Increase in Revolving Loan Commitment Sample Clauses

Increase in Revolving Loan Commitment. Prior to the Expiration Date, and provided there is no Default or Event of Default at the time of such request, Borrower may make a written request to Lender for an increase in the Revolving Loan Commitment up to a maximum amount of $15,000,000. Lender may permit such increase in its sole discretion subject to such additional terms and conditions as Lender may require in connection with such increase.
Sample 1
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Increase in Revolving Loan Commitment. A. The Revolving Loan Commitment is hereby increased by an amount equal to $20,000,000.00, from the current Revolving Loan Commitment of $60,000,000.00 to an amount equal to $80,000,000.00. All references in the Credit Agreement to "Revolving Loan Commitment" shall mean the Revolving Loan Commitment as increased by this Amendment.
Sample 1
Increase in Revolving Loan Commitment. (A) At any time or from time to time prior to the fourth anniversary of the Closing Date, on not more than three occasions, Borrower may propose to increase the Revolving Loan Commitment (i) in minimum increments of $10,000,000 and (ii) by up to $50,000,000 in the aggregate, in accordance with and pursuant to this subsection 2.16.
Sample 1
Increase in Revolving Loan Commitment. (a) At any time or from time to time prior to the fourth anniversary of the First Amendment Date, on not more than three occasions, Borrower may propose to increase the Revolving Loan Commitment (i) in minimum increments of $10,000,000 and (ii) by up to $40,000,000 in the aggregate, in accordance with and pursuant to this subsection 2.16.
Sample 1
Increase in Revolving Loan Commitment. Subject to the terms and conditions set forth in this Amendment, the Revolving Loan Commitment is hereby increased from $200,000,000 to $300,000,000. The Borrower and the Administrative Agent hereby accept the Additional Commitments of the Increasing Lenders. By executing this Amendment, each of the Increasing Lenders agrees that, concurrently with the effectiveness of this Amendment, it shall assume the Additional Commitments in the amount set forth opposite such Increasing Lender’s name on Schedule I. As of the Second Amendment Effective Date, (i) each Lender’s Revolving Credit Commitment and Revolving Commitment Ratio is adjusted as set forth on Schedule II and (ii) each Increasing Lender who was not a Lender under the Credit Agreement prior to the Second Amendment Effective Date shall be a party to the Credit Agreement and, to the extent of its Revolving Credit Commitment, have the rights and obligations of a Lender under the Credit Agreement.
Sample 1
Increase in Revolving Loan Commitment. Subject to the terms and conditions of this Agreement, Borrower may at any time and from time to time request an increase in the Revolving Loan Commitment of up to $15,000,000 (the “Uncommitted Accordion Amount”), but only so long as (a) no Default or Event of Default has occurred and is continuing, (b) the requested increase is in a minimum amount of the lesser of: (i) $5,000,000 and (ii) the remaining Uncommitted Accordion Amount and is offered on the same terms as the existing Revolving Loan Commitment but subject to such additional fees required by Lender at such time, (c) increases under this Section 2.2 do not exceed the Uncommitted Accordion Amount in the aggregate and no more than three (3) increases are made, (d) there has been no termination of the Revolving Loan Commitment pursuant to Section 2.3 prior to the requested increase, (e) Borrower shall have delivered to Lender, as a condition precedent to such increase, (i) a certificate of Borrower signed by an authorized officer of Xxxxxxxx (A) certifying and attaching the resolutions adopted by Borrower approving or consenting to such increase and (B) certifying that, before and after giving effect to such increase, the conditions set forth in Section 8.2 are satisfied, (ii) all documents, organizational documents and other documents evidencing and contemplated by the accordion increase, in form and substance acceptable to Lender and (iii) any such other documents, opinions and other items as Lender may reasonably request; and (f) any and all other conditions required by Lender in its discretion to increase the Revolving Loan Commitment are satisfied, including Xxxxxx’s receipt of internal credit approval for any such increase. Lender is under no obligation to provide Borrower with all or any part of the Uncommitted Accordion Amount, and any increase in the Revolving Loan Commitment shall be approved by Lender in its discretion. Subject to the immediately preceding sentence and provided the conditions set forth in Section 8.2 are satisfied, the Revolving Loan Commitment shall be increased by the requested amount on a date agreed upon by Xxxxxx. Lender and Xxxxxxxx shall execute and deliver such documents and agreements as Xxxxxx deems reasonably appropriate to evidence the increase in the Revolving Loan Commitment.
Sample 1
Increase in Revolving Loan Commitment. (a) Schedule I to the Credit Agreement is hereby amended only with respect to the Revolving Loan Commitments and the Revolving Proportionate Shares as set forth on Schedule I annexed hereto as Exhibit A.
Sample 1
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Increase in Revolving Loan Commitment. A. The Revolving Loan Commitment is hereby increased on a temporary basis by $10,000,000 (the “Temporary Line Increase Amount”). As of the date of this Amendment, the total Revolving Loan Commitment shall be in an aggregate amount of $185,000,000, which amount shall be reduced by $10,000,000, to an aggregate amount of $175,000,000, on February 29, 2008. In the event the Temporary Line Increase Amount is not fully reduced to zero by February 29, 2008, the Revolving Loan Commitment shall nevertheless be reduced to $175,000,000 on February 29, 2008 and the then outstanding portion of the Temporary Line Increase Amount shall be reduced over a six (6) month period in substantially equal monthly amounts, with such reductions being made on the first day of each month and applied on a pro-rata basis based upon the Temporary Line Increase Amount of each such Lender. Interest shall continue to accrue on the outstanding portion of the Temporary Line Increase Amount until it has been reduced to zero. All references in the Credit Agreement to “
Sample 1
Increase in Revolving Loan Commitment. Section 5.17 of the Loan Agreement is hereby deleted.
Sample 1

