Common use of Incremental Commitments Clause in Contracts

Incremental Commitments. (a) The Company may on one or more occasions, by written notice to the Administrative Agent, request the establishment, during the Availability Period, of Incremental Commitments, provided that the aggregate amount of all the Incremental Commitments established hereunder shall not exceed $250,000,000 during the term of this Agreement. Each such notice shall specify (A) the date on which the Company proposes that the Incremental Commitments shall be effective, which shall be a date not less than 10 Business Days (or such shorter period as may be agreed to by the Administrative Agent and each Lender participating in the requested increase) after the date on which such notice is delivered to the Administrative Agent, and (B) the amount of the Incremental Commitments being requested (it being agreed that (x) any Lender approached to provide any Incremental Commitment may elect or decline, in its sole discretion, to provide such Incremental Commitment and (y) any Person that the Company proposes to become an Incremental Lender, if such Person is not then a Lender, must be approved by the Administrative Agent, each Issuing Lender and the Swingline Lender (such approval not to be unreasonably withheld)).

Appears in 2 contracts

Samples: Credit Agreement (Tyson Foods Inc), Credit Agreement (Tyson Foods Inc)

AutoNDA by SimpleDocs

Incremental Commitments. (a) The Company Borrower may on one or more occasions, by written notice to the Administrative Agent, request prior to the establishmentMaturity Date, during the Availability Period, establishment of Incremental Commitments, ; provided that the aggregate aggregate, cumulative amount of all the Incremental Commitments established hereunder pursuant to this Section 2.19 after the Closing Date shall not exceed $250,000,000 during the term of this Agreement150,000,000. Each such notice shall specify (Ai) the date on which the Company Borrower proposes that the Incremental Commitments shall be effective, which shall be a date not less than 10 Business Days (or such shorter period as may be agreed to by the Administrative Agent and each Lender participating in the requested increaseAgent) after the date on which such notice is delivered to the Administrative Agent, and (Bii) the amount of the Incremental Commitments being requested and (iii) the identity of each Lender or other Person that the Borrower proposes become an Incremental Lender with respect thereto, together with the proposed aggregate amount of the Incremental Commitment for each such Lender or other Person (it being agreed that (x) any Lender approached to provide any Incremental Commitment may elect or decline, in its sole discretion, to provide such Incremental Commitment and (y) any such Person that the Company proposes to become an Incremental Lender, if such Person is not then a Lender, Lender must be approved by an Eligible Assignee that is reasonably acceptable to the Administrative AgentAgent and, to the extent applicable, each Issuing Lender and the Swingline Lender (such approval not to be unreasonably withheld)Bank).

Appears in 2 contracts

Samples: Revolving Credit Agreement (BrightSphere Investment Group Inc.), Revolving Credit Agreement (BrightSphere Investment Group Inc.)

Incremental Commitments. (a) The Company Borrower may on one or more occasions, by written notice to the Administrative Agent, request prior to the establishmentMaturity Date, during the Availability Period, establishment of Incremental Commitments, ; provided that the aggregate aggregate, cumulative amount of all the Incremental Commitments established hereunder pursuant to this Section 2.19 after the Closing Date shall not exceed $250,000,000 during the term of this Agreement150,000,000. Each such notice shall specify (Ai) the date on which the Company Borrower proposes that the Incremental Commitments shall be effective, which shall be a date not less than 10 Business Days (or such shorter period as may be agreed to by the Administrative Agent and each Lender participating in the requested increaseAgent) after the date on which such notice is delivered to the Administrative Agent, and (Bii) the amount of the Incremental Commitments being requested and (iii) the identity of each Lender or other Person that the Borrower proposes become an Incremental Lender with respect thereto, together with the proposed aggregate amount of the Incremental Commitment for each such Lender or other Person (it being agreed that (x) any Lender approached to provide any Incremental Commitment may elect or decline, in its sole discretion, to provide such Incremental Commitment and (y) any such Person that the Company proposes to become an Incremental Lender, if such Person is not then a Lender, Lender must be approved by an Eligible Assignee that is reasonably acceptable to the Administrative Agent, Agent and each Issuing Lender and the Swingline Lender (such approval not to be unreasonably withheld)Bank).

