Common use of Incremental Borrowings Clause in Contracts

Incremental Borrowings. (a) At any time after the Second Amendment Effective Date, so long as no Default or Event of Default has occurred and is continuing, the Borrower may either (i) by delivery of notice to the Administrative Agent, request the establishment of one or more new term loan commitments which may be in the form of a new series of Incremental Loans or an increase in the amount of the Initial Term Loans or any then outstanding Series of Incremental Loans (such new term loan commitments or increase, the “Incremental Loan Commitments”) or (ii) by delivery of a Revolving Commitment Increase Notice to the Administrative Agent, which notice shall promptly be copied by the Administrative Agent to each Lender, request an increase in the Total Revolving Credit Commitments pursuant to a Revolving Commitment Increase Notice. The Borrower may request any such increases in an aggregate amount, together with the aggregate amount of the Revolving Offered Increase Amounts or any Incremental Loans made since the Second Amendment Effective Date, not exceeding $600,000,000, provided that, any such Revolving Offered Increase Amounts or any Incremental Loans shall be in a minimum amount of not less than $10,000,000.

Appears in 1 contract

Samples: Credit Agreement (Essential Properties Realty Trust, Inc.)

AutoNDA by SimpleDocs

Incremental Borrowings. (a) At any time after the Second Fifth Amendment Effective Date, so long as no Default or Event of Default has occurred and is continuing, the Borrower may either (i) by delivery of notice to the Administrative Agent, request the establishment of one or more new term loan commitments which may be in the form of a new series of Incremental Loans or an increase in the amount of the Initial Term Loans or any then 77 outstanding Series of Incremental Loans (such new term loan commitments or increase, the “Incremental Loan Commitments”) ), or (ii) by delivery of a Revolving Commitment Increase Notice to the Administrative Agent, which notice shall promptly be copied by the Administrative Agent to each Lender, request an increase in the Total Revolving Credit Commitments pursuant to a Revolving Commitment Increase Notice. The Borrower may request any such increases in an aggregate amount, together with provided that the aggregate amount of such Incremental Loan Commitments and such increase in the Total Revolving Offered Increase Amounts or any Incremental Loans made since the Second Amendment Effective Date, Credit Commitments shall not exceeding exceed $600,000,000, provided that, any 500,000,000. Any such Revolving Offered Increase Amounts or any Incremental Loans shall be in a minimum amount of not less than $10,000,000.

Appears in 1 contract

Samples: Credit Agreement (Essential Properties Realty Trust, Inc.)

Incremental Borrowings. (a) At any time after the Second Third Amendment Effective Date, so long as no Default or Event of Default has occurred and is continuing, the Borrower may either (i) by delivery of notice to the Administrative Agent, request the establishment of one or more new term loan commitments which may be in the form of a new series of Incremental Loans or an increase in the 77 amount of the Initial Term Loans or any then outstanding Series of Incremental Loans (such new term loan commitments or increase, the “Incremental Loan Commitments”) or (ii) by delivery of a Revolving Commitment Increase Notice to the Administrative Agent, which notice shall promptly be copied by the Administrative Agent to each Lender, request an increase in the Total Revolving Credit Commitments pursuant to a Revolving Commitment Increase Notice. The Borrower may request any such increases in an aggregate amount, together with the aggregate amount of the Revolving Offered Increase Amounts or any Incremental Loans made since the Second Third Amendment Effective Date, not exceeding $600,000,000, provided that, any such Revolving Offered Increase Amounts or any Incremental Loans shall be in a minimum amount of not less than $10,000,000.

Appears in 1 contract

Samples: Credit Agreement (Essential Properties Realty Trust, Inc.)

AutoNDA by SimpleDocs

Incremental Borrowings. (a) At any time after the Second Fourth Amendment Effective Date, so long as no Default or Event of Default has occurred and is continuing, the Borrower may either (i) by delivery of notice to the Administrative Agent, request the establishment of one or more new term loan commitments which may be in the form of a new series of Incremental Loans or an increase in the amount of the Initial Term Loans or any then outstanding Series of Incremental Loans (such new term loan commitments or increase, the “Incremental Loan Commitments”) ), or (ii) by delivery of a Revolving Commitment Increase Notice to the Administrative Agent, which notice shall promptly be copied by the Administrative Agent to each Lender, request an increase in the Total Revolving Credit Commitments pursuant to a Revolving Commitment Increase Notice. The Borrower may request any such increases in an aggregate amount, together with provided that the aggregate amount of such Incremental Loan Commitments and such increase in the Total Revolving Offered Increase Amounts or any Incremental Loans made since the Second Amendment Effective Date, Credit Commitments shall not exceeding exceed $600,000,000, provided that, any . Any such Revolving Offered Increase Amounts or any Incremental Loans shall be in a minimum amount of not less than $10,000,000.

Appears in 1 contract

Samples: Credit Agreement (Essential Properties Realty Trust, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.