Increase Effective Date and Allocations. If the Aggregate Revolving Loan Commitments are increased in accordance with this Section, the Agent, in consultation with the Lead Borrower, shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Agent shall promptly notify the Lead Borrower and the Revolving Loan Lenders of the final allocation of such increase and the Increase Effective Date, and on the Increase Effective Date (i) the Aggregate Revolving Loan Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such increase, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Revolving Loan Commitments and Applicable Percentages of the Revolving Loan Lenders.
Appears in 3 contracts
Samples: Credit Agreement (LL Flooring Holdings, Inc.), Credit Agreement (Lumber Liquidators Holdings, Inc.), Credit Agreement (Lumber Liquidators Holdings, Inc.)
Increase Effective Date and Allocations. If the Aggregate Revolving Loan Commitments are increased in accordance with this Section, the Agent, in consultation with the Lead Borrower, shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Agent shall promptly notify the Lead Borrower and the Revolving Loan Lenders of the final allocation of such increase and the Increase Effective Date, Date and on the Increase Effective Date (i) the Aggregate Revolving Loan Commitments under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such increaseCommitment Increases, and (ii) Schedule 2.01 shall be deemed modified, without further action, to reflect the revised Revolving Loan Commitments and Applicable Percentages of the Revolving Loan Lenders.
Appears in 1 contract
Samples: Credit Agreement (Lumber Liquidators Holdings, Inc.)
Increase Effective Date and Allocations. If the Aggregate Revolving Loan aggregate Revolver Commitments are increased in accordance with this Section, the Agent, in consultation with the Lead Borrower, shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Agent shall promptly notify the Lead Borrower and the Revolving Loan Revolver Lenders of the final allocation of such increase and the Increase Effective Date, Date and on the Increase Effective Date (i) the Aggregate Revolving Loan aggregate Revolver Commitments and the Maximum Revolver Amount under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such increaseRevolver Commitment Increases, and (ii) Schedule 2.01 C-1 shall be deemed modified, without further action, to reflect the revised Revolving Loan Revolver Commitments and Applicable Percentages Pro Rata Shares of the Revolving Loan Revolver Lenders.
Appears in 1 contract
Samples: Loan, Guaranty and Security Agreement (Gordmans Stores, Inc.)