Related to Increase in Revolving Loan Commitment

  • Increase in Revolving Commitments (a) The Borrower may, by written notice to the Administrative Agent from time to time, request that the total Revolving Commitment be increased by an aggregate amount not to exceed the Incremental Revolving Facility Amount at such time. Upon the receipt of such request by the Administrative Agent, the Administrative Agent shall deliver a copy thereof to each Revolving Lender. Such notice shall set forth the amount of the requested increase (which shall be in minimum increments of $500,000 and a minimum amount of $2,500,000 or equal to the remaining Incremental Revolving Facility Amount) 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 prior to the Revolving Credit Maturity Date), and shall offer each Revolving Lender the opportunity to increase its Revolving Commitment by its Pro Rata Percentage of the proposed increased amount. Each Revolving Lender shall, by notice to the Borrower and the Administrative Agent given not more than 10 days after the date of the Administrative Agent’s notice, either agree to increase its Revolving Commitment by all or a portion of the offered amount (each Revolving Lender so agreeing being an “Increasing Revolving Lender”) or decline to increase its Revolving Commitment (and any Revolving Lender that does not deliver such a notice within such period of 10 days shall be deemed to have declined to increase its Revolving Commitment) (each Revolving Lender so declining or being deemed to have declined being a Non-Increasing Revolving Lender”). In the event that, on the 10th day after the Administrative Agent shall have delivered a notice pursuant to the second sentence of this paragraph, the Increasing Revolving Lenders shall have agreed pursuant to the preceding sentence to increase their Revolving Commitments by an aggregate amount less than the increase requested by the Borrower, such Borrower may arrange for one or more banks or other entities (any such bank or other entity being called an “Augmenting Revolving Lender”), which may include any Lender, to extend Revolving Commitments or increase their existing Revolving Commitments in an aggregate amount equal to the unsubscribed amount; provided, however, that each Augmenting Revolving Lender shall be subject to the prior written approval of the Administrative Agent, the Swingline Lender and the Issuing Bank (which approvals shall not be unreasonably withheld or delayed), and the Borrower and each Augmenting 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 Revolving Lender hereunder, Any such increase may be made in an amount that is less than the increase requested by the Borrower if such Borrower is unable to arrange for, or chooses not to arrange for, Augmenting Revolving Lenders.

