Increase in Revolving Credit Commitments. (i) The Borrower may, by written notice to the Administrative Agent from time to time, request that the Total Revolving Commitment be increased by an amount not to exceed the Incremental Revolving Facility Amount available at such time. Such notice shall set forth the amount of the requested increase in the Total Revolving Commitment (which shall be in minimum increments of $5,000,000 and a minimum amount of $10,000,000 or equal to the Incremental Revolving Facility Amount available at such time) and the date on which such increase is requested to become effective (which shall be not less than 10 Business Days nor more than 60 days after the date of such notice and which, in any event, must be on or prior to the Revolving Maturity Date). Upon the approval of such request by the Administrative Agent (which approval shall not be unreasonably withheld), the Borrower may arrange for one or more banks or other entities, in each case acceptable to the Administrative Agent (any such bank or other entity referred to in this clause being an "INCREMENTAL REVOLVING LENDER"), which may include any Lender, to extend Revolving Commitments or increase their existing Revolving Commitments in an aggregate amount equal to the requested increase in the Total Revolving Commitment. The Borrower and each Incremental Revolving Lender shall execute all such documentation as the Administrative Agent shall reasonably specify to evidence its Revolving Commitment and/or its status as a Lender with a Revolving Commitment hereunder. Any increase in the Total Revolving Commitment may be made in an amount which is less than the increase requested by the Borrower if the Borrower is unable to arrange for Incremental Revolving Lenders.
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Increase in Revolving Credit Commitments. (ia) The Borrower mayProvided there exists no Default and on or prior to the fourth anniversary of the Closing Date, by written upon notice to the Administrative Agent (which shall promptly notify the Revolving Credit Lenders), the Borrower may from time to time, request that an increase in the Total Revolving Commitment be increased Credit Commitments by an amount (for all such requests) not to exceed the Incremental Revolving Facility Amount available at exceeding $500,000,000; provided that (i) any such time. Such notice shall set forth the amount of the requested request for an increase in the Total Revolving Commitment (which shall be in minimum increments of $5,000,000 and a minimum amount of $10,000,000 or equal to 50,000,000, and (ii) the Incremental Borrower may make a maximum of two such requests. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Revolving Facility Amount available at such time) and the date on which such increase Credit Lender is requested to become effective respond (which shall in no event be not less than 10 ten Business Days nor more than 60 days after from the date of delivery of such notice and which, in any event, must be on or prior to the Revolving Maturity DateCredit Lenders). Upon the approval of such request by Each Revolving Credit Lender shall notify the Administrative Agent (which approval within such time period whether or not it agrees to increase its Revolving Credit Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Revolving Credit Percentage of such requested increase. Any Revolving Credit Lender not responding within such time period shall not be unreasonably withheld)deemed to have declined to increase its Revolving Credit Commitment. The Administrative Agent shall notify the Borrower and each Revolving Credit Lender of the Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase, the Borrower may arrange for one or more banks or other entities, also invite additional Eligible Assignees to become Revolving Credit Lenders pursuant to a joinder agreement in each case acceptable form and substance reasonably satisfactory to the Administrative Agent (any such bank or other entity referred to in this clause being an "INCREMENTAL REVOLVING LENDER"), which may include any Lender, to extend Revolving Commitments or increase their existing Revolving Commitments in an aggregate amount equal to the requested increase in the Total Revolving Commitment. The Borrower and each Incremental Revolving Lender shall execute all such documentation as the Administrative Agent shall reasonably specify to evidence its Revolving Commitment and/or its status as a Lender with a Revolving Commitment hereunder. Any increase in the Total Revolving Commitment may be made in an amount which is less than the increase requested by the Borrower if the Borrower is unable to arrange for Incremental Revolving Lenderscounsel.
