Common use of Lender Elections to Increase Clause in Contracts

Lender Elections to Increase. Each Revolving Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.

Appears in 5 contracts

Samples: Credit and Guaranty Agreement (Ventas Inc), Credit Agreement (Hcp, Inc.), Credit Agreement (Hcp, Inc.)

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Lender Elections to Increase. Each Revolving Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.

Appears in 3 contracts

Samples: Credit and Security Agreement (Ameresco, Inc.), Credit and Security Agreement (Ameresco, Inc.), Credit Agreement (Oshkosh Corp)

Lender Elections to Increase. Each Revolving Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Revolving Percentage of such requested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.

Appears in 3 contracts

Samples: Credit Agreement (Chase Corp), Credit Agreement (Chase Corp), Credit Agreement (Solarcity Corp)

Lender Elections to Increase. Each Revolving Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.

Appears in 3 contracts

Samples: Credit Agreement (Floor & Decor Holdings, Inc.), Credit Agreement (FDO Holdings, Inc.), Credit Agreement (FDO Holdings, Inc.)

Lender Elections to Increase. Each Revolving Lender shall notify the Joint Administrative Agent within such time period whether or not in its sole discretion it agrees to increase its Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Revolving Percentage of such requested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.

Appears in 2 contracts

Samples: Credit Agreement (Green Plains Inc.), Credit Agreement (Green Plains Inc.)

Lender Elections to Increase. Each Revolving Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Revolving Percentage of such requested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.4888-1961-8421 v.3

Appears in 1 contract

Samples: Credit Agreement (Powell Industries Inc)

Lender Elections to Increase. Each applicable Revolving Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment and, if so, whether the amount by an amount equal to, greater than, or less than which it agrees to increase its Applicable Percentage of such requested increaseRevolving Commitment. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.

Appears in 1 contract

Samples: Credit Agreement (Coinstar Inc)

Lender Elections to Increase. Each Revolving Lender shall notify the Joint Administrative Agent within such time period whether or not in its sole discretion it agrees to increase its Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Revolving Percentage of such requested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.

Appears in 1 contract

Samples: Credit Agreement (Green Plains Inc.)

Lender Elections to Increase. Each Revolving Lender shall notify the Joint Administrative Agent within such time period whether or not in its sole discretion it agrees to increase its Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Revolving Percentage of such requested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.62 

Appears in 1 contract

Samples: Credit Agreement (Green Plains Inc.)

Lender Elections to Increase. Each applicable Revolving Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its applicable Revolving Commitment and, if so, whether the amount by an amount equal to, greater than, or less than which it agrees to increase its Applicable Percentage of such requested increaseapplicable Revolving Commitment. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its applicable Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.

Appears in 1 contract

Samples: Credit Agreement (Outerwall Inc)

Lender Elections to Increase. Each Revolving Lender and New Revolving Lender invited shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Revolving Percentage of such requested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.

Appears in 1 contract

Samples: Credit Agreement (Paycom Software, Inc.)

Lender Elections to Increase. Each Revolving Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Revolving Commitment Percentage of such requested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.

Appears in 1 contract

Samples: Credit Agreement (Dollar Tree Stores Inc)

Lender Elections to Increase. Each Revolving Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.

Appears in 1 contract

Samples: Credit Agreement (Nathans Famous, Inc.)

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Lender Elections to Increase. Each Revolving Lender shall notify the Joint Administrative Agent within such time period whether or not in its sole discretion it agrees to increase its Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Revolving Percentage of such requested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.within

Appears in 1 contract

Samples: Credit Agreement (Green Plains Inc.)

Lender Elections to Increase. Each Revolving Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage Revolving Pro Rata Share of such requested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.

Appears in 1 contract

Samples: Credit Agreement (Powersecure International, Inc.)

Lender Elections to Increase. Each Revolving Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage (in respect of the Revolving Credit Facility) of such requested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.

Appears in 1 contract

Samples: Credit Agreement (Colfax CORP)

Lender Elections to Increase. Each Revolving Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment (each Lender that agrees to such increase, an “Increasing Revolving Lender”) and, if so, whether by an amount equal to, greater than, or less than its Applicable Revolving Percentage of such requested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.

Appears in 1 contract

Samples: Credit Agreement (RigNet, Inc.)

Lender Elections to Increase. Each Revolving Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment (each Lender that agrees to such increase, an “Increasing Revolving Lender”) and, if so, whether by an amount equal to, greater than, or less than its Applicable Revolving Percentage of such requested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.66 4824-8983-8000 v.10

Appears in 1 contract

Samples: Credit Agreement (RigNet, Inc.)

Lender Elections to Increase. Each Revolving applicable Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase increase, or provide, as applicable, its Revolving Commitment and, if soapplicable, whether by an amount equal to, greater than, or less than its Applicable Revolving Percentage of such requested increase. Any Revolving Lender may elect or decline, in its sole discretion, to increase its Revolving Commitment. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.

Appears in 1 contract

Samples: Credit Agreement (Ligand Pharmaceuticals Inc)

Lender Elections to Increase. Each Revolving Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its Revolving Commitment to facilitate such increase.

Appears in 1 contract

Samples: Credit Agreement (Celanese Corp)

Lender Elections to Increase. Each Revolving Lender shall notify the Administrative Agent in writing within such time period whether or not it agrees to increase its Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Revolving Commitment Percentage of such requested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment. Any Neither the Administrative Agent nor any Lender shall have any obligation or other commitment to participate in any such increase shall be syndicated on a best efforts basis and no Lender shall be required to increase its in the Revolving Commitment to facilitate such increaseCommitments.

Appears in 1 contract

Samples: Credit Agreement (Lionbridge Technologies Inc /De/)

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