Common use of Requests for Increase by Borrower Clause in Contracts

Requests for Increase by Borrower. The Borrower may, at any time, request that the Commitments hereunder of a Class of Commitments be increased (each such proposed increase being a “Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon notice to the Administrative Agent (who shall promptly notify the Lenders), which notice shall specify each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase is to be effective (the “Commitment Increase Date”), which shall be a Business Day at least three Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and 30 days prior to the Extended Commitment Termination Date; provided that:

Appears in 6 contracts

Samples: Senior Secured Revolving Credit Agreement (Sixth Street Specialty Lending, Inc.), Credit Agreement (TPG Specialty Lending, Inc.), Credit Agreement (TPG Specialty Lending, Inc.)

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Requests for Increase by Borrower. The Borrower mayshall have the right, at any timetime on or after the Effective Date but prior to the Commitment Termination Date, request to propose that the Revolving Commitments hereunder of a Class hereunder be increased or a new Class of Incremental Term Commitments be increased created (each such proposed increase or creation being a “Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon by notice to the Administrative Agent (who shall promptly notify the Lenders)Agent, which notice shall specify specifying each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase or creation, as applicable, is to be effective (the “Commitment Increase Date”), which shall be a Business Day at least three (3) Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and 30 at least thirty (30) days prior to the Extended Commitment Termination Date; provided that no Lender shall be obligated to provide any increased Commitment; provided, further that:

Appears in 6 contracts

Samples: Senior Secured Credit Agreement (Blue Owl Technology Finance Corp.), Secured Revolving Credit Agreement (Goldman Sachs Private Credit Corp.), Senior Secured Credit Agreement (BlackRock Private Credit Fund)

Requests for Increase by Borrower. The Borrower mayshall have the right, at any timetime after the Effective Date but prior to the Commitment Termination Date, request to propose that the Revolving Commitments hereunder of a Class hereunder be increased or a new Class of Incremental Term Commitments be increased created (each such proposed increase or creation being a “Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon by notice to the Administrative Agent (who shall promptly notify the Lenders)Agent, which notice shall specify specifying each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase or creation, as applicable, is to be effective (the “Commitment Increase Date”), which shall be a Business Day at least three (3) Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and 30 at least thirty (30) days prior to the Extended Commitment Termination Date; provided that no Lender shall be obligated to provide any increased Commitment; provided, further that:

Appears in 6 contracts

Samples: Senior Secured Credit Agreement (Blue Owl Technology Income Corp.), Senior Secured Credit Agreement (Blue Owl Technology Finance Corp. II), Senior Secured Credit Agreement (Blue Owl Technology Income Corp.)

Requests for Increase by Borrower. The Borrower mayshall have the right, at any timetime after the Effective Date but prior to the Commitment Termination Date, request to propose that the Commitments hereunder of a Class hereunder be increased or a new Class of Incremental Term Commitments be increased created (each such proposed increase or creation being a “Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon by notice to the Administrative Agent (who shall promptly notify the Lenders)Agent, which notice shall specify specifying each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase or creation, as applicable, is to be effective (the “Commitment Increase Date”), which shall be a Business Day at least three (3) Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and 30 at least thirty (30) days prior to the Extended Commitment Termination Date; provided that no Lender shall be obligated to provide any increased Commitment; provided, further that:

Appears in 4 contracts

Samples: Senior Secured Credit Agreement (Blackstone Secured Lending Fund), Senior Secured Credit Agreement (Blackstone Private Credit Fund), Senior Secured Credit Agreement (Blackstone Private Credit Fund)

Requests for Increase by Borrower. The Borrower may, at any timetime prior to the Revolver Termination Date, request propose that the Commitments hereunder of a Class of Commitments be increased (each such proposed increase being a “Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon by notice to the Administrative Agent (who shall promptly notify the Lenders), which notice shall specify specifying each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase is to be effective (the “Commitment Increase Date”), which date shall be a Business Day at least three Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and at least 30 days prior to the Extended Commitment Revolver Termination Date; provided that each Lender may determine in its sole discretion whether or not it chooses to participate in a Commitment Increase; provided, further that, subject to the foregoing, each Commitment Increase shall become effective only upon satisfaction of the following conditions:

Appears in 3 contracts

Samples: Secured Revolving Credit Agreement (Capitala Finance Corp.), Senior Secured Revolving Credit Agreement (Capitala Finance Corp.), Secured Revolving Credit Agreement (Capitala Finance Corp.)

