Increase in Revolving Credit Facility. (a) The Borrower may from time to time, upon written notice by the Borrower to the Administrative Agent specifying the proposed amount thereof, request an increase, from any Lender or any Additional Lender, in any Tranche of Revolving Credit Commitments (each, a “Revolving Facility Increase”) (which shall be on the same terms as, and become part of, the applicable Tranche of Revolving Credit Commitments (except as otherwise provided in clause (f)) by an aggregate principal amount not to exceed, at the time the Revolving Facility Increase becomes effective and assuming any such Revolving Facility Increase is fully drawn, the Incremental Amount; provided that any such request for a Revolving Facility Increase shall be in a minimum amount of the lesser of (x) $5,000,000 and (y) the entire amount of any Revolving Facility Increase that may be requested under this Section 2.14.
(b) Each such notice shall specify the identity of each Lender or other Person that is an Eligible Assignee (each, a “Revolving Facility Increase Lender”) to whom the Borrower proposes any portion of such Revolving Facility Increase be allocated and the proposed amounts of such allocation; provided that (w) any Lender approached to provide all or a portion of the Revolving Facility Increase may elect or decline, in its sole discretion, to increase its applicable Tranche of Revolving Credit Commitments (it being understood that there is no obligation to approach any existing Lenders to provide any portion of the Revolving Facility Increase) and (x) the Administrative Agent, the L/C Issuer and the Swing Line Lender shall have the right to consent (each such consent not to be unreasonably conditioned, withheld or delayed) to such Person’s providing such portion of the Revolving Facility Increase if such consent of the Administrative Agent, the L/C Issuer and the Swing Line Lender would be required under Section 10.07 for an assignment of Revolving Credit Loans or Revolving Credit Commitments to such Person. At the time of sending such notice to any existing Lenders that are approached to provide all or a portion of a Revolving Facility Increase, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each applicable Lender is requested to respond. Any Revolving Credit Lender not responding within such time period shall be deemed to have declined to increase its applicable Tranche of Revolving Credit Commitment.
(c) The Administrative Agent sha...
Increase in Revolving Credit Facility. The reference to “$35,000,000” in Section 2.1 of the Credit Agreement is hereby deleted in its entirety and is hereby replaced with “$40,000,000”.
Increase in Revolving Credit Facility. Subject to the terms and conditions hereof and in reliance upon the representations and warranties set forth herein and in the Credit Agreement, on the Fourth Amendment Effective Date the Total Revolving Credit Commitments will be increased from $50,000,000 to $65,000,000 (the amount of such increase, the "Increased Revolving Commitments"). The Increased Revolving Commitments will be made available by the Lenders listed on Schedule I hereto (the "Additional Revolving Credit Lenders") in the respective amounts set forth opposite such Lenders' names on Schedule I hereto. On the Fourth Amendment Effective Date participating interests in outstanding Letters of Credit will be reallocated and deemed held by all the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages. On the Fourth Amendment Effective Date the Revolving Credit Lenders (including Revolving Credit Lenders holding Increased Revolving Commitments) will make payments to the Administrative Agent and the Administrative Agent will make payments to the Revolving Credit Lenders in such amounts as shall be directed by the Administrative Agent so that, after giving effect thereto, the Revolving Credit Loans will be held by the Revolving Credit Lenders in accordance with their respective Revolving Credit Percentages. Revolving Credit Loans made after the Fourth Amendment Effective Date shall be made ratably by all Revolving Credit Lenders, including the Additional Revolving Credit Lenders. On the Fourth Amendment Effective Date (i) the existing Revolving Credit Loans and the Loans made under the Increased Revolving Commitments shall be combined and consolidated into a single class of revolving credit loans and such class shall be the Revolving Credit Loans for all purposes of the Credit Agreement and the other Loan Documents (including as to payment, prepayment, interest rate and obligation to participate in outstanding Letters of Credit and Swing Line Loans), (ii) the Increased Revolving Credit Commitments shall be combined and consolidated into the Revolving Credit Commitments and (iii) each Additional Revolving Credit Lender shall be a Revolving Credit Lender under the Credit Agreement and the other Loan Documents. The Borrower will make payments of principal, interest and fees in respect of the Revolving Credit Commitments, Revolving Credit Loans and Letters of Credit consistent with the allocations described in this Section.
Increase in Revolving Credit Facility. (a) Request for Increase Prior to Maturity Date. Prior to the Maturity Date, provided no Default or Event of Default then exists or would arise therefrom, upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Borrowers may from time to time, request an increase in the Total Commitments by an amount (for all such requests) not exceeding $100,000,000; provided that (i) any such request for an increase shall be in a minimum amount of $10,000,000 and (ii) after giving effect to any such increase, the Total Commitments shall not exceed $750,000,000. At the time of sending such notice, the Borrowers (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 Business Days from the date of delivery of such notice to the Lenders).
