Common use of Effective Date and Allocations Clause in Contracts

Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent, in consultation with the Lead Borrower, shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Lead Borrower and the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase and the Increase Effective Date and on the Increase Effective Date (i) the Aggregate Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional Commitments, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Commitments and Applicable Percentages of the Lenders.

Appears in 7 contracts

Samples: Asset Based Revolving Credit Agreement (Albertsons Companies, Inc.), Asset Based Revolving Credit Agreement (Keane Group, Inc.), Asset Based Revolving Credit Agreement (Safeway Stores 42, Inc.)

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Effective Date and Allocations. If the Aggregate Commitments under the Revolving Credit Facility are increased in accordance with this SectionSection 2.15, the Administrative Agent, in consultation with Agent and the Lead Borrower, Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase (such increase, a “Commitment Increase”). The Administrative Agent shall promptly notify the Lead Borrower and the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase Commitment Increase and the Increase Effective Date and on the Increase Effective Date (i) the Aggregate Commitments with respect to the Revolving Credit Facility under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsCommitment Increases, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Revolving Credit Commitments and Applicable Percentages of the Revolving Lenders.

Appears in 5 contracts

Samples: Credit Agreement (Barnes & Noble Education, Inc.), Credit Agreement (Barnes & Noble Education, Inc.), Credit Agreement (Barnes & Noble Education, Inc.)

Effective Date and Allocations. If the Aggregate Commitments are increased after the Effective Date in accordance with this Section, the Administrative Agent, Agent (in consultation with the Borrowers and the Lead Borrower, Arrangers) shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increasethe Commitment Increase, giving effect to the occurrence of the Increase Effective Date. The Administrative Agent shall promptly notify the Lead Borrower and Borrowers, the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) the Lead Arrangers of the such final allocation of such increase and the Increase Effective Date Date, and on the Increase Effective Date (i) the Aggregate Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional Commitmentsthe Commitment Increase, and (ii) the applicable Schedule 2.01 to the Agreement shall be deemed modified, without further action, to reflect the revised Commitments and Applicable Percentages of the Lenders.

Appears in 2 contracts

Samples: Intercreditor Agreement (Sears Holdings Corp), Credit Agreement (Sears Holdings Corp)

Effective Date and Allocations. If the Aggregate aggregate Revolving Commitments and the Tranche A Term Loan are increased in accordance with this SectionSection 2.14, the Administrative Agent, in consultation with the Lead Borrower, shall determine the effective date (the “Increase Effective Date”) and the final allocation allocations in respect of such increase. The Administrative Agent shall promptly notify the Lead Borrower and the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation allocations in respect of such increase and the Increase Effective Date and on the Increase Effective Date (i) the Aggregate aggregate Revolving Commitments and the Tranche A Term Loan under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsCommitment Increases, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Aggregate Commitments and Applicable Percentages of the Lenders.

Appears in 2 contracts

Samples: First Lien Credit Agreement (Sequential Brands Group, Inc.), Credit Agreement (Sequential Brands Group, Inc.)

Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent, in consultation with the Lead Borrower, shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Lead Borrower and the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase and the Increase Effective Date and other than in connection with a FILO Tranche, on the Increase Effective Date (i) the Aggregate Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional Commitments, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Commitments and Applicable Percentages of the Lenders.

Appears in 2 contracts

Samples: Asset Based Revolving Credit Agreement (King Merger Sub II LLC), Asset Based Revolving Credit Agreement (Nextier Oilfield Solutions Inc.)

Effective Date and Allocations. If the Aggregate Total Revolving Commitments are increased in accordance with this SectionSection 2.27, the Administrative Agent, in consultation with Agent and the Lead Borrower, Borrower shall determine the effective date (the “Revolving Commitment Increase Effective Date”) and the final allocation of such increaseRevolving Commitment Increase. The Administrative Agent shall promptly notify the Lead Borrower and the Revolving Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase Revolving Commitment Increase and the Revolving Commitment Increase Effective Date and and, on the Revolving Commitment Increase Effective Date Date, (i) the Aggregate Total Revolving Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsRevolving Commitment Increase, and (ii) Schedule 2.01 1.1A shall be deemed modified, without further action, to reflect the revised Revolving Commitments and Applicable Revolving Percentages of the Revolving Lenders.

Appears in 1 contract

Samples: Credit Agreement (K2m Group Holdings, Inc.)

