Common use of Expansion Requests Clause in Contracts

Expansion Requests. The Borrower may from time to time elect to increase the Revolving Commitments so long as, after giving effect thereto, the aggregate amount of the Revolving Commitments hereunder does not exceed $200,000,000. The Borrower may arrange for any such Revolving Commitment increase to be provided by one or more Lenders (each Lender so agreeing to an increase in its Revolving Commitment, an “Increasing Lender”), or by one or more new banks, financial institutions or other entities (each such new bank, financial institution or other entity, an “Augmenting Lender”) to increase their existing Revolving Commitments, or extend Revolving Commitments, as the case may be, provided that no Lender shall be required to increase its existing Revolving Commitment; provided, further, that (i) each Augmenting Lender shall be subject to the approval of the Borrower, the Administrative Agent, the Swingline Lender and the L/C Issuer and the increase in Revolving Commitments of each Increasing Lender shall be subject to the approval of the Swingline Lender and the L/C Issuer, and (ii) (A) in the case of an Increasing Lender, the Borrower and such Increasing Lender execute an agreement substantially in the form of Exhibit I, and (B) in the case of an Augmenting Lender, the Borrower and such Augmenting Lender execute an agreement substantially in the form of Exhibit J hereto. No consent of any Lender (other than the Lenders participating in such Revolving Commitment increase) shall be required for any such increase pursuant to this Section 2.15.

Appears in 2 contracts

Samples: Credit Agreement (HC Government Realty Trust, Inc.), Management Agreement (HC Government Realty Trust, Inc.)

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Expansion Requests. The Borrower may from time to time elect to increase the Revolving Commitments Commitments, increase any existing Term Loans and/or enter into one or more additional tranches of term loans (any such increase to any existing Term Loan and any such additional tranches of term loans, each, an “Incremental Term Loan”), so long as, after giving effect thereto, the aggregate amount of the such Revolving Commitments hereunder Commitment increases and all such Incremental Term Loans does not exceed $200,000,000545,000,000. The Borrower may arrange for any such Revolving Commitment increase or Incremental Term Loan to be provided by one or more Lenders (each Lender so agreeing to an increase in its Revolving Commitment, or to participate in such Incremental Term Loans, an “Increasing Lender”), or by one or more new banks, financial institutions or other entities (each such new bank, financial institution or other entity, an “Augmenting Lender”) ), to increase their existing Revolving Commitments, or to participate in such Incremental Term Loans, or extend Revolving Commitments, as the case may be, provided that no Lender shall be required to increase its existing Revolving Commitment; provided, further, that (i) each Augmenting Lender shall be subject to the approval of the Borrower, the Administrative Agent, the Swingline Lender and the L/C Issuer and the increase in Revolving Commitments of each or Increasing Lender shall be subject to the reasonable approval of the Swingline Lender Borrower and the L/C IssuerAdministrative Agent (and, in the case of any Augmenting Lender or Increasing Lender providing an additional or new Revolving Commitment, the approval of the Administrative Agent in its capacity as issuer of Letters of Credit and the Swingline Lender) and (ii) (A) in the case of an Increasing Lender, the Borrower and such Increasing Lender execute an agreement substantially in the form of Exhibit IJ, and (B) in the case of an Augmenting Lender, the Borrower and such Augmenting Lender execute an agreement substantially in the form of Exhibit J K hereto. No consent of any Lender (other than the Lenders participating in such Revolving Commitment increaseincrease or Incremental Term Loan) shall be required for any such increase or Incremental Term Loan pursuant to this Section 2.152.16 (other than the Swingline Lender in the case of any increase to the Revolving Commitments).

Appears in 2 contracts

Samples: Credit Agreement (National Storage Affiliates Trust), Credit Agreement (National Storage Affiliates Trust)

Expansion Requests. The Borrower may from time to time elect to increase the Revolving Commitments or enter into one or more additional tranches of term loans (each, an “Incremental Term Loan”), so long as, after giving effect thereto, the aggregate amount of the such Revolving Commitments hereunder Commitment increases and all such Incremental Term Loans does not exceed $200,000,000325,000,000. The Borrower may arrange for any such Revolving Commitment increase or Incremental Term Loan to be provided by one or more Lenders (each Lender so agreeing to an increase in its Revolving Commitment, or to participate in such Incremental Term Loans, an “Increasing Lender”), or by one or more new banks, financial institutions or other entities (each such new bank, financial institution or other entity, an “Augmenting Lender”) ), to increase their existing Revolving Commitments, or to participate in such Incremental Term Loans, or extend Revolving Commitments, as the case may be, provided that no Lender shall be required to increase its existing Revolving Commitment; provided, further, that (i) each Augmenting Lender shall be subject to the approval of the Borrower, Borrower and the Administrative AgentAgent (and, in the Swingline case of any Augmenting Lender and the L/C Issuer and the increase in Revolving Commitments of each or Increasing Lender shall be subject to providing an additional or new Revolving Commitment, the approval of the Swingline Lender Administrative Agent in its capacity as issuer of Letters of Credit and the L/C Issuer, Swingline Lender) and (ii) (A) in the case of an Increasing Lender, the Borrower and such Increasing Lender execute an agreement substantially in the form of Exhibit IJ, and (B) in the case of an Augmenting Lender, the Borrower and such Augmenting Lender execute an agreement substantially in the form of Exhibit J K hereto. No consent of any Lender (other than the Lenders participating in such Revolving Commitment increaseincrease or Incremental Term Loan) shall be required for any such increase or Incremental Term Loan pursuant to this Section 2.152.16 (other than the Swingline Lender in the case of any increase to the Revolving Commitments).

