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

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrowers and each relevant Revolving Credit Lender of the applicable 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, the L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld), the Borrowers may, at their option, also invite additional Eligible Assignees (for the purposes of this §2.11, the “Additional Lenders”) to become Revolving Credit Lenders pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent and its counsel.

Appears in 4 contracts

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

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Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrowers and each relevant Revolving Credit Lender Borrower of the applicable Revolving Credit Lenders’ responses to each request made hereunder. To Whether or not necessary to achieve the full amount of a requested increase and subject to the approval of the Administrative AgentAgent (and, solely with respect to an Incremental Revolving Credit Increase, the L/C Issuer Issuing Bank and the Swing Line Lender (which approvals shall not be unreasonably withheld)), the Borrowers may, at their option, Borrower may also invite additional Eligible Assignees (for the purposes of this §2.11, the “Additional Lenders”) to become Revolving Credit Lenders under the applicable Facility pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent and its counsel.

Appears in 4 contracts

Samples: Credit Agreement (National Health Investors Inc), Credit Agreement (National Health Investors Inc), Credit Agreement (National Health Investors Inc)

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrowers Borrowing Agent and each relevant Revolving Credit Lender of the applicable 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, the L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld, conditioned or delayed), the Borrowers may, at their option, Borrowing Agent (on behalf of the Borrowers) may also invite additional Eligible Assignees (for the purposes of this §2.11, the “Additional Lenders”) to become Revolving Credit Lenders pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent and its counsel.

Appears in 3 contracts

Samples: Credit Agreement (Fresh Del Monte Produce Inc), Credit Agreement (Fresh Del Monte Produce Inc), Credit Agreement (Fresh Del Monte Produce Inc)

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrowers Borrower Agent and each relevant Revolving Credit Lender of the applicable 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, the applicable L/C Issuer Issuers and the Swing Line Lender (which approvals shall not be unreasonably withheldin the reasonable discretion of the Administrative Agent, the applicable L/C Issuers and the Swing Line Lender), the Borrowers may, at their option, applicable Borrower may also invite additional Eligible Assignees (for the purposes of this §2.11, the “Additional Lenders”) to become Revolving Credit Lenders pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent and its counsel.

Appears in 3 contracts

Samples: Credit Agreement (Pacer International Inc), Credit Agreement (Pacer International Inc), Credit Agreement (Pacer International Inc)

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrowers Company and each relevant Revolving Credit Lender of the applicable Revolving Credit Lenders’ responses to each request made hereunder. To If necessary to achieve the full amount of a requested increase and subject to the approval of the Administrative Agent, and in the case of any increase to the Aggregate (USD/MC) Commitments, the L/C Issuer and the Swing Line Lender (which approvals shall Lender, in each case not to be unreasonably withheld)withheld or delayed, the Borrowers may, at their option, Company may also invite additional Eligible Assignees (for the purposes of this §2.11, the “Additional Lenders”) to become Revolving Credit 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 (Watsco Inc), Credit Agreement (Watsco Inc)

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrowers Company and each relevant Revolving Credit applicable Lender of the applicable 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 AgentAgent (and, solely in the case of any Incremental Revolving Commitment request, the L/C Issuer and the each Swing Line Lender Lender) (which approvals approval(s) shall not be unreasonably withheld), the Borrowers may, at their option, Company may also invite additional Eligible Assignees (for the purposes of this §2.11, the “Additional Lenders”) to become Revolving Credit 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 (Greif, Inc), Credit Agreement (Greif Inc)

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrowers and each relevant Revolving Credit Lender Borrower of the applicable existing Revolving Credit Lenders’ responses to each the request made hereunder. To achieve the full amount of a requested increase and subject to the approval of the Administrative Agent, the L/C Issuer Issuing Lender and the Swing Line Swingline Lender (which approvals approval shall not be unreasonably withheld), the Borrowers may, at their option, Borrower may also invite additional Eligible Assignees to become Revolving Lenders (for such Eligible Assignees, together with the purposes of this §2.11existing Revolving Lenders agreeing to increase their Revolving Commitment, the “Additional Incremental Lenders”) to become Revolving Credit Lenders pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent and its counselcounsel and the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Amn Healthcare Services Inc), Credit Agreement (Amn Healthcare Services Inc)

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrowers Borrower and each relevant Revolving Credit Lender of the applicable 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, other than with respect to increases in the form of a term loan tranche, the L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld), the Borrowers may, at their option, Borrower may also invite additional Eligible Assignees (for the purposes of this §2.11, the “Additional Lenders”) to become Revolving Credit 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 (Aar Corp), Credit Agreement (Aar Corp)

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrowers and each relevant Revolving Credit Lender of the applicable 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 AgentAgent and, if such increase is to the Aggregate Revolving Credit Commitments, the L/C Issuer and the Swing Line Lender (none of which such approvals shall not be unreasonably withheldwithheld or delayed), the Borrowers may, at their option, may also invite additional Eligible Assignees (for the purposes of this §2.11, the “Additional Lenders”) to become Revolving Credit 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 (Western Digital Corp), Credit Agreement (Western Digital Corp)

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Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrowers and each relevant Revolving Credit Lender of the applicable Revolving Credit Lenders’ responses to each request made hereunderIncremental Term Loan Borrowing Notice. To achieve obtain participation in an aggregate amount equal to the full amount of a requested increase Incremental Term Loan Borrowing subject to each Incremental Term Loan Borrowing Notice, and subject to the approval of the Administrative Agent, the L/C Issuer and the Swing Line Lender Agent (which approvals approval shall not be unreasonably withheldwithheld or delayed), the Borrowers may, at their option, also invite may obtain the agreement of additional Eligible Assignees (for the purposes of this §2.11, the “Additional Lenders”) to become Revolving Credit Lenders under this Agreement pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent and its counselAgent.

Appears in 2 contracts

Samples: Term Loan Agreement (BMCA Acquisition Sub Inc.), Term Loan Agreement (Building Materials Manufacturing Corp)

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrowers Parent and each relevant Revolving Credit Lender under the applicable Facility of the applicable 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 AgentAgent and, in the case of any increase in the Revolving Credit Commitments, each L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld), the Borrowers may, at their option, Parent may also invite additional Eligible Assignees (for the purposes of this §2.11, the “Additional Lenders”) to become Revolving Credit Lenders pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent and its counsel.

Appears in 1 contract

Samples: Credit Agreement (Cal Dive International, Inc.)

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrowers Company and each relevant Revolving Credit Lender of the applicable Revolving Credit Lenders’ responses to each request made hereunder. To achieve If the Lenders do not agree to the full amount of a requested increase, or if the Company elects not to offer such increase and to the existing Lenders, then subject to the approval of the Administrative Agent, the Swing Line Lender and each L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld), the Borrowers may, at their option, also Company may invite additional Eligible Assignees (for the purposes of this §2.11, the “Additional Lenders”) to become Revolving Credit Lenders pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent and its counsel.

Appears in 1 contract

Samples: Credit Agreement (Idex Corp /De/)

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrowers Borrower and each relevant Revolving Credit Lender of the applicable Revolving Credit Lenders’ responses to each request made hereunder. To achieve In the full event the Lenders do not agree, in the aggregate, to increase their Commitments by at least the amount of a the requested increase and increase, subject to the approval of the Administrative Agent, the each L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld), the Borrowers may, at their option, Borrower may also invite additional Eligible Assignees (for the purposes of this §2.11, the “Additional Lenders”) to become Revolving Credit Lenders pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent and its counsel.

Appears in 1 contract

Samples: Credit Agreement (Republic Services Inc)

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall promptly notify the Borrowers Parent, on behalf of each of the Borrowers, and each relevant Revolving Credit Lender of the applicable 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, the L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld), the Borrowers mayParent, at their optionon behalf of each of the Borrowers, may also invite additional Eligible Assignees (for the purposes of this §2.11, the “Additional Lenders”) to become Revolving Credit Lenders pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent and its counsel.

Appears in 1 contract

Samples: Credit Agreement (Gilead Sciences Inc)

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