Effective Date and Allocations. If the Aggregate Total Commitments are is increased in accordance with this SectionSection 2.15, the Administrative Agent, in consultation with the Lead Borrower, shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increaseCommitment Increase. The Administrative Agent shall promptly notify the Lead Borrower and the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase Commitment Increase and the Increase Effective Date and on the Increase Effective Date (i) the applicable Commitments of the Existing Increasing Lender and Additional Commitment Lenders, and the Aggregate Total Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsCommitment Increase, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Commitments and Applicable Percentages of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Quiksilver Inc)

Effective Date and Allocations. If the Aggregate Revolving Commitments are increased in accordance with this SectionSection 2.15, the Administrative Agent, in consultation with Agent and the Lead Borrower, Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increaseCommitment Increase. The Administrative Agent shall promptly notify the Lead Borrower and the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase Commitment Increase and the Increase Effective Date and and, on the Increase Effective Date Date, (i) the Aggregate Revolving Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsCommitment Increase, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Revolving Commitments and Revolving Applicable Percentages of the Revolving Lenders.

Appears in 1 contract

Samples: Credit Agreement (Cost Plus Inc/Ca/)

Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent, in consultation with the Lead Borrower, shall determine the effective date (the “Increase Effective Date”) and and, with respect to any increase made pursuant to Section 2.15(b) hereof, the final allocation of such increase. The Administrative Agent shall promptly notify the Lead Borrower and the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase made pursuant to Section 2.15(b) hereof and the Increase Effective Date and on the Increase Effective Date (i) the Aggregate Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsCommitment Increases, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Commitments and Applicable Percentages of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Big 5 Sporting Goods Corp)

Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent, in consultation with the Lead Borrower, shall determine the effective date (the “Increase Effective Date”) and and, with respect to any Uncommitted Increase, the final allocation of such increase. The Administrative Agent shall promptly notify the Lead Borrower and the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase Uncommitted Increase and the Increase Effective Date and on the Increase Effective Date (i) the Aggregate Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsCommitment Increases, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Commitments and Applicable Percentages of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Five Below, Inc)

Effective Date and Allocations. If the Aggregate Revolving Commitments are increased in accordance with this Section, the Administrative Agent, in consultation with Agent and the Lead Borrower, Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Lead Borrower and the Revolving Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase and the Increase Effective Date and on the Increase Effective Date (i) the Aggregate Revolving Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsRevolving Commitment Increases, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Revolving Commitments and Revolving Applicable Percentages of the Revolving Lenders.

Appears in 1 contract

Samples: Credit Agreement (Sportsman's Warehouse Holdings, Inc.)

Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent, in consultation with the Lead BorrowerParent, shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Lead Borrower Parent and the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase and the Increase Effective Date and on the Increase Effective Date (i%4) the Aggregate Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional Commitments, and (ii%4) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Commitments and Applicable Percentages of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (C&J Energy Services, Inc.)

Effective Date and Allocations. If the Aggregate Total Revolving Commitments are increased in accordance with this SectionSection 2.24, the Administrative Agent, in consultation with Agent and the Lead Borrower, Borrowers shall determine the effective date (the “Revolving Commitment Increase Effective Date”) and the final allocation of such increaseRevolving Commitment Increase. The Administrative Agent shall promptly notify the Lead Borrower Borrowers and the Revolving Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase Revolving Commitment Increase and the Revolving Commitment Increase Effective Date and and, on the Revolving Commitment Increase Effective Date Date, (i) the Aggregate Total Revolving Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsRevolving Commitment Increase, and (ii) Schedule 2.01 1.1A shall be deemed modified, without further action, to reflect the revised Revolving Commitments and Applicable Revolving Percentages of the Revolving Lenders.

Appears in 1 contract

Samples: Credit Agreement (A123 Systems, Inc.)

Effective Date and Allocations. If the Tranche A Aggregate Commitments are increased in accordance with this SectionSection 2.15, the Administrative Agent, in consultation with Agent and the Lead Borrower, Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase (such increase, a “Tranche A Commitment Increase”). The Administrative Agent shall promptly notify the Lead Borrower and the Tranche A Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase Tranche A Commitment Increase and the Increase Effective Date and on the Increase Effective Date (i) the Tranche A Aggregate Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsTranche A Commitment Increases, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Tranche A Commitments and Tranche A Applicable Percentages of the Tranche A Lenders.

Appears in 1 contract

Samples: Credit Agreement (Barnes & Noble Inc)

Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this SectionSection 3.14 (each such increase, a “Commitment Increase”), the Administrative Agent, Agent (at the direction of the Lenders holding in consultation with excess of 50% of the Lead Borrower, Commitments provided pursuant to the applicable Commitment Increase) and the Borrowers shall determine the effective date (the “Increase Effective Date”) and the final amount and allocation of such increase, it being understood that if Lenders and invited Eligible Assignees, if any, elect to participate in such Commitment Increase in an amount less than the full amount requested by the Borrowers, such Commitment Increase shall be in such lesser amount. The Administrative Agent Borrowers shall promptly notify the Lead Borrower Administrative Agent and the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase each Commitment Increase and the applicable Increase Effective Date and on the Increase Effective Date (i) the Aggregate Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional Commitments, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Commitments and Applicable Percentages of the LendersDate.

