Common use of Notification by Administrative Agent; Additional Lenders Clause in Contracts

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrower Representative and each Revolving Credit Lender of the Revolving Credit Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase, and subject to the approval of the Administrative Agent and each L/C Issuer (which approvals shall not be unreasonably withheld or delayed), the Borrower Representative may also invite additional Eligible Assignees to become Revolving Credit Lenders (“Additional Lenders”) pursuant to a joinder agreement in form and substance satisfactory to the Administrative Agent and its counsel.

Appears in 3 contracts

Samples: Credit Agreement (Masonite International Corp), Credit Agreement (Masonite International Corp), Credit Agreement (Masonite International Corp)

AutoNDA by SimpleDocs

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrower Representative and each Revolving Credit Lender of the Revolving Credit Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase, increase and subject to the approval of the Administrative Agent and Agent, each then acting Fronting L/C Issuer Issuer, the Several L/C Agent and the Swing Line Lender (which approvals shall not be unreasonably withheld or delayed), the Borrower Representative may also invite additional Eligible Assignees to become Revolving Credit Lenders (“Additional Lenders”) pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent and its counselAgent.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Voya Financial, Inc.), Revolving Credit Agreement (Voya Financial, Inc.), Revolving Credit Agreement (Voya Financial, Inc.)

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Parent Borrower Representative and each Revolving Credit applicable Lender of the Revolving Credit Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase, and subject Subject to the approval of the Administrative Agent and each L/C Issuer (which approvals approval shall not be unreasonably withheld or delayed)) and, in the case of an Incremental Revolving Increase of the Dollar Tranche Commitments, each L/C Issuer, the Parent Borrower Representative may also invite additional Eligible Assignees to become Revolving Credit Lenders (“Additional Lenders”) pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent and its counselcounsel (a “New Lender Joinder Agreement”).

Appears in 3 contracts

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

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrower Representative and each Revolving Credit Lender of the Revolving Credit Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase, increase and subject to the approval of the Administrative Agent and each Agent, the L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld or delayedwithheld), the Borrower Representative may also invite additional Eligible Assignees to become Revolving Credit Lenders (“Additional Lenders”) pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent and its counsel.

Appears in 3 contracts

Samples: Assignment and Assumption (CAI International, Inc.), Assignment and Assumption (CAI International, Inc.), Assignment and Assumption (CAI International, Inc.)

AutoNDA by SimpleDocs

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrower Representative and each Revolving Credit Lender of the Revolving Credit Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase, and subject to the approval of the Administrative Agent Agent, and each the L/C Issuer (which approvals shall not be unreasonably withheld or delayedwithheld), the Borrower Representative may also invite additional Eligible Assignees (together with any existing Lender participating in any such increase, each, an “Increasing Lender”) to become Revolving Credit Lenders (“Additional Lenders”) pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent and its counsel.

Appears in 2 contracts

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

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrower Representative and each Lender with a Revolving Credit Lender Commitment of the Revolving Credit such Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase, and subject to the approval of the Administrative Agent and each Agent, the L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld or delayedwithheld), the Borrower Representative may also invite additional Eligible Assignees to become Lenders under the Revolving Credit Lenders (“Additional Lenders”) Facility pursuant to a joinder agreement in form and substance satisfactory to the Administrative Agent and its counsel.

Appears in 1 contract

Samples: Credit Agreement (Medcath Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!