Appears in 2 contracts

Samples: Revolving Credit Agreement (OM Asset Management PLC), Revolving Credit Agreement (OM Asset Management PLC)

Incremental Commitments. (a) The Company may on one or more occasionsoccasions after the Second Restatement Effective Date, by written notice to the Administrative Agent, request prior to the establishmentMaturity Date, during the Availability Period, establishment of Incremental Commitments, ; provided that the aggregate aggregate, cumulative amount of all the Incremental Commitments established hereunder pursuant to this Section 2.21 after the Second Restatement Effective Date shall not exceed $250,000,000 during the term of this Agreement50,000,000. Each such notice shall specify (Ai) the date on which the Company proposes that the Incremental Commitments shall be effective, which shall be a date not less than 10 Business Days (or such shorter period as may be agreed to by the Administrative Agent and each Lender participating in the requested increaseAgent) after the date on which such notice is delivered to the Administrative Agent, and (B) the amount of the Incremental Commitments being requested requested, (C) the identity of each Lender or other Person that the Company proposes become an Incremental Revolving Lender with respect thereto, together with the proposed aggregate amount of the Incremental Commitment for each such Lender or other Person (it being agreed that (x) any Lender approached to provide any Incremental Commitment may elect or decline, in its sole discretion, to provide such Incremental Commitment and (y) any such Person that the Company proposes to become an Incremental Lender, if such Person is not then a Lender, Lender must be approved by an Eligible Assignee that is reasonably acceptable to the Administrative Agent, Agent and each Issuing Lender and the Swingline Lender (such approval not to be unreasonably withheld)Bank).

Appears in 1 contract

Samples: Credit Agreement (Vishay Intertechnology Inc)

Incremental Commitments. (a) The Company may on one or more occasions, by written notice to the Administrative Agent, request prior to the establishmentMaturity Date, during the Availability Period, establishment of Incremental Commitments, ; provided that the aggregate aggregate, cumulative amount of all the Incremental Commitments established hereunder pursuant to this Section 2.21 after the Effective Date shall not exceed $250,000,000 during the term of this Agreement50,000,000. Each such notice shall specify (Ai) the date on which the Company proposes that the Incremental Commitments shall be effective, which shall be a date not less than 10 Business Days (or such shorter period as may be agreed to by the Administrative Agent and each Lender participating in the requested increaseAgent) after the date on which such notice is delivered to the Administrative Agent, and (B) the amount of the Incremental Commitments being requested requested, (C) the identity of each Lender or other Person that the Company proposes become an Incremental Revolving Lender with respect thereto, together with the proposed aggregate amount of the Incremental Commitment for each such Lender or other Person (it being agreed that (x) any Lender approached to provide any Incremental Commitment may elect or decline, in its sole discretion, to provide such Incremental Commitment and (y) any such Person that the Company proposes to become an Incremental Lender, if such Person is not then a Lender, Lender must be approved by an Eligible Assignee that is reasonably acceptable to the Administrative Agent, Agent and each Issuing Lender and the Swingline Lender (such approval not to be unreasonably withheld)Bank).

Appears in 1 contract

Samples: Credit Agreement (Vishay Intertechnology Inc)

Incremental Commitments. (a) The Company may on one or more occasions, by written notice to the Administrative Agent, request prior to the establishmentMaturity Date, during the Availability Period, establishment of Incremental Commitments, ; provided that the aggregate aggregate, cumulative amount of all the Incremental Commitments established hereunder pursuant to this Section 2.21 shall not exceed $250,000,000 during the term of this Agreement100,000,000. Each such notice shall specify (Ai) the date on which the Company proposes that the Incremental Commitments shall be effective, which shall be a date not less than 10 Business Days (or such shorter period as may be agreed to by the Administrative Agent and each Lender participating in the requested increaseAgent) after the date on which such notice is delivered to the Administrative Agent, and (B) the amount of the Incremental Commitments being requested requested, (C) the identity of each Lender or other Person that the Company proposes become an Incremental Revolving Lender with respect thereto, together with the proposed aggregate amount of the Incremental Commitment for each such Lender or other Person (it being agreed that (x) any Lender approached to provide any Incremental Commitment may elect or decline, in its sole discretion, to provide such Incremental Commitment and (y) any such Person that the Company proposes to become an Incremental Lender, if such Person is not then a Lender, Lender must be approved by an Eligible Assignee that is reasonably acceptable to the Administrative Agent, Agent and each Issuing Lender and the Swingline Lender (such approval not to be unreasonably withheld)Bank).

