Increase in Maximum Revolving Advance Amount. (a) Borrowers may, at any time prior to the third (3rd) anniversary of the Closing Date, request that the Maximum Revolving Advance Amount be increased by (1) one or more of the current Lenders increasing their Revolving Commitment Amount (any current Lender which elects to increase its Revolving Commitment Amount shall be referred to as an “Increasing Lender”) or (2) one or more new lenders (each a “New Lender”) joining this Agreement and providing a Revolving Commitment Amount hereunder, subject to the following terms and conditions:
Appears in 8 contracts
Samples: Security Agreement (Dril-Quip Inc), Security Agreement (Dril-Quip Inc), Guaranty and Security Agreement (Dril-Quip Inc)
Increase in Maximum Revolving Advance Amount. (a) Borrowers may, at any time prior to the third (3rd) anniversary expiration of the Closing DateTerm, request that the Maximum Revolving Advance Amount be increased by (1) one or more of the current Lenders increasing their Revolving Commitment Amount (any current Lender which elects to increase its Revolving Commitment Amount shall be referred to as an “Increasing Lender”) or (2) one or more (1) new lenders lender (each a “New Lender”) joining this Agreement and providing a Revolving Commitment Amount hereunder, subject to the following terms and conditions:
Appears in 4 contracts
Samples: Security Agreement (PHI Group, Inc./De), Loan and Security Agreement (PHI Group, Inc./De), Security Agreement (PHI Group, Inc./De)
Increase in Maximum Revolving Advance Amount. (a) Subject to the terms of the Term Loan Agreement and the Intercreditor Agreement, Borrowers may, at any time prior to the third (3rd) anniversary of the Closing Date, request that the Maximum Revolving Advance Amount be increased by (1) one or more of the current Lenders increasing their Revolving Commitment Amount (any current Lender which elects to increase its Revolving Commitment Amount shall be referred to as an “Increasing Lender”) or (2) one or more new lenders (each a “New Lender”) joining this Agreement and providing a Revolving Commitment Amount hereunder, subject to the following terms and conditions:
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (SMTC Corp), Security Agreement (SMTC Corp)
Increase in Maximum Revolving Advance Amount. (a) Borrowers may, at any time prior to the third (3rd) anniversary date that is one year prior to the expiration of the Closing DateTerm, request that the Maximum Revolving Advance Amount be increased by (1) one or more of the current Lenders increasing their Revolving Commitment Amount (any current Lender which elects to increase its Revolving Commitment Amount shall be referred to as an “Increasing Lender”) or (2) one or more new lenders (each a “New Lender”) joining this Agreement and providing a Revolving Commitment Amount hereunderhereunder , subject to the following terms and conditions:
Appears in 1 contract
Samples: Collateral Pledge Agreement (Universal Logistics Holdings, Inc.)
Increase in Maximum Revolving Advance Amount. (a) Borrowers may, at any time prior to the third fourth (3rd4th) anniversary of the Closing Date, request that the Maximum Revolving Advance Amount be increased by (1) one or more of the current Lenders increasing their Revolving Commitment Amount (any current Lender which elects to increase its Revolving Commitment Amount shall be referred to as an “Increasing Lender”) or (2) one or more new lenders (each a “New Lender”) joining this Agreement and providing a Revolving Commitment Amount hereunderhereunder (or a combination of Increasing Lenders and New Lenders), subject to the following terms and conditions:
Appears in 1 contract
Increase in Maximum Revolving Advance Amount. (a) Subject to the terms of the Term Loan Agreement and the Intercreditor Agreement, Borrowers may, at any time prior to the third (3rd) anniversary of the Closing Datetime, request that the Maximum Revolving Advance Amount be increased by (1) one or more of the current Lenders increasing their Revolving Commitment Amount (any current Lender which elects to increase its Revolving Commitment Amount shall be referred to as an “Increasing Lender”) or (2) one or more new lenders (each a “New Lender”) joining this Agreement and providing a Revolving Commitment Amount hereunderhereunder , subject to the following terms and conditions:
Appears in 1 contract