Minimum Increase. Each request by the Borrowers to increase Revolving Credit Commitments pursuant to this Section 2.11 shall be in an aggregate principal amount of not less than $25,000,000 and shall be in an increment of $5,000,000 in excess thereof (provided that such amount may be less than $25,000,000 if such amount represents all remaining availability under the limit set forth in Section 2.11.1.3 [Aggregate Revolving Credit Commitments]).
Appears in 3 contracts
Samples: Credit Agreement (Steel Partners Holdings L.P.), Revolving Credit Agreement (Steel Partners Holdings L.P.), Credit Agreement (Steel Partners Holdings L.P.)
Minimum Increase. Each request by the Borrowers Borrower to increase Revolving Credit Commitments pursuant to this Section section 2.11 shall be in an aggregate principal amount of not less than $25,000,000 5,000,000 and shall be in an increment of $5,000,000 1,000,000 in excess thereof (provided that such amount may be less than $25,000,000 5,000,000 if such amount represents all remaining availability under the limit set forth in Section 2.11.1.3 [Aggregate Revolving Credit Commitments]).
Appears in 1 contract
Minimum Increase. Each request by the Borrowers Borrower to increase Revolving Credit Commitments pursuant to this Section section 2.11 shall be in an aggregate principal amount of not less than $25,000,000 20,000,000 and shall be in an increment of $5,000,000 1,000,000 in excess thereof (provided that such amount may be less than $25,000,000 20,000,000 if such amount represents all remaining availability under the limit set forth in Section 2.11.1.3 [Aggregate Revolving Credit Commitments]).
Appears in 1 contract
Minimum Increase. Each request by the Borrowers Borrower to increase Revolving Credit Commitments pursuant to this Section 2.11 section 2.12 shall be in an aggregate principal amount of not less than $25,000,000 10,000,000 and shall be in an increment of $5,000,000 1,000,000 in excess thereof (provided that such amount may be less than $25,000,000 10,000,000 if such amount represents all remaining availability under the limit set forth in Section 2.11.1.3 2.12.1.3 [Aggregate Revolving Credit Commitments]).
Appears in 1 contract