  • Increase in Revolving Credit Commitments (a) The Borrower may, by written notice to the Administrative Agent from time to time, request that the Total Revolving Credit Commitment be increased by an amount not to exceed the Incremental Revolving Facility Amount 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 Revolving Credit Commitment (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) 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), and shall offer each Revolving Credit Lender the opportunity to increase its Revolving Credit Commitment by its Pro Rata Percentage of the proposed increased amount. Each Revolving Credit Lender shall, by notice to the Borrower and the Administrative Agent given not more than 10 days after the date of the Administrative Agent's notice, either agree to increase its Revolving Credit Commitment by all or a portion of the offered amount (each Revolving Credit Lender so agreeing being an "INCREASING REVOLVING LENDER") or decline to increase its Revolving Credit Commitment (and any Revolving Credit Lender that does not deliver such a notice within such period of 10 days shall be deemed to have declined to increase its Revolving Credit Commitment) (each Revolving Credit Lender so declining or being deemed to have declined being a "NON-INCREASING REVOLVING LENDER"). In the event that, on the 10th day after the Administrative Agent shall have delivered a notice pursuant to the second sentence of this paragraph, the Revolving Credit Lenders shall have agreed pursuant to the preceding sentence to increase their Revolving Credit Commitments by an aggregate amount less than the increase in the Total Revolving Credit Commitment requested by the Borrower, the Borrower may arrange for one or more banks or other entities (any such bank or other entity referred to in this clause (a) being called an "AUGMENTING REVOLVING LENDER"), which may include any Lender, to extend Revolving Credit Commitments or increase their existing Revolving Credit Commitments in an aggregate amount equal to the unsubscribed amount; PROVIDED that each Augmenting Revolving Lender, if not already a Revolving Credit Lender hereunder, shall be subject to the approval of the Administrative Agent, the Swingline Lender and the Issuing Bank (which approvals shall not be unreasonably withheld) and the Borrower and each Augmenting Revolving Lender shall execute all such documentation as the Administrative Agent shall reasonably specify to evidence its Revolving Credit Commitment and/or its status as a Revolving Credit Lender hereunder. Any increase in the Total Revolving Credit 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, or chooses not to arrange for, Augmenting Revolving Lenders.

  • Increase in Revolving Credit Facility The references to “$20,000,000” in Section 2.1 of the Credit Agreement and in Section 2.2(a) of the Credit Agreement are deleted and are replaced by “$60,000,000”.

  • Term Loan Commitment As to each Term Loan Lender, the amount equal to such Term Loan Lender’s Term Loan Commitment Percentage of the aggregate principal amount of the Term Loans from time to time outstanding to the Borrower.

  • Revolving Loan Commitment Each Lender with a Revolving Loan Commitment agrees to make loans on a revolving basis (“Revolving Loans”) from time to time until the Termination Date in such Lender’s Pro Rata Share of such aggregate amounts as the Company may request from all Lenders; provided that the Revolving Outstandings will not at any time exceed Revolving Loan Availability.

  • Revolving Loan Commitments Lender will make loans to Borrower on a revolving basis (“Revolving Loans”) from time to time and Borrower may repay such loans from time to time until the Termination Date in such amounts as Borrower may request from Lender; provided, that after giving effect to such Revolving Loans, the Revolving Loans outstanding will not at any time exceed the Borrowing Availability.

  • Term Loan Commitments Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, each Lender severally agrees to make a term loan (the “Term Loan”) to the Borrower on the Closing Date in such principal amount as the Borrower shall request up to, but not exceeding such Lender’s Term Loan Commitment.

  • Loan Commitment Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Company herein set forth, the Lender hereby agrees to lend to the Company on the Closing Date and thereafter up to $16,000,000 in the aggregate (the "Loan") consisting of $8,000,000 of 7-year Tranche advances and $8,000,000 of 10-year Tranche advances. The Lender's commitment to make the Loan to the Company pursuant to this Section 2.1 is herein called the "Loan Commitment."

