Common use of Requests for Commitment Increase Clause in Contracts

Requests for Commitment Increase. Borrower may, at any time after the Closing Date, propose that the Total Commitment hereunder be increased (each such proposed increase being a “Commitment Increase”) by having an existing Lender agree to increase its then existing Commitment (each an “Increasing Lender”) and/or by adding as a new Lender hereunder any Person which shall agree to provide a Commitment hereunder (each an “Assuming Lender”), in each case with the consent of Administrative Agent, each LC Issuing Bank and each Swingline Lender (such consent, in each case, not to be unreasonably withheld), by notice to Administrative Agent specifying the amount of the relevant Commitment Increase, the Lender or Lenders providing for such Commitment Increase and the date on which such increase is to be effective (the “Commitment Increase Date”), which shall be a Banking Day at least three Banking Days after delivery of such notice and 30 days prior to the Maturity Date; provided that:

Appears in 8 contracts

Samples: Credit Agreement (Tampa Electric Co), Assignment and Assumption (Tampa Electric Co), Assignment and Assumption (Tampa Electric Co)

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Requests for Commitment Increase. The Borrower may, at any time after the Closing Date(but in no event more than three times), propose that the Total Aggregate Commitment hereunder be increased (each such proposed increase being a “Commitment Increase”) by having an existing Lender agree to increase its then existing Commitment (each an “Increasing Lender”) and/or by adding as a new Lender hereunder any Person identified by the Borrower which shall agree to provide a Commitment hereunder (each an “Assuming Lender”), in each case with the consent of the Administrative Agent, each LC Agent and the Issuing Bank and each Swingline Lender (such consent, consent in each case, case not to be unreasonably withheld), by notice to the Administrative Agent specifying the amount of the relevant Commitment Increase, the Lender or Lenders providing for such Commitment Increase and the date on which such increase is to be effective (the “Commitment Increase Date”), which shall be a Banking Business Day at least three Banking Business Days after delivery of such notice and 30 days prior to the Maturity Commitment Termination Date; provided that:

Appears in 4 contracts

Samples: Credit Agreement (Griffon Corp), Guarantee and Collateral Agreement (Griffon Corp), Credit Agreement (Griffon Corp)

Requests for Commitment Increase. Borrower may, at any time after the Closing Datetime, propose that the Total Commitment Commitments hereunder be increased (each such proposed increase being a “Commitment Increase”) by having an existing Lender agree to increase its then existing Commitment (each an “Increasing Lender”) and/or by adding as a new Lender hereunder any Person which shall agree to provide a Commitment hereunder (each an “Assuming Lender”), in each case with the consent of Administrative Agent, each LC Issuing Bank and each Swingline Lender Agent (such consent, in each case, consent not to be unreasonably withheld)) and each LC Issuing Bank, by notice to Administrative Agent specifying the amount of the relevant Commitment Increase, the Lender or Lenders providing for such Commitment Increase and the date on which such increase is to be effective (the “Commitment Increase Date”), which shall be a Banking Day at least three Banking Days after delivery of such notice and 30 days prior to the Maturity Date; provided that:

Appears in 4 contracts

Samples: Credit Agreement (Tampa Electric Co), Credit Agreement (Tampa Electric Co), Credit Agreement (Tampa Electric Co)

Requests for Commitment Increase. The Borrower may, at any time after the Closing Date(but in no event more than three times), propose that the Total Aggregate Commitment hereunder be increased (each such proposed increase being a “Commitment Increase”) by having an existing Lender agree to increase its then existing Commitment (each each, an “Increasing Lender”) and/or by adding as a new Lender hereunder any Person identified by the Borrower which shall agree to provide a Commitment hereunder (each each, an “Assuming Lender”), in each case with the consent of the Administrative Agent, each LC Issuing Bank Agent and each Swingline Issuing Lender (such consent, consent in each case, case not to be unreasonably withheld), by notice to the Administrative Agent specifying the amount of the relevant Commitment Increase, the Lender or Lenders providing for such Commitment Increase and the date on which such increase is to be effective (the “Commitment Increase Date”), which shall be a Banking Business Day at least three Banking Business Days after delivery of such notice and 30 days prior to the Maturity Commitment Termination Date; provided that:

Appears in 3 contracts

Samples: Credit Agreement (Griffon Corp), Credit Agreement (Griffon Corp), Credit Agreement (Griffon Corp)

