Common use of Increase in the Aggregate Commitments Clause in Contracts

Increase in the Aggregate Commitments. (a) The Borrower may, at any time (but no more than once in any consecutive 12-month period), by written notice to the Administrative Agent, request either (i) an increase in the aggregate amount of the Revolving Credit Commitments, (ii) an increase in the aggregate amount of the Term Loan Commitments, in the form of an additional tranche within the Term Loan Facility, or (iii) an increase in the aggregate amount of the Revolving Credit Commitments and an increase in the aggregate amount of the Term Loan Commitments, in each case by not less than $5,000,000 (each such proposed increase, a “Commitment Increase”) to be effective as of a date that is at least 90 days prior to the scheduled Termination Date then in effect (the “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however, that (i) in no event shall the aggregate amount of the Commitments in respect of all Facilities at any time exceed $900,000,000 in the aggregate, (ii) on the date of any request by the Borrower for a Commitment Increase and on the related Increase Date, the applicable conditions set forth in Article III shall be satisfied, and (iii) with respect to any Term Loan Borrowing in connection with any Commitment Increase consisting of Eurodollar Rate Advances, such Borrowing must occur only on the first day of an Interest Period.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (Summit Hotel Properties, Inc.), Credit Agreement (Summit Hotel Properties, Inc.)

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Increase in the Aggregate Commitments. (a) A. The Borrower may, at any time (but no in any event not more than once twice in any consecutive 12-month periodcalendar year prior to the Maturity Date (unless the Administrative Agent otherwise consents), by written notice to the Administrative Agent, request either (i) an increase in that the aggregate amount of the Revolving Credit CommitmentsCommitments be increased by (i) increasing the amount of the Commitment of any Lender which has agreed to such increase (any such Lender, an “Increasing Lender”) and/or (ii) adding one or more Eligible Assignees as parties hereto with Commitments in an increase in amount agreed to by such respective Eligible Assignees; provided that (a) the aggregate amount of any such increase (for all Increasing Lenders and Eligible Assignees on any particular day) shall be $25,000,000 or a higher integral multiple of $5,000,000, (b) the Term Loan Commitments, in the form of an additional tranche within the Term Loan Facility, or (iii) an increase in the aggregate amount of the Revolving Credit Commitments and an increase in the aggregate amount Commitment of the Term Loan Commitments, in each case by any Eligible Assignee that is not already a Lender shall be not less than $5,000,000 5,000,000, (each c) any such proposed increase, a “Commitment Increase”) to increase shall be effective as of a date that is at least 90 days prior to the scheduled Termination Maturity Date then in effect (the “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however, that (id) in no event shall the aggregate amount of the Commitments in respect of all Facilities at any time exceed $900,000,000 in the aggregate, 500,000,000 and (iiiv) on the date of any request by the Borrower for a Commitment Increase and on the related Increase Date, the applicable conditions set forth in Article III Section 3.3 shall be satisfied, and (iii) with respect to any Term Loan Borrowing in connection with any Commitment Increase consisting of Eurodollar Rate Advances, such Borrowing must occur only on the first day of an Interest Period.

Appears in 2 contracts

Samples: Credit Agreement (Hospira Inc), Credit Agreement (Hospira Inc)

