Common use of Requests for Additional Commitments Clause in Contracts

Requests for Additional Commitments. So long as no Specified Default exists or would arise therefrom, at any time and from time to time on or following the Additional Closing Date Commitment Termination Date and prior to the Maturity Date, subject to the terms and conditions set forth herein, the Borrower Representative may (on behalf of the Borrowers), by notice to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders), request to add additional Commitments under the Facility or provide commitments under a new revolving credit facility to be included under the Facility (which may be in the form of a FILO Tranche) (the “Additional Commitments”). Any Additional Commitments shall be in an aggregate principal amount that is not less than $25.0 million or any whole multiple of $5.0 million in excess thereof. It is understood and agreed that (i) any Additional Commitments (whether consisting of additional Commitments under the Facility or under a new revolving credit facility included under the Facility) shall constitute Commitments, (ii) the Commitment Percentage of any Lender providing an Additional Commitment shall be calculated to include such Additional Commitment to the extent then outstanding and (iii) any Additional Loans made by any Lender pursuant to any Additional Commitment (whether consisting of additional Commitments under the Facility or under a new revolving credit facility included under the Facility) shall be included for purposes of calculating Aggregate Outstanding Revolving Credit to the extent then outstanding.

Appears in 2 contracts

Samples: Abl Credit Agreement (US Foods Holding Corp.), Abl Credit Agreement (US Foods Holding Corp.)

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Requests for Additional Commitments. So long as no Specified Default exists or would arise therefrom, at any time and from time to time on or following after the Additional Closing Date Commitment Termination Date and prior to the Maturity Fourth Restatement Effective Date, subject to the terms and conditions set forth herein, the Lead Borrower Representative may (on behalf of the Borrowers), by notice to the Administrative Agent Agent, request (whereupon the Administrative Agent shall promptly deliver a copy to each i) an increase of the Lenders), request to add additional Commitments under Tranche A Commitment and/or the Facility Tranche A-1 Commitment or provide commitments under a the making of any new revolving credit facility to be included under the Facility hereunder (which provided, however, that no new revolving credit facility may be provided hereunder so long as the Tranche A Commitments and the Tranche A-1 Commitments remain in the form of a FILO Trancheeffect) (“Additional Revolving Commitments”) and/or (ii) add a new term loan credit facility to be included under this Agreement (the “Additional Term Loan Commitments”; the Additional Revolving Commitments and the Additional Term Loan Commitments, the “Additional Commitments”; any Loans made under or pursuant to any Additional Revolving Commitments, the “Additional Revolving Loans”; any Loans made pursuant to any Additional Term Loan Commitments, the “Additional Term Loans”; Additional Revolving Loans and Additional Term Loans, collectively, the “Additional Loans”). Any Each Additional Commitments Commitment shall be in an aggregate principal amount that is not less than $25.0 million or any whole multiple 25,000,000 (provided that such amount may be less than $25,000,000 if such amount represents all remaining availability under the limit set forth in the next sentence). Notwithstanding anything to the contrary herein, the aggregate amount of $5.0 million in excess thereof. It is understood and agreed that (i) any the Additional Commitments (whether consisting of additional Commitments under consummated, effected, or given effect after the Facility or under a new revolving credit facility included under Fourth Restatement Effective Date shall not exceed the Facility) Available Incremental Amount and no Designated Tranche A Increase shall constitute Commitments, (ii) the Commitment Percentage of any Lender providing an Additional Commitment shall be calculated to include such Additional Commitment to the extent then outstanding and (iii) any Additional Loans made by any Lender pursuant to any Additional Commitment (whether consisting of additional Commitments under the Facility or under a new revolving credit facility included under the Facility) shall be included for purposes of calculating Aggregate Outstanding Revolving Credit to the extent then outstandingCommitment.

Appears in 2 contracts

Samples: Credit Agreement (Performance Food Group Co), Credit Agreement (Performance Food Group Co)

Requests for Additional Commitments. So long as no Specified Default exists or would arise therefrom, at any time and from time to time on or following after the Additional Closing Date Commitment Termination Date and prior to the Maturity Third Restatement Effective Date, subject to the terms and conditions set forth herein, the Lead Borrower Representative may (on behalf of the Borrowers), by notice to the Administrative Agent Agent, request (whereupon the Administrative Agent shall promptly deliver a copy to each i) an increase of the Lenders), request to add additional Commitments under Tranche A Commitment and/or the Facility Tranche A-1 Commitment or provide commitments under a the making of any new revolving credit facility to be included under the Facility hereunder (which provided, however, that no new revolving credit facility may be provided hereunder so long as the Tranche A Commitments and the Tranche A-1 Commitments remain in the form of a FILO Trancheeffect) (“Additional Revolving Commitments”) and/or (ii) add a new term loan credit facility to be included under this Agreement (the “Additional Term Loan Commitments”; the Additional Revolving Commitments and the Additional Term Loan Commitments, the “Additional Commitments”; any Loans made under or pursuant to any Additional Revolving Commitments, the “Additional Revolving Loans”; any Loans made pursuant to any Additional Term Loan Commitments, the “Additional Term Loans”; Additional Revolving Loans and Additional Term Loans, collectively, the “Additional Loans”). Any Each Additional Commitments Commitment shall be in an aggregate principal amount that is not less than $25.0 million or any whole multiple 25,000,000 (provided that such amount may be less than $25,000,000 if such amount represents all remaining availability under the limit set forth in the next sentence). Notwithstanding anything to the contrary herein, the aggregate amount of $5.0 million in excess thereof. It is understood and agreed that (i) any the Additional Commitments (whether consisting of additional Commitments under consummated, effected, or given effect after the Facility or under a new revolving credit facility included under Third Restatement Effective Date shall not exceed the Facility) shall constitute Commitments, (ii) the Commitment Percentage of any Lender providing an Additional Commitment shall be calculated to include such Additional Commitment to the extent then outstanding and (iii) any Additional Loans made by any Lender pursuant to any Additional Commitment (whether consisting of additional Commitments under the Facility or under a new revolving credit facility included under the Facility) shall be included for purposes of calculating Aggregate Outstanding Revolving Credit to the extent then outstandingAvailable Incremental Amount.

Appears in 1 contract

Samples: Credit Agreement (Performance Food Group Co)

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Requests for Additional Commitments. So long as no Specified Default exists or would arise therefrom, at any time and from time to time on or following the Additional Closing Date Commitment Termination Date and prior to the Maturity Date, subject to the terms and conditions set forth herein, the Borrower Representative may (on behalf of the Borrowers), by notice to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders), request to add additional Tranche A Commitments under the Facility or provide commitments under a new revolving credit facility to be included under the Facility (which may be in the form of a FILO Tranche) (the “Additional Commitments”). Any Additional Commitments shall be in an aggregate principal amount that is not less than $25.0 million or any whole multiple of $5.0 million in excess thereof. It is understood and agreed that (i) any Additional Commitments (whether consisting of additional Tranche A Commitments under the Facility or under a new revolving credit facility to be included under the Facility) shall constitute Tranche A Commitments, (ii) the Tranche A Commitment Percentage of any Lender providing an Additional Commitment shall be calculated to include such Additional Commitment to the extent then outstanding outstanding, and (iii) any Additional Loans made by any Lender pursuant to any Additional Commitment (whether consisting of additional Tranche A Commitments under the Facility or under a new revolving credit facility included under the Facility) shall constitute Tranche A Loans, and the Outstanding Tranche A Credit shall be included for purposes of calculating Aggregate Outstanding Revolving Credit calculated to include any such Additional Loans to the extent then outstanding.

Appears in 1 contract

Samples: Abl Credit Agreement (Us Foods, Inc.)

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