Appears in 1 contract

Samples: Credit Agreement (Vishay Intertechnology Inc)

Incremental Commitments. (a) The Company may on one or more occasions, by written notice to the Administrative Agent, request the establishment, during the Availability Period, of Incremental Commitments; provided, provided that the aggregate amount of all the Incremental Commitments established hereunder shall not exceed $250,000,000 500,000,000 during the term of this Agreement. Each such notice shall specify (A) the date on which the Company proposes that the Incremental Commitments shall be effective, which shall be a date not less than 10 Business Days (or such shorter period as may be agreed to by the Administrative Agent and each Lender participating in the requested increase) after the date on which such notice is delivered to the Administrative Agent, and (B) the amount of the Incremental Commitments being requested (it being agreed that (x) any Lender approached to provide any Incremental Commitment may elect or decline, in its sole discretion, to provide such Incremental Commitment and (y) any Person that the Company proposes to become an Incremental Lender, if such Person is not then a Lender, must be approved by the Administrative Agent, each Issuing Lender and the each Swingline Lender (such approval not to be unreasonably withheld)).

Appears in 1 contract

Samples: Credit Agreement (Tyson Foods Inc)

AutoNDA by SimpleDocs

Incremental Commitments. (a) The Company may on one or more occasions, by written notice to the Administrative Agent, request the establishment, during the Availability Period, of Incremental Commitments, provided that the aggregate amount of all the Incremental Commitments established hereunder shall not exceed $250,000,000 500,000,000 during the term of this Agreement. Each such notice shall specify (A) the date on which the Company proposes that the Incremental Commitments shall be effective, which shall be a date not less than 10 Business Days (or such shorter period as may be agreed to by the Administrative Agent and each Lender participating in the requested increase) after the date on which such notice is delivered to the Administrative Agent, and (B) the amount of the Incremental Commitments being requested (it being agreed that (x) any Lender approached to provide any Incremental Commitment may elect or decline, in its sole discretion, to provide such Incremental Commitment and (y) any Person that the Company proposes to become an Incremental Lender, if such Person is not then a Lender, must be approved by the Administrative Agent, each Issuing Lender and the Swingline Lender (such approval not to be unreasonably withheld)).

Appears in 1 contract

Samples: Credit Agreement (Tyson Foods Inc)

Incremental Commitments. (a) The Company may on one or more occasions, by written notice to the Administrative Agent, request the establishment, during the Availability Period, of Incremental Commitments; provided, provided that the aggregate amount of all the Incremental Commitments established hereunder shall not exceed $250,000,000 500,000,000 during the term of this Agreement. Each such notice shall specify (Ai) the date on which the Company proposes that the Incremental Commitments shall be effective, which shall be a date not less than 10 Business Days (or such shorter period as may be agreed to by the Administrative Agent and each Lender participating in the requested increaseAgent) after the date on which such notice is delivered to the Administrative Agent, and (Bii) the amount of the Incremental Commitments being requested (it being agreed that (x) any Lender approached to provide any Incremental Commitment may elect or decline, in its sole discretion, to provide such Incremental Commitment and (y) any Person that the Company proposes to become an Incremental Lender, if such Person is not then a Lender, must be approved by the Administrative Agent, each Issuing Lender and the each Swingline Lender (such approval not to be unreasonably withheldwithheld or delayed)).

Appears in 1 contract

Samples: Credit Agreement (Tyson Foods Inc)

Incremental Commitments. (a) The Company may on one or more occasions, by written notice to the Administrative Agent, request the establishment, during the Availability Period, establishment of Incremental Commitments, provided that the aggregate amount of all the Incremental Commitments established hereunder shall not exceed $250,000,000 US$50,000,000 during the term of this Agreement. Each such notice shall specify (Ai) the date on which the Company proposes that the Incremental Commitments shall be effective, which shall be a date not less than 10 Business Days (or such shorter period as may be agreed acceptable to by the Administrative Agent and each Lender participating in the requested increaseAgent) after the date on which such notice is delivered to the Administrative Agent, and (Bii) the amount of the Incremental Commitments being requested (it being agreed that (x) any Lender approached to provide any Incremental Commitment may elect or decline, in its sole discretion, to provide such Incremental Commitment and (y) any Person that the Company proposes to become an Incremental Lender, if such Person is not then a Lender, must be an Eligible Assignee and must be approved by the Administrative Agent, Agent and each Issuing Lender and the Swingline Lender Bank (such approval not to be unreasonably withheldwithheld or delayed)).

Appears in 1 contract

Samples: Global Intercompany Consent Agreement (GoPro, Inc.)

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