Commitment Increase Request. On or before September 11, 2024, the Borrower irrevocably requested that the Revolving Committed Amount be increased from $150,000,000 to $175,000,000 in the aggregate (the “Commitment Increase”) pursuant to Section 2.8 of the Credit Agreement.
Commitment Increase Request. The Company may, at any time during the Reinvestment Period, submit a Commitment Increase Request for an increase in the Financing Commitment to up to $900,000,000 (in the aggregate), subject to satisfaction (or waiver by the Administrative Agent in its sole discretion) of the following conditions precedent:
(a) the Administrative Agent (in its sole discretion) approves in writing (which may be by an email) such Commitment Increase Request;
(b) no Market Value Event shall have occurred and no Event of Default shall have occurred and be continuing, in each case on and as of the Commitment Increase Date;
(c) the Borrowing Base Test is satisfied on and as of the Commitment Increase Date;
(d) all of the representations and warranties contained in Article VI and in any other Loan Document shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct), in each case on and as of the Commitment Increase Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (or with respect to such representations and warranties which by their terms contain materiality qualifiers, shall be true and correct) as of such earlier date;
(e) no commitment reduction shall have occurred pursuant to Section 4.07(a) in connection with a Non-Call Termination Event prior to the Commitment Increase Date;
(f) any Commitment Increase Request shall be in an amount not less than $50,000,000; and
(g) receipt by the Administrative Agent of such other documentation as the Administrative Agent may reasonably request, including without limitation, documentation similar to that provided pursuant to Sections 2.04(d) and (f)(ii) on the Amended and Restated Effective Date.
Commitment Increase Request. 10.1.1 The Original Borrower may, on one occasion only and by written notice served on the Agent (such notice being, a “Commitment Increase Request”), indicate that it wishes to increase the Total Commitments (a “Requested Increase”) by an amount of no less than $2,000,000 and thereafter in integral multiples of $500,000 up to a maximum of US$7,500,000.
10.1.2 Such Commitment Increase Request shall be binding on each of the Obligors and delivered to the Agent no later than the date falling 12 months after the date of the Amendment Agreement.
Commitment Increase Request. Following the ThirdFifth Amendment Effective Date, and provided no Default then exists or would arise therefrom, upon notice to the Administrative Agent (which shall promptly notify the Revolving Lenders), the Parent may request (i) an increase in the Revolving Domestic Total Commitments in an aggregate amount not exceeding $200,000,000 in the aggregate for all such increases, and (ii) an increase in the Canadian Total Commitments by an amount not to exceed $25,000,000, either in conjunction with an increase in the Revolving Domestic Total Commitments or as an increase in the Canadian Total Commitments only (each such increase, including any extensions of credit made thereunder, a “Commitment Increase”); provided that any such request for a Commitment Increase shall be in a minimum amount of $25,000,000 (or, in the case of the Canadian facility, $10,000,000). At the time of sending such request for a Commitment Increase, the Parent (in consultation with the Administrative Agent) shall specify the time period within which each applicable Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Lenders).
Commitment Increase Request. (a) Subject to paragraph (e) below, the Borrower may, at any time up to (and including) the date which is 12 Months after the date of this Agreement, request the Arranger to invite (within a period of not more than 30 days) one or more banks or financial institutions (which may include any bank or financial institution specified by the Borrower in its request) willing to become an Acceding Lender or, in the case of an existing Lender, willing to agree to a Commitment Increase, to become a Facility B Lender.
(b) If any bank or financial institution invited by the Arranger is willing to become an Acceding Lender or, in the case of an existing Lender, is willing to agree to a Commitment Increase within such 30 day period, the Arranger will notify the Borrower.
(c) None of the Finance Parties shall have any obligation to procure a bank or financial institution to become an Acceding Lender or a Commitment Increase Lender.
(d) The Borrower shall co-operate with and assist the Arranger with respect to its request in paragraph (a) above, including providing the Arranger with:
(i) all information reasonably required by the Arranger in order to assist it in inviting any bank or financial institution to become an Acceding Lender; and
(ii) information reasonably requested by any bank or financial institution in connection with any invitation to it to become an Acceding Lender.