Appears in 1 contract

Samples: Credit Agreement (Pacific Ethanol, Inc.)

Effective Date and Allocations. If the Aggregate Total Revolving Commitments are increased in accordance with this SectionSection 2.21(a), the Administrative Agent, in consultation with Agent and the Lead Borrower, Borrower shall determine the effective date (the “Revolving Commitment Increase Effective Date”) and the final allocation of such increaseRevolving Commitment Increase. The Administrative Agent shall promptly notify the Lead Borrower and the Revolving Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase Revolving Commitment Increase and the Revolving Commitment Increase Effective Date and and, on the Revolving Commitment Increase Effective Date Date, (i) the Aggregate Total Revolving Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsRevolving Commitment Increases, and (ii) Schedule 2.01 1.1A shall be deemed modified, without further action, to reflect the revised Revolving Commitments and Applicable Revolving Percentages of the Revolving Lenders.

Appears in 1 contract

Samples: Credit Agreement (Enernoc Inc)

Effective Date and Allocations. If the Aggregate Total Revolving Commitments are increased in accordance with this SectionSection 2.19, the Administrative Agent, in consultation with Agent and the Lead Borrower, Borrowers shall determine the effective date (the “Revolving Commitment Increase Effective Date”) and the final allocation of such increaseRevolving Commitment Increase. The Administrative Agent shall promptly notify the Lead Borrower Borrowers and the Revolving Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase Revolving Commitment Increase and the Revolving Commitment Increase Effective Date and and, on the Revolving Commitment Increase Effective Date Date, (i) the Aggregate Total Revolving Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsRevolving Commitment Increase, and (ii) Schedule 2.01 1.1A shall be deemed modified, without further action, to reflect the revised Revolving Commitments and Applicable Revolving Percentages of the Revolving Lenders.

Appears in 1 contract

Samples: Credit Agreement (Satcon Technology Corp)

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Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent, in consultation with the Lead Borrower, shall determine the effective date (the “Increase Effective Date”) and and, with respect to any Uncommitted Increase, the final allocation of such increase. The Administrative Agent shall promptly notify the Lead Borrower and the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase increaseUncommitted Increase and the Increase Effective Date and on the Increase Effective Date (i) the Aggregate Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsCommitment Increases, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Commitments and Applicable Percentages of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Five Below, Inc)

Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this SectionSection 2.2(h), the Administrative Agent, in consultation with the Lead Administrative Borrower, shall determine the effective date (the “Increase Effective Uncommitted Accordion Activation Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Lead Administrative Borrower and the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase and the Increase Effective Uncommitted Accordion Activation Date and and, on the Increase Effective Date Uncommitted Accordion Activation Date, (i) the Aggregate Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsUncommitted Accordion Activation, and (ii) Schedule 2.01 C-1 annexed hereto shall be deemed modified, without further action, to be amended to reflect (A) the revised name, address, Commitment, and Pro Rata Share of each Lender, and (B) the Maximum Revolver Amount and Commitments and Applicable Percentages of the Lendersas increased by such Uncommitted Accordion Activation.

Appears in 1 contract

Samples: Loan and Security Agreement (West Marine Inc)

Effective Date and Allocations. If the Aggregate Total Commitments are increased in accordance with this Section, the Administrative Agent, in consultation with the Lead Borrower, shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Lead Borrower and the Lenders and other Eligible Assignees being allocated an (including any Additional Commitment (each, an “Additional Commitment Lender”Lenders) of the final allocation of such increase and the Increase Effective Date and on the Increase Effective Date (i) the Aggregate Total Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsCommitment Increases, and (ii) this Agreement and Schedule 2.01 1.1 shall be deemed amended and modified, without further action, to reflect the revised Commitments and Applicable Commitment Percentages of the Lenders (including the Additional Commitment Lenders). Any such increase shall be on the same terms and with the same maturity as provided in respect of the Total Commitments in effect immediately prior to such increase.

