Lender Elections to Increase. If Borrower so requests, each Lender may notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment (which agreement may be given or withheld at such Lender’s sole and absolute discretion) and, if so, whether by an amount equal to, greater than, or less than its Revolving Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment.
Appears in 6 contracts
Samples: Credit Agreement, Credit Agreement (Access Midstream Partners Lp), Credit Agreement (Chesapeake Midstream Partners Lp)
Lender Elections to Increase. If Borrower so requests, each Each Lender may shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Loan Commitment (which agreement may be given or withheld at such Lender’s sole and absolute discretion) and, if so, whether by an amount equal to, greater than, or less than its Revolving 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 Revolving Loan Commitment.
Appears in 4 contracts
Samples: Credit Agreement (Ameriprise Financial Inc), Credit Agreement (Ameriprise Financial Inc), Credit Agreement (Ameriprise Financial Inc)
Lender Elections to Increase. If Any Lender which the Borrower so requests, each Lender may requests to provide such increase shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment (which agreement may be given or withheld at such Lender’s sole and absolute discretion) and, if so, whether the amount by an amount equal to, greater than, or less than which such Lender is willing to increase its Revolving Percentage of such requested increaseCommitment. Any relevant Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment.
Appears in 3 contracts
Samples: Revolving Credit Agreement (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.)
Lender Elections to Increase. If Borrower Co-Borrowers so requestsrequest, each Lender may notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment (which agreement may be given or withheld at such Lender’s sole and absolute discretion) and, if so, whether by an amount equal to, greater than, or less than its Revolving Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment.
Appears in 2 contracts
Samples: Credit Agreement (Chesapeake Energy Corp), Credit Agreement (Chesapeake Energy Corp)
Lender Elections to Increase. If In the event that the Borrower so requestselects to request increases in the commitments of each of the existing Lenders, each Lender may shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment (which agreement may be given or withheld at such Lender’s sole and absolute discretion) and, if so, whether by an amount equal to, greater than, or less than its Revolving 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.
Appears in 2 contracts
Samples: Credit Agreement (Pioneer Southwest Energy Partners L.P.), Credit Agreement (Pioneer Southwest Energy Partners L.P.)
Lender Elections to Increase. If Each Lender shall notify the Borrower so requests, each Lender may notify and the Administrative Agent within such requested time period whether or not it agrees to increase its Revolving Commitment (which agreement may be given or withheld at such Lender’s sole and absolute discretion) and, if so, whether by an amount equal to, greater than, or less than its Revolving applicable Commitment Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment.
Appears in 2 contracts
Samples: Credit Agreement (Roanoke Electric Steel Corp), Credit Agreement (TTM Technologies Inc)
Lender Elections to Increase. If the Borrower so requestselects to request increases in the Revolving Commitments of each of the existing Lenders, each Lender may shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment (which agreement may be given or withheld at such Lender’s sole and absolute discretion) and, if so, whether by an amount equal to, greater than, or less than its Revolving 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.
Appears in 1 contract
Samples: Credit Agreement (GPM Petroleum LP)
Lender Elections to Increase. If To the extent the Borrower so requestsis seeking a Commitment Increase from existing Lenders, each Lender may shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving the Commitment (which agreement may be given or withheld at such Lender’s sole and absolute discretion) Increase and, if so, whether by an amount equal to, greater than, or less than its Revolving 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. No Lender shall be obligated to increase its Commitment hereunder.
Appears in 1 contract
Lender Elections to Increase. If Borrower so requests, each Each Lender may shall notify the Administrative Borrower Agent within such time period whether or not it agrees to commit to a portion of the requested increase its Revolving Commitment (which agreement may be given or withheld at such Lender’s sole and absolute discretion) of the Facility and, if so, whether by an amount equal to, greater than, or less than its Revolving Percentage of such requested increaseApplicable Percentage. Any Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitmentcommit to any portion of the requested increase.
Appears in 1 contract
Lender Elections to Increase. If Borrower To the extent so requestsrequested to increase its Commitment by the Borrower, each Lender may shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment (which agreement may be given or withheld at such Lender’s sole and absolute discretion) and, if so, whether by an amount equal to, greater than, or less than its Revolving 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.
Appears in 1 contract