Common use of Request for Increase in Maximum Aggregate Commitment Clause in Contracts

Request for Increase in Maximum Aggregate Commitment. The Seller may from time to time request to the Administrative Agent for an increase in the Maximum Aggregate Commitment to a specified amount up to $400,000,000; provided that no Default has occurred that has not been cured before it has become an Event of Default, and no Event of Default has occurred that the Administrative Agent has not declared in writing to have been waived or cured. Upon receipt of such request, the Administrative Agent may request that one or more existing Buyers or new Buyers (which new Buyers are acceptable to the Seller) to provide increased Commitments to finance all or a portion of the requested increase. The Administrative Agent shall notify the Seller of such new and existing Buyers’ responses to requests for increased or new Commitments. Following such notice, to achieve the full amount of a requested increase, with the prior consent of the Administrative Agent, the Seller may invite additional new Buyers to provide such increase. No Buyer will have any obligation to increase its Committed Sum. If an increase in the Maximum Aggregate Commitment is achieved, then (a) the Pro Rata ownership interest in the Purchased Loans of each Buyer shall, following funding by the Buyers increasing their Commitment Sums or by the new Buyers, automatically be adjusted proportionately and (b) Schedule BC shall be updated and the update executed and delivered by the Administrative Agent to the Seller and each of the Buyers and, effective as of the date specified on such update, shall each automatically supersede and replace the then-existing corresponding schedule for all purposes.

Request for Increase in Maximum Aggregate Commitment. The If the Seller may from time to time shall request in writing to the Administrative Agent for an increase in the Maximum Aggregate Commitment to a specified amount up to One Hundred Fifty Million Dollars ($400,000,000150,000,000), the Agent shall use its best efforts to obtain increased Committed Sums from existing Buyers, new Commitments from prospective new Buyers or such combination thereof as the Agent shall elect, to achieve such requested increase; provided that (i) such written request by the Seller is delivered to the Agent at least ten (10) Business Days before the requested effective date of the increase and (ii) no Default has occurred that has not been cured before it has become an Event of Default, and no Event of Default has occurred that the Administrative Agent has not declared in writing to have been waived or cured. Upon receipt of such request, the Administrative Agent may request that one or more existing Buyers or new Buyers (which new Buyers are acceptable to the Seller) to provide increased Commitments to finance all or a portion of the requested increase. The Administrative Agent shall notify the Seller of such new and existing Buyers’ responses to requests for increased or new Commitments. Following such notice, to achieve the full amount of a requested increase, with the prior consent of the Administrative Agent, the Seller may invite additional new Buyers to provide such increase. No Buyer will have any obligation to increase its Committed Sum. If an increase in the Maximum Aggregate Commitment is achieved, then (ai) the Pro Rata ownership interest in the Purchased Loans of each Buyer (if any) that does not proportionately increase its Committed Sum shall, following funding by the Buyers increasing their Commitment Sums or by the new Buyers, automatically be reduced and adjusted proportionately and (bii) Schedule BC shall be updated and the update executed and delivered by the Administrative Agent to the Seller and each of the Buyers and, effective as of the date specified on such update, shall each automatically supersede and replace the then-existing corresponding schedule for all purposes.

Request for Increase in Maximum Aggregate Commitment. The If the Seller may from time to time shall request to the Administrative Agent for an increase in the Maximum Aggregate Commitment to a specified amount up to One Hundred Forty Million Dollars ($400,000,000140,000,000.00), the Agent shall use its best efforts to obtain increased Committed Sums from existing Buyers, new Commitments from prospective new Buyers or such combination thereof as the Agent shall elect, to achieve such requested increase; provided that no Default has occurred that has not been cured before it has become an Event of Default, and no Event of Default has occurred that the Administrative Seller has not cured or that the Agent has not declared in writing to have been waived or cured. Upon receipt of such request, the Administrative Agent may request that one or more existing Buyers or new Buyers (which new Buyers are acceptable to the Seller) to provide increased Commitments to finance all or a portion of the requested increase. The Administrative Agent shall notify the Seller of such new and existing Buyers’ responses to requests for increased or new Commitments. Following such notice, to achieve the full amount of a requested increase, in accordance with the prior consent of the Administrative Agent, the Seller may invite additional new Buyers to provide such increaseSection 22. No Buyer will have any obligation to increase its Committed Sum. If an increase in the Maximum Aggregate Commitment is achieved, then (a) the Pro Rata ownership interest in the Purchased Loans of each Buyer shall, following funding by the Buyers increasing their Commitment Sums or by the new Buyers, automatically be adjusted proportionately and (b) Schedule BC shall be updated and the update executed and delivered by the Administrative Agent to the Seller and each of the Buyers and, effective as of the date specified on such update, shall each automatically supersede and replace the then-existing corresponding schedule for all purposes.