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Samples: Credit Agreement (McClatchy Co)
Increase in Revolving Credit Commitments. (ia) The Borrower mayProvided there exists no Default, by written upon notice to the Administrative Agent from time to time, request that the Total Revolving Commitment be increased by an amount not to exceed the Incremental Revolving Facility Amount available at such time. Such notice shall set forth the amount of the requested increase in the Total Revolving Commitment (which shall be in minimum increments of $5,000,000 and a minimum amount of $10,000,000 or equal to promptly notify the Incremental Revolving Facility Amount available at such time) and the date on which such increase is requested to become effective (which shall be not less than 10 Business Days nor more than 60 days after the date of such notice and which, in any event, must be on or prior to the Revolving Maturity Date). Upon the approval of such request by the Administrative Agent (which approval shall not be unreasonably withheldLenders), the Borrower may arrange for one on up to three (3) different occasions (in the aggregate with Section 2.14) request an increase in the Revolving Credit Commitments by an amount not exceeding $50,000,000; provided, that (i) after giving effect to any such increase in the Revolving Credit Commitments, the aggregate amount of increased Commitments that have been effected pursuant to Section 2.14 and this Section 2.15 shall not exceed $100,000,000 at any time and (ii) any such increase shall be in an aggregate amount of $500,000 or more banks any whole multiple of $100,000 in excess thereof. At the time of the sending of such notice, the 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). Each Lender shall notify the Administrative Agent within such time period whether or other entitiesnot it agrees to increase its Revolving Credit Commitment and, if so, whether by an amount equal to, greater than, or less than its Pro Rata Share of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Revolving Credit Commitment. The Administrative Agent shall notify the Borrower and each Lender of the Lenders' responses to each request made hereunder. To achieve the full amount of a requested increase, the Borrower may also invite additional Eligible Assignees to become Lenders pursuant to a joinder agreement in each case acceptable form and substance reasonably satisfactory to the Administrative Agent (any such bank or other entity referred to in this clause being an "INCREMENTAL REVOLVING LENDER"), which may include any Lender, to extend Revolving Commitments or increase their existing Revolving Commitments in an aggregate amount equal to the requested increase in the Total Revolving Commitment. The Borrower and each Incremental Revolving Lender shall execute all such documentation as the Administrative Agent shall reasonably specify to evidence its Revolving Commitment and/or its status as a Lender with a Revolving Commitment hereunder. Any increase in the Total Revolving Commitment may be made in an amount which is less than the increase requested by the Borrower if the Borrower is unable to arrange for Incremental Revolving Lenderscounsel.
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Increase in Revolving Credit Commitments. (ia) The U.S. Borrower may, by written notice to the Administrative Agent from time to time, request that the Total Revolving Commitment Credit Commitments of one or more Classes be increased by an aggregate amount not to exceed the Incremental Revolving Facility Amount available at such time. Upon the approval of such request by the Administrative Agent (which approval shall not be unreasonably withheld), the Administrative Agent shall deliver a copy thereof to each Revolving Credit Lender. Such notice shall set forth the amount of the requested increase in the Total total Revolving Commitment Credit Commitments, and the allocation thereof among the Classes (which shall be in minimum increments of $5,000,000 and a minimum amount of $10,000,000 or equal to the remaining Incremental Revolving Facility Amount available at such timeAmount) and the date on which such increase is requested to become effective (which shall be not less than 10 Business Days nor more than 60 days after the date of such notice and which, in any event, must be on or prior to the Revolving Credit Maturity Date). Upon , and shall offer each Revolving Credit Lender with a Commitment of the approval affected Class the opportunity to increase its Revolving Credit Commitment of such request Class by its Pro Rata Percentage of the proposed increased amount. Each Revolving Credit Lender shall, by notice to the U.S. Borrower and the Administrative Agent (which approval shall given not be unreasonably withheld), more than 10 days after the Borrower may arrange for one or more banks or other entities, in each case acceptable to date of the Administrative Agent Agent’s notice, either agree to increase its Revolving Credit Commitment of such Class by all or a portion of the offered amount (any such bank or other entity referred to in this clause each Revolving Credit Lender so agreeing being an "INCREMENTAL REVOLVING LENDER"), which may include any “Increasing Revolving Lender, to extend Revolving Commitments ”) or increase their existing Revolving Commitments in an aggregate amount equal to the requested increase in the Total Revolving Commitment. The Borrower and each Incremental Revolving Lender shall execute all such documentation as the Administrative Agent shall reasonably specify to evidence its Revolving Commitment and/or its status as a Lender with a Revolving Commitment hereunder. Any increase in the Total Revolving Commitment may be made in an amount which is less than the increase requested by the Borrower if the Borrower is unable to arrange for Incremental Revolving Lenders.decline to
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