Common use of Requests for Increase by Borrower Clause in Contracts

Requests for Increase by Borrower. The Borrower shall have the right, at any time after the Effective Date but prior to the Commitment Termination Date, to propose that the Revolving Commitments of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by 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 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 at least thirty (30) days prior to the 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.)

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Requests for Increase by Borrower. The Borrower shall have the right, at any time on or after the Effective Date but prior to the Commitment Termination Date, to propose that the Revolving Commitments of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by 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 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 at least thirty (30) days prior to the 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 shall have the right, at any time after the Effective Date but prior to the Commitment Termination Date, to propose that the Revolving Commitments of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by 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 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 at least thirty (30) days prior to the 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 shall have the right, at any time after the Effective Date but prior to the applicable Commitment Termination Date, to propose that the Revolving Commitments of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by 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 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 at least thirty (30) days prior to the applicable 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 Private Credit Fund), Extension Agreement (Blackstone Private Credit Fund), Senior Secured Credit Agreement (Blackstone Private Credit Fund)

Requests for Increase by Borrower. The Borrower shall have the rightmay, at any time after the Effective Date but prior to the Commitment Revolver Termination Date, to propose that the Revolving Commitments of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by notice to the Administrative Agent, 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 or creation, as applicable, 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 at least thirty (30) 30 days prior to the Commitment Revolver Termination Date; provided that no each Lender shall be obligated may determine in its sole discretion whether or not it chooses to provide any increased Commitmentparticipate 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 shall have the rightmay, at any time after the Effective Date but prior to the Commitment Termination Datetime, to propose request that the Revolving Commitments hereunder of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by upon notice to the Administrative AgentAgent (who shall promptly notify the Lenders), specifying 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 at least thirty (30) days prior to the 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 (AB Private Lending Fund), Credit Agreement (Barings Private Credit Corp)

Requests for Increase by Borrower. The Borrower shall have the rightmay, at any time after the Effective Date but prior to the Commitment Termination Datetime, to propose request that the Revolving Commitments hereunder of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by (provided that in no event shall the Commitments of a Non-Extending Lender be increased hereunder) upon notice to the Administrative AgentAgent (who shall promptly notify the Lenders), specifying 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 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 at least thirty (30) 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 (Owl Rock Capital Corp), Senior Secured Revolving Credit Agreement (Owl Rock Capital Corp)

Requests for Increase by Borrower. The Borrower shall have the right, at any time on or after the Effective Date but prior to the Extended Commitment Termination Date, to propose that the Revolving Commitments of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) (provided that in no event shall the Commitments of a Non-Extending Lender be increased hereunder) by notice to the Administrative Agent, 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 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 shall have the rightmay, at any time after the Effective Date but prior to the Commitment Termination Maturity Date, and subject to propose that the Revolving conditions set forth below in this clause (i), elect to increase the Commitments of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation election being a “Commitment Increase”) by notice to the Administrative Agent, 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 or creation, as applicable, 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 at least thirty (30) 30 days prior to the Commitment Termination Maturity Date; provided that no each Lender shall be obligated may determine in its sole discretion whether or not it chooses to provide any increased Commitmentparticipate 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 shall have the right, at any time after the Effective Date but prior to the Revolving Facility Commitment Termination Date, to propose that the Revolving Commitments of a Class hereunder be increased on a pro rata basis between the Revolving Commitments (of the Class or a new Class Classes selected by the Borrower) and the Term Loan Commitments based on the respective amounts of Incremental Revolving Commitments and Term Commitments be created Loans outstanding at such time (each such proposed increase or creation being a “Commitment Increase”) by 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 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 at least thirty (30) days prior to the Commitment Termination Datenotice; provided that no Lender shall be obligated to provide any increased Commitment; provided, further 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 shall have the rightmay, at any time after the Effective Date but prior to the Commitment Termination Maturity Date, and subject to propose that the Revolving conditions set forth below in this clause (