Common use of Increase Clause in Contracts

Increase. Provided there exists no Default and the Consolidated Leverage Ratio is less than 4.50 (measured as of the most recent date upon which a Compliance Certificate was delivered pursuant to Section 6.04(a)(v)), upon notice to the Administrative Agent, the Company may from time to time after the Closing Date, increase the Aggregate Commitments by an amount (for all such requests) not exceeding $50,000,000 such that the maximum amount of the Aggregate Commitments shall at no time exceed $250,000,000; provided that any such increase shall be in a minimum amount of $10,000,000 and in a whole multiple of $5,000,000 in excess thereof.

Appears in 4 contracts

Samples: Credit Agreement (Buckeye Technologies Inc), Credit Agreement (Buckeye Technologies Inc), Credit Agreement (Buckeye Technologies Inc)

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Increase. Provided there exists no Default and the Consolidated Leverage Ratio is less than 4.50 (measured as of the most recent date upon which a Compliance Certificate was delivered pursuant to Section 6.04(a)(v)), upon notice to the Administrative Agent, the Company may from time to time after the Closing Date, increase the Aggregate Commitments by an amount (for all such requests) not exceeding $50,000,000 100,000,000 such that the maximum amount of the Aggregate Commitments shall at no time exceed $250,000,000400,000,000; provided that any such increase shall be in a minimum amount of $10,000,000 and in a whole multiple of $5,000,000 in excess thereof.

Appears in 3 contracts

Samples: Credit Agreement (Buckeye Technologies Inc), Credit Agreement (Buckeye Technologies Inc), Credit Agreement (Buckeye Technologies Inc)

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