Increase in the Aggregate Commitments. (a) The Borrower Company may, at any time prior to the Termination Date (but no more than once in any consecutive 12-month periodincluding on the Effective Date), by written notice to the Administrative Agent, request either (i) an increase in that the aggregate amount of the Revolving Credit Commitments, (ii) an increase in the aggregate Commitments be increased by a minimum amount of the Term Loan Commitments, $5,000,000 or an integral multiple of $1,000,000 in the form of an additional tranche within the Term Loan Facility, or excess thereof (iii) an increase in the aggregate amount of the Revolving Credit Commitments and an increase in the aggregate amount of the Term Loan Commitmentseach a “Requested Commitment Increase”), in each case by not less than $5,000,000 (each such proposed increase, a “Commitment Increase”) to be effective as of a date that is at least no later than 90 days prior to the scheduled Termination Date then in effect (any date on which the aggregate Commitments are increased pursuant to this Section 2.23, an “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however, that (i) that on and immediately following the Increase Date (A) in no event shall the aggregate amount of the Commitments in respect of all Facilities at any time exceed $900,000,000 in 700,000,000, and (B) the aggregate, (ii) on the date of any request by the Borrower for a Commitment Increase representations and on the related Increase Date, the applicable conditions warranties set forth in Article III hereof shall be satisfiedtrue and correct in all material respects on and as of the date of the Increase Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, and (iiiii) with respect at the time of and immediately after giving effect to any Term Loan Borrowing in connection with any such Commitment Increase consisting Increase, no Event of Eurodollar Rate Advances, such Borrowing must occur only on the first day of an Interest PeriodDefault or Default shall have occurred and be continuing. Commitments may be increased pursuant to this Section 2.23 no more than once.

Appears in 2 contracts

Samples: Year Credit Agreement (Harsco Corp), Year Credit Agreement (Harsco Corp)

Increase in the Aggregate Commitments. (a) 0 The Borrower Company may, at any time prior to the Termination Date (but no more than once in any consecutive 12-month periodincluding on the Effective Date), by written notice to the Administrative Agent, request either (i) an increase in that the aggregate amount of the Revolving Credit Commitments, (ii) an increase in the aggregate Commitments be increased by a minimum amount of the Term Loan Commitments, $5,000,000 or an integral multiple of $1,000,000 in the form of an additional tranche within the Term Loan Facility, or excess thereof (iii) an increase in the aggregate amount of the Revolving Credit Commitments and an increase in the aggregate amount of the Term Loan Commitmentseach a “Requested Commitment Increase”), in each case by not less than $5,000,000 (each such proposed increase, a “Commitment Increase”) to be effective as of a date that is at least no later than 90 days prior to the scheduled Termination Date then in effect (any date on which the aggregate Commitments are increased pursuant to this Section 2.23, an “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however, that (i) that on and immediately following the Increase Date (A) in no event shall the aggregate amount of the Commitments in respect of all Facilities at any time exceed $900,000,000 in 550,000,000, and (B) the aggregate, (ii) on the date of any request by the Borrower for a Commitment Increase representations and on the related Increase Date, the applicable conditions warranties set forth in Article III hereof shall be satisfiedtrue and correct in all material respects on and as of the date of the Increase Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, and (iiiii) with respect at the time of and immediately after giving effect to any Term Loan Borrowing in connection with any such Commitment Increase consisting Increase, no Event of Eurodollar Rate Advances, such Borrowing must occur only on the first day of an Interest PeriodDefault or Default shall have occurred and be continuing. Commitments may be increased pursuant to this Section 2.23 no more than once.

Appears in 1 contract

Samples: Credit Agreement (Harsco Corp)

Increase in the Aggregate Commitments. (a) The Borrower may, at any time (but no more than once in any consecutive 12-month period), by written notice to the Administrative Agent, request either (i) an increase in the aggregate amount of the Revolving Credit Commitments, (ii) an increase in the aggregate amount of the Term Loan Commitments, in the form of an additional tranche within the Term Loan Facility, or (iii) an increase in the aggregate amount of the Revolving Credit Commitments and an increase in the aggregate amount of the Term Loan Commitments, in each case by not less than $5,000,000 (each such proposed increase, a “Commitment Increase”) to be effective as of a date that is at least 90 days prior to the scheduled Termination Date then in effect (the “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however, that (i) in no event shall the aggregate amount of the Commitments in respect of all Facilities at any time exceed $900,000,000 600,000,000 in the aggregate, (ii) on the date of any request by the Borrower for a Commitment Increase and on the related Increase Date, the applicable conditions set forth in Article III shall be satisfied, and (iii) with respect to any Term Loan Borrowing in connection with any Commitment Increase consisting of Eurodollar Rate Advances, such Borrowing must occur only on the first day of an Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Summit Hotel Properties, Inc.)

