Common use of Increase in Term Facility Clause in Contracts

Increase in Term Facility. (a) After the earlier of (i) the Delayed Draw Funding Date and (ii) the Delayed Draw Termination Date, 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 Term Loans (each, a “Term Facility Increase”) (which shall be on the same terms as, and become part of, the applicable Tranche of Term Loans hereunder (except as otherwise provided in Sections 2.15(d) and 2.15(f)) by an aggregate principal amount not to exceed, at the time the time of incurrence, the Incremental Amount; provided that any such request for a Term Facility Increase shall be in a minimum amount of the lesser of (x) $5,000,000 and (y) the entire amount of any Term Facility Increase that may be requested under this Section 2.15.

Appears in 2 contracts

Samples: Credit Agreement (Visteon Corp), Credit Agreement (Visteon Corp)

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Increase in Term Facility. (a) After the earlier of (i) the Delayed Draw Funding Date and (ii) the Delayed Draw Termination Date, the 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 Term Loans (each, a “Term Facility Increase”) (which shall be on the same terms asas (other than with respect to upfront fees and customary arrangement or commitment fees), and become part of, the applicable Tranche of Term Loans hereunder (except as otherwise provided in Sections 2.15(d2.1.4(d) and 2.15(f2.1.4(f)) by an aggregate principal amount not to exceed, at the time the time of incurrence, the Incremental AmountCap; provided that any such request for a Term Facility Increase shall be in a minimum amount of the lesser of (x) $5,000,000 and (y) the entire remaining amount of any Term Facility Increase that may be requested under this Section 2.152.1.4; provided, further, that no more than three (3) such requests for Term Facility Increases (in the aggregate with any requests for Incremental Term Facilities pursuant to Section 2.1.4) may be made by the Borrower.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Commercial Vehicle Group, Inc.)

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Increase in Term Facility. (a) After TheAt any time prior to, but not on or after, the earlier of (i) the Delayed Draw Funding Date and (ii) the Delayed Draw Termination First Amendment Effective Date, 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 Term Loans (each, a “Term Facility Increase”) (which shall be on the same terms asas (other than with respect to upfront fees and customary arrangement or commitment fees), and become part of, the applicable Tranche of Term Loans hereunder (except as otherwise provided in Sections 2.15(d2.1.4(d) and 2.15(f2.1.4(f)) by an aggregate principal amount not to exceed, at the time the time of incurrence, the Incremental AmountCap; provided that any such request for a Term Facility Increase shall be in a minimum amount of the lesser of (x) $5,000,000 and (y) the entire remaining amount of any Term Facility Increase that may be requested under this Section 2.152.1.4; provided, further, that no more than three (3) such requests for Term Facility Increases (in the aggregate with any requests for Incremental Term Facilities pursuant to Section 2.1.4) may be made by the Borrower.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Commercial Vehicle Group, Inc.)

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