Request for Increase in Maximum Aggregate Commitment. The If the Seller may from time to time shall request to the Administrative Agent for an increase in the Maximum Aggregate Commitment to a specified amount up to One Hundred Fifty Million Dollars ($400,000,000150,000,000), the Agent shall use its best efforts to obtain increased Committed Sums from existing Buyers, new Commitments from prospective new Buyers or such combination thereof as the Agent shall elect, to achieve such requested increase; provided that no Default has occurred that has not been cured before it has become an Event of Default, and no Event of Default has occurred that the Administrative Agent has not declared in writing to have been waived or cured. Upon receipt of such request, the Administrative Agent may request that one or more existing Buyers or new Buyers (which new Buyers are acceptable to the Seller) to provide increased Commitments to finance all or a portion of the requested increase. The Administrative Agent shall notify the Seller of such new and existing Buyers’ responses to requests for increased or new Commitments. Following such notice, to achieve the full amount of a requested increase, with the prior consent of the Administrative Agent, the Seller may invite additional new Buyers to provide such increase. No Buyer will have any obligation to increase its Committed Sum. If an increase in the Maximum Aggregate Commitment is achieved, then (ai) the Pro Rata ownership interest in the Purchased Loans of each Buyer shall, following funding by the Buyers increasing their Commitment Sums or by the new Buyers, automatically be adjusted proportionately and (bii) Schedule BC shall be updated and the update executed and delivered by the Administrative Agent to the Seller and each of the Buyers and, effective as of the date specified on such update, shall each automatically supersede and replace the then-existing corresponding schedule for all purposes.

Request for Increase in Maximum Aggregate Commitment. The If the Seller may from time to time shall request in writing to the Administrative Agent for an increase in the Maximum Aggregate Commitment to a specified amount up to One Hundred Twenty Five Million Dollars ($400,000,000125,000,000), the Agent shall use its best efforts to obtain increased Committed Sums from existing Buyers, new Commitments from prospective new Buyers or such combination thereof as the Agent shall elect, to achieve such requested increase; provided that (i) such written request by the Seller is delivered to the Agent at least ten (10) Business Days before the requested effective date of the increase and (ii) no Default has occurred that has not been cured before it has become an Event of Default, and no Event of Default has occurred that the Administrative Agent has not declared in writing to have been waived or cured. Upon receipt of such request, the Administrative Agent may request that one or more existing Buyers or new Buyers (which new Buyers are acceptable to the Seller) to provide increased Commitments to finance all or a portion of the requested increase. The Administrative Agent shall notify the Seller of such new and existing Buyers’ responses to requests for increased or new Commitments. Following such notice, to achieve the full amount of a requested increase, with the prior consent of the Administrative Agent, the Seller may invite additional new Buyers to provide such increase. No Buyer will have any obligation to increase its Committed Sum. If an increase in the Maximum Aggregate Commitment is achieved, then (ai) the Pro Rata ownership interest in the Purchased Loans of each Buyer (if any) that does not proportionately increase its Committed Sum shall, following funding by the Buyers increasing their Commitment Sums or by the new Buyers, automatically be reduced and adjusted proportionately and (bii) Schedule BC shall be updated and the update executed and delivered by the Administrative Agent to the Seller and each of the Buyers and, effective as of the date specified on such update, shall each automatically supersede and replace the then-existing corresponding schedule for all purposes.