Appears in 1 contract

Samples: Credit Agreement (National Storage Affiliates Trust)

Expansion Requests. The Borrower may from time to time elect to increase the Revolving Commitments Commitments, increase any existing Term Loans and/or enter into one or more additional tranches of term loans (any such increase to any existing Term Loan and any such additional tranches of term loans, each, an “Incremental Term Loan”), so long as, after giving effect thereto, the aggregate amount of the such Revolving Commitments hereunder Commitment increases and all such Incremental Term Loans does not exceed $200,000,000475,000,000. The Borrower may arrange for any such Revolving Commitment increase or Incremental Term Loan to be provided by one or more Lenders (each Lender so agreeing to an increase in its Revolving Commitment, or to participate in such Incremental Term Loans, an “Increasing Lender”), or by one or more new banks, financial institutions or other entities (each such new bank, financial institution or other entity, an “Augmenting Lender”) ), to increase their existing Revolving Commitments, or to participate in such Incremental Term Loans, or extend Revolving Commitments, as the case may be, provided that no Lender shall be required to increase its existing Revolving Commitment; provided, further, that (i) each Augmenting Lender shall be subject to the approval of the Borrower, the Administrative Agent, the Swingline Lender and the L/C Issuer and the increase in Revolving Commitments of each or Increasing Lender shall be subject to the reasonable approval of the Swingline Lender Borrower and the L/C IssuerAdministrative Agent (and, and (ii) (A) in the case of any Augmenting Lender or Increasing Lender providing an Increasing Lenderadditional or new Revolving Commitment, the Borrower approval of the Administrative Agent in its capacity as issuer of Letters of Credit and such Increasing Lender execute an agreement substantially in the form of Exhibit I, and (BSwingline Lender) in the case of an Augmenting Lender, the Borrower and such Augmenting Lender execute an agreement substantially in the form of Exhibit J hereto. No consent of any Lender (other than the Lenders participating in such Revolving Commitment increase) shall be required for any such increase pursuant to this Section 2.15.and

Appears in 1 contract

Samples: Credit Agreement (National Storage Affiliates Trust)

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Expansion Requests. The Borrower may from time to time elect to increase the Revolving Commitments Commitments, increase any existing Term Loans and/or enter into one or more additional tranches of term loans (any such increase to any existing Term Loan and any such additional tranches of term loans, each, an “Incremental Term Loan”), so long as, after giving effect thereto, the aggregate amount of the such Revolving Commitments hereunder Commitment increases and all such Incremental Term Loans does not exceed $200,000,000475,000,000. The Borrower may arrange for any such Revolving Commitment increase or Incremental Term Loan to be provided by one or more Lenders (each Lender so agreeing to an increase in its Revolving Commitment, or to participate in such Incremental Term Loans, an “Increasing Lender”), or by one or more new banks, financial institutions or other entities (each such new bank, financial institution or other entity, an “Augmenting Lender”) ), to increase their existing Revolving Commitments, or to participate in 61 such Incremental Term Loans, or extend Revolving Commitments, as the case may be, provided that no Lender shall be required to increase its existing Revolving Commitment; provided, further, that (i) each Augmenting Lender shall be subject to the approval of the Borrower, the Administrative Agent, the Swingline Lender and the L/C Issuer and the increase in Revolving Commitments of each or Increasing Lender shall be subject to the reasonable approval of the Swingline Lender Borrower and the L/C IssuerAdministrative Agent (and, in the case of any Augmenting Lender or Increasing Lender providing an additional or new Revolving Commitment, the approval of the Administrative Agent in its capacity as issuer of Letters of Credit and the Swingline Lender) and (ii) (A) in the case of an Increasing Lender, the Borrower and such Increasing Lender execute an agreement substantially in the form of Exhibit IJ, and (B) in the case of an Augmenting Lender, the Borrower and such Augmenting Lender execute an agreement substantially in the form of Exhibit J K hereto. No consent of any Lender (other than the Lenders participating in such Revolving Commitment increaseincrease or Incremental Term Loan) shall be required for any such increase or Incremental Term Loan pursuant to this Section 2.152.16 (other than the Swingline Lender in the case of any increase to the Revolving Commitments).

Appears in 1 contract

Samples: Credit Agreement (National Storage Affiliates Trust)

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