  • Swing Loan Commitment (a) Subject to the terms and conditions set forth in this Agreement, the Swing Loan Lender agrees to lend to the Borrower (the “Swing Loans”), and the Borrower may borrow (and repay and reborrow), in Dollars only, from time to time between the Closing Date and the date which is five (5) Business Days prior to the Revolving Credit Maturity Date upon notice by the Borrower to the Swing Loan Lender given in accordance with this §2.5, such sums as are requested by the Borrower for the purposes set forth in §2.9 in an aggregate principal amount at any one time outstanding not exceeding the Swing Loan Commitment; provided that in all events (i) no Default or Event of Default shall have occurred and be continuing; (ii) the outstanding principal amount of the Revolving Credit Loans and Swing Loans (after giving effect to all amounts requested) plus the Letter of Credit Liabilities shall not at any time exceed the Total Revolving Credit Commitment, and (iii) the sum of (A) the outstanding principal amount of the Revolving Credit Loans, Term Loans and Swing Loans, plus the Letter of Credit Liabilities and (B) the aggregate amount of all other Unsecured Indebtedness of REIT and its Subsidiaries shall not cause a violation of the covenants set forth in §§9.3, or 9.4. Notwithstanding anything to the contrary contained in this §2.5, the Swing Loan Lender shall not be obligated to make any Swing Loan at a time when any other Revolving Credit Lender is a Defaulting Lender, unless the Swing Loan Lender is satisfied that the participation therein will otherwise be fully allocated to the Revolving Credit Lenders that are Non-Defaulting Lenders consistent with §2.13(c) and the Defaulting Lender shall not participate therein, except to the extent the Swing Loan Lender has entered into arrangements with the Borrower or such Defaulting Lender that are satisfactory to the Swing Loan Lender in its good faith determination to eliminate the Swing Loan Lender’s Fronting Exposure with respect to any such Defaulting Lender, including the delivery of cash collateral. Swing Loans shall constitute “Revolving Credit Loans” for all purposes hereunder. The funding of a Swing Loan hereunder shall constitute a representation and warranty by the Borrower that all of the conditions set forth in §11 have been satisfied on the date of such funding. The Swing Loan Lender may assume that the conditions in §11 have been satisfied unless the Swing Loan Lender has received written notice from a Revolving Credit Lender that such conditions have not been satisfied. Each Swing Loan shall be due and payable within five (5) Business Days of the date such Swing Loan was provided and the Borrower hereby agrees (to the extent not repaid as contemplated by §2.5(d)) to repay each Swing Loan on or before the date that is five (5) Business Days from the date such Swing Loan was provided. A Swing Loan may not be refinanced with another Swing Loan.

  • Revolving Commitment Increase (a) Notwithstanding anything to the contrary in Section 12.1, subject to the terms and conditions set forth herein, the Borrower shall have the right from time to time, to cause an increase in the Revolving Commitments of the Revolving Lenders (a “Revolving Commitment Increase”) by adding to this Agreement one or more additional Eligible Assignees that are not already Revolving Lenders hereunder and that are reasonably satisfactory to the Administrative Agent, each Facing Agent and the Swing Line Lender (each, a “New Revolving Lender”) or by allowing one or more existing Revolving Lenders to increase their respective Revolving Commitments; provided that (i) both before and immediately after giving effect to such Revolving Commitment Increase, no Event of Default or Unmatured Event of Default shall have occurred and be continuing as of the effective date of such Revolving Commitment Increase (such date, the “Revolving Commitment Increase Date”), (ii) no such Revolving Commitment Increase shall be in an amount less than $10,000,000 (unless the aggregate amount of the Revolving Commitments then in effect is greater than $390,000,000), (iii) after giving effect to such Revolving Commitment Increase, the aggregate amount of the Revolving Commitments shall not exceed $600,000,000, (iv) no Revolving Lender’s Revolving Commitment shall be increased without such Revolving Lender’s prior written consent (which consent may be given or withheld in such Revolving Lender’s sole and absolute discretion) and (v) the only Revolving Commitment Increase that may occur on or after the Tenth Amendment Effective Date is a single Revolving Commitment Increase in an aggregate amount not exceeding $200,000,000 on (and subject to the occurrence of) the Eleventh Amendment Effective Date. The foregoing clause (i) and the following Section 2.10(b) and Section 2.10(e) shall not be applicable to the 2014 Revolving Commitment Increase and the only conditions to the 2014 Revolving Commitment Increase shall be those conditions set forth in Section 4 of the Eleventh Amendment.

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