Optional Increase of Commitments Sample Clauses
Optional Increase of Commitments. At any time following the Closing Date, the Company shall have the right, from time to time and upon not less than fifteen (15) Business Days (or such shorter period of time as agreed to by the Administrative Agent in its sole discretion) prior written notice to the Administrative Agent (which notice shall not obligate the Company to increase the Aggregate Commitment) to increase the Aggregate Commitment (each such increase, a “Facility Increase”); provided that:
(a) no Default or Event of Default shall have occurred and be continuing or would result from any such requested Facility Increase or borrowings thereunder;
(b) all representations and warranties contained herein and in the other Loan Documents shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of such Facility Increase and after giving effect thereto, except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and correct in all material respects on and as of such earlier date); provided that any representation or warranty that is qualified as to “materiality”, “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects on such respective dates;
(c) each Facility Increase shall be in an aggregate principal amount of at least $50,000,000 or a whole multiple of $10,000,000 in excess thereof;
(d) the aggregate amount of all Facility Increases made pursuant to this Section 2.7 shall not exceed $200,000,000;
(e) Facility Increases shall not increase or otherwise affect the Letter of Credit Limit or the Swingline Limit;
(f) the Commitment of any Lender shall not be increased without the approval of such Lender;
(g) in connection with each proposed Facility Increase, the Company may solicit commitments from (i) any Lender (provided that no Lender shall have an obligation to commit to all or a portion of the proposed Facility Increase) or (ii) Eligible Assignees that are reasonably acceptable to both the Administrative Agent and the Company;
(h) in the event that any existing Lender or any new lender commits to such requested Facility Increase, (i) any new lender will execute an accession agreement to this Agreement, (ii) the Commitment of any existing Lender that has committed to provide any of the requested i...
Optional Increase of Commitments. (a) At any time prior to the last Expiration of the 364-Day Revolver, as determined in accordance with Section 2.06(b), but in no event more than once during any consecutive twelve month period, the Borrowers shall have the right to increase the aggregate Commitments under the 364-Day Revolver in integral multiples of $25,000,000, but not to exceed $250,000,000 in the aggregate, by adding to the Agreement one or more other Banks, or by increasing the Commitments under the 364-Day Revolver of one or more existing Banks, in each case with the approval of the Agent, which approval shall not be unreasonably withheld. No existing Bank's Commitment under the 364-Day Revolver shall be increased without such Bank's written consent. The Borrowers shall not have the right to increase the 364-Day Revolver during the period, if any, from the last Expiration of the 364-Day Revolver, as determined in accordance with Section 2.06(b), to the Final Maturity, as determined in accordance with Section 2.06(a).