Requests for Increase by Borrower. The Borrower mayshall have the right, at any timetime after the Effective Date but prior to the applicable Commitment Termination Date, request to propose that the Commitments hereunder of a Class hereunder be increased or a new Class of Incremental Term Commitments be increased created (each such proposed increase or creation being a “Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon by notice to the Administrative Agent (who shall promptly notify the Lenders)Agent, which notice shall specify specifying each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase or creation, as applicable, is to be effective (the “Commitment Increase Date”), which shall be a Business Day at least three (3) Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and 30 at least thirty (30) days prior to the Extended applicable Commitment Termination Date; provided that no Lender shall be obligated to provide any increased Commitment; provided, further that:

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (Blackstone Secured Lending Fund), Senior Secured Credit Agreement (Blackstone Private Credit Fund)

Requests for Increase by Borrower. The Borrower may, at any timetime prior to the Maturity Date, request that and subject to the conditions set forth below in this clause (i), elect to increase the Commitments hereunder of a Class of Commitments be increased (each such proposed increase election being a “Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon by notice to the Administrative Agent (who shall promptly notify the Lenders), which notice shall specify specifying each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase is to be effective (the “Commitment Increase Date”), which date shall be a Business Day at least three (3) Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and 30 at least thirty (30) days prior to the Extended Commitment Termination Maturity Date; provided that each Lender may determine in its sole discretion whether or not it chooses to participate in a Commitment Increase; and provided, further that, subject to the foregoing, each Commitment Increase shall become effective only upon satisfaction of each of the following conditions:

Appears in 2 contracts

Samples: Credit Agreement (FIDUS INVESTMENT Corp), Senior Secured (FIDUS INVESTMENT Corp)

Requests for Increase by Borrower. The Borrower mayshall have the right, at any timetime after the Effective Date but prior to the Revolving Facility Commitment Termination Date, request to propose that the Commitments hereunder of a Class of Commitments hereunder be increased on a pro rata basis between the Revolving Commitments (of the Class or Classes selected by the Borrower) and the Term Loan Commitments based on the respective amounts of Revolving Commitments and Term Loans outstanding at such time (each such proposed increase being a “Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon by notice to the Administrative Agent (who shall promptly notify the Lenders)Agent, which notice shall specify specifying each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase is to be effective (the “Commitment Increase Date”), which shall be a Business Day at least three Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and 30 days prior to the Extended Commitment Termination Datenotice; provided that:

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (FS Energy & Power Fund), Senior Secured Credit Agreement (FS Energy & Power Fund)

Requests for Increase by Borrower. The Borrower may, at any time, request that the Commitments hereunder of a Class of Commitments be increased (each such proposed increase being a “Commitment Increase”) (provided that in no event shall the Commitments of a Class of Non-Extended Loans Extending Lender be increased hereunder), ) upon notice to the Administrative Agent (who shall promptly notify the Lenders), which notice shall specify each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase is to be effective (the “Commitment Increase Date”), which shall be a Business Day at least three Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and 30 days prior to the Extended Commitment Termination Date; provided that:

Appears in 2 contracts

Samples: Secured Revolving Credit Agreement (Owl Rock Capital Corp), Senior Secured Revolving Credit Agreement (Owl Rock Capital Corp)

Requests for Increase by Borrower. The Borrower may, at any time, request that the Revolving Commitments hereunder of a Class be increased or a new Class of Incremental Term Commitments be increased created (each such proposed increase or creation being a “Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon notice to the Administrative Agent (who shall promptly notify the Lenders), which notice shall specify each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase or creation, as applicable, is expected to be effective (the date of actual effectiveness, the “Commitment Increase Date”), which shall be a Business Day at least three (3) Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and 30 at least thirty (30) days prior to the Extended Commitment Termination Date; provided that:

Appears in 2 contracts

Samples: Credit Agreement (AB Private Lending Fund), Credit Agreement (Barings Private Credit Corp)

Requests for Increase by Borrower. The Borrower mayshall have the right, at any timetime on or after the Effective Date but prior to the Extended Commitment Termination Date, request to propose that the Commitments hereunder of a Class of Commitments hereunder be increased (each such proposed increase being a “Commitment Increase”) (provided that in no event shall the Commitments of a Class of Non-Extended Loans Extending Lender be increased hereunder), upon ) by notice to the Administrative Agent (who shall promptly notify the Lenders)Agent, which notice shall specify specifying each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase is to be effective (the “Commitment Increase Date”), which shall be a Business Day at least three (3) Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and 30 at least thirty (30) days prior to the Extended Commitment Termination Date; provided that no Lender shall be obligated to provide any increased Commitment; provided, further that:

Appears in 2 contracts

Samples: Secured Revolving Credit Agreement (Blue Owl Capital Corp), Senior Secured Revolving Credit (Owl Rock Capital Corp)

Requests for Increase by Borrower. The Borrower may, at any timetime prior to the Maturity Date, request that and subject to the conditions set forth below in this clause (i), elect to increase the Commitments hereunder of a Class of Commitments be increased (each such proposed increase election being a “Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon by notice to the Administrative Agent (who shall promptly notify the Lenders), which notice shall specify specifying each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase is to be effective (the “Commitment Increase Date”), which date shall be a Business Day at least three Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and at least 30 days prior to the Extended Commitment Termination Maturity Date; provided that each Lender may determine in its sole discretion whether or not it chooses to participate in a Commitment Increase; and provided, further that, subject to the foregoing, each Commitment Increase shall become effective only upon satisfaction of each of the following conditions:

Appears in 2 contracts

Samples: Secured Revolving Credit Agreement (FIDUS INVESTMENT Corp), Senior Secured (FIDUS INVESTMENT Corp)

Requests for Increase by Borrower. The Borrower mayshall have the right, at any timetime on or after the Effective Date but prior to the Extended Commitment Termination Date, request to propose that the Revolving Commitments hereunder of a Class hereunder be increased or a new Class of Incremental Term Commitments be increased created (each such proposed increase or creation being a “Commitment Increase”) (provided that in no event shall the Commitments of a Class of Non-Extended Loans Extending Lender be increased hereunder), upon ) by notice to the Administrative Agent (who shall promptly notify the Lenders)Agent, which notice shall specify specifying each existing Extending Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase or creation, as applicable, is to be effective (the “Commitment Increase Date”), which shall be a Business Day at least three (3) Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and 30 at least thirty (30) days prior to the Extended Commitment Termination Date; provided that no Lender shall be obligated to provide any increased Commitment; provided, further that:

Appears in 2 contracts

Samples: Credit Agreement (Blue Owl Credit Income Corp.), Credit Agreement (Blue Owl Credit Income Corp.)

Requests for Increase by Borrower. The Borrower may, at any time, request that the Commitments hereunder of a Class of Commitments be increased (each such proposed increase being a “Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon notice to the Administrative Agent (who shall promptly notify the Lenders), which notice shall specify each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase is expected to be effective (the date of actual effectiveness, the “Commitment Increase Date”), which shall be a Business Day at least three Business Days (or such lesser shorter period as the Administrative Agent may reasonably agree) after delivery of such notice and at least 30 days prior to the Extended Commitment Termination Date; provided that:

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Morgan Stanley Direct Lending Fund)

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Requests for Increase by Borrower. The Borrower may, at any timetime prior to the Term Loan Maturity Date, request on not more than two occasions on or after the Effective Date (counted to include each occasion of establishment of Incremental Facility Commitments and each Revolving Credit Commitment Increase) propose that the Commitments hereunder of a Class of Term Loan Commitments be increased (each such proposed increase being a “Term Loan Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon by notice to the Administrative Agent (who shall promptly notify the Lenders)Agent, which notice shall specify specifying each existing Term Loan Lender (each an “Increasing Term Loan Lender”) and/or each additional lender (each an “Assuming Term Loan Lender”) that shall have agreed to an additional Term Loan Commitment and the date on which such increase is to be effective (the date on which all the conditions set forth in this Section 2.08(f) have been satisfied, the Term Loan Commitment Increase Effective Date”), which shall be a Business Day at least three Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and 30 days prior to the Extended Commitment Termination Term Loan Maturity Date; provided that:

Appears in 1 contract

Samples: Credit Agreement (Krispy Kreme Doughnuts Inc)

Requests for Increase by Borrower. The Borrower may, at any time, request that the Commitments hereunder of a Class of Commitments be increased (each such proposed increase being 46 Revolving Credit Agreement US-DOCS\81066382.481066382.11 #4821-5428-0772 a “Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon notice to the Administrative Agent (who shall promptly notify the Lenders), which notice shall specify the time period within which each Lender is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Lenders (or such lesser period as the Administrative Agent may reasonably agree)). Any Lender not responding within such time period shall be deemed to have declined to increase its Commitment. The Borrower shall provide notice to the Administrative Agent specifying each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase is to be effective (the “Commitment Increase Date”), which shall be a Business Day at least three Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and 30 days prior to the Extended Commitment Termination Date; provided that:

Appears in 1 contract

Samples: Guarantee and Security Agreement (TCG Bdc, Inc.)