Appears in 1 contract

Samples: Credit Agreement (Michaels Stores Inc)

Effective Date and Allocations. If the Aggregate Revolving Commitments are increased in accordance with this SectionSection 2.15, the Administrative Agent, in consultation with the Lead Borrower, shall determine the effective date (the “Revolving Loan Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Lead Borrower and the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase and the Revolving Loan Increase Effective Date and on the Revolving Loan Increase Effective Date (i) the Aggregate Revolving Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsRevolving Commitment Increases, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Revolving Commitments and Applicable Percentages of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Hampshire Group LTD)

Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this SectionSection 2.15, the Administrative Agent, in consultation with Agent and the Lead Borrower, Borrower shall determine the effective date (the "Increase Effective Date") and the final allocation of such increase (such increase, a "Commitment Increase"). The Administrative Agent shall promptly notify the Lead Borrower and the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase Commitment Increase and the Increase Effective Date and on the Increase Effective Date (i) the Aggregate Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsCommitment Increases, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Commitments and Applicable Percentages of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Barnes & Noble Inc)

Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent, in consultation with the Lead Borrower, shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase (each such increase, a “Commitment Increase”). The Administrative Agent shall promptly notify the Lead Borrower and the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase and the Increase Effective Date and on the Increase Effective Date (i) the Aggregate Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsCommitment Increases, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Commitments and Applicable Percentages of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Wet Seal Inc)

Effective Date and Allocations. If the Aggregate Revolving Commitments are increased in accordance with this SectionSection 2.15, the Administrative Agent, in consultation with Agent and the Lead Borrower, Borrower shall determine the effective date (the “Revolving Increase Effective Date”) and the final allocation of such increase (such increase, a “Revolving Commitment Increase”). The Administrative Agent shall promptly notify the Lead Borrower and the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase Revolving Commitment Increase and the Revolving Increase Effective Date and on the Increase Effective Date Datesuch date (i) the Aggregate Revolving Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsRevolving Commitment Increases, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Revolving Commitments and Applicable Percentages of the LendersRevolving Lenders in respect of the Revolving Credit Facility.

Appears in 1 contract

Samples: Credit Agreement (Barnes & Noble Inc)

Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent, in consultation with the Lead Borrower, shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Lead Borrower and the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase and the Increase Effective Date and on the Increase Effective Date (i) the Aggregate Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsCommitment Increases, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Commitments and Applicable Percentages of the Lenders. In no event shall the fees, interest rate and other compensation offered or paid in respect of additional Commitments or increase in Commitments have higher rates than the amounts paid and payable to the then existing Lenders in respect of their Commitments and the terms and conditions applicable to the increase in the Aggregate Commitments shall be the same as for the other Obligations.

Appears in 1 contract

Samples: Credit Agreement (Perfumania Holdings, Inc.)

Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent, in consultation with the Lead Borrower, shall determine the effective date (the each, an “Increase Effective Date”) and and, with respect to any Commitment Increases in excess of $50,000,000 in the aggregate, the Execution Version final allocation of such increase. The Administrative Agent shall promptly notify the Lead Borrower and the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation allocation, to the extent applicable, of such increase and the Increase Effective Date and on the Increase Effective Date (i) the Aggregate Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsCommitment Increases, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Commitments and Applicable Percentages of the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Dicks Sporting Goods Inc)

Effective Date and Allocations. If the Aggregate Revolving Commitments are increased in accordance with this SectionSection 2.15, the Administrative Agent, in consultation with Agent and the Lead Borrower, Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase (such increase, a “Commitment Increase”). The Administrative Agent shall promptly notify the Lead Borrower and the Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the final allocation of such increase Commitment Increase and the Increase Effective Date and on the Increase Effective Date (i) the Aggregate Revolving Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional CommitmentsCommitment Increases, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Revolving Commitments and Applicable Percentages of the LendersRevolving Lenders in respect of the Revolving Credit Facility.

Appears in 1 contract

Samples: Credit Agreement (Barnes & Noble Inc)

Effective Date and Allocations. If the Aggregate Revolving Commitments are increased after the Third Amendment Effective Date in accordance with this Section, the Administrative Agent, Agent (in consultation with the Lead Borrower, Borrowers) shall determine the effective date (the each, an “Increase Effective Date”) and the final allocation of such increasethe Revolving Commitment Increase, giving effect to the occurrence of the applicable Increase Effective Date. The Administrative Agent shall promptly notify the Lead Borrower Borrowers and the Revolving Lenders and other Eligible Assignees being allocated an Additional Commitment (each, an “Additional Commitment Lender”) of the such final allocation of such increase and the Increase Effective Date Date, and on the Increase Effective Date (i) the Aggregate Revolving Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Additional Commitmentsthe Revolving Commitment Increase, and (ii) the applicable Schedule 2.01 to the Agreement shall be deemed modified, without further action, to reflect the revised Commitments and Applicable Percentages of the Revolving Lenders.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Sears Holdings Corp)

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