Common use of Increase in Maximum Credit Clause in Contracts

Increase in Maximum Credit. (a) Administrative Borrower may, at any time, deliver a written request to Agent to increase the Maximum Credit. Any such written request shall specify the amount of the requested increase in the Maximum Credit that Administrative Borrower is requesting, provided, that, (i) in no event shall the aggregate amount of any increase in the Maximum Credit cause the Maximum Credit to exceed $200,000,000, (ii) any such request for an increase shall be for an increase of not less than $10,000,000, (iii) any such request shall be irrevocable, and (iv) in no event shall more than two such written requests be delivered to Agent in any calendar year.

Appears in 2 contracts

Samples: Loan and Security Agreement (Travelcenters of America LLC), Loan and Security Agreement (Travelcenters of America LLC)

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Increase in Maximum Credit. (a) Administrative Borrower may, at any time and from time to time, deliver a written request to Agent to increase the Maximum Credit. Any such written request shall specify the amount of the requested increase in the Maximum Credit that Administrative Borrower is requesting, provided, that, (i) in no event shall the aggregate amount of any increase in the Maximum Credit cause the Maximum Credit to exceed $200,000,000300,000,000, (ii) any such request for an increase shall be for an increase of not less than $10,000,000, (iii) any such request shall be irrevocable, and (iv) in no event shall more than two (2) such written requests increases be delivered to Agent made in any calendar year.

Appears in 2 contracts

Samples: Loan and Security Agreement (Travelcenters of America LLC), Loan and Security Agreement (Travelcenters of America LLC)

Increase in Maximum Credit. (a) Administrative Borrower may, at any time, deliver a written request to Agent to increase the Maximum Credit. Any such written request shall specify the amount of the requested increase in the Maximum Credit that Administrative Borrower is Borrowers are requesting, provided, that, (i) in no event shall the aggregate amount of any such increase in the Maximum Credit cause the Maximum Credit to exceed $200,000,000170,000,000, (ii) any such request for an increase shall be for an increase of not less than $10,000,0005,000,000, (iii) any such request shall be irrevocable, and (iv) in no event shall there be more than two one (1) such written requests be delivered to Agent increase in any calendar yearquarter, (v) in no event shall there be more than three (3) such increases during the term of this Agreement and (vi) no Default or Event of Default shall exist or have occurred and be continuing.

Appears in 1 contract

Samples: Loan and Security Agreement (Haynes International Inc)

Increase in Maximum Credit. (ai) Administrative Borrower may, at any timetime that a Triggering Event does not exist, deliver a written request to Agent to increase the Maximum Credit. Any such written request shall specify the amount of the requested increase in the Maximum Credit that Administrative Borrower is Borrowers are requesting, ; provided, that, (iA) in no event shall the aggregate amount of any such increase in the Maximum Credit cause the Maximum Credit to exceed $200,000,000600,000,000, (iiB) any such request for an increase shall be for an increase of not less than $10,000,00050,000,000, (iiiC) any such request shall be irrevocable, and (ivD) in no event shall the Maximum Credit be increased more than two such written requests be delivered to Agent in any calendar yearfour (4) times during the term hereof.

Appears in 1 contract

Samples: Credit Agreement (Delek US Holdings, Inc.)

Increase in Maximum Credit. (a) Administrative Borrower Agent may, at any time, deliver a written request to Agent to increase the Maximum Credit. Any such written request shall specify the amount of the requested increase in the Maximum Credit that Administrative Borrower is Borrowers are requesting, provided, that, (i) in no event shall the aggregate amount of any such increase in the Maximum Credit cause the Maximum Credit to exceed $200,000,000100,000,000, (ii) any such request for an increase shall be for an increase of not less than $10,000,0005,000,000, (iii) any such request shall be irrevocable, and (iv) in no event shall there be more than two one such written requests be delivered to Agent increase in any calendar yearquarter and (v) no Default or Event of Default shall exist or have occurred and be continuing.

Appears in 1 contract

Samples: Loan and Security Agreement (Santana Products Inc.)

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Increase in Maximum Credit. (a) Administrative Borrower Agent may, at any time, deliver a written request to Administrative Agent to increase the Maximum Credit. Any such written request shall specify the amount of the requested increase in the Maximum Credit that Administrative Borrower is Borrowers are requesting, provided, that, (i) in no event shall the aggregate amount of any such increase in the Maximum Credit cause the Maximum Credit to exceed $200,000,000100,000,000, (ii) any such request for an increase shall be for an increase of not less than $10,000,0005,000,000, (iii) any such request shall be irrevocable, and (iv) in no event shall there be more than two one such written requests be delivered to Agent increase in any calendar yearquarter and (v) no Default or Event of Default shall exist or have occurred and be continuing.

Appears in 1 contract

Samples: Loan and Security Agreement (CPG International Inc.)

Increase in Maximum Credit. (a) Administrative Borrower may, at any time, deliver a written request to Agent to increase the Maximum Credit. Any such written request shall specify the amount of the requested increase in the Maximum Credit that Administrative Borrower is requesting, provided, that, (i) in no event shall the aggregate amount of any such increase in the Maximum Credit cause the Maximum Credit to exceed $200,000,000100,000,000, (ii) any such request for an increase shall be for an increase of not less than $10,000,0005,000,000, (iii) any such request shall be irrevocable, and (iv) in no event shall there be more than two one such written requests be delivered to Agent increase in any calendar yearquarter and (v) no Default or Event of Default shall exist or have occurred and be continuing.

Appears in 1 contract

Samples: Loan and Security Agreement and Consent (Viasystems Group Inc)

Increase in Maximum Credit. (a) Administrative Borrower maymay (on behalf of Borrowers), at any time, deliver a written request to Agent to increase the Maximum Credit. Any such written request shall specify the amount of the requested increase in the Maximum Credit that Administrative Borrower is Borrowers are requesting, ; provided, that, (i) in no event shall the aggregate amount of any such increase in the Maximum Credit cause the Maximum Credit to exceed $200,000,000100,000,000, (ii) any such request for an increase shall be for an increase of not less than $10,000,0005,000,000, (iii) any such request shall be irrevocable, and (iv) in no event shall more than two one such written requests request be delivered to Agent in any calendar yearquarter and (v) any request shall be subject to the approval of Agent and Lenders in their sole discretion.

Appears in 1 contract

Samples: Loan and Security Agreement (Pacific Ethanol, Inc.)

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