Common use of INCREASE OF SYNDICATED LOAN COMMITMENTS Clause in Contracts

INCREASE OF SYNDICATED LOAN COMMITMENTS. (a) Borrower may, at any time by written notice to the Syndicated Lenders, request that the Syndicated Loan Commitments be increased up to an amount not to exceed $300,000,000 in the aggregate (the "Requested Commitment Amount") on a pro rata basis based on the Pro Rata Shares of the Syndicated Lenders. No Syndicated Lender (or any successor thereto) shall have any obligation to increase its Syndicated Loan Commitment or its other obligations under this Agreement and the other Credit Documents, and any decision by a Syndicated Lender to increase its Syndicated Loan Commitment shall be made in its sole discretion independently from any other Syndicated Lender or the Agents. Within fifteen (15) Business Days from each Syndicated Lender's receipt of such request from the Borrower, each Syndicated Lender shall notify the Documentation Agent in writing of whether or not it will agree to increase its Syndicated Loan Commitment and by what amount it will agree to increase its Syndicated Loan Commitment, up to its Pro Rata Share of the Requested Commitment Amount. Decisions to increase a Syndicated Loan Commitment must be affirmatively communicated in writing and shall not be presumed based upon a failure to respond to Borrower's request.

Appears in 1 contract

Samples: Revolving Credit Agreement (Choicepoint Inc)

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INCREASE OF SYNDICATED LOAN COMMITMENTS. (a) Borrower may, at any time by written notice to the Syndicated Lenders, request that the Syndicated Loan Commitments be increased up to an amount not to exceed $300,000,000 in the aggregate (the "Requested Commitment Amount") on a pro rata basis based on the Pro Rata Shares of the Syndicated Lenders. No Syndicated Lender (or any successor thereto) shall have any obligation to increase its Syndicated Loan Commitment or its other obligations under this Agreement and the other Credit Documents, and any decision by a Syndicated Lender to increase its Syndicated Loan Commitment shall be made in its sole discretion independently from any other Syndicated Lender or the Agents. Within fifteen (15) Business Days from each Syndicated Lender's receipt of such request from the Borrower, each Syndicated Lender shall notify the Documentation Agent in writing of whether or not it will agree to increase its Syndicated Loan Commitment and by what amount it will agree to increase its Syndicated Loan Commitment, up to its Pro Rata Share of the Requested Commitment Amount. Decisions to increase a Syndicated Loan Commitment must be affirmatively communicated in writing and shall not be presumed based upon a failure to respond to Borrower's request.

Appears in 1 contract

Samples: Credit Agreement (Choicepoint Inc)

INCREASE OF SYNDICATED LOAN COMMITMENTS. (a) Borrower may, at any time by written notice to the Syndicated Lenders, request that the Syndicated Loan Commitments be increased up to an amount not to exceed $300,000,000 350,000,000 in the aggregate (the "Requested Commitment Amount") on a pro rata basis based on the Pro Rata Shares of the Syndicated Lenders. No Syndicated Lender (or any successor thereto) shall have any obligation to increase its Syndicated Loan Commitment or its other obligations under this Agreement and the other Credit Documents, and any decision by a Syndicated Lender to increase its Syndicated Loan Commitment shall be made in its sole discretion independently from any other Syndicated Lender or the Agents. Within fifteen (15) Business Days from each Syndicated Lender's receipt of such request from the Borrower, each Syndicated Lender shall notify the Documentation Administrative Agent in writing of whether or not it will agree to increase its Syndicated Loan Commitment and by what amount it will agree to increase its Syndicated Loan Commitment, up to its Pro Rata Share of the Requested Commitment Amount. Decisions to increase a Syndicated Loan Commitment must be affirmatively communicated in writing and shall not be presumed based upon a failure to respond to Borrower's request.

Appears in 1 contract

Samples: Revolving Credit Agreement (Choicepoint Inc)

INCREASE OF SYNDICATED LOAN COMMITMENTS. (a) At any time within four (4) years of the Closing Date and so long as no Default or Event of Default has occurred and is continuing, the Borrower may, at any time by written notice to the Syndicated LendersLenders and in consultation with the Administrative Agent, request increases in the Syndicated Loan Commitments; provided that the aggregate amount of the Syndicated Loan Commitments be increased up to an amount not to exceed $300,000,000 in the aggregate (the "Requested Commitment Amount") on a pro rata basis based on the Pro Rata Shares of the Syndicated Lenders, as increased, shall not exceed $750,000,000 (each, a “Requested Commitment Increase”). Each Requested Commitment Increase shall be in a minimum amount of $25,000,000. No Syndicated Lender (or any successor thereto) shall have any obligation to increase its Syndicated Loan Commitment or its other obligations under this Agreement and the other Credit Documents, and any decision by a Syndicated Lender to increase its Syndicated Loan Commitment shall be made in its sole discretion independently from any other Syndicated Lender or the AgentsLender. Within fifteen (15) Business Days from each Syndicated Lender's ’s receipt of such request from the Borrower, each Syndicated Lender shall notify the Documentation Administrative Agent in writing of whether or not it will agree to increase its Syndicated Loan Commitment and by what amount it will agree to increase its Syndicated Loan Commitment, up to its Pro Rata Share of the Requested Commitment AmountIncrease. Decisions to increase a Syndicated Loan Commitment must be affirmatively communicated in writing and shall not be presumed based upon a failure to respond to Borrower's ’s request.

Appears in 1 contract

Samples: Revolving Credit Agreement (Choicepoint Inc)

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INCREASE OF SYNDICATED LOAN COMMITMENTS. (a) At any time within four (4) years of the Closing Date and so long as no Default or Event of Default has occurred and is continuing, the Borrower may, at any time by written notice to the Syndicated Lenders, request that increases in the Syndicated Loan Commitments be increased (each, a "Requested Commitment Increase") up to an amount not to exceed $300,000,000 in the aggregate (the "500,000,000. Each Requested Commitment Amount") on Increase shall be in a pro rata basis based on the Pro Rata Shares minimum amount of the Syndicated Lenders$25,000,000. No Syndicated Lender (or any successor thereto) shall have any obligation to increase its Syndicated Loan Commitment or its other obligations under this Agreement and the other Credit Documents, and any decision by a Syndicated Lender to increase its Syndicated Loan Commitment shall be made in its sole discretion independently from any other Syndicated Lender or the AgentsLender. Within fifteen (15) Business Days from each Syndicated Lender's receipt of such request from the Borrower, each Syndicated Lender shall notify the Documentation Administrative Agent in writing of whether or not it will agree to increase its Syndicated Loan Commitment and by what amount it will agree to increase its Syndicated Loan Commitment, up to its Pro Rata Share of the Requested Commitment AmountIncrease. Decisions to increase a Syndicated Loan Commitment must be affirmatively communicated in writing and shall not be presumed based upon a failure to respond to Borrower's request.

Appears in 1 contract

Samples: Choicepoint Inc

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