Common use of Increase in Revolving Credit Commitments Clause in Contracts

Increase in Revolving Credit Commitments. (i) Provided there exists no Default or Event of Default and subject to the conditions set forth under clause (v) below, upon notice to the Administrative Agent (which shall promptly notify the Lenders), Borrower may from time to time request an increase in the Revolving Credit Commitments; provided, that (A) the Aggregate Revolving Credit Commitments shall not at any time exceed the lesser of (1) the Aggregate Maximum Revolving Credit Amounts after adjustments resulting from reductions thereof pursuant to Section 2.03(d) and (2) the then effective Borrowing Base, and (B) such increase of the Revolving Credit Commitments shall be in a minimum amount of $5,000,000, or integral multiples of $1,000,000 in excess thereof. At the time of sending such notice, Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Lenders).

Increase in Revolving Credit Commitments. (ia) Provided there exists no Default or Event of Default and subject to the conditions set forth under clause (v) belowDefault, upon notice to the Administrative Agent (which shall promptly notify the Revolving Credit Lenders)) specifying in reasonable detail the proposed terms thereof, Borrower the Borrowers may from time to time after the Initial Funding Date, request an increase in the Revolving Credit Commitments; provided, that Facility (A) which shall be on the Aggregate same terms as the Revolving Credit Commitments shall not at any time exceed Facility) by an amount (for all such requests, together with all requests for an increase in the lesser of (1) the Aggregate Maximum Revolving Credit Amounts after adjustments resulting from reductions thereof Term Facility pursuant to Section 2.03(d2.21) and not exceeding $250,000,000; provided that (2i) the then effective Borrowing Base, and (B) any such request for an increase of the Revolving Credit Commitments shall be in a minimum amount of the lesser of (x) $5,000,000, or integral multiples 25,000,000 and (y) the entire remaining amount of $1,000,000 increases available under this Section and (ii) the Borrowers shall make no more than a total of three requests for increases in excess thereofthe Revolving Credit Facility under this Section 2.22 and/or increases in the Term Facility under Section 2.21. At the time of sending such notice, Borrower (in consultation with the Borrowers and the Administrative Agent) Agent shall specify the time period within which each Revolving Credit Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Revolving Credit Lenders).

Increase in Revolving Credit Commitments. (ia) Provided there exists no Default, and no Default or Event would result from any borrowing as of Default and subject to the conditions set forth under clause (v) belowfunding date thereof, upon sixty (60) days written notice to the Administrative Agent (which shall promptly notify the Revolving Lenders), the Borrower may from time to time request an increase in the Revolving Credit Commitments; provided, that (A) the Aggregate Revolving Credit Commitments shall Commitment by an additional amount (for all such requests) not at exceeding $15,000,000.00 in the aggregate; provided that (i) any time exceed the lesser of (1) the Aggregate Maximum Revolving Credit Amounts after adjustments resulting from reductions thereof pursuant to Section 2.03(d) and (2) the then effective Borrowing Base, and (B) such request for an increase of the Revolving Credit Commitments shall be in a minimum amount of $5,000,000, or 5,000,000 and integral multiples of $1,000,000 1,000,000.00 in excess thereof, (ii) the Borrower may make a maximum of three (3) such requests and (iii) after giving effect to any increase under this Section, the Aggregate Revolving Credit Commitment shall not exceed the Aggregate Revolving Credit Maximum Amount. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Revolving Lender is requested to respond (which shall in no event be less than ten twenty (1020) Business Days from the date of delivery of such notice to the Revolving Lenders).

Increase in Revolving Credit Commitments. (ia) Provided there exists no Default or Event of Default and subject to the conditions set forth under clause (v) belowDefault, upon notice to the Administrative Agent (which shall promptly notify the Revolving Credit Lenders)) specifying in reasonable detail the proposed terms thereof, Borrower the Borrowers may from time to time after the Amendment Effective Date, request an increase in the Revolving Credit Commitments; provided, that Facility (A) which shall be on the Aggregate same terms as the Revolving Credit Facility) by an amount (for all such requests, together with all requests for Incremental Term Loan Commitments shall not at any time exceed the lesser of (1) the Aggregate Maximum Revolving Credit Amounts after adjustments resulting from reductions thereof pursuant to Section 2.03(d2.21) and not exceeding $250,000,000; provided that (2i) the then effective Borrowing Base, and (B) any such request for an increase of the Revolving Credit Commitments shall be in a minimum amount of the lesser of (x) $5,000,000, or integral multiples 25,000,000 and (y) the entire remaining amount of $1,000,000 increases available under this Section and (ii) the Borrowers shall make no more than a total of three requests for increases in excess thereofthe Revolving Credit Facility under this Section 2.22 and/or Incremental Term Loan Commitments under Section 2.21. At the time of sending such notice, Borrower (in consultation with the Borrowers and the Administrative Agent) Agent shall specify Credit Agreement the time period within which each Revolving Credit Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Revolving Credit Lenders).