Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase Term Loan A-1 or agrees to participate in an Incremental Term Loan and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term Loan.
Appears in 10 contracts
Samples: Credit Agreement (Phillips Edison & Company, Inc.), Credit Agreement (Phillips Edison & Company, Inc.), Credit Agreement (Phillips Edison & Company, Inc.)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its Revolving Commitment or any Term Loan A-1 or agrees to participate in an Incremental Term Loan and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment or any Term Loan A-1 or participate in an Incremental Term Loan.
Appears in 8 contracts
Samples: Credit Agreement (Phillips Edison & Company, Inc.), Credit Agreement (Phillips Edison & Company, Inc.), Credit Agreement (Phillips Edison & Company, Inc.)
Lender Elections to Increase. Each Term Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its Term Loan A-1 Loans or agrees to participate in an the Incremental Term Loan Tranche and, if so, whether by an amount equal to, greater than, or less than its ratable portion (based on such Term Lender’s Applicable Percentage in respect of the Term Facility) of such requested increase. Any Term Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term LoanLoans.
Appears in 7 contracts
Samples: Credit Agreement (Novanta Inc), Credit Agreement (Novanta Inc), Credit Agreement (Novanta Inc)
Lender Elections to Increase. Each Term Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its Term Loan A-1 or agrees to participate in an Incremental Term Loan Loans and, if so, whether by an amount equal to, greater than, or less than its ratable portion (based on such Term Lender’s Applicable Percentage in respect of the Term Facility) of such requested increase. Any Term Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term LoanLoans.
Appears in 6 contracts
Samples: Credit Agreement (Greif Inc), Credit Agreement (Greif Inc), Credit Agreement (Greif Inc)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the time period specified by in the Borrower pursuant to Borrower’s notice as provided in Section 2.16(a2.14(a) whether or not it agrees to increase Term Loan A-1 or agrees to participate in an Incremental Term Loan its outstanding portion of the Loans, as applicable, and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term Loanoutstanding portion of the Loans.
Appears in 5 contracts
Samples: Credit Agreement (Sequential Brands Group, Inc.), Credit Agreement (Sequential Brands Group, Inc.), Credit Agreement (Singer Madeline Holdings, Inc.)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase Term Loan A-1 or agrees to participate in an Incremental its portion of the Term Loan and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental portion of the Term Loan.
Appears in 4 contracts
Samples: Credit Agreement (Greenbrier Companies Inc), Credit Agreement (Greenbrier Companies Inc), Credit Agreement (Greenbrier Companies Inc)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its Revolving Credit Commitment or make such Term Loan A-1 or agrees to participate in an Incremental Term Loan Loans and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increaseincrease or new Term Loans, respectively. Any Lender not responding within such time period shall be deemed to have declined to increase its Revolving Credit Commitment or to make Term Loan A-1 or participate in an Incremental Term LoanLoans, respectively.
Appears in 3 contracts
Samples: Third Amendment and Restatement Agreement (Targa Resources Partners LP), Second Amendment and Restatement Agreement (Targa Resources Partners LP), Credit Agreement (Targa Resources Partners LP)
Lender Elections to Increase. Each Term Loan Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its Term Loan A-1 or agrees to participate in an Incremental Term Loan Loans and, if so, whether by an amount equal to, greater than, or less than its ratable portion (based on such Term Loan Lender’s Applicable Percentage in respect of the Term Loan Facility) of such requested increase. Any Term Loan Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term LoanLoans.
Appears in 3 contracts
Samples: Credit Agreement (Diamond Foods Inc), Credit Agreement (Diamond Foods Inc), Credit Agreement (Diamond Foods Inc)
Lender Elections to Increase. Each Term A Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its Term Loan A-1 or agrees to participate in an Incremental Term Loan A Loans and, if so, whether by an amount equal to, greater than, or less than its ratable portion (based on such Term A Lender’s Applicable Percentage in respect of the Term A Facility) of such requested increase. Any Term A Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term LoanA Loans.
Appears in 2 contracts
Samples: Credit Agreement (Flextronics International Ltd.), Credit Agreement (On Assignment Inc)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its Term Loan A-1 or agrees to participate in an Incremental Term Loan Loans and, if so, whether by an amount equal to, greater than, or less than its ratable portion (based on such Lender’s Applicable Percentage Percentage) of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term LoanLoans.