Requests for Increase by Borrower. The Borrower may, at any time, request that the Commitments hereunder of a Class of Commitments be increased (each such proposed increase being a “Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon notice to the Administrative Agent (who shall promptly notify the Lenders), which notice shall specify each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase is to be effective (the “Commitment Increase Date”), which shall be a Business Day at least three Business Days (or such lesser shorter period as the Administrative Agent may reasonably agree) after delivery of such notice and at least 30 days prior to the Extended Commitment Termination Date; provided that:

Appears in 1 contract

Samples: Revolving Credit Agreement (Morgan Stanley Direct Lending Fund)

Requests for Increase by Borrower. The Borrower may, at any time, request that the Commitments hereunder of a Class of Commitments be increased (each such proposed increase being a “Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon notice to the Administrative Agent (who shall promptly notify the Lenders), which notice shall specify each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase is expected to be effective (the date of actual effectiveness, the “Commitment Increase Date”), which shall be a Business Day at least three (3) Business Days (or such lesser shorter period as the Administrative Agent may reasonably agree) after delivery of such notice and at least 30 days prior to the Extended Commitment Termination Date; provided that:

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Sixth Street Specialty Lending, Inc.)

Requests for Increase by Borrower. The Borrower mayshall have the right, at any timetime on or after the Effective Date but prior to the Commitment Termination Date, request to propose that the Revolving Commitments hereunder of a Class hereunder be increased or a new Class of Incremental Term Commitments be increased created (each such proposed increase or creation being a “Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon by notice to the Administrative Agent (who shall promptly notify the Lenders)Agent, which notice shall specify specifying each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase or creation, as applicable is to be effective (the “Commitment Increase Date”), which shall be a Business Day at least three (3) Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and 30 at least thirty (30) days prior to the Extended Commitment Termination Date; provided that no Lender shall be obligated to provide any increased Commitment; provided, further that:

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Goldman Sachs Middle Market Lending Corp. II)

Requests for Increase by Borrower. The Borrower may, at any time, request that the Commitments hereunder of a Class of Commitments be increased (each such proposed increase being a “Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon notice to the Administrative Agent (who shall promptly notify the Lenders), which notice shall specify the time period within which each Lender is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Lenders (or such lesser 44 Revolving Credit Agreement period as the Administrative Agent may reasonably agree)). Any Lender not responding within such time period shall be deemed to have declined to increase its Commitment. The Borrower shall provide notice to the Administrative Agent specifying each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase is to be effective (the “Commitment Increase Date”), which shall be a Business Day at least three Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and 30 days prior to the Extended Commitment Termination Date; provided that:

Appears in 1 contract

Samples: Senior Secured (Carlyle GMS Finance, Inc.)

Requests for Increase by Borrower. The Borrower mayshall have the right, at any timetime after the Effective Date but prior to the Commitment Termination Date, request to propose that the Commitments hereunder of a Class hereunder be increased or a new Class of Incremental Term Commitments be increased created (each such proposed increase or creation being a “Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon by notice to the Administrative Agent (who shall promptly notify the Lenders)Agent, which notice shall specify specifying each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase or creation, as applicable, is to be effective (the “Commitment Increase Date”), which shall be a Business Day at least three (3) Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and 30 at least thirty (30) days prior to the Extended Commitment Termination Date; provided that no Lender shall be obligated to provide any increased Commitment; provided, further that:: [[DMS:5463132v3:06/29/2020--06:10 PM]] [[5531905v.2]]

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Blackstone Secured Lending Fund)

Requests for Increase by Borrower. The Borrower may, at any timetime prior to the Revolver Termination Date, request propose that the Commitments hereunder of a Class of Commitments be increased (each such proposed increase being a “Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon by notice to the Administrative Agent (who shall promptly notify the Lenders), which notice shall specify specifying each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase is to be effective (the “Commitment Increase Date”), which date shall be a Business Day at least three (3) Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and 30 at least thirty (30) days prior to the Extended Commitment Revolver Termination Date; provided that each Lender may determine in its sole discretion whether or not it chooses to participate in a Commitment Increase; provided further that, subject to the foregoing, each Commitment Increase shall become effective only upon satisfaction of the following conditions:

Appears in 1 contract

Samples: Senior Secured (TCP Capital Corp.)

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