Common use of Adjustment of Revolver Commitments Clause in Contracts

Adjustment of Revolver Commitments. (a) The Lead Borrower may, by written notice to the Administrative Agent, request that the Administrative Agent and the Lenders increase or decrease the U.K. Revolver Sublimit (a “U.K. Revolver Commitment Adjustment”), which request shall be granted provided that each of the following conditions are satisfied: (i) only four U.K. Revolver Commitment Adjustments may be made in any fiscal year and a Borrowing Base Certificate contemplated by Section 5.12(a) shall be delivered in each case, for the most recently ended month; (ii) the written request for a U.K. Revolver Commitment Adjustment must be received by the Administrative Agent at least three (3) Business Days (or such earlier time as the Administrative Agent may agree) prior to the requested date (which shall be a Business Day) of the effectiveness of such U.K. Revolver Commitment Adjustment (such date of effectiveness, the “Commitment Adjustment Date”); (iii) no Event of Default shall have occurred and be continuing as of the date of such request or both immediately before and after giving effect thereto as of the Commitment Adjustment Date; (iv) any increase in the U.K. Revolver Sublimit shall result in a dollar-for-dollar decrease in the U.S. Revolver Sublimit pursuant to this Section 2.28, and any decrease in the U.K. Revolver Sublimit pursuant to this Section 2.28 shall result in a dollar-for-dollar increase in the U.S. Revolver Sublimit; (v) in no event shall the Revolver Commitments exceed $300,000,000 (or such greater amount resulting from the provisions of Section 2.22); (vi) in no event shall the U.K. Revolver Sublimit exceed $100,000,000 pursuant to this Section 2.28; (vii) no U.K. Revolver Commitment Adjustment shall be permitted if, after giving effect thereto, an Overadvance would exist; and (viii) the Administrative Agent shall have received a certificate of the Lead Borrower dated as of the Commitment Adjustment Date certifying the satisfaction of all such conditions (including calculations thereof in reasonable detail) and otherwise in form and substance reasonably satisfactory to the Administrative Agent. Any such U.K. Revolver Commitment Adjustment shall be in an amount equal to $1,000,000 or a multiple of $500,000 in excess thereof and shall concurrently increase or reduce, as applicable, (1) the aggregate U.K. Revolver Commitments available for use under the U.K. Tranche among the Lenders in accordance with such Lender’s Pro Rata Percentage and (2) the aggregate U.S. Revolver Commitments available for use under the U.S. Revolver Sublimit then in effect among the Lenders in accordance with such Lender’s Pro Rata Percentage. After giving effect to any U.K. Revolver Commitment Adjustment, the Revolver Commitment available for use under the U.S. Revolver Sublimit or U.K. Revolver Sublimit, as applicable, of each Lender (and the percentage of each U.S. Revolver Loan or U.K. Revolver Loan, as applicable) that each participant must purchase a participation in) shall be equal to such Lender’s (or participant’s) Pro Rata share of the U.S. Revolver Sublimit or U.K. Revolver Sublimit, as applicable. (b) The Administrative Agent shall promptly inform the Lenders of any request for a U.K. Revolver Commitment Adjustment made by the Lead Borrower. If the conditions set forth in clause (a) above are not satisfied on the applicable Commitment Adjustment Date (or, to the extent such conditions relate to an earlier date, such earlier date), the Administrative Agent shall notify the Lead Borrower in writing that the requested U.K. Revolver Commitment Adjustment will not be effectuated; provided, however, that the Administrative Agent shall in all cases be entitled to rely (without liability) on the certificate delivered by the Lead Borrower pursuant to clause (a)(viii) immediately above in making its determination as to the satisfaction of such conditions. On each Commitment Adjustment Date, the Administrative Agent shall notify the Lenders and the Lead Borrower, on or before 2:00 p.m. (New York time), by telecopier, e-mail or telex, of the occurrence of the U.K. Revolver Commitment Adjustment to be effected on such Commitment Adjustment Date, the amount of Revolver Loans held by each Lender as a result thereof, the amount of the Revolver Commitment of each Lender available for use under the U.S. Revolver Sublimit and the amount of the Revolver Commitment of each Lender available for use under the U.K. Revolver Sublimit (and the percentage of each Revolver Loan that each participant must purchase a participation interest in) as a result thereof.

Appears in 1 contract

Samples: Credit Agreement (Generac Holdings Inc.)

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Adjustment of Revolver Commitments. (a) The Lead Borrower Borrowers may, by written notice to the Administrative Agent, request that the Administrative Agent and the Lenders increase or decrease the U.K. U.S. Revolver Sublimit (a “U.K. U.S. Revolver Commitment Adjustment”), which request shall be granted provided that each of the following conditions are satisfied: : (i) only four U.K. three U.S. Revolver Commitment Adjustments may be made in any fiscal year Fiscal Year (such adjustment to be made within 30 days of the delivery of the information contemplated by Section 9.1.2(b) and a Borrowing Base Certificate contemplated by Section 5.12(a) shall be delivered 7.1, in each case, for the most recently ended month; ), (ii) the written request for a U.K. U.S. Revolver Commitment Adjustment must be received by the Administrative Agent at least three (3) Business Days (or such earlier time as the Administrative Agent may agree) prior to the requested date (which shall be a Business Day) of the effectiveness of such U.K. U.S. Revolver Commitment Adjustment (such date of effectiveness, the “Commitment Adjustment Date”); , (iii) no Default or Event of Default shall have occurred and be continuing as of the date of such request or both immediately before and after giving effect thereto as of the Commitment Adjustment Date; , (iv) any increase in the U.K. U.S. Revolver Sublimit shall result in a dollarDollar-for-dollar Dollar decrease in the Canadian Revolver Sublimit pursuant to this Section 2.1.11, and any decrease in the U.S. Revolver Sublimit pursuant to this Section 2.28, and any decrease in the U.K. Revolver Sublimit pursuant to this Section 2.28 2.1.11 shall result in a dollarDollar-for-dollar Dollar increase in the U.S. Canadian Revolver Sublimit; , (v) in no event shall the U.S. Revolver Commitments and the Canadian Revolver Commitments, collectively exceed $300,000,000 100,000,000 (or such greater amount resulting from the provisions of Section 2.222.1.4); , (vi) in no event shall the U.K. Canadian Revolver Sublimit exceed $100,000,000 50,000,000 pursuant to this Section 2.28; 2.1.11, (vii) no U.K. U.S. Revolver Commitment Adjustment shall be permitted if, after giving effect thereto, an Overadvance would exist; , and (viii) the Administrative Agent shall have received a certificate of the Lead Borrower dated as of the Commitment Adjustment Date certifying the satisfaction of all such conditions (including calculations thereof in reasonable detail) and otherwise in form and substance reasonably satisfactory to the Administrative Agent. Any such U.K. Revolver Commitment Adjustment shall be in an amount equal to $1,000,000 or a multiple of $500,000 in excess thereof and shall concurrently increase or reduce, as applicable, (1) the aggregate U.K. Revolver Commitments available for use under the U.K. Tranche among the Lenders in accordance with such Lender’s Pro Rata Percentage and (2) the aggregate U.S. Revolver Commitments available for use under the U.S. Revolver Sublimit then in effect among the Lenders in accordance with such Lender’s Pro Rata Percentage. After giving effect to any U.K. Revolver Commitment Adjustment, the Revolver Commitment available for use under the U.S. Revolver Sublimit or U.K. Revolver Sublimit, as applicable, of each Lender (and the percentage of each U.S. Revolver Loan or U.K. Revolver Loan, as applicable) that each participant must purchase a participation in) shall be equal to such Lender’s (or participant’s) Pro Rata share of the U.S. Revolver Sublimit or U.K. Revolver Sublimit, as applicable. (b) The Administrative Agent shall promptly inform the Lenders of any request for a U.K. Revolver Commitment Adjustment made by the Lead Borrower. If the conditions set forth in clause (a) above are not satisfied on the applicable Commitment Adjustment Date (or, to the extent such conditions relate to an earlier date, such earlier date), the Administrative Agent shall notify the Lead Borrower in writing that the requested U.K. Revolver Commitment Adjustment will not be effectuated; provided, however, that the Administrative Agent shall in all cases be entitled to rely (without liability) on the certificate delivered by the Lead Borrower pursuant to clause (a)(viii) immediately above in making its determination as to the satisfaction of such conditions. On each Commitment Adjustment Date, the Administrative Agent shall notify the Lenders and the Lead Borrower, on or before 2:00 p.m. (New York time), by telecopier, e-mail or telex, of the occurrence of the U.K. Revolver Commitment Adjustment to be effected on such Commitment Adjustment Date, the amount of Revolver Loans held by each Lender as a result thereof, the amount of the Revolver Commitment of each Lender available for use under the U.S. Revolver Sublimit and the amount of the Revolver Commitment of each Lender available for use under the U.K. Revolver Sublimit (and the percentage of each Revolver Loan that each participant must purchase a participation interest in) as a result thereof.

Appears in 1 contract

Samples: Amendment No. 2 (Milacron Holdings Corp.)

Adjustment of Revolver Commitments. (a) The Lead Borrower may, by written notice to the Administrative Agent, request that the Administrative Agent and the Lenders increase or decrease the U.K. Revolver Sublimit (a “U.K. Revolver Commitment Adjustment”), which request shall be granted provided that each of the following conditions are satisfied: (i) only four U.K. Revolver Commitment Adjustments may be made in any fiscal year and a Borrowing Base Certificate contemplated by Section 5.12(a) shall be delivered in each case, for the most recently ended month; (ii) the written request for a U.K. Revolver Commitment Adjustment must be received by the Administrative Agent at least three (3) Business Days (or such earlier time as the Administrative Agent may agree) prior to the requested date (which shall be a Business Day) of the effectiveness of such U.K. Revolver Commitment Adjustment (such date of effectiveness, the “Commitment Adjustment Date”); (iii) no Event of Default shall have occurred and be continuing as of the date of such request or both immediately before and after giving effect thereto as of the Commitment Adjustment Date; (iv) any increase in the U.K. Revolver Sublimit shall result in a dollar-for-dollar decrease in the U.S. Revolver Sublimit pursuant to this Section 2.28, and any decrease in the U.K. Revolver Sublimit pursuant to this Section 2.28 shall result in a dollar-for-dollar increase in the U.S. Revolver Sublimit; (v) in no event shall the Revolver Commitments exceed $300,000,000 500,000,000 (or such greater amount resulting from the provisions of Section 2.22); (vi) in no event shall the U.K. Revolver Sublimit exceed $100,000,000 pursuant to this Section 2.28; (vii) no U.K. Revolver Commitment Adjustment shall be permitted if, after giving effect thereto, an Overadvance would exist; and (viii) the Administrative Agent shall have received a certificate of the Lead Borrower dated as of the Commitment Adjustment Date certifying the satisfaction of all such conditions (including calculations thereof in reasonable detail) and otherwise in form and substance reasonably satisfactory to the Administrative Agent. Any such U.K. Revolver Commitment Adjustment shall be in an amount equal to $1,000,000 or a multiple of $500,000 in excess thereof and shall concurrently increase or reduce, as applicable, (1) the aggregate U.K. Revolver Commitments available for use under the U.K. Tranche among the Lenders in accordance with such Lender’s Pro Rata Percentage and (2) the aggregate U.S. Revolver Commitments available for use under the U.S. Revolver Sublimit then in effect among the Lenders in accordance with such Lender’s Pro Rata Percentage. After giving effect to any U.K. Revolver Commitment Adjustment, the Revolver Commitment available for use under the U.S. Revolver Sublimit or U.K. Revolver Sublimit, as applicable, of each Lender (and the percentage of each U.S. Revolver Loan or U.K. Revolver Loan, as applicable) that each participant must purchase a participation in) shall be equal to such Lender’s (or participant’s) Pro Rata share of the U.S. Revolver Sublimit or U.K. Revolver Sublimit, as applicable. (b) The Administrative Agent shall promptly inform the Lenders of any request for a U.K. Revolver Commitment Adjustment made by the Lead Borrower. If the conditions set forth in clause (a) above are not satisfied on the applicable Commitment Adjustment Date (or, to the extent such conditions relate to an earlier date, such earlier date), the Administrative Agent shall notify the Lead Borrower in writing that the requested U.K. Revolver Commitment Adjustment will not be effectuated; provided, however, that the Administrative Agent shall in all cases be entitled to rely (without liability) on the certificate delivered by the Lead Borrower pursuant to clause (a)(viii) immediately above in making its determination as to the satisfaction of such conditions. On each Commitment Adjustment Date, the Administrative Agent shall notify the Lenders and the Lead Borrower, on or before 2:00 p.m. (New York time), by telecopier, e-mail or telex, of the occurrence of the U.K. Revolver Commitment Adjustment to be effected on such Commitment Adjustment Date, the amount of Revolver Loans held by each Lender as a result thereof, the amount of the Revolver Commitment of each Lender available for use under the U.S. Revolver Sublimit and the amount of the Revolver Commitment of each Lender available for use under the U.K. Revolver Sublimit (and the percentage of each Revolver Loan that each participant must purchase a participation interest in) as a result thereof.

Appears in 1 contract

Samples: Credit Agreement (Generac Holdings Inc.)

Adjustment of Revolver Commitments. (a) The Lead Borrower Borrowers may, by written notice to the Administrative Agent, request that the Administrative Agent and the Lenders increase or decrease the U.K. U.S. Revolver Sublimit (a “U.K. U.S. Revolver Commitment Adjustment”), which request shall be granted provided that each of the following conditions are satisfied: : (i) only four U.K. three U.S. Revolver Commitment Adjustments may be made in any fiscal year Fiscal Year (such adjustment to be made within 30 days of the delivery of the information contemplated by Section 9.1.2(b) and a Borrowing Base Certificate contemplated by Section 5.12(a) shall be delivered 7.1, in each case, for the most recently ended month; ), (ii) the written request for a U.K. U.S. Revolver Commitment Adjustment must be received by the Administrative Agent at least three (3) Business Days (or such earlier time as the Administrative Agent may agree) prior to the requested date (which shall be a Business Day) of the effectiveness of such U.K. U.S. Revolver Commitment Adjustment (such date of effectiveness, the “Commitment Adjustment Date”); , (iii) no Default or Event of Default shall have occurred and be continuing as of the date of such request or both immediately before and after giving effect thereto as of the Commitment Adjustment Date; , (iv) any increase in the U.K. U.S. Revolver Sublimit shall result in a dollarDollar-for-dollar Dollar decrease in the Canadian Revolver Sublimit pursuant to this Section 2.1.11, and any decrease in the U.S. Revolver Sublimit pursuant to this Section 2.28, and any decrease in the U.K. Revolver Sublimit pursuant to this Section 2.28 2.1.11 shall result in a dollarDollar-for-dollar Dollar increase in the U.S. Canadian Revolver Sublimit; , (v) in no event shall the U.S. Revolver Commitments and the Canadian Revolver Commitments, collectively exceed $300,000,000 100,000,000 (or such greater amount resulting from the provisions of Section 2.222.1.4); , (vi) in no event shall the U.K. Canadian Revolver Sublimit exceed $100,000,000 50,000,000 pursuant to this Section 2.28; 2.1.11, (vii) no U.K. U.S. Revolver Commitment Adjustment shall be permitted if, after giving effect thereto, an Overadvance would exist; and , and (viii) the Administrative Agent shall have received a certificate of the Lead Borrower dated as of the Commitment Adjustment Date certifying the satisfaction of all such conditions (including calculations thereof in reasonable detail) and otherwise in form and substance reasonably satisfactory to the Administrative Agent. Any such U.K. U.S. Revolver Commitment Adjustment shall be in an amount equal to $1,000,000 or a multiple of $500,000 in excess thereof and shall concurrently increase or reduce, as applicable, (1) the aggregate U.K. Revolver Commitments available for use under the U.K. Tranche among the Lenders in accordance with such Lender’s Pro Rata Percentage and (2) the aggregate U.S. Revolver Commitments available for use under the U.S. Sub-Facility Pro Rata among the Lenders and (2) the aggregate Revolver Sublimit Commitments available for use under the Canadian Sub-Facility then in effect Pro Rata among the Lenders in accordance with such Lender’s Pro Rata PercentageLenders. After giving effect to any U.K. U.S. Revolver Commitment Adjustment, the Revolver Commitment available for use under the U.S. Revolver Sublimit Sub-Facility or U.K. Revolver SublimitCanadian Sub-Facility, as applicable, of each Lender (and the percentage of each U.S. Revolver Loan or U.K. Canadian Revolver Loan, as applicable) that each participant must purchase a participation in) shall be equal to such Lender’s (or participant’s) Pro Rata share of the U.S. Revolver Sublimit Sub-Facility or U.K. Revolver SublimitCanadian Sub-Facility, as applicable. (b) The Administrative Agent shall promptly inform the Lenders of any request for a U.K. U.S. Revolver Commitment Adjustment made by the Lead BorrowerBorrowers. If the conditions set forth in clause (a) above are not satisfied on the applicable Commitment Adjustment Date (or, to the extent such conditions relate to an earlier date, such earlier date), the Administrative Agent shall notify the Lead Borrower in writing that the requested U.K. U.S. Revolver Commitment Adjustment will not be effectuated; provided, however, that the Administrative Agent shall in all cases be entitled to rely (without liability) on the certificate delivered by the Lead Borrower pursuant to clause (a)(viiia) (vii) immediately above in making its determination as to the satisfaction of such conditions. On each Commitment Adjustment Date, the Administrative Agent shall notify the Lenders and the Lead Borrower, on or before 2:00 p.m. (New York time), by telecopier, e-mail or telex, of the occurrence of the U.K. U.S. Revolver Commitment Adjustment to be effected on such Commitment Adjustment Date, the amount of Revolver Loans held by each Lender as a result thereof, the amount of the Revolver Commitment of each Lender available for use under the U.S. Revolver Sublimit Sub-Facility and the amount of the Revolver Commitment of each Lender available for use under the U.K. Revolver Sublimit Canadian Sub-Facility (and the percentage of each Revolver Loan that each participant must purchase a participation interest in) as a result thereof.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Milacron Holdings Corp.)

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Adjustment of Revolver Commitments. (a) The Lead Borrower Borrowers may, by written notice to the Administrative Agent, request that the Administrative Agent and the Lenders increase or decrease the U.K. U.S. Revolver Sublimit (a “U.K. U.S. Revolver Commitment Adjustment”), which request shall be granted provided that each of the following conditions are satisfied: (i) only four U.K. three U.S. Revolver Commitment Adjustments may be made in any fiscal year Fiscal Year (such adjustment to be made within 30 days of the delivery of the information contemplated by Section 9.1.2(b) and a Borrowing Base Certificate contemplated by Section 5.12(a) shall be delivered 7.1, in each case, for the most recently ended month; ), (ii) the written request for a U.K. U.S. Revolver Commitment Adjustment must be received by the Administrative Agent at least three (3) Business Days (or such earlier time as the Administrative Agent may agree) prior to the requested date (which shall be a Business Day) of the effectiveness of such U.K. U.S. Revolver Commitment Adjustment (such date of effectiveness, the “Commitment Adjustment Date”); , (iii) no Default or Event of Default shall have occurred and be continuing as of the date of such request or both immediately before and after giving effect thereto as of the Commitment Adjustment Date; , (iv) any increase in the U.K. U.S. Revolver Sublimit shall result in a dollarDollar-for-dollar Dollar decrease in the Canadian Revolver Sublimit pursuant to this Section 2.1.11, and any decrease in the U.S. Revolver Sublimit pursuant to this Section 2.28, and any decrease in the U.K. Revolver Sublimit pursuant to this Section 2.28 2.1.11 shall result in a dollarDollar-for-dollar Dollar increase in the U.S. Canadian Revolver Sublimit; , (v) in no event shall the U.S. Revolver Commitments and the Canadian Revolver Commitments, collectively exceed $300,000,000 100,000,000 (or such greater amount resulting from the provisions of Section 2.222.1.4); , (vi) in no event shall the U.K. Canadian Revolver Sublimit exceed $100,000,000 50,000,000 pursuant to this Section 2.28; 2.1.11, (vii) no U.K. U.S. Revolver Commitment Adjustment shall be permitted if, after giving effect thereto, an Overadvance would exist; and , and (viii) the Administrative Agent shall have received a certificate of the Lead Borrower dated as of the Commitment Adjustment Date certifying the satisfaction of all such conditions (including calculations thereof in reasonable detail) and otherwise in form and substance reasonably satisfactory to the Administrative Agent. Any such U.K. U.S. Revolver Commitment Adjustment shall be in an amount equal to $1,000,000 or a multiple of $500,000 in excess thereof and shall concurrently increase or reduce, as applicable, (1) the aggregate U.K. Revolver Commitments available for use under the U.K. Tranche among the Lenders in accordance with such Lender’s Pro Rata Percentage and (2) the aggregate U.S. Revolver Commitments available for use under the U.S. Sub-Facility Pro Rata among the Lenders and (2) the aggregate Revolver Sublimit Commitments available for use under the Canadian Sub-Facility then in effect Pro Rata among the Lenders in accordance with such Lender’s Pro Rata PercentageLenders. After giving effect to any U.K. U.S. Revolver Commitment Adjustment, the Revolver Commitment available for use under the U.S. Revolver Sublimit Sub-Facility or U.K. Revolver SublimitCanadian Sub-Facility, as applicable, of each Lender (and the percentage of each U.S. Revolver Loan or U.K. Canadian Revolver Loan, as applicable) that each participant must purchase a participation in) shall be equal to such Lender’s (or participant’s) Pro Rata share of the U.S. Revolver Sublimit Sub-Facility or U.K. Revolver SublimitCanadian Sub-Facility, as applicable. (b) The Administrative Agent shall promptly inform the Lenders of any request for a U.K. U.S. Revolver Commitment Adjustment made by the Lead BorrowerBorrowers. If the conditions set forth in clause (a) above are not satisfied on the applicable Commitment Adjustment Date (or, to the extent such conditions relate to an earlier date, such earlier date), the Administrative Agent shall notify the Lead Borrower in writing that the requested U.K. U.S. Revolver Commitment Adjustment will not be effectuated; provided, however, that the Administrative Agent shall in all cases be entitled to rely (without liability) on the certificate delivered by the Lead Borrower pursuant to clause (a)(viiia) (vii) immediately above in making its determination as to the satisfaction of such conditions. On each Commitment Adjustment Date, the Administrative Agent shall notify the Lenders and the Lead Borrower, on or before 2:00 p.m. (New York time), by telecopier, e-mail or telex, of the occurrence of the U.K. U.S. Revolver Commitment Adjustment to be effected on such Commitment Adjustment Date, the amount of Revolver Revolving Loans held by each Lender as a result thereof, the amount of the Revolver Commitment of each Lender available for use under the U.S. Revolver Sublimit Sub-Facility and the amount of the Revolver Commitment of each Lender available for use under the U.K. Revolver Sublimit Canadian Sub-Facility (and the percentage of each Revolver Revolving Loan that each participant must purchase a participation interest in) as a result thereof.

Appears in 1 contract

Samples: Amendment No. 1 (Milacron Holdings Corp.)

Adjustment of Revolver Commitments. (a) The Lead Borrower Borrowers may, by written notice to the Administrative Agent, request that the Administrative Agent and the Lenders increase or decrease the U.K. U.S. Revolver Sublimit (a “U.K. U.S. Revolver Commitment Adjustment”), which request shall be granted provided that each of the following conditions are satisfied: : (i) only four U.K. three U.S. Revolver Commitment Adjustments may be made in any fiscal year Fiscal Year (such adjustment to be made within 30 days of the delivery of the information contemplated by Section 9.1.2(b) and a Borrowing Base Certificate contemplated by Section 5.12(a) shall be delivered 7.1, in each case, for the most recently ended month; ), (ii) the written request for a U.K. U.S. Revolver Commitment Adjustment must be received by the Administrative Agent at least three (3) Business Days (or such earlier time as the Administrative Agent may agree) prior to the requested date (which shall be a Business Day) of the effectiveness of such U.K. U.S. Revolver Commitment Adjustment (such date of effectiveness, the “Commitment Adjustment Date”); , (iii) no Default or Event of Default shall have occurred and be continuing as of the date of such request or both immediately before and after giving effect thereto as of the Commitment Adjustment Date; , (iv) any increase in the U.K. U.S. Revolver Sublimit shall result in a dollarDollar-for-dollar Dollar decrease in the Canadian Revolver Sublimit pursuant to this Section 2.1.11, and any decrease in the U.S. Revolver Sublimit pursuant to this Section 2.28, and any decrease in the U.K. Revolver Sublimit pursuant to this Section 2.28 2.1.11 shall result in a dollarDollar-for-dollar Dollar increase in the U.S. Canadian Revolver Sublimit; , (v) in no event shall the U.S. Revolver Commitments and the Canadian Revolver Commitments, collectively exceed $300,000,000 100,000,000 (or such greater amount resulting from the provisions of Section 2.222.1.4); , (vi) in no event shall the U.K. Canadian Revolver Sublimit exceed $100,000,000 50,000,000 pursuant to this Section 2.28; 2.1.11, (vii) no U.K. U.S. Revolver Commitment Adjustment shall be permitted if, after giving effect thereto, an Overadvance would exist; and , and (viii) the Administrative Agent shall have received a certificate of the Lead Borrower dated as of the Commitment Adjustment Date certifying the satisfaction of all such conditions (including calculations thereof in reasonable detail) and otherwise in form and substance reasonably satisfactory to the Administrative Agent. Any such U.K. U.S. Revolver Commitment Adjustment shall be in an amount equal to $1,000,000 or a multiple of $500,000 in excess thereof and shall concurrently increase or reduce, as applicable, (1) the aggregate U.K. Revolver Commitments available for use under the U.K. Tranche among the Lenders in accordance with such Lender’s Pro Rata Percentage and (2) the aggregate U.S. Revolver Commitments available for use under the U.S. Sub-Facility Pro Rata among the Lenders and (2) the aggregate Revolver Sublimit Commitments available for use under the Canadian Sub-Facility then in effect Pro Rata among the Lenders in accordance with such Lender’s Pro Rata PercentageLenders. After giving effect to any U.K. U.S. Revolver Commitment Adjustment, the Revolver Commitment available for use under the U.S. Revolver Sublimit Sub-Facility or U.K. Revolver SublimitCanadian Sub-Facility, as applicable, of each Lender (and the percentage of each U.S. Revolver Loan or U.K. Canadian Revolver Loan, as applicable) that each participant must purchase a participation in) shall be equal to such Lender’s (or participant’s) Pro Rata share of the U.S. Revolver Sublimit Sub-Facility or U.K. Revolver SublimitCanadian Sub-Facility, as applicable. (b) The Administrative Agent shall promptly inform the Lenders of any request for a U.K. U.S. Revolver Commitment Adjustment made by the Lead BorrowerBorrowers. If the conditions set forth in clause (a) above are not satisfied on the applicable Commitment Adjustment Date (or, to the extent such conditions relate to an earlier date, such earlier date), the Administrative Agent shall notify the Lead Borrower in writing that the requested U.K. U.S. Revolver Commitment Adjustment will not be effectuated; provided, however, that the Administrative Agent shall in all cases be entitled to rely (without liability) on the certificate delivered by the Lead Borrower pursuant to clause (a)(viiia) (vii) immediately above in making its determination as to the satisfaction of such conditions. On each Commitment Adjustment Date, the Administrative Agent shall notify the Lenders and the Lead Borrower, on or before 2:00 p.m. (New York time), by telecopier, e-mail or telex, of the occurrence of the U.K. U.S. Revolver Commitment Adjustment to be effected on such Commitment Adjustment Date, the amount of Revolver Revolving Loans held by each Lender as a result thereof, the amount of the Revolver Commitment of each Lender available for use under the U.S. Revolver Sublimit Sub-Facility and the amount of the Revolver Commitment of each Lender available for use under the U.K. Revolver Sublimit Canadian Sub-Facility (and the percentage of each Revolver Revolving Loan that each participant must purchase a participation interest in) as a result thereof.

Appears in 1 contract

Samples: Amendment Agreement (Milacron Holdings Corp.)

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