Borrower Request. The Borrower may at any time and from time to time after the Closing Date by written notice to the Administrative Agent elect to increase the Term Facility and/or request the establishment of one or more new term loan facilities (each, an “Incremental Term Facility”) with term loan commitments (each, an “Incremental Term Loan Commitment”) in an amount not in excess of the Incremental Cap, and in minimum increments of $1,000,000 and a minimum amount of $10,000,000 (or such lesser amount equal to the remaining Incremental Cap). Each such notice shall specify (i) the date (each, a “Term Loan Increase Effective Date”) on which the Borrower proposes that the Incremental Term Loan Commitment shall be effective, which shall be a date not less than three (3) Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Person (which, if not a Lender, an Approved Fund or an Affiliate of a Lender, shall be reasonably satisfactory to the Administrative Agent (such acceptance not to be unreasonably withheld or delayed)) to whom the Borrower proposes any portion of such Incremental Term Loan Commitment be allocated and the amounts of such allocations.
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Samples: Term Loan Agreement (Lantheus Holdings, Inc.), Credit Agreement (INC Research Holdings, Inc.), Credit Agreement (INC Research Holdings, Inc.)
Borrower Request. The Borrower Agent may at any time and from time to time after the Closing Date by written notice to the Administrative Agent elect to increase the Term Facility and/or request the establishment of one or more new Commitments under a new term loan facilities facility or under the existing term facility or any increase under an existing tranche of Loans (each, an “Incremental Term Facility”) with term loan commitments (eachCommitment” and collectively, an the “Incremental Term Loan CommitmentFacilities”) ), in an aggregate amount not in excess of to exceed the Maximum Incremental Cap, and in minimum increments of $1,000,000 and a minimum amount of $10,000,000 (or such lesser amount equal to the remaining Incremental Cap)Facilities Amount. Each such notice shall specify (i) the date (each, a an “Term Loan Increase Effective Date”) on which the Borrower Agent proposes that the such Incremental Term Loan Commitment Commitments shall be effective, which shall be a date not less than three five (35) Business Days after the date on which such notice is delivered to the Administrative Agent (or such different date as may be agreed to by the Administrative Agent in its sole discretion) and (ii) the identity of each Person Eligible Assignee (which, if not a Lendereach such person, an Approved Fund or an Affiliate of a “Additional Lender, shall be reasonably satisfactory to the Administrative Agent (such acceptance not to be unreasonably withheld or delayed)”) to whom the Borrower Agent proposes any portion of such Incremental Term Loan Commitment Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of such Incremental Commitments may elect or decline, in its sole discretion, to provide such Incremental Commitment.
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Samples: Second Lien Credit Agreement (Transfirst Holdings Corp.)
Borrower Request. The Borrower may at any time and from time to time after the Closing Date by written notice to the Administrative Agent elect to request (x) prior to the Revolving Maturity Date, an increase to the Term Facility existing Revolving Commitments in an aggregate amount not to exceed $200,000,000 for all such increases (each, an “Incremental Revolving Increase”) and/or request (y) the establishment of one or more new term loan facilities (each, an “Incremental tranches of Term Facility”) with term loan commitments Loans (each, an “Incremental Term Loan CommitmentFacility” and, together with any Incremental Revolving Increase, each an “Incremental Facility”) in an amount not in excess of the Incremental Cap, and in minimum increments of $1,000,000 and a minimum amount of $10,000,000 (or such lesser amount equal to the remaining Incremental Cap). Each such notice shall specify (i) the date (each, a an “Term Loan Increase Effective Date”) on which the Borrower proposes that the applicable Incremental Term Loan Commitment Facility shall be effective, which shall be a date not less than three (3) ten Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Person (which, if not a Lender, an Approved Fund or an Affiliate of a Lender, shall be reasonably satisfactory to the Administrative Agent (such acceptance not to be unreasonably withheld or delayed)) Eligible Assignee to whom the Borrower proposes any portion of such Incremental Term Loan Commitment Facility be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of any Incremental Facility may elect or decline, in its sole discretion, to provide such Incremental Facility. No Lender shall be obligated to enter into any Incremental Facility, but shall participate in its sole discretion.
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Samples: Credit Agreement (Health Management Associates Inc)
Borrower Request. The Borrower may at any time and from time to time after the Closing Date by written notice to the Administrative Agent elect to increase the Term Facility and/or request the establishment of one or more new term loan revolving credit facilities (each, an “Incremental Term Revolving Facility”) with term loan new revolving commitments (each, an “Incremental Term Loan Revolving Commitment”) in an amount not in excess of $100,000,000 in the aggregate, when combined with the aggregate amount of all Incremental CapTerm Loan Commitments under Section 2.4, and in minimum increments of $1,000,000 and a minimum amount of $10,000,000 (or such lesser amount equal to the remaining Incremental Cap)10,000,000. Each such notice shall specify (i) the date (each, a “Term Loan Revolving Commitment Increase Effective Date”) on which the Borrower proposes that the Incremental Term Loan Revolving Commitment shall be effective, which shall be a date not less than three ten (310) Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Person (which, if not a Lender, an Approved Fund or an Affiliate of a Lender, shall be reasonably satisfactory to the Administrative Agent (such acceptance not to be unreasonably withheld or delayed)and the Issuing Lender) to whom the Borrower proposes any portion of such Incremental Term Loan Revolving Commitment be allocated and the amounts of such allocations.