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Increase in the Aggregate Commitments. (a) The Borrower Borrowers may, at any time (but no more than once in any consecutive 12-month period), by written notice to the Administrative Agent, request either (i) an increase in the aggregate amount of the Revolving Credit Commitments, (ii) an increase in the aggregate amount of the Term Loan Commitments, in the form of an additional tranche within the Term Loan Facility, or (iii) an increase in the aggregate amount of the Revolving Credit Commitments and an increase in the aggregate amount of the Term Loan Commitments, in each case by not less than $5,000,000 the Increase Minimum in the aggregate (each such proposed increase, a “Commitment Increase”) to be effective as of a date that is at least 90 days prior to the scheduled Termination Maturity Date then in effect (the “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however, that (i) in no event shall the aggregate amount of the Commitments (including the Equivalent thereof in Dollars with respect of all Facilities at to any time Commitments denominated in currencies other than Dollars) on any Increase Date exceed $900,000,000 in the aggregate1,100,000,000, (ii) on the date of any request by the Borrower Borrowers for a Commitment Increase and on the related Increase Date, the applicable conditions set forth in Article III Sections 3.01(a)(i) and 3.02 shall be satisfied, satisfied and (iii) with respect the Borrowers’ notice to any Term Loan Borrowing in connection with any the Administrative Agent shall indicate the proposed allocation of each such Commitment Increase consisting among the affected Commitments (each, an “Apportioned Commitment Increase”); provided further that the Commitment Increases permitted under this Section shall not exceed $100,000,000 in the aggregate. Subject to the terms and conditions of Eurodollar Rate Advancesthis Section 2.16 and Section 3.02, such Borrowing must occur only on each Commitment Increase shall be funded by the first day of an Interest Periodapplicable Lenders to the applicable Borrowers as a single Borrowing.

Appears in 1 contract

Samples: Term Loan Agreement (Digital Realty Trust, L.P.)

Increase in the Aggregate Commitments. (a) The Borrower Company may, at any time prior to the Termination Date (but no more than once in any consecutive 12-month periodincluding on the Effective Date), by written notice to the Administrative Agent, request either (i) an increase in that the aggregate amount of the Revolving Credit Commitments, (ii) an increase in the aggregate Commitments be increased by a minimum amount of the Term Loan Commitments, $5,000,000 or an integral multiple of $1,000,000 in the form of an additional tranche within the Term Loan Facility, or excess thereof (iii) an increase in the aggregate amount of the Revolving Credit Commitments and an increase in the aggregate amount of the Term Loan Commitmentseach a “Requested Commitment Increase”), in each case by not less than $5,000,000 (each such proposed increase, a “Commitment Increase”) to be effective as of a date that is at least no later than 90 days prior to the scheduled Termination Date then in effect (any date on which the aggregate Commitments are increased pursuant to this Section 2.23, an “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however, that (i) that on and immediately following the Increase Date (A) in no event shall the aggregate amount of the Commitments in respect of all Facilities at any time exceed $900,000,000 in 550,000,000, and (B) the aggregate, (ii) on the date of any request by the Borrower for a Commitment Increase representations and on the related Increase Date, the applicable conditions warranties set forth in Article III hereof shall be satisfiedtrue and correct in all material respects on and as of the date of the Increase Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, and (iiiii) with respect at the time of and immediately after giving effect to any Term Loan Borrowing in connection with any such Commitment Increase consisting Increase, no Event of Eurodollar Rate Advances, such Borrowing must occur only on the first day of an Interest PeriodDefault or Default shall have occurred and be continuing. Commitments may be increased pursuant to this Section 2.23 no more than once.

Appears in 1 contract

Samples: Five Year Credit Agreement (Harsco Corp)

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