Requests for Commitment Increase. Borrower may, at any time after the Closing Effective Date, propose that the Total Commitment hereunder be increased (each such proposed increase being a “Commitment Increase”) by having an existing Lender agree to increase its then existing Commitment (each an “Increasing Lender”) and/or by adding as a new Lender hereunder any Person which shall agree to provide a Commitment hereunder (each an “Assuming Lender”), in each case with the consent of Administrative Agent, each LC Issuing Bank and each Swingline Lender (such consent, in each case, not to be unreasonably withheld), by notice to Administrative Agent specifying the amount of the relevant Commitment Increase, the Lender or Lenders providing for such Commitment Increase and the date on which such increase is to be effective (the “Commitment Increase Date”), which shall be a Banking Day at least three Banking Days after delivery of such notice and 30 days prior to the Maturity Date; provided that:

Appears in 2 contracts

Samples: Assignment and Assumption (Tampa Electric Co), Assignment and Assumption (Teco Energy Inc)

Requests for Commitment Increase. Borrower may, at any time after the Closing Signing Date, propose that the Total Commitment hereunder be increased (each such proposed increase being a “Commitment Increase”) by having an existing Lender agree to increase its then existing Commitment (each an “Increasing Lender”) and/or by adding as a new Lender hereunder any Person which shall agree to provide a Commitment hereunder (each an “Assuming Lender”), in each case with the consent of Administrative Agent, each LC Issuing Bank and each Swingline Lender (such consent, in each case, not to be unreasonably withheld), by notice to Administrative Agent specifying the amount of the relevant Commitment Increase, the Lender or Lenders providing for such Commitment Increase and the date on which such increase is to be effective (the “Commitment Increase Date”), which shall be a Banking Day at least three Banking Days after delivery of such notice and 30 days prior to the Maturity Date; provided that:

Appears in 1 contract

Samples: Assignment and Assumption (Tampa Electric Co)

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Requests for Commitment Increase. Borrower may, at any time after the Closing Date, propose that the Total Commitment hereunder be increased (each such proposed increase being a “Commitment Increase”) by having an existing Lender agree to increase its then existing Commitment (each an “Increasing Lender”) and/or by adding as a new Lender hereunder any Person which shall agree to provide a Commitment hereunder (each an “Assuming Lender”), in each case with the consent of Administrative Agent, each LC Issuing Bank and each Swingline Lender (such consent, in each case, not to be unreasonably withheld), by notice to Administrative Agent specifying the amount of the relevant Commitment Increase, the Lender or Lenders providing for such Commitment Increase and the date on which such increase is to be effective (the “Commitment Increase Date”), which shall be a Banking Day at least three Banking Days after delivery of such notice and 30 days prior to the Maturity Date; provided that:

Appears in 1 contract

Samples: Assignment and Assumption (Tampa Electric Co)

Requests for Commitment Increase. The Borrower may, at any time after the Closing Date(but in no event more than three times), propose that the Total Aggregate Commitment hereunder be increased (each such proposed increase being a “Commitment Increase”) by having an existing Lender agree to increase its then existing Commitment (each an “Increasing Lender”) and/or by adding as a new Lender hereunder any Person identified by the Borrower which shall agree to provide a Commitment hereunder (each an “Assuming Lender”), in each case with the consent of the Administrative Agent, each LC Issuing Bank Agent and each Swingline Issuing Lender (such consent, consent in each case, case not to be unreasonably withheld), by notice to the Administrative Agent specifying the amount of the relevant Commitment Increase, the Lender or Lenders providing for such Commitment Increase and the date on which such increase is to be effective (the “Commitment Increase Date”), which shall be a Banking Business Day at least three Banking Business Days after delivery of such notice and 30 days prior to the Maturity Commitment Termination Date; provided that:

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Griffon Corp)

Requests for Commitment Increase. Borrower The Company may, at any time after the Closing Datetime, propose that the Total Commitment Dollar Sub-Commitments hereunder be increased (each such proposed increase being a “Commitment Increase”) by having an existing Dollar Lender agree to increase its then existing Dollar Sub-Commitment (each an “Increasing Lender”) and/or by adding as a new Lender hereunder any Person which shall agree to provide a Dollar Sub-Commitment hereunder (each an “Assuming Lender”), in each case with the consent of the Administrative Agent, each LC Issuing Bank Lender and each the Swingline Lender (such consent, consent in each case, case not to be unreasonably withheld), by notice to the Administrative Agent specifying the amount of the relevant Commitment Increase, the Lender or Lenders providing for such Commitment Increase and the date on which such increase is to be effective (the “Commitment Increase Date”), which shall be a Banking Business Day at least three Banking Business Days after delivery of such notice and 30 days prior to the Maturity Dollar Sub-Commitment Termination Date; provided that:

Appears in 1 contract

Samples: Credit Agreement (Brunswick Corp)

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