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Samples: Credit Agreement (Microsemi Corp)
Borrower Request. The Borrower may at any time and from time to time after the Closing Restatement Date by written notice to the Administrative Agent elect to increase the Term Facility and/or request the establishment of one or more new term loan facilities (each, an “Incremental Term Facility”) with term loan commitments (each, an “Incremental Term Loan Commitment”) in an amount not in excess of $212,000,000 in the aggregate, when combined with the aggregate amount of Incremental CapRevolving Commitments under Section 3.16, and in minimum increments of $1,000,000 and a minimum amount of $10,000,000 (or such lesser amount equal to minimum increments as the remaining Incremental CapAdministrative Agent shall agree in its sole discretion). Each such notice shall specify (i) the date (each, a “Term Loan Increase Effective Date”) on which the Borrower proposes that the Incremental Term Loan Commitment shall be effective, which shall be a date not less than three ten (310) Business Days after the date on which such notice is delivered to the Administrative Agent (or such earlier date as the Administrative Agent shall agree in its sole discretion) and (ii) the identity of each Person (which, if not a Lender, an Approved Fund or an Affiliate of a Lender, shall be reasonably satisfactory to the Administrative Agent (such acceptance not to be unreasonably withheld or delayed)Agent) to whom the Borrower proposes any portion of such Incremental Term Loan Commitment be allocated and the amounts of such allocations.”
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Samples: Credit Agreement (Microsemi Corp)
Borrower Request. The Borrower may at any time and from time to time after the Closing Restatement Date by written notice to the Administrative Agent elect to increase the Term Facility and/or request the establishment of one or more new term loan revolving credit facilities (each, an “Incremental Term Revolving Facility”) with term loan new revolving commitments (each, an “Incremental Term Loan Revolving Commitment”) in an amount not in excess of $200,000,000 in the aggregate, when combined with the aggregate amount of all Incremental CapTerm Loan Commitments under Section 2.4(a), and in minimum increments of $1,000,000 and a minimum amount of $10,000,000 (or such lesser amount equal to the remaining Incremental Cap)10,000,000. Each such notice shall specify (i) the date (each, a “Term Loan Revolving Commitment Increase Effective Date”) on which the Borrower proposes that the Incremental Term Loan Revolving Commitment shall be effective, which shall be a date not less than three ten (310) Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Person (which, if not a Lender, an Approved Fund or an Affiliate of a Lender, shall be reasonably satisfactory to the Administrative Agent (such acceptance not to be unreasonably withheld or delayed)and the Issuing Lender) to whom the Borrower proposes any portion of such Incremental Term Loan Revolving Commitment be allocated and the amounts of such allocations.
Appears in 1 contract
Samples: Credit Agreement (Microsemi Corp)
Borrower Request. The Borrower may at any time and from time to time after the Closing Date by written notice to the Administrative Agent elect to increase the Term Facility and/or request the establishment of one or more new term loan facilities (each, an “Incremental Term Facility”) with term loan commitments (each, an “Incremental Term Loan Commitment”) in an amount not in excess of $250,000,000 in the Incremental Capaggregate, and in minimum increments of $1,000,000 and a minimum amount of $10,000,000 (or such lesser amount equal to the remaining maximum amount of permitted Incremental CapCommitments). Each such notice shall specify (i) the date (each, a an “Term Loan Increase Effective Date”) on which the Borrower proposes that the Incremental Term Loan Commitment Commitments shall be effective, which shall be a date not less than three (3) Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Person (which, if not a Lender, an Approved Fund or an Affiliate of a Lender, shall be reasonably satisfactory to the Administrative Agent (such acceptance not to be unreasonably withheld or delayed)) to whom the Borrower proposes any portion of such Incremental Term Loan Commitment be allocated and the amounts of such allocations.
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Borrower Request. The Borrower may at any time and from time to time after the Closing Date by written notice to the Administrative Agent prior to June 1, 2014 elect to increase the Term Facility and/or request the establishment of one or more new term loan facilities (each, an “Incremental Term Facility”) with term loan commitments (each, an “Incremental Term Loan Commitment”) in by an amount not in excess of $100,000,000 in the Incremental Cap, aggregate and in minimum increments of $1,000,000 and a minimum amount of $10,000,000 (or such lesser amount equal to the remaining Incremental Cap)50,000,000. Each such notice shall specify (i) the date (each, a “Term Loan Increase Effective Date”) on which the Borrower proposes that the Incremental Term Loan Commitment Commitments shall be effective, which shall be a date not less than three (3) 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Person (which, if not a Lender, an Approved Fund or an Affiliate of a Lender, shall be reasonably satisfactory to the Administrative Agent (such acceptance not and shall become a Lender under this Agreement pursuant to be unreasonably withheld or delayed)an Increase Joinder) to whom the Borrower proposes any portion of such Incremental Term Loan Commitment 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 Commitment may elect or decline, in its sole discretion, to provide such Incremental Term Loan Commitment.
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