General Accordion Sample Clauses

General Accordion. (a) At any time during the period from and after the Closing Date through but excluding the Maturity Date, at the option of Borrower (but subject to the conditions set forth in clause (b) below), the Revolver Commitments and the Maximum Revolver Amount or the Floorplan Commitments and the Maximum Floorplan Amount may be increased by an amount in the aggregate for all such increases of the Revolver Commitments and the Maximum Revolver Amount and the Floorplan Commitments and the Maximum Floorplan Amount not to exceed the Available Increase Amount (each such increase, an "Increase"). Agent shall invite each Lender to increase its Revolver Commitments or its Floorplan Commitments (as the case may be) (it being understood that no Lender shall be obligated to increase its Revolver Commitments or its Floorplan Commitments) in connection with a proposed Increase at the interest margin proposed by Borrower, and if sufficient Lenders do not agree to increase their Revolver Commitments and/or their Floorplan Commitments (as the case may be) in connection with such proposed Increase, then Agent or Borrower may invite any prospective lender who is reasonably satisfactory to Agent and Borrower to become a Lender in connection with a proposed Increase. Any Increase shall be in an amount of at least $20,000,000 and integral multiples of $5,000,000 in excess thereof. In no event may the Revolver Commitments and the Maximum Revolver Amount and/or the Floorplan Commitments and the Maximum Floorplan Amount be increased pursuant to this Section 2.14 on more than 4 occasions in the aggregate for all such Increases. Additionally, for the avoidance of doubt, it is understood and agreed that in no event shall the aggregate amount of the Increases to the Revolver Commitments and the Floorplan Commitments exceed $100,000,000.
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General Accordion. (a) At any time during the period from and after the Closing Date through but excluding the Maturity Date, at the option of Borrowers (but subject to the conditions set forth in clause (b) below), the Australian Revolver Commitments, U.S. Revolver Commitments, Australian Maximum Revolver Amount and the U.S. Maximum Revolver Amount or the Australian Floorplan Commitments, U.S. Floorplan Commitments, Australian Maximum Floorplan Amount and the U.S. Maximum Floorplan Amount may be increased by an amount in the aggregate for all such increases not to exceed the Available Increase Amount (each such increase, an “Increase”). Agent shall invite each Lender to increase its applicable Revolver Commitments or its applicable Floorplan Commitments (as the case may be) (it being understood that no Lender shall be obligated to increase its applicable Revolver Commitments or its applicable Floorplan Commitments) in connection with a proposed Increase at the interest margin proposed by Borrowers, and if sufficient Lenders do not agree to increase their applicable Revolver Commitments and/or their applicable Floorplan Commitments (as the case may be) in connection with such proposed Increase, then Agent or Borrowers may invite any prospective lender who is reasonably satisfactory to Agent and Borrowers to become a Lender in connection with a proposed Increase. Any Increase shall be in an amount of at least $10,000,000 and integral multiples of $5,000,000 in excess thereof. In no event may Australian Revolver Commitments, U.S. Revolver Commitments, Australian Maximum Revolver Amount and the U.S. Maximum Revolver Amount or the Australian Floorplan Commitments, U.S. Floorplan Commitments, Australian Maximum Floorplan Amount and the U.S. Maximum Floorplan Amount be increased pursuant to this Section 2.14 on more than 4 occasions in the aggregate for all such Increases. Additionally, for the avoidance of doubt, it is understood and agreed that in no event shall the aggregate amount of the Increases to the Australian Revolver Commitments, U.S. Revolver Commitments, Australian Maximum Revolver Amount and the U.S. Maximum Revolver Amount or the Australian Floorplan Commitments, U.S. Floorplan Commitments, Australian Maximum Floorplan Amount and the U.S. Maximum Floorplan Amount exceed $100,000,000. (b) Each of the following shall be conditions precedent to any Increase of the Australian Revolver Commitments, U.S. Revolver Commitments, Australian Maximum Revolver Amount and the U.S...

Related to General Accordion

  • Definitions and Other Provisions of General Application SECTION 101.

  • Application of Commitment Reductions; Payment of Fees The Administrative Agent will promptly notify the Appropriate Lenders of any termination or reduction of unused portions of the Letter of Credit Sublimit or the Swing Line Sublimit or the unused Commitments of any Class under this Section 2.06. Upon any reduction of unused Commitments of any Class, the Commitment of each Lender of such Class shall be reduced by such Lender’s Pro Rata Share of the amount by which such Commitments are reduced (other than the termination of the Commitment of any Lender as provided in Section 3.07). All commitment fees accrued until the effective date of any termination of the Aggregate Commitments shall be paid on the effective date of such termination.

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