(e) The aggregate amount comprising the Facility B Commitments of all the Acceding Lenders and all the relevant Lenders agreeing to a Commitment Increase shall not at any time exceed US$100,000,000.
Commitment Increase Request. The receipt by the Agent of a written request of the Borrower that the Commitments under the Credit Agreement be increased, which notice shall specify each additional Lender that shall have agreed to an additional Commitment and the date on which such increase is to be effective.
Commitment Increase Request. If each of the Lenders agrees to the requested increase by notifying the Agent and the Borrower in writing of their concurrence, such increase shall be made to the Commitments of the Liquidity Banks, ratably in accordance with their respective Ratable Shares as of the effective date specified in the Commitment Increase Request. If less than all of the Lenders agree to such increase, the amount of the Aggregate Commitment shall remain unchanged.
Commitment Increase Request. Provided that no Event of Termination or Unmatured Event of Termination has occurred and is continuing, upon notice to the Administrative Agent, the Seller may from time to time request an increase in the Commitment with respect to one or more Committed Purchasers, at any time following the Restatement Date and prior to the Termination Date, such aggregate increase in such Committed Purchasers’ Commitments to be an amount (for all such requests or additions) not exceeding $75,000,000; provided, that each request for an increase shall be in a minimum amount of $10,000,000. Each such request shall be in the form of a Commitment Increase Request attached hereto as Exhibit F. At the time of sending a Commitment Increase Request, the Seller (in consultation with the Administrative Agent) shall specify the time period within which such Committed Purchasers and the Administrative Agent are requested to respond to the Seller’s request (which shall in no event be less than ten (10) Business Days (or such shorter period consented to in writing by the Administrative Agent) from the date of delivery of such Commitment Increase Request to the Administrative Agent). In respect of any Committed Purchaser, each of such Committed Purchaser being asked to increase its Commitment and the Administrative Agent shall notify the Seller and the Servicer within the applicable time period whether or not such Person agrees, in its respective sole discretion, to the increase to such Committed Purchaser’s Commitment. Any such Person not responding within such time period shall be deemed to have declined to consent to an increase in such Committed Purchaser’s Commitment. For the avoidance of doubt, only the consent of the Committed Purchaser then being asked to increase its Commitment and the Administrative Agent shall be required in order to approve any such request. If any Committed Purchaser consents to the increase in its Commitment in accordance with this clause (h), such Committed Purchaser shall effectuate such increase by executing and returning such Commitment Increase Request to the Administrative Agent and upon countersignature thereof by the Administrative Agent, such Committed Purchaser’s Commitment hereunder shall be automatically increased on the applicable date set forth in such Commitment Increase Request. In connection with any increase in the Commitment of any Committed Purchaser, the Facility Limit shall be ratably increased. Notwithstanding anything to the contrary...
Commitment Increase Request. The Borrower shall have the right upon one occasion by written notice to the Agent (a "Commitment Increase Request") to request an increase in the Total Commitment by an amount equal to $25,000,000 (the "Increase Amount"), up to a maximum Total Commitment of $100,000,000; provided that, at the time of the Commitment Increase Request and at the time such request would become effective, no Default or Event of Default has occurred and is continuing or would exist after giving effect to such increase in the Total Commitment. Any such increase in the Total Commitment shall become effective only upon written notice by the Agent to the Borrower and the Banks stating the new Total Commitment and, in respect thereof, the respective Commitment amounts and Commitment Percentages of the Banks (including, if applicable, any Additional Bank).
Commitment Increase Request. To: KeyBank National Association, as Administrative Agent for the Lenders parties to the Credit Agreement dated as of September 30, 2024 (as extended, renewed, amended or restated from time to time, the “Credit Agreement”), among CTO Realty Growth, Inc., the Guarantors which are signatories thereto, certain Lenders parties thereto, and KeyBank National Association, as Administrative Agent Ladies and Gentlemen:
