Common use of Increase in the Aggregate Revolving Credit Commitments Clause in Contracts

Increase in the Aggregate Revolving Credit Commitments. (a) The Borrower may, at any time but in any event not more than once in any calendar year prior to the Revolving Credit Maturity Date, by notice to the Administrative Agent in the form attached hereto as Exhibit C, request that the aggregate amount of the Revolving Credit Commitments be increased by an amount of at least Ten Million and 00/100 Dollars ($10,000,000.00) or an integral multiple of Five Million and 00/100 Dollars ($5,000,000.00) in excess thereof (each a “Revolving Credit Commitment Increase”) to be effective as of a date that is at least ninety (90) days prior to the scheduled Revolving Credit Maturity Date then in effect (the “Revolving Credit 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 Revolving Credit Commitments at any time exceed Three Hundred Million and 00/100 Dollars ($300,000,000.00) and (ii) on the date of any request by the Borrower for a Revolving Credit Commitment Increase 42 and on the related Revolving Credit Increase Date the conditions set forth in Section 4.03 shall have been satisfied.

Appears in 2 contracts

Samples: Credit Agreement (Rti International Metals Inc), Credit Agreement (Rti International Metals Inc)

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Increase in the Aggregate Revolving Credit Commitments. (a) The Borrower may, may at any time but in any event not more than once in any calendar year prior to the Revolving Credit Maturity Datetime, by notice to the Administrative Agent in the form attached hereto as Exhibit CAgent, request that the aggregate amount of the Revolving Credit Commitments be increased by an amount of at least Ten Million and 00/100 Dollars ($10,000,000.00) 10,000,000 or an integral a multiple of Five Million and 00/100 Dollars ($5,000,000.00) 1,000,000 in excess thereof (each a “Revolving Credit "Commitment Increase") to be effective as of a on the date that is at least ninety (90) days prior to the scheduled Revolving Credit Maturity Date then in effect (the “Revolving Credit "Increase Date") as specified in the related notice to on which the Administrative AgentAgent shall have notified the Borrower that such Commitment Increase is effective and all conditions to such Commitment Increase have been satisfied; provided, however that (i) in no event shall the aggregate amount of the Revolving Credit Commitments at exceed $350,000,000 minus the aggregate amount of any time exceed Three Hundred Million and 00/100 Dollars ($300,000,000.00) and reductions in the Revolving Credit Commitments made pursuant to Section 3.4 prior to such time, (ii) on no Default or Event of Default shall have occurred and be continuing as of the date of any such request by the Borrower for a Revolving Credit -28- 35 Commitment Increase 42 and on or the related Revolving Credit applicable Increase Date the and (iii) all conditions set forth in Section 4.03 8.3 shall have been satisfiedsatisfied as of the applicable Increase Date.

Appears in 1 contract

Samples: Credit Agreement (Technical Olympic Usa Inc)

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Increase in the Aggregate Revolving Credit Commitments. (a) The Borrower may, may at any time but in any event not more than once in any calendar year prior to the Revolving Credit Maturity Datetime, by notice to the Administrative Agent in the form attached hereto as Exhibit CAgent, request that the aggregate amount of the Revolving Credit Commitments be increased by an amount of at least Ten Million and 00/100 Dollars ($10,000,000.00) 10,000,000 or an integral a multiple of Five Million and 00/100 Dollars ($5,000,000.00) 1,000,000 in excess thereof (each a “Revolving Credit "Commitment Increase") to be effective as of a on the date that is at least ninety (90) days prior to the scheduled Revolving Credit Maturity Date then in effect (the “Revolving Credit "Increase Date") as specified in the related notice to on which the Administrative AgentAgent shall have notified the Borrower that such Commitment Increase is effective and all conditions to such Commitment Increase have been satisfied; provided, however that (i) in no event shall the aggregate amount of the Revolving Credit Commitments at exceed $350,000,000 minus the aggregate amount of any time exceed Three Hundred Million and 00/100 Dollars ($300,000,000.00) and reductions in the Revolving Credit Commitments made pursuant to Section 3.4 prior to such time, (ii) on no Default or Event of Default shall have occurred and be continuing as of the date of any such request by the Borrower for a Revolving Credit Commitment Increase 42 and on or the related Revolving Credit applicable Increase Date the and (iii) all conditions set forth in Section 4.03 8.3 shall have been satisfiedsatisfied as of the applicable Increase Date.

Appears in 1 contract

Samples: Credit Agreement (Engle Homes Inc /Fl)

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