Common use of Borrower Request Clause in Contracts

Borrower Request. The Borrower Representative may by written notice to the Administrative Agent elect to request prior to the Maturity Date for the Revolving Facility, an increase to the existing Revolving Commitments (each, an “Incremental Revolving Commitment”) by an aggregate amount not in excess of $50,000,000. Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which the Borrower Representative proposes that the Incremental Commitments shall be effective, which shall be a date not less than 15 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each existing Lender or Eligible Assignee to whom the Borrower Representative proposes any portion of such Incremental Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the Incremental Commitments may elect or decline, in its sole discretion, to provide such Incremental Commitment. Each Incremental Commitment shall be in an aggregate amount of $25,000,000 or any whole multiple of $5,000,000 in excess thereof (provided that such amount may be less than $10,000,000 if such amount represents all remaining availability under the aggregate limit in respect of Incremental Commitments set forth in above).

Appears in 2 contracts

Samples: Credit Agreement (Smith & Wesson Brands, Inc.), Credit Agreement (Smith & Wesson Brands, Inc.)

AutoNDA by SimpleDocs

Borrower Request. The Borrower Representative may by written notice to the Administrative Agent elect request from time to request time prior to the Maturity Date for the Revolving FacilityTermination Date, an increase to the existing Revolving Loan Commitments (each, an “Incremental Revolving Commitment”) by in an aggregate amount not in excess of $50,000,000100,000,000. Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which the Borrower Representative proposes that the Incremental Revolving Commitments shall be effective, which shall be a date not less than 15 ten (10) Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each existing Lender or Eligible Assignee to whom the Borrower Representative proposes any portion of such Incremental Revolving Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the Incremental Revolving Commitments may elect or decline, in its sole discretion, to provide such Incremental Revolving Commitment. Each Incremental Revolving Commitment shall be in an aggregate amount of $25,000,000 10,000,000 or any whole multiple of $5,000,000 500,000 in excess thereof (provided that such amount may be less than $10,000,000 if such amount represents all remaining availability under the aggregate limit in respect of Incremental Revolving Commitments set forth in above).

Appears in 1 contract

Samples: Credit Agreement (CBIZ, Inc.)

Borrower Request. The Borrower Representative may by written notice to the Administrative Agent elect request from time to request time prior to the Maturity Date for the Revolving FacilityTermination Date, an increase to the existing Revolving Commitments (each, an “Incremental Revolving Commitment”) by in an aggregate amount not in excess of $50,000,000100,000,000. Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which the Borrower Representative proposes that the Incremental Revolving Commitments shall be effective, which shall be a date not less than 15 ten (10) Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each existing Lender or Eligible Assignee to whom the Borrower Representative proposes any portion of such Incremental Revolving Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the Incremental Revolving Commitments may elect or decline, in its sole discretion, to provide such Incremental Revolving Commitment. Each Incremental Revolving Commitment shall be in an aggregate amount of $25,000,000 10,000,000 or any whole multiple of $5,000,000 500,000 in excess thereof (provided that such amount may be less than $10,000,000 if such amount represents all remaining availability under the aggregate limit in respect of Incremental Revolving Commitments set forth in above).

Appears in 1 contract

Samples: Credit Agreement (CBIZ, Inc.)

Borrower Request. The At any time after the Closing Date, the Borrower Representative may may, by written notice to the Administrative Agent Agent, elect to request prior to the Maturity Date for the Revolving Facility, an increase to the existing Revolving Commitments establishment of one or more new term loan commitments (each, an “Incremental Revolving Commitment”) ), by an aggregate amount not in excess of $50,000,000. Each such notice shall specify (i) the date (each, an “Increase Incremental Effective Date”) on which the Borrower Representative proposes that the Incremental Commitments shall be effective, which shall be a date not less than 15 ten (10) Business Days after the date on which such notice is delivered to the Administrative Agent (or such shorter period as may be approved by the Administrative Agent in its sole discretion) and (ii) the identity of each existing Lender or Eligible Assignee to whom the Borrower Representative proposes any portion of such Incremental Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the Incremental Commitments may elect or decline, in its sole discretion, to provide such Incremental Commitment. Each Incremental Commitment shall be in an aggregate amount of $25,000,000 10,000,000 or any whole multiple of $5,000,000 500,000 in excess thereof (provided that such amount may be less than $10,000,000 if such amount represents all remaining availability under the aggregate limit in respect of Incremental Commitments set forth in above).

Appears in 1 contract

Samples: Term Loan Credit Agreement (Nn Inc)

Borrower Request. The Borrower Representative may by written notice to the Administrative Agent elect to request prior to the Maturity Date for the Revolving FacilityDate, an increase to the existing Revolving Commitments (each, an “Incremental Revolving Commitment”) by an aggregate amount not in excess of $50,000,000. Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which the Borrower Representative proposes that the Incremental Commitments shall be effective, which shall be a date not less than 15 fifteen (15) Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each existing Lender or Eligible Assignee to whom the Borrower Representative proposes any portion of such Incremental Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the Incremental Commitments may elect or decline, in its sole discretion, to provide such Incremental Commitment. Each Incremental Commitment shall be in an aggregate amount of $25,000,000 or any whole multiple of $5,000,000 in excess thereof (provided that such amount may be less than $10,000,000 if such amount represents all remaining availability under the aggregate limit in respect of Incremental Commitments set forth in above).

Appears in 1 contract

Samples: Credit Agreement (Smith & Wesson Brands, Inc.)

AutoNDA by SimpleDocs

Borrower Request. The Borrower Representative may by written notice to the Administrative Agent elect to request prior to the Maturity Date for the Revolving Facility, an increase to the existing Revolving Commitments establishment of one or more new term loan commitments (each, an “Incremental Revolving Term Commitment”) ), by an aggregate amount not in excess of $50,000,000to exceed the Available Incremental Amount. Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which the Borrower Representative proposes that the Incremental Term Commitments shall be effective, which shall be a date not less than 15 10 Business Days after the date on which such notice is delivered to the Administrative Agent (or such other date as agreed to by the Administrative Agent) and (ii) the identity of each existing Lender or Eligible Assignee to whom the Borrower Representative proposes any portion of such Incremental Term 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 Commitments may elect or decline, in its sole discretion, to provide such Incremental Term Commitment. Each Incremental Term Commitment shall be in an aggregate amount of $25,000,000 10,000,000 or any whole multiple of $5,000,000 500,000 in excess thereof (provided that such amount may be less than $10,000,000 if such amount represents all remaining availability under the aggregate limit in respect of Incremental Term Commitments set forth in above).

Appears in 1 contract

Samples: Incremental Joinder and Amendment Agreement (Ciena Corp)

Borrower Request. The Borrower Representative may by written notice to the Administrative Agent elect to request (x) prior to the Maturity Date for the Revolving Credit Facility, an increase to the existing Revolving Commitments (each, an “Incremental Revolving Commitment”) ), by an aggregate amount not in excess of $50,000,000250,000,000. Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which the Borrower Representative proposes that the Incremental Commitments shall be effective, which shall be a date not less than 15 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each existing Lender or Eligible Assignee to whom the Borrower Representative proposes any portion of such Incremental Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the Incremental Commitments may elect or decline, in its sole discretion, to provide such Incremental Commitment. Each Incremental Commitment shall be in an aggregate amount of $25,000,000 10,000,000 or any whole multiple of $5,000,000 500,000 in excess thereof (provided that such amount may be less than $10,000,000 if such amount represents all remaining availability under the aggregate limit in respect of Incremental Commitments set forth in above). The Borrower may make a maximum of three requests for an Incremental Revolving Commitment prior to the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Halozyme Therapeutics, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!