New Commitment. Pursuant to Section 2.1(e) of the Credit Agreement and subject to the terms and conditions hereof, the undersigned Xxxxxx hereby agrees to make the New Commitment to the Borrower effective on and as of the Increased Amount Date. The New Commitment shall constitute a “Commitment” for all purposes of the Credit Agreement and the other Transaction Documents, and the terms and provisions of the New Commitment shall be identical to the existing Commitments under the Credit Agreement.
New Commitment. The Acceding Bank undertakes to the Existing Banks, the Agent and the Borrower that it shall assume the New Obligations on and from the Accession Date.
New Commitment. (i) Borrower hereby acknowledges and agrees that following satisfaction of all conditions precedent to the effectiveness of the Increase as provided in Section 5.08 of the Credit Agreement, the amount of each Bank’s Commitment shall be the amount set forth on Exhibit A attached hereto and the Total Revolving Loan Commitments under the Credit Agreement will include the Increase.
(ii) In connection with the Increase, (x) Citibank, N.A. (“New Bank”) shall be issued a Revolving Loan Note in the principal face amount of $30,000,000.00 and New Bank shall, as of the date thereof, become a “Bank” under the Credit Agreement with a Commitment in the amount set forth opposite New Bank’s name on Exhibit A attached hereto (the “New Commitment”) and (y) KeyBank shall be issued a replacement Revolving Loan Note in the principal face amount of $50,000,000.00 and PNC shall be issued a replacement Revolving Loan Note in the principal face amount of $50,000,000.00 and each such Bank shall, as of the date thereof, have a Commitment in the amount set forth opposite such Bank’s name on Exhibit A attached hereto. Each such new or replacement note shall, as of the date of issuance of same, be a “Revolving Loan Note” under the Credit Agreement.
New Commitment. This Amendment constitutes (a) the Borrower's Additional Commitment Request to the Administrative Agent pursuant to Section 2.1(c) of the Credit Agreement, with the Borrower requesting that Fleet National Bank increase its Revolving Commitment from $20,000,000 to $25,000,000 and (b) the Administrative Agent's approval of the terms of such Additional Commitment Request. Contemporaneously with the execution and delivery hereof, the Proposed Lender is delivering to the Administrative Agent an Additional Lender Supplement in accordance with Section 2.1 of the Credit Agreement.
New Commitment. (a) Subject to the terms and conditions of this Agreement, the Lender agrees to advance to Borrower from time to time during the period from and including the Closing Date to anytime at least 5 Business Days immediately prior to the Maturity Date loans in an aggregate principal amount of up to the New Commitment in immediately available funds. The Company shall repay the principal amount of such loans (collectively, the “New Commitment Loans”), together with all accrued and unpaid interest thereon, in full upon demand by Lender any time after the Maturity Date. The Company shall request each New Commitment Loan by delivering to the Lender: (i) an irrevocable written notice specifying; (ii) the principal amount of such requested New Commitment Loan which shall be in a minimum amount of $50,000 or an integral multiple of $25,000 in excess thereof; (iii) the date of the requested New Commitment Loan (which shall be a Business Day not sooner than 5 Business Days prior to the date of such notice); and (iv) a written certification from an executive officer of the Company certifying that, on and as of the date of the requested New Commitment Loan (I) the representations and warranties of Borrower contained in the Credit Documents remain true and correct in all material respects, and (II) no Event of Default has occurred or is continuing. Without the consent of the Lender, Borrower may not request more than one New Commitment Loan in any week. Borrower may repay the New Commitment Loans at any time without any penalty or premium. New Commitment Loans once repaid may be borrowed in the form of New Commitment Loans hereunder at any time prior to the Maturity Date, provided that the aggregate principal amount of all New Commitment Loans outstanding at any time shall not exceed the amount of the New Commitment.
(b) The terms and conditions of the New Commitment Loans shall be set forth in a secured convertible promissory note in the form attached hereto as Exhibit A (the “New Commitment Note”), appropriately completed, to be executed and delivered by Borrower to the Lender on or prior to the Closing Date.
(c) The original principal amount of the New Commitment Note shall equal the sum of the New Commitment. The outstanding principal amount of the New Commitment Note shall be due and payable in full upon demand at any time on or after the Maturity Date. The accrued and unpaid outstanding interest on the New Commitment Note shall be due and payable in quarterly installm...
New Commitment. (a) Schedule B of the Credit Agreement is deleted and replaced with the new Schedule B attached hereto as Exhibit "A".
(b) The Aggregate Commitment Amount is increased to $1,000,000,000.
(c) Concurrent with the addition of a new Individual Commitment Amount from the New Lender, the New Lender shall purchase from each Existing Lender such portion of the Obligations owing to such Existing Lender as is requested by the Agent (in accordance with its customary practices) to ensure that the Obligations owing to each Lender will be equal to such Lender's Rateable Portion (as determined after giving effect to the revised Individual Commitment Amounts set forth in Exhibit "A" attached hereto); provided that any such purchase of Obligations which is outstanding by way of Bankers' Acceptances or LIBOR Based Loans shall only occur on the Maturity Date(s) thereof.
New Commitment. Aggregate Commitments Aggregate Commitments Commitment of of all Lenders Prior to of all Lenders Including Pro Rata Share of New New Lender New Commitment New Commitment Lender Commitment $35,000,000 $330,000,000 $365,000,000 9.59%
New Commitment. (a) Facility: Revolving Credit Facility
(b) Aggregate Amount of Commitments for All Lenders (including Commitment extended by New Lender hereunder): $400,000,000
(c) Amount of Commitment of New Lender: $25,000,000
(d) Percentage of Aggregate Commitment of New Lender: 6.25000000%
New Commitment. Aggregate Commitments Aggregate Commitments Commitment of New of all Lenders Prior to of all Lenders Including Pro Rata Share of New Lender New Commitment New Commitment Lender Commitment
New Commitment. Subject to the terms and conditions hereof, the New Lender agrees to make revolving credit loans ("NEW LOANS") to the Borrower from time to time during the New Commitment Period in an aggregate principal amount at any one time outstanding which does not exceed the amount of the New Commitment. During the New Commitment Period the Borrower may use the New Commitment by borrowing, prepaying the New Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The New Loans may from time to time be Eurodollar Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5A and 2.11, PROVIDED that no New Loan shall be made as a Eurodollar Loan after the day that is one month prior to the Revolving Credit Termination Date.
