Notification by Agent; Additional Lenders Sample Clauses

Notification by Agent; Additional Lenders. The Agent shall notify the Borrowers and each Lender of the Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase in the Facility Amount and subject to the approval of the Agent and the Agent (which approvals shall not be unreasonably withheld), the Borrowers may also invite additional Eligible Assignees to become Lenders pursuant to a joinder agreement in form and substance reasonably satisfactory to the Agent and its counsel.
AutoNDA by SimpleDocs
Notification by Agent; Additional Lenders. The Agent shall notify the Lead Borrower and each Lender of the Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase and subject to the approval of the Agent, the L/C Issuer and the Swing Line Lender, to the extent that the existing Lenders decline to increase their Commitments, or decline to increase their Commitments to the amount requested by the Lead Borrower, the Agent, in consultation with the Lead Borrower, will use its reasonable efforts to arrange for other Eligible Assignees to become a Lender hereunder (each such Lender, an “Additional Commitment Lender”) and to issue commitments in an amount equal to the amount of the increase in the Aggregate Commitments requested by the Lead Borrower and not accepted by the existing Lenders (and the Lead Borrower may also invite additional Eligible Assignees to become Lenders), provided, however, that without the consent of the Agent, at no time shall the Commitment of any Additional Commitment Lender be less than $5,000,000.
Notification by Agent; Additional Lenders. The Agent shall notify the Borrower and each Lender of the Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase and subject to the approval of the Agent, the 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 pursuant to a joinder agreement in form and substance satisfactory to the Agent and its counsel.
Notification by Agent; Additional Lenders. The Agent shall notify the Lead Borrower and each Tranche A Lender of the Tranche A Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase and subject to the approval of the Agent, the L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld), to the extent that the existing Tranche A Lenders decline to increase their Tranche A Commitments, or decline to increase their Tranche A Commitments to the amount requested by the Lead Borrower, the Arranger, in consultation with the Lead Borrower, will use its reasonable efforts to arrange for other Eligible Assignees to become a Tranche A Lender hereunder and to issue commitments in an amount equal to the amount of the increase in the Tranche A Commitments requested by the Lead Borrower and not accepted by the existing Tranche A Lenders (and the Lead Borrower may also invite additional Eligible Assignees to become Tranche A Lenders) (collectively, the “Additional Commitment Lenders”), provided, however, that without the consent of the Agent, at no time shall the Tranche A Commitment of any Additional Commitment Lender be less than $5,000,000.
Notification by Agent; Additional Lenders. On the last day of the time period specified in the Borrower’s notice as provided in Section 2.14(a), the Agent shall notify the Borrower and each Lender of the Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase and subject to the approval of the GSO Entities, to the extent that the existing Lenders decline to increase their respective outstanding portion of the Loans, as applicable, or decline to increase their respective outstanding portion of the Loans to the amount requested by the Borrower, the Agent and the Arranger, in consultation with the Borrower, may use their commercially reasonable efforts to arrange for other Eligible Assignees to become a Lender hereunder (each such Lender, an “Additional Commitment Lender”) and to issue commitments in an amount equal to the amount of the increase in the Loans requested by the Borrower and not accepted by the existing Lenders (and the Borrower may also invite additional Eligible Assignees to become Lenders), provided, however, that without the consent of the Agent and the Arranger, at no time shall the commitment of any Additional Commitment Lender be less than $5,000,000.
Notification by Agent; Additional Lenders. Agent shall notify Borrower Agent and each Lender of the Lenders’ responses to each request made hereunder. To the extent the full amount of a requested increase is not agreed to by the Lenders, Agent will use commercially reasonable efforts to obtain one or more Eligible Assignees that are not then Lenders and who are reasonably acceptable to the Borrower Agent, or the Borrowers may obtain one or more Eligible Assignees that are not Lenders and who are reasonably acceptable to the Agent and Issuing Bank (which approvals shall not be unreasonably withheld) to become Lenders pursuant to a joinder agreement in form and substance satisfactory to Agent and its counsel.
Notification by Agent; Additional Lenders. The Agent shall notify the Lead Borrower and each Lender of the Lenders’ responses to each request made hereunder.
AutoNDA by SimpleDocs
Notification by Agent; Additional Lenders. The Administrative Agent shall notify Borrower Funds Administrator and each Lender of the Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase and subject to the approval of Agent and the L/C Issuer (which approvals shall not be unreasonably withheld), to the extent that the existing Lenders decline to increase their Commitments in respect of the Revolving Facility, or decline to increase such Commitments to the amount requested by Borrower Funds Administrator, Agent, in consultation with Borrower Funds Administrator, will use its reasonable efforts to arrange for other Eligible Assignees acceptable to Agent and Documentation Agent to become a Lender hereunder and to issue commitments in an amount equal to the amount of the increase in the Commitments in respect of the Revolving Facility requested by Borrower Funds Administrator and not accepted by the existing Lenders (and Borrower Funds Administrator may also invite additional Eligible Assignees acceptable to Agent and Documentation Agent to become Lenders), provided, however, that without the consent of Agent, at no time shall any Additional Commitment Lender’s Commitment in respect of the Revolving Facility be less than $2,500,000.
Notification by Agent; Additional Lenders. The Agent shall notify the Lead Borrower and each Domestic Lender of the Domestic Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase and subject to the approval of the Agent, the L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld), to the extent that the existing Domestic Lenders decline to increase their Domestic Commitments, or decline to increase their Domestic Commitments to the amount requested by the Lead Borrower, the Arranger, in consultation with the Lead Borrower, will use its reasonable efforts to arrange for other Eligible Assignees to become a Domestic Lender hereunder and to issue commitments in an amount equal to the amount of the increase in the Domestic Commitments requested by the Lead Borrower and not accepted by the existing Domestic Lenders (and the Lead Borrower may also invite additional Eligible Assignees to become Domestic Lenders) (collectively, the “Additional Commitment Lenders”), provided, however, that without the consent of the Agent, at no time shall the Domestic Commitment of any Additional Commitment Lender be less than $5,000,000.
Notification by Agent; Additional Lenders. The Agent shall notify the Parent Borrower and each Lender of the Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase, and subject to the approval of the Agent, the Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld), the Parent Borrower may also invite additional Eligible Assignees to become Lenders pursuant to a joinder agreement in form and substance reasonably satisfactory to the Parent Borrower and the Agent and its counsel.
Time is Money Join Law Insider Premium to draft better contracts faster.