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.
Appears in 2 contracts
Samples: Credit Agreement (Restoration Hardware Holdings Inc), Credit Agreement (Restoration Hardware Holdings Inc)
Notification by Agent; Additional Lenders. The 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 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, Agent and the L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld)Issuer, to the extent that the existing Tranche A Lenders decline to increase their respective Revolving Commitment or outstanding portion of the Tranche A CommitmentsTerm Loan or the Tranche A-1 Term Loan, as applicable, or decline to increase their respective Revolving Commitment and outstanding portion of the Tranche A Commitments Term Loan or the Tranche A-1 Term Loan to the amount requested by the Lead Borrower, the ArrangerAgent, in consultation with the Lead Borrower, will use its reasonable efforts to arrange for other Eligible Assignees to become a Revolving Lender and Tranche A Term Lender or Tranche A-1 Term 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 Revolving Commitment and the Tranche A Commitments Term Loan and Tranche A-1 Term Loan 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, ; provided however, that without the consent of the Agent, at no time shall the Tranche A Commitment commitment of any Additional Commitment Lender be less than $5,000,000.
Appears in 1 contract
Samples: First Lien Credit Agreement (Sequential Brands Group, Inc.)
Notification by Agent; Additional Lenders. The Agent shall notify the Lead Borrower and each Tranche A Revolving Lender of the Tranche A Revolving 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 Revolving Lenders decline to increase their Tranche A Revolving Credit Commitments, or decline to increase their Tranche A Revolving Credit Commitments to the amount requested by the Lead Borrower, the ArrangerAgent, in consultation with the Lead Borrower, will use its reasonable efforts to arrange for other Eligible Assignees to become a Tranche A Revolving Lender hereunder (an “Additional Commitment Lender”) and to issue commitments in an amount equal to the amount of the increase in the Tranche A Aggregate Revolving Commitments requested by the Lead Borrower and not accepted by the existing Tranche A Revolving Lenders (and the Lead Borrower may also invite additional Eligible Assignees to become Tranche A Revolving Lenders) (collectively, the “Additional Commitment Lenders”), provided, however, that without the consent of the Agent, at no time shall the Tranche A Revolving Credit Commitment of any Additional Commitment Lender be less than $5,000,00010,000,000.
Appears in 1 contract
Samples: Credit Agreement (Alco Stores Inc)
Notification by Agent; Additional Lenders. The Agent shall notify the Lead Borrower and each Tranche A Lender of the Tranche A Revolver 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 Issuing Lender and the Swing Line Lender (which approvals shall not be unreasonably withheld), to the extent that the existing Tranche A Revolver Lenders decline to increase their Tranche A Revolver Commitments, or decline to increase their Tranche A Revolver Commitments to the amount requested by the Lead Borrower, the ArrangerAgent, in consultation with the Lead Borrower, will use its reasonable efforts to arrange for other Eligible Assignees Transferees to become a Tranche A Revolver Lender hereunder and to issue commitments in an amount equal to the amount of the increase in the Tranche A aggregate Revolver Commitments requested by the Lead Borrower and not accepted by the existing Tranche A Revolver Lenders (and the Lead Borrower may also invite additional Eligible Assignees Transferees to become Tranche A Revolver Lenders) (collectivelyeach, the an “Additional Commitment LendersLender”), provided, however, that without the consent of the AgentAgent (not to be unreasonably withheld, conditioned or delayed), at no time shall the Tranche A Revolver Commitment of any Additional Commitment Lender be less than $5,000,00010,000,000.
Appears in 1 contract
Samples: Loan, Guaranty and Security Agreement (Gordmans Stores, Inc.)
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 Issuing Bank 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 Revolving Commitments, or decline to increase their Tranche A Revolving Commitments to the amount requested by the Lead Borrower, the ArrangerAgent, 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 Aggregate Revolving 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) (collectivelyeach, the an “Additional Revolving Commitment LendersLender”), provided, however, that without the consent of the Agent, not to be unreasonably withheld, at no time shall the Tranche A Revolving Commitment of any Additional Revolving Commitment Lender be less than $5,000,00010,000,000.
Appears in 1 contract
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 Agent and the Swing Line SwingLine Lender (which approvals shall not be unreasonably withheld), to the extent that the existing Tranche A Lenders decline to increase their Tranche A Revolving Loan Commitments, or decline to increase their Tranche A Revolving Loan Commitments to the amount requested by the Lead Borrower, the ArrangerAgent, in consultation with the Lead Borrower, will use its reasonable efforts to arrange for other Eligible Assignees Persons 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 Revolving Loan 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 Persons to become Lenders subject to the Agent’s consent, which consent shall not be unreasonably withheld) (each such additional Person, together with any Lender which increases its Tranche A Lenders) (collectivelyRevolving Loan Commitment pursuant to this Section 1.7, the an “Additional Commitment LendersLender”), provided, however, that without the consent of the Agent, at no time shall the Tranche A Revolving Loan Commitment of any Additional Commitment Lender be less than $5,000,00010,000,000.
Appears in 1 contract
Samples: Loan and Security Agreement (Restoration Hardware Inc)
Notification by Agent; Additional Lenders. The 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 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 Agent and the Swing Line Lender (which approvals shall not be unreasonably withheld)Lender, to the extent that the existing Tranche A Lenders decline to increase their Tranche A Commitmentsrespective Revolving Commitment or outstanding portion of the Term Loan, as applicable, or decline to increase their Tranche A Commitments respective Revolving Commitment and outstanding portion of the Term Loan to the amount requested by the Lead Borrower, the ArrangerAgent, in consultation with the Lead Borrower, will use its reasonable efforts to arrange for other Eligible Assignees to become a Tranche A Revolving Lender and Term 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 Tranche A Commitments aggregate Revolving Commitment and the Term Loan 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 commitment of any Additional Commitment Lender be less than $5,000,000.
Appears in 1 contract
Samples: First Lien Credit Agreement (Sequential Brands Group, Inc.)
Notification by Agent; Additional Lenders. The 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 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 Agent and the Swing Line Lender (which approvals shall not be unreasonably withheld)Lender, to the extent that the existing Tranche A Lenders decline to increase their respective Revolving Commitment or outstanding portion of the Tranche A CommitmentsTerm Loan or the Tranche A-1 Term Loan, as applicable, or decline to increase their respective Revolving Commitment and outstanding portion of the Tranche A Commitments Term Loan or the Tranche A-1 Term Loan to the amount requested by the Lead Borrower, the ArrangerAgent, in consultation with the Lead Borrower, will use its reasonable efforts to arrange for other Eligible Assignees to become a Revolving Lender and Tranche A Term Lender or Tranche A-1 Term 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 Revolving Commitment and the Tranche A Commitments Term Loan and Tranche A-1 Term Loan 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, ; provided however, that without the consent of the Agent, at no time shall the Tranche A Commitment commitment of any Additional Commitment Lender be less than $5,000,000.
Appears in 1 contract
Samples: First Lien Credit Agreement (Sequential Brands Group, Inc.)