Common use of Request for Incremental Facility Clause in Contracts

Request for Incremental Facility. Upon notice (an “Incremental Facility Request”) to the Administrative Agent (who shall promptly notify the existing Lenders), the Borrower may, without the consent of any Lender, request to add one or more new incremental term loan facilities (each an “Incremental Facility”) in aggregate principal amount, which when added to the aggregate principal amount of all other Incremental Facilities outstanding does not exceed the Incremental Debt Cap; provided that (i) any such request for an Incremental Facility shall be in a minimum amount equal to the lesser of (x) $25,000,000 and (y) the entire amount that remains available for request under this Section 2.11 and (ii) the Borrower may make a maximum of five such requests.

Appears in 2 contracts

Samples: Credit Agreement (Contura Energy, Inc.), Credit Agreement (Contura Energy, Inc.)

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Request for Incremental Facility. Upon The Borrower may, by notice (an “Incremental Facility Request”) to the Administrative Agent (who shall promptly notify the existing Lenders), request the Borrower may, without the consent establishment of any Lender, request to add one or more new incremental term loan facilities commitments (each each, an “Incremental FacilityCommitment”) in aggregate principal amount, which when added the form of an increase to the Initial Facility up to an aggregate principal amount (for all such requests) that, when combined with the amount of all other Incremental Facilities outstanding does the Initial Facility, shall not exceed the Incremental Debt Cap$275,000,000; provided that (i) any such request for an Incremental Facility shall be in a minimum amount equal to of the lesser of (x) $25,000,000 10,000,000 and (y) the entire remaining amount that remains available for request under this Section 2.11 and (ii) the Borrower may shall make no more than a maximum total of five such requeststhree (3) requests for an Incremental Facility under this Section 2.17.

Appears in 2 contracts

Samples: Credit Agreement (Ascend Wellness Holdings, Inc), Credit Agreement

Request for Incremental Facility. Upon The Borrower may, by notice (an “Incremental Facility Request”) to the Administrative Agent (who shall promptly notify the existing Lenders), request the Borrower may, without the consent establishment of any Lender, request to add one or more new incremental term loan facilities commitments (each each, an “Incremental FacilityCommitment”) in pursuant to an Incremental Facility for an aggregate principal amountamount (for all such requests) not exceeding $600,000,000 (the Loans made pursuant to Incremental Commitments, which when added to the aggregate principal amount of all other Incremental Facilities outstanding does not exceed the Incremental Debt CapLoans”); provided that (i) any such request for an Incremental Facility shall be in a minimum amount equal to of the lesser of (x) $25,000,000 100,000,000 (or such lesser amount as may be approved by the Administrative Agent) and (y) the entire remaining amount that remains available for request under this Section 2.11 and (ii) the Borrower may shall make no more than a maximum total of five such requeststhree requests for an Incremental Facility under this Section.

Appears in 1 contract

Samples: 364 Day Term Loan Agreement (Becton Dickinson & Co)

Request for Incremental Facility. Upon notice (an “Incremental Facility Request”) to the Administrative Agent (who shall promptly notify the existing Lenders), the Borrower Borrowers may, without the consent of any Lender, request to add one or more new incremental term loan facilities (each an “Incremental Facility”) in aggregate principal amount, which when added to the aggregate principal amount of all other Incremental Facilities outstanding does not exceed the Incremental Debt Cap; provided that (i) any such request for an Incremental Facility shall be in a minimum amount equal to the lesser of (x) $25,000,000 and (y) the entire amount that remains available for request under this Section 2.11 and (ii) the Borrower Borrowers may make a maximum of five (5) such requests.

Appears in 1 contract

Samples: Credit Agreement (Contura Energy, Inc.)

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Request for Incremental Facility. Upon notice (an “Incremental Facility Request”) to the Administrative Agent (who shall promptly notify the existing Lenders), the Borrower may, without the consent of any Lender, request to add one or more new incremental term loan facilities (each an “Incremental Facility”) in aggregate principal amount, which when added to the aggregate principal amount of all other Incremental Facilities outstanding does not exceed the Incremental Debt Cap; provided that (i) any such request for an Incremental Facility shall be in a minimum amount equal to the lesser of (x) $25,000,000 and (y) the entire amount that remains available for request under this Section 2.11 and (ii) the Borrower may make a maximum of five two (2) such requests.

Appears in 1 contract

Samples: Credit Agreement (Contura Energy, Inc.)

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