Appears in 2 contracts
Samples: Credit Agreement (Starwood Property Trust, Inc.), Credit Agreement (Starwood Property Trust, Inc.)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase Term Loan A-1 or agrees to participate in an provide any Incremental Term Loan Loans and, if so, whether by an amount equal to, greater than, than or less than its ratable portion (based on such Lender’s Applicable Percentage in respect of the Term B Facility) of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an provide any Incremental Term LoanLoans.
Appears in 2 contracts
Samples: Credit Agreement (Health Management Associates Inc), Credit Agreement (Health Management Associates Inc)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its principal amount of the applicable Term Loan A-1 Loans or agrees to participate in an Incremental Term Loan its Revolving Credit Commitment, as applicable, and, if so, whether by an the amount equal to, greater than, or less than its Applicable Percentage of such requested increaseincrease it is willing to provide. Any Lender not responding within such time period shall be deemed to have declined to increase its principal amount of the applicable Term Loan A-1 Loans or participate in an Incremental Term Loanits Revolving Credit Commitment, as applicable.
Appears in 2 contracts
Samples: Credit Agreement (Western Digital Corp), Credit Agreement (Western Digital Corp)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase Term Loan A-1 its Commitment or agrees to participate in an Incremental a Term Loan and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increasein what amount. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 Commitment or participate in an Incremental the Term Loan.
Appears in 2 contracts
Samples: Credit Agreement (Phillips Edison Grocery Center REIT III, Inc.), Credit Agreement (Phillips Edison - ARC Grocery Center REIT II, Inc.)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase Term Loan A-1 its Revolving Credit Commitment or agrees to participate in an make term loans under the Incremental Term Loan Facility, as applicable, and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increaseincrease or requested Incremental Facility. Any Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment or make term loans under the Incremental Term Loan A-1 or participate in an Incremental Term LoanFacility, as applicable.
Appears in 2 contracts
Samples: Credit Agreement (Kennedy-Wilson Holdings, Inc.), Credit Agreement (Kennedy-Wilson Holdings, Inc.)
Lender Elections to Increase. Each Term Loan Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its Term Loan A-1 or agrees to participate in an Incremental Term Loan Loans and, if so, whether by an amount equal to, greater than, or less than its ratable portion (base on such Term Loan Lender’s Applicable Percentage in respect of the Term Loan Facility) of such requested increase. Any Term Loan Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term LoanLoans.
Appears in 2 contracts
Samples: Credit Agreement (Parker Drilling Co /De/), Credit Agreement (Parker Drilling Co /De/)
Lender Elections to Increase. Each such Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its Term Loan A-1 or agrees to participate in an Incremental Term Loan Loans and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage ratable portion (based on such Lender’s Term Loan Percentage) of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term LoanLoans.
Appears in 1 contract
Samples: Credit Agreement (Medcath Corp)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its portion of the Term Loan A-1 or agrees to participate in an under the proposed Incremental Term Loan and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its portion of the Term Loan A-1 or participate in an under the proposed Incremental Term Loan.
Appears in 1 contract
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase Term Loan A-1 or agrees to participate in make an Incremental Term Loan and, if so, whether by an the amount equal to, greater than, or less than of its Applicable Percentage commitment of such requested increaseIncremental Term Loan. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term make such Loan.
Appears in 1 contract
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase Term Loan A-1 or agrees to participate in an Incremental Term Loan its Loans and, if so, whether by an amount equal to, greater than, or less than its ratable portion (based on such Lender’s Applicable Percentage in respect of the Loans) of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term LoanLoans.
Appears in 1 contract
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the time period specified by the Borrower pursuant to Section 2.16(a2.16
(a) whether or not it agrees to increase its Revolving Commitment or any Term Loan A-1 or agrees to participate in an Incremental Term Loan and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment or any Term Loan A-1 or participate in an Incremental Term Loan.
Appears in 1 contract
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its portion of the Term Loan A-1 or agrees to participate in an Incremental Delayed Draw Term Loan Loan, as applicable, and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its portion of the Term Loan A-1 or participate in an Incremental Delayed Draw Term Loan, as applicable.
Appears in 1 contract
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its respective Term Loan A-1 or agrees to participate in an Incremental Term Loan Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage Pro Rata Share of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term LoanCommitment.
Appears in 1 contract
Samples: Loan and Security Agreement (ExamWorks Group, Inc.)