Increase in Revolving Credit Facility. (a) Each Increasing Lender hereby agrees that on the Revolving Credit Increase Effective Date, the Revolving Credit Commitment of such Increasing Lender shall be increased by an amount equal to the amount set forth opposite such Increasing Lender’s name under the column “Incremental Revolving Credit Commitment” in Schedule A to this Amendment.
(b) On the Revolving Credit Increase Effective Date, the section in Schedule 2.01 of the Credit Agreement under the caption “Revolving Credit Commitments” shall be deleted and replaced in its entirety with Schedule A to this Amendment.
(c) The Revolving Credit Increase Effective Date for the Incremental Revolving Credit Commitment shall be the date on which the conditions precedent set forth in Section 5 hereto have been satisfied, as noticed by the Administrative Agent to the Increasing Lenders and the Borrower.
(d) Section 1.01 of the Credit Agreement is amended by adding the following definitions in the appropriate alphabetical order:
Increase in Revolving Credit Facility. (a) Each Increase Lender hereby agrees to increase its existing Revolving Commitment by the amount set forth opposite such Increase Lender’s name in the table below: Increase Lender Amount of Revolving Commitment Provided in Connection with the Increase Bank of America, N.A. $ 65,000,000.00 JPMorgan Chase Bank, N.A. $ 65,000,000.00 PNC Bank, National Association $ 115,000,000.00 U.S. Bank National Association $ 65,000,000.00 ING Bank N.V., Dublin Branch $ 40,000,000.00 TD Bank, N.A. $ 40,000,000.00 Truist Bank $ 40,000,000.00 Associated Bank, N.A. $ 20,000,000.00 Total: $ 450,000,000.00
(b) The Revolving Credit Increase Effective Date for the Increase is the Second Amendment Effective Date.
(c) In connection with the Increase:
(i) The last sentence of the definition of “Aggregate Revolving Commitment” in Section 1.01 of the Existing Credit Agreement is hereby amended and restated in its entirety to read as follows: The aggregate principal amount of the Aggregate Revolving Commitment in effect on the Second Amendment Effective Date is ONE BILLION FIVE HUNDRED FIFTY MILLION DOLLARS ($1,550,000,000).
(ii) The last sentence of the definition of “Applicable Percentage” in Section 1.01 of the Existing Credit Agreement is hereby amended and restated in its entirety to read as follows: On the Effective Date, the initial Applicable Percentage of each Lender in respect of each facility is set forth opposite the name of such Lender on Schedule 2.01 (as in effect on the Effective Date), or in the applicable Add-On Term Joinder Agreement, lender joinder agreement or Assignment and Assumption, in each case, pursuant to which such Lender becomes a party hereto, as applicable; and, on the Second Amendment Effective Date, after giving effect to the 2024 Increase, the Applicable Percentage of each Revolving Lender in respect of the Revolving Credit Facility is set forth opposite the name of such Revolving Lender on Schedule 2.01 (as in effect on the Second Amendment Effective Date).
(iii) The definition of “Incremental Amount” in Section 1.01 of the Existing Credit Agreement is hereby amended to add a new sentence at the end thereof to read as follows: As of the Second Amendment Effective Date, after giving effect to the 2024 Increase, the Incremental Amount shall be equal to $100,000,000.
(iv) Section 1.01 of the Existing Credit Agreement is hereby amended to add the following new defined terms in the appropriate alphabetical order:
Increase in Revolving Credit Facility. A. Amendment to Definition of “Aggregate Revolving Loan Commitment”. Section 1.1 of the Credit Agreement is hereby amended such that the definition of “Aggregate Revolving Loan Commitment” shall read in full as follows:
Increase in Revolving Credit Facility. Section 2.15 of the Credit Agreement is hereby deleted in its entirety and replaced with “[Intentionally Omitted]”.
Increase in Revolving Credit Facility. (a) Increase. Once the maximum permitted Consolidated Leverage Ratio covenant level as set forth in Section 7.01(a) has been reduced to 4.50:1.00 or less (i.e., on and after December 31, 2010) and the maximum permitted Consolidated Senior Secured Leverage Ratio covenant level as set forth in Section 7.01(c) has been reduced to 2.50:1.00 or less (i.e., on and after December 31, 2010), provided there exists no Default, upon notice to the Administrative Agent, the U.S. Borrower may from time to time for the first five (5) years after the Closing Date, increase the Revolving Credit Facility by an amount (for all such requests) not exceeding $25,000,000 such that the maximum amount of Revolving Credit Facility shall at no time exceed $175,000,000; provided that any such increase shall be in a minimum amount of $10,000,000 and in a whole multiple of $1,000,000 in excess thereof.
Increase in Revolving Credit Facility
