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 increase in the Maximum Credit that 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 $175,000,000, (ii) such request shall be for an increase of not less than $10,000,000, and (iii) in no event shall the Maximum Credit be increased more than four (4) times during the term hereof.

Appears in 3 contracts

Samples: Loan and Security Agreement (Nci Building Systems Inc), Loan and Security Agreement (Nci Building Systems Inc), Loan and Security Agreement (Nci Building Systems Inc)

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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 Borrowers are 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 $175,000,000255,000,000, (ii) any such request for an increase shall be for an increase of not less than $10,000,00025,000,000, (iii) any such request shall be irrevocable, and (iiiiv) in no event shall the Maximum Credit there be increased more than four two (42) times such increases during the term hereofof this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Freedom Group, Inc.), Loan and Security Agreement (Freedom Group, Inc.)

Increase in Maximum Credit. (a) Subject to Section 2.19(f) below, Administrative Borrower may, at any timeone (1) time during the Term, deliver a written request to Agent to increase the Maximum Credit. Any such written request shall specify the amount of the increase in the Maximum Credit that Borrowers are requesting; provided, that, (i) in no event shall the aggregate amount of any such increase shall be subject to the consent of Agent and satisfaction of each of the conditions set forth in Section 2.19(c) below, (ii) any such written request shall specify the request by the Administrative Borrower to the increase in the Maximum Credit cause the Maximum Credit by $5,000,000 to exceed an aggregate amount of $175,000,000, (ii) such request shall be for an increase of not less than $10,000,00025,000,000, and (iii) in no event any such request shall the Maximum Credit be increased more than four (4) times during the term hereofirrevocable.

Appears in 1 contract

Samples: Loan and Security Agreement (Primo Water Corp)

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Increase in Maximum Credit. (a) Administrative Borrower may, at any timetime once during the term of this Agreement, deliver a written request to Agent to increase the Maximum Credit. Any such written request shall specify Credit from the amount of $30,000,000 to the increase in the Maximum Credit that 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 $175,000,000, 35,000,000 (ii) such which request shall be for an increase of not less than $10,000,000, and (iii) in no event shall the Maximum Credit be increased more than four (4) times during the term hereofirrevocable).

Appears in 1 contract

Samples: Kinergy Marketing (Pacific Ethanol, Inc.)

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