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 of the Lenders’ responses to each request made hereunder. Whether or not necessary to achieve the full amount of a requested increase and subject to the approval of the Administrative Agent (and, solely with respect to an Incremental Revolving Credit Increase, the Issuing Bank and the Swing Line Lender (which approvals shall not be unreasonably withheld)), the Borrower may also invite additional Eligible Assignees to become Lenders under the applicable Facility pursuant to a joinder agreement in form and substance 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)

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Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrower Borrowers and each relevant Revolving Credit Lender of the applicable Revolving Credit Lenders’ responses to each request made hereunder. Whether or not necessary to To achieve the full amount of a requested increase and subject to the approval of the Administrative Agent (and, solely with respect to an Incremental Revolving Credit IncreaseAgent, the Issuing Bank L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld)), the Borrower may 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 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: Revolving Credit Agreement (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.), Assignment and Assumption (CAI International, Inc.)

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrower Agent and each Lender of the Lenders’ responses to each request made hereunder. Whether or not necessary to To achieve the full amount of a requested increase and subject to the approval of the Administrative Agent (and, solely with respect to an Incremental Revolving Credit IncreaseAgent, the Issuing Bank applicable L/C Issuers and the Swing Line Lender (which approvals shall not be unreasonably withheld)in the reasonable discretion of the Administrative Agent, the applicable L/C Issuers and the Swing Line Lender), the applicable Borrower may also invite additional Eligible Assignees to become Lenders under the applicable Facility pursuant to a joinder agreement in form and substance 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 Borrower Borrowing Agent and each Lender of the Lenders’ responses to each request made hereunder. Whether or not necessary to To achieve the full amount of a requested increase and subject to the approval of the Administrative Agent (and, solely with respect to an Incremental Revolving Credit IncreaseAgent, the Issuing Bank L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld), conditioned or delayed), the Borrower Borrowing Agent (on behalf of the Borrowers) may also invite additional Eligible Assignees to become 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 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 Borrower of the existing Revolving Lenders’ responses to each the request made hereunder. Whether or not necessary to To achieve the full amount of a requested increase and subject to the approval of the Administrative Agent (and, solely with respect to an Incremental Revolving Credit IncreaseAgent, the Issuing Bank Lender and the Swing Line Swingline Lender (which approvals approval shall not be unreasonably withheld)), the Borrower may also invite additional Eligible Assignees to become Revolving Lenders under (such Eligible Assignees, together with the applicable Facility existing Revolving Lenders agreeing to increase their Revolving Commitment, the “Incremental 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 Borrower Company and each Lender of the Lenders’ responses to each request made hereunder. Whether or not If necessary to achieve the full amount of a requested increase and subject to the approval of the Administrative Agent Agent, and in the case of any increase to the Aggregate (and, solely with respect to an Incremental Revolving Credit IncreaseUSD/MC) Commitments, the Issuing Bank L/C Issuer and the Swing Line Lender (which approvals shall Lender, in each case not to be unreasonably withheld))withheld or delayed, the Borrower Company may also invite additional Eligible Assignees to become Lenders under the applicable Facility pursuant to a joinder agreement in form and substance 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 Borrower and each Lender of the Lenders’ responses to each request made hereunder. Whether or not necessary to To achieve the full amount of a requested increase and subject to the approval of the Administrative Agent (Agent, and, solely other than with respect to an Incremental Revolving Credit Increaseincreases in the form of a term loan tranche, the Issuing Bank L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld)), the Borrower may also invite additional Eligible Assignees to become Lenders under the applicable Facility pursuant to a joinder agreement in form and substance 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 Borrower Borrowers and each Lender of the Lenders’ responses to each request made hereunder. Whether or not necessary to To achieve the full amount of a requested increase and subject to the approval of the Administrative Agent (and, solely with respect if such increase is to an Incremental the Aggregate Revolving Credit IncreaseCommitments, the Issuing Bank L/C Issuer and the Swing Line Lender (none of which such approvals shall not be unreasonably withheld)withheld or delayed), the Borrower Borrowers may also invite additional Eligible Assignees to become 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 2 contracts

Samples: Credit Agreement (Western Digital Corp), Credit Agreement (Western Digital Corp)

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrower Borrowers and each Lender of the Lenders’ responses to each request made hereunderIncremental Term Loan Borrowing Notice. Whether or not necessary To obtain participation in an aggregate amount equal to achieve 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 (and, solely with respect to an Incremental Revolving Credit Increase, the Issuing Bank and the Swing Line Lender (which approvals approval shall not be unreasonably withheld)withheld or delayed), the Borrower Borrowers may also invite obtain the agreement of additional Eligible Assignees to become Lenders under the applicable Facility 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 (Building Materials Manufacturing Corp), Term Loan Agreement (BMCA Acquisition Sub Inc.)

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Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrower Company and each applicable Lender of the Lenders’ responses to each request made hereunder. Whether or not necessary to To achieve the full amount of a requested increase increase, and subject to the approval of the Administrative Agent (and, solely with respect to an in the case of any Incremental Revolving Credit IncreaseCommitment request, the Issuing Bank L/C Issuer and the each Swing Line Lender Lender) (which approvals approval(s) shall not be unreasonably withheld)), the Borrower Company may also invite additional Eligible Assignees to become Lenders under the applicable Facility pursuant to a joinder agreement in form and substance 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 promptly notify the Borrower Parent, on behalf of each of the Borrowers, and each Lender of the Lenders’ responses to each request made hereunder. Whether or not necessary to To achieve the full amount of a requested increase and subject to the approval of the Administrative Agent (and, solely with respect to an Incremental Revolving Credit IncreaseAgent, the Issuing Bank L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld)), the Borrower Parent, on behalf of each of the Borrowers, may also invite additional Eligible Assignees to become 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 1 contract

Samples: Credit Agreement (Gilead Sciences Inc)

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrower and each Lender of the Lenders’ responses to each request made hereunder. Whether or In the event the Lenders do not necessary agree, in the aggregate, to achieve increase their Commitments by at least the full amount of a the requested increase and increase, subject to the approval of the Administrative Agent (andAgent, solely with respect to an Incremental Revolving Credit Increase, the Issuing Bank each L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld)), the Borrower may also invite additional Eligible Assignees to become Lenders under the applicable 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 (Republic Services Inc)

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrower Parent and each Lender under the applicable Facility of the Lenders’ responses to each request made hereunder. Whether or not necessary to To achieve the full amount of a requested increase and subject to the approval of the Administrative Agent (and, solely with respect to an Incremental in the case of any increase in the Revolving Credit IncreaseCommitments, the Issuing Bank each L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld)), the Borrower Parent may also invite additional Eligible Assignees to become Lenders under the applicable 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 (Cal Dive International, Inc.)

Notification by Administrative Agent; Additional Lenders. The Administrative Agent shall notify the Borrower Company and each Lender of the Lenders’ responses to each request made hereunder. Whether or If the Lenders do not necessary agree to achieve 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 (andAgent, solely with respect to an Incremental Revolving Credit Increase, the Issuing Bank and the Swing Line Lender and each L/C Issuer (which approvals shall not be unreasonably withheld)), the Borrower Company may also invite additional Eligible Assignees to become Lenders under the applicable 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 (Idex Corp /De/)

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