the Agent and the Lenders, in form and substance acceptable to the Agent, (B) any authorizing corporate documents as the Agent may reasonably request and (C) a duly executed Notice of Borrowing, (xi) the Borrower may only exercise any such Incremental Sweep Plus Revolving Facility to the extent that the Revolving Committed Amount has been increased prior to the ...