Common use of Lender Elections to Increase Clause in Contracts

Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such time period whether or not it agrees, in its sole and absolute discretion to provide all or a portion of the Credit Increase and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such Credit Increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to provide such Credit Increase.

Appears in 3 contracts

Samples: Credit Agreement (Celanese Corp), Credit Agreement (Celanese Corp), Credit Agreement (Celanese Corp)

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Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such time period whether or not it agrees, in agrees to increase its sole and absolute discretion to provide all or a portion of the Revolving Credit Increase Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. No Lender’s Revolving Credit IncreaseCommitment shall be increased pursuant to this Section 2.22 without the consent of such Lender. Any Revolving Lender not responding within such time period shall be deemed to have declined to provide such increase its Revolving Credit IncreaseCommitment.

Appears in 2 contracts

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

Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such the time period set forth in the applicable notice provided pursuant to Section 2.14(a) whether or not it agrees, in its sole and absolute discretion discretion, to provide all or a portion of the increase its Revolving Credit Increase Commitment and, if so, the amount by which it seeks to increase its commitment (whether by an amount equal to, greater than, or less than its Applicable Percentage of such Credit Increaserequested increase). Any Revolving Lender not responding within such time period shall be deemed to have declined to provide such increase its Revolving Credit IncreaseCommitment.

Appears in 2 contracts

Samples: Credit Agreement (Engility Holdings, Inc.), Credit Agreement (Engility Holdings, Inc.)

Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such time period whether or not it agrees, in agrees to increase its sole and absolute discretion to provide all or a portion of the Revolving Credit Increase Commitment and, if so, whether by an amount equal to, greater than, or less than its it’s Applicable Percentage of such Credit Increaserequested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to provide such increase its Revolving Credit IncreaseCommitment.

Appears in 2 contracts

Samples: Credit Agreement (Duckwall Alco Stores Inc), Credit Agreement (Duckwall Alco Stores Inc)

Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such time period whether or not it agrees, in agrees to increase its sole and absolute discretion to provide all or a portion of the Revolving Credit Increase Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Adjusted Percentage of such Credit the requested Facility Increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to provide such increase its Revolving Credit IncreaseCommitment.

Appears in 2 contracts

Samples: Credit Agreement (DJO Finance LLC), Credit Agreement (Ahny-Iv LLC)

Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such time period specified in the notice whether or not it agrees, in agrees to increase its sole and absolute discretion to provide all or a portion of the Revolving Credit Increase Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such Credit Increaserequested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to provide such increase its Revolving Credit IncreaseCommitment.

Appears in 1 contract

Samples: Credit Agreement (Patterson Uti Energy Inc)

Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such time period whether or not it agrees, in agrees to increase its sole and absolute discretion to provide all or a portion of the Revolving Credit Increase Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Revolving Credit Percentage of such Credit Increaserequested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to provide increase its Revolving Credit Commitment. Any decision by a Lender to increase its Revolving Credit Commitment shall be in such Credit IncreaseLender’s sole and absolute discretion.

Appears in 1 contract

Samples: Fourth Amendment Agreement (United Natural Foods Inc)

Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such time period whether or not it agrees, in agrees to increase its sole and absolute discretion to provide all or a portion of the Maximum Credit Increase Amounts and, if so, whether by an amount equal to, greater than, than or less than its Applicable Percentage of such Credit Increaserequested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to provide such increase its Maximum Credit IncreaseAmounts.

Appears in 1 contract

Samples: Credit Agreement (AMERICAN EAGLE ENERGY Corp)

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Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such time period by the proposed Increased Amount Date whether or not it agreesagrees to increase its applicable Revolving Credit Commitment, in its which shall be at such Lender’s sole and absolute discretion to provide all elect or a portion of the Credit Increase decline, and, if so, whether by an amount equal to, greater than, or less than its Applicable applicable Revolving Credit Commitment Percentage of such Credit Increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to provide such Credit Increaserequested increase.

Appears in 1 contract

Samples: Loan Agreement (Omega Protein Corp)

Lender Elections to Increase. Each Appropriate Lender shall notify the Administrative Agent within such time period whether or not it agrees, in agrees to increase its sole and absolute discretion to provide all or a portion of the Revolving Credit Increase Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such Credit Increaserequested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to provide such increase its Revolving Credit IncreaseCommitment.

Appears in 1 contract

Samples: Credit Agreement (Carriage Services Inc)

Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such time period by the proposed Increased Amount Date whether or not it agreesagrees to increase its Revolving Credit Commitment, in its which shall be at such Lender’s sole and absolute discretion to provide all elect or a portion of the Credit Increase decline, and, if so, whether by an amount equal to, greater than, or less than its Applicable Revolving Credit Commitment Percentage of such Credit Increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to provide such Credit Increaserequested increase.

Appears in 1 contract

Samples: Loan Agreement (Omega Protein Corp)

Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such time period whether or not it agrees, in agrees to increase its sole and absolute discretion to provide all or a portion of the Revolving Credit Increase Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage pro rata share of such Credit Increaserequested increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to provide such increase its Revolving Credit IncreaseCommitment.

Appears in 1 contract

Samples: Credit Agreement (Ace Cash Express Inc/Tx)

Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such time period whether or not it agrees, in agrees to increase its sole and absolute discretion to provide all or a portion of the Revolving Credit Increase Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such Credit the requested Facility Increase. Any Revolving Lender not responding within such time period shall be deemed to have declined to provide such increase its Revolving Credit IncreaseCommitment.

Appears in 1 contract

Samples: Credit Agreement (Apria Healthcare Group Inc)

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