Common use of Incremental Credit Extensions Clause in Contracts

Incremental Credit Extensions. (a) At any time and from time to time, subject to the terms and conditions set forth herein, the Borrower may, by notice to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders), request to add one or more additional tranches of term loans (the “Incremental Term Loans”), one or more increases in any Class of Term Loans or Incremental Term Loans (the “Incremental Term Loan Increases”), one or more additional revolving credit facility tranches (the “Incremental Revolving Facilities”) or one or more increases in the Revolving Credit Commitments (the “Incremental Revolving Commitments”; together with the Incremental Term Loans, the Incremental Term Loan Increases and the Incremental Revolving Facilities, the “Incremental Facilities”); provided that at the time of each such request and upon the effectiveness of each Incremental Facility Amendment no Default or Event of Default has occurred and is continuing or shall result therefrom. Notwithstanding anything to contrary herein, the aggregate principal amount of all Incremental Facilities

Appears in 2 contracts

Samples: Credit Agreement (CEB Inc.), Credit Agreement (CEB Inc.)

AutoNDA by SimpleDocs

Incremental Credit Extensions. (a) At any time and from time to timetime after the Effective Date, subject to the terms and conditions set forth herein, the Borrower may, by notice to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders)Agent, request to add effect (1) one or more additional tranches Classes of term loans hereunder (the “Incremental Term Loans” and the Commitments with respect thereto, “Incremental Term Commitments), ) from one or more increases in any Class of Lenders and/or Additional Term Loans Lenders or Incremental Term Loans (the “Incremental Term Loan Increases”), 2) one or more additional Classes of revolving credit facility tranches loans hereunder (the “Incremental Revolving Facilities”) or one or more increases in Loans” and, the Revolving Credit Commitments (with respect thereto, the “Incremental Revolving Commitments”) or increases in the aggregate amount of the Revolving Commitments (each such increase, a “Revolving Commitment Increase”; together with the Incremental Revolving Loans (and the Incremental Revolving Commitments with respect thereto), “Incremental Revolving Facilities”; and, collectively with the Incremental Term Loans, the Incremental Term Loan Increases and the Incremental Revolving Facilities, the “Incremental Facilities”)) from Lenders and/or Additional Revolving Lenders; provided that at the time of each such request and upon the effectiveness of each Incremental Facility Amendment no Default or Event of Default has occurred and is continuing or shall result therefrom. Notwithstanding anything to contrary herein, the aggregate principal amount of all Incremental Facilitiesthat:

Appears in 1 contract

Samples: Credit Agreement (Weight Watchers International Inc)

Incremental Credit Extensions. (a) At any time and from time to time, subject to the terms and conditions set forth herein, the The Borrower may, by notice at any time, on one or more occasions deliver a written request to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy of such request to each of the Lenders), request ) to (i) add one or more additional tranches new Classes of Term Facilities (including on a delayed draw basis) and/or increase the principal amount of the Term Loans under any Term Facility by requesting new term loan commitments to be added to such Term Loans (any such new Class or increase, an “Incremental Term Facility” and any loans (the made pursuant to an Incremental Term Facility, “Incremental Term Loans”), ) and/or (ii) add one or more increases in new Classes of incremental revolving “cash-flow” facilities and/or increase the aggregate amount of Commitments of any existing Class of Term Loans Incremental Revolving Commitments (any such new Class or Incremental Term Loans (the “Incremental Term Loan Increases”)increase, one or more additional revolving credit facility tranches (the an “Incremental Revolving Facility” and, together with any Incremental Term Facility, “Incremental Facilities”) or one or more increases in ; and the Revolving Credit Commitments (the loans thereunder, “Incremental Revolving Commitments”; Loans” and, together with the any Incremental Term Loans, the Incremental Term Loan Increases and the Incremental Revolving Facilities, the “Incremental FacilitiesLoans); provided that at the time of each such request and upon the effectiveness of each Incremental Facility Amendment no Default or Event of Default has occurred and is continuing or shall result therefrom. Notwithstanding anything to contrary herein, the ) in an aggregate principal amount of all not to exceed the Incremental FacilitiesCap; provided that:

Appears in 1 contract

Samples: First Lien Credit Agreement (Hayward Holdings, Inc.)

AutoNDA by SimpleDocs

Incremental Credit Extensions. (a) At any time and from time to timetime after the Effective Date, subject to the terms and conditions set forth herein, the Borrower may, by notice to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy make such notice available to each of the Lenders), request to add (i) one or more additional tranches of term loans and/or increase the principal amount of the Term Loans by requesting new term loan commitments to be added to any existing Term Facility (any such additional tranche or increase, an “Incremental Term Facility”, and the term loans made thereunder, the “Incremental Term Loans”), one or more increases in any Class of Term Loans or Incremental Term Loans (the “Incremental Term Loan Increases”), one or more additional revolving credit facility tranches (the “Incremental Revolving Facilities”) or (ii) one or more increases in the amount of the Revolving Commitments of any existing Revolving Credit Commitments Facility (the each such increase, an “Incremental Revolving CommitmentsCommitment Increase” and, the revolving loans made thereunder, “Incremental Revolving Loans”; together with the Incremental Term Loans, the Incremental Term Loan Revolving Commitment Increases and the Incremental Revolving Term Facilities, collectively, the “Incremental Facilities”); provided that that, (A) immediately after giving effect to the effectiveness of any Incremental Facility Amendment referred to below and (B) at the time of each that any such request and upon the effectiveness of each Incremental Facility Amendment no Default or Event of Default has occurred and is continuing or shall result therefrom. Notwithstanding anything to contrary herein, the aggregate principal amount of all Incremental Facilitiesestablished:

Appears in 1 contract

Samples: Credit Agreement (Zix Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!