Common use of Invitation to Participating Lenders if shortfall Clause in Contracts

Invitation to Participating Lenders if shortfall. If there is an Incremental Facility Shortfall relating to a Proposed Facility Size set out in an Incremental Facility Proposal, the Borrower shall invite each Participating Lender under that Incremental Facility Proposal to increase the proposed Incremental Facility Commitment offered by it in respect of the Incremental Facility proposed in that Incremental Facility Proposal by an amount no greater than its Incremental Facility Proportion of that Incremental Facility Shortfall.

Appears in 2 contracts

Samples: Senior Term Facilities Agreement (CorpAcq Group PLC), Senior Term Facilities Agreement (CorpAcq Group PLC)

AutoNDA by SimpleDocs

Invitation to Participating Lenders if shortfall. If there is an Incremental Facility Shortfall relating to a Proposed Facility Size set out in an Incremental Facility ProposalProposal (whether resulting from the operation of paragraph (e) above or otherwise), the Borrower Company shall invite each Participating Lender under that Incremental Facility Proposal to increase the proposed Incremental Facility Commitment offered by it in respect of the Incremental Facility proposed in that Incremental Facility Proposal by an amount no greater than its Incremental Facility Proportion of that Incremental Facility Shortfall.

Appears in 2 contracts

Samples: Senior Facilities Agreement (OpSec Holdings), Senior Facilities Agreement

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