Borrower Request. Borrowers may by written notice to Administrative Agent elect to request the establishment of one or more new term loan Commitments (each, an “Incremental Term Loan Commitment”) by an amount not in excess of $40,000,000 in the aggregate and not less than $10,000,000 individually. Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrowers propose that the Incremental Term Loan Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to Administrative Agent and (ii) the identity of each Eligible Assignee to whom Borrowers propose any portion of such Incremental Term Loan Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the Incremental Term Loan Commitments may elect or decline, in its sole discretion, to provide such Incremental Term Loan Commitment.
Appears in 2 contracts
Samples: Credit and Guaranty Agreement (Prommis Solutions Holding Corp.), Credit and Guaranty Agreement (Prommis Solutions Holding Corp.)
Borrower Request. Borrowers Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan Term B Loan Commitments (each, an “Incremental Term Loan Commitment”) by an amount not in excess of $40,000,000 75.0 million in the aggregate and not less than $10,000,000 25.0 million individually. Each such Such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrowers propose Borrower proposes that the Incremental Term Loan increased or new Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Eligible Assignee institution (provided that such institution would be able to be assigned an interest in a Loan under Section 11.04(b)) to whom Borrowers propose Borrower proposes any portion of such Incremental Term Loan increased or new Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the Incremental Term Loan increased or new Commitments may elect or decline, in its sole discretion, to provide such Incremental Term Loan increased or new Commitment.
Appears in 2 contracts
Samples: Credit Agreement (Cpi International, Inc.), Credit Agreement (Cpi International, Inc.)
Borrower Request. Borrowers Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan Commitments or revolving loan commitments (each, an “the "Incremental Term Loan CommitmentCommitments”) by an amount not in excess of $40,000,000 23,250,000 in the aggregate and not less than $10,000,000 individuallyany Indebtedness incurred pursuant to Section 6.01(k). Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrowers propose Borrower proposes that the Incremental Term Loan new Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Eligible Assignee to whom Borrowers propose Borrower proposes any portion of such Incremental Term Loan new Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the Incremental Term Loan new Commitments may elect or decline, in its sole discretion, to provide such Incremental Term Loan new Commitment.
Appears in 2 contracts
Samples: Credit Agreement (Magnachip Semiconductor LLC), Credit Agreement (Magnachip Semiconductor LLC)
Borrower Request. Borrowers The Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan Term Commitments (each, an “Incremental Term Loan Commitment”) by an amount not in excess of $40,000,000 100.0 million in the aggregate and not less than $10,000,000 25.0 million individually. Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrowers propose the Borrower proposes that the Incremental Term Loan increased or new Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Eligible Assignee Person (who must be reasonably satisfactory to the Administrative Agent) to whom Borrowers propose the Borrower proposes any portion of such Incremental Term Loan increased or new Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the Incremental Term Loan increased or new Commitments may elect or decline, in its sole discretion, to provide such Incremental Term Loan increased or new Commitment.
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Borrower Request. Borrowers Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan Term Loan Commitments (each, an “Incremental Term Loan Commitment”) by in an aggregate amount for all such Incremental Term Loan Commitments not in excess of $40,000,000 in the aggregate and not less than $10,000,000 individually60,000,000. Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrowers propose Borrower proposes that the Incremental Term Loan new Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each person (which must be an Eligible Assignee Assignee) to whom Borrowers propose Borrower proposes any portion of such Incremental Term Loan new Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the Incremental Term Loan new Commitments may elect or decline, in its sole discretion, to provide such Incremental Term Loan new Commitment.
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Borrower Request. Borrowers may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan Commitments commitments to make additional Loans after the ARCA Effective Date (each, an “Incremental Term Loan Commitment”) by in an amount not in excess of $40,000,000 300.0 million in the aggregate and not less than $10,000,000 50.0 million individually. Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrowers propose that the Incremental Term Loan Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Eligible Assignee to whom Borrowers propose any portion of such Incremental Term Loan Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the Incremental Term Loan Commitments may elect or decline, in its sole discretion, to provide such Incremental Term Loan Commitment.
Appears in 1 contract
Samples: Credit Agreement (Rovi Corp)
Borrower Request. Borrowers may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan Commitments commitments to make additional Loans (each, an “Incremental Term Loan Commitment”) by in an amount not in excess of $40,000,000 250.0 million in the aggregate and not less than $10,000,000 50.0 million individually. Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrowers propose that the Incremental Term Loan Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Eligible Assignee to whom Borrowers propose any portion of such Incremental Term Loan Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the Incremental Term Loan Commitments may elect or decline, in its sole discretion, to provide such Incremental Term Loan Commitment.
Appears in 1 contract
Samples: Credit Agreement (Rovi Corp)
Borrower Request. Borrowers Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan Term Loan Commitments (each, an “Incremental Term Loan Commitment”) by an amount not in excess of $40,000,000 20,000,000 in the aggregate and not less than $10,000,000 individuallyaggregate. Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrowers propose Borrower proposes that the Incremental new Term Loan Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each person (which must be an Eligible Assignee Assignee) to whom Borrowers propose Borrower proposes any portion of such Incremental new Term Loan Commitments be allocated and the amounts of such allocations; provided that each existing Lender shall have the right to provide its pro rata portion of such new Term Loan Commitment and any existing Lender approached to provide all or a portion of the Incremental Term Loan Commitments may elect or decline, in its sole discretion, to provide such Incremental new Term Loan Commitment.
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Borrower Request. Borrowers Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan Term B Loan Commitments (each, an “Incremental Term Loan Commitment”) by an amount not in excess of $40,000,000 75.0 million in the aggregate and not less than $10,000,000 25.0 million individually. Each such Such notice shall specify (i) the date (each, an “Increase Effective Date”"INCREASE EFFECTIVE DATE") on which Borrowers propose Borrower proposes that the Incremental Term Loan increased or new Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Eligible Assignee institution (provided that such institution would be able to be assigned an interest in a Loan under Section 11.04(b)) to whom Borrowers propose Borrower proposes any portion of such Incremental Term Loan increased or new Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the Incremental Term Loan increased or new Commitments may elect or decline, in its sole discretion, to provide such Incremental Term Loan increased or new Commitment.
Appears in 1 contract
Samples: Credit Agreement (Cpi Holdco Inc)