Common use of Borrower Request Clause in Contracts

Borrower Request. After a Successful Syndication is completed, Borrower may by 10 Business Days' written notice to the Administrative Agent request, on up to but no more than four separate occasions, the establishment of one or more new Term Loan Commitments (it being understood that this is in addition to the Additional Term Loan Commitments) by an amount not in excess of $40.0 million in the aggregate and not less than $5.0 million individually. Each such notice shall specify (i) the date (each, an "INCREASE EFFECTIVE DATE") on which Borrower proposes that the 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 to whom Borrower proposes any portion of such 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 increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Commitment.

Appears in 2 contracts

Samples: Credit Agreement (Regency Energy Partners LP), Credit Agreement (Regency Energy Partners LP)

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Borrower Request. After a Successful Syndication is completed, Borrower may by 10 Business Days' written notice to the Administrative Agent request, on up to but no more than four separate occasions, the establishment of one or more new Term Loan Commitments (it being understood that this is in addition prior to the Additional Term Loan Commitments) Revolving Maturity Date, an increase to the existing Revolving Commitments by an aggregate amount not in excess of $40.0 250.0 million in the aggregate and not less than $5.0 million individually; provided, however, that after any increase in Commitments pursuant to this Section 2.19, the total aggregate amount of the Revolving Commitments shall not exceed $750.0 million. Each such notice shall specify (i) the date (each, an "INCREASE EFFECTIVE DATE"“Increase Effective Date”) on which Borrower proposes that the 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 to whom Borrower proposes any portion of such 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 increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Commitment.

Appears in 1 contract

Samples: Credit Agreement (Regency Energy Partners LP)

Borrower Request. After a Successful Syndication is completed, Borrower may by 10 Business Days' written notice to the Administrative Agent request, on up to but no more than four separate occasions, the establishment of one or more new Term Loan Commitments (it being understood that this is in addition to the Additional New Term Loan Commitments) by an amount not in excess of $40.0 million in the aggregate and not less than $5.0 million individually. Each such notice shall specify (i) the date (each, an "INCREASE EFFECTIVE DATE") on which Borrower proposes that the 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 to whom Borrower proposes any portion of such 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 increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Commitment.

Appears in 1 contract

Samples: Credit Agreement (Regency Energy Partners LP)

Borrower Request. After a Successful Syndication is completed, Borrower may by 10 Business Days' written notice to the Administrative Agent requestelect to request (x) prior to the Revolving Loan Maturity Date, on up an increase to but no more than four separate occasions, the existing Revolving Loan Commitments and/or (y) the establishment of one or more new Term Loan Commitments (it being understood that this is in addition to the Additional each, an “Incremental Term Loan CommitmentsCommitment”) by an amount not in excess of $40.0 million 250,000,000 in the aggregate and not less than $5.0 million individually50,000,000 for any such individual request. Each such notice shall specify (i) the date (each, an "INCREASE EFFECTIVE DATE"“Increase Effective Date”) on which the Borrower proposes that the 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 to whom the Borrower proposes any portion of such 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 increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Commitment.

Appears in 1 contract

Samples: Credit Agreement (Watson Pharmaceuticals Inc)

Borrower Request. After a Successful Syndication is completed, Borrower may by 10 Business Days' written notice to the Administrative Agent requestelect to request (x) prior to the Additional Revolving Maturity Date, on up an increase to but no more than four separate occasions, the existing Additional Revolving Commitments and/or (y) the establishment of one or more new term loan Commitments (each, an “Incremental Term Loan Commitments (it being understood that this is in addition to the Additional Term Loan CommitmentsCommitment”) by an amount not in excess of $40.0 million 150,000,000 in the aggregate and not less than $5.0 million 10,000,000 individually. Each such notice shall specify (i) the date (each, an "INCREASE EFFECTIVE DATE"“Increase Effective Date”) on which Borrower proposes that the 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 to whom Borrower proposes any portion of such 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 increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Commitment.

Appears in 1 contract

Samples: Credit Agreement (Inventiv Health Inc)

Borrower Request. After a Successful Syndication is completed, Borrower EnergySolutions may by 10 Business Days' written notice to the Administrative Agent request, on up elect to but no more than four separate occasionsrequest prior to the Term Loan Maturity Date, the establishment of one or more new Term Loan Commitments (it being understood that this is each, an “Incremental Second Lien Commitment”), in addition to the Additional Term Loan Commitments) each case, by an amount not in excess of $40.0 million the Incremental Commitment Cap in the aggregate and not less than $5.0 million individually5,000,000 individually (or, if less, the amount of the Incremental Commitment Cap). Each such notice shall specify (i) the date (each, an "INCREASE EFFECTIVE DATE"“Increase Effective Date”) on which Borrower EnergySolutions proposes that the 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 the financial institution to whom Borrower EnergySolutions proposes any portion of such 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 increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Commitment.

Appears in 1 contract

Samples: Second Lien Credit Agreement (EnergySolutions, Inc.)

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Borrower Request. After a Successful Syndication is completed, Borrower may by 10 Business Days' written notice to the Administrative Agent request, on up elect to but no more than four separate occasions, request the establishment of one or more new Commitments (each, an “Incremental Term Loan Commitments (it being understood that this is in addition to the Additional Term Loan CommitmentsCommitment”) by an amount not in excess of $40.0 million 250,000,000 in the aggregate and not less than $5.0 million 25,000,000 individually, and in incremental multiples of $1,000,000 in excess thereof, or equal to the remaining available balance of the applicable Commitments. Each such notice shall specify (i) the date (each, an "INCREASE EFFECTIVE DATE"“Increase Effective Date”) on which the Borrower proposes that the 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 (which much be a person to whom Loans are permitted to be assigned pursuant to Section 9.04(b)) to whom the Borrower proposes any portion of such 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 increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Commitment.

Appears in 1 contract

Samples: Credit Agreement (Frontier Communications Corp)

Borrower Request. After a Successful Syndication is completed, Borrower The Co-Borrowers may by 10 Business Days' written notice to the Administrative Agent requestrequest (x) prior to theany Revolving Facility Maturity Date with respect to the Revolving Commitments then in effect, on up an increase to but no more than four separate occasions, the existing applicable Revolving Commitments and/or (y) at any time the establishment of one or more new Term Loan Commitments (it being understood that this is in addition to the Additional each, an “Incremental Term Loan CommitmentsCommitment”) by an amount not in excess of $40.0 million in the aggregate and not less than $5.0 million 50,000,000 individually. Each such notice shall specify (i) the date (each, an "INCREASE EFFECTIVE DATE"“Increase Effective Date”) on which Borrower proposes the Co-Borrowers propose that the 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 to whom Borrower proposes the Co-Borrowers propose any portion of such increased or new Commitments be allocated (each, a “New Lender”) and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Commitment.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (United Airlines, Inc.)

Borrower Request. After a Successful Syndication is completed, The Borrower may by 10 Business Days' written notice to the Administrative Agent requestAgent, on up at any one time, elect to but no more than four separate occasionsrequest (x) prior to the Maturity Date for the Revolving Credit Facility, an increase to the existing Revolving Credit Commitments and/or (y) the establishment of one or more new a term loan Commitment (an “Incremental Term Loan Commitments (it being understood that this is in addition to the Additional Term Loan Commitments) Commitment”), by an aggregate amount under clause (x) and/or (y), not in excess of $40.0 million in the aggregate and not less than $5.0 million individually50,000,000. Each such Such notice shall specify (i) the date (each, an "INCREASE EFFECTIVE DATE"the “Increase Effective Date”) on which the Borrower proposes that the 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 to whom the Borrower proposes any portion of such 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 increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Commitment.

Appears in 1 contract

Samples: Credit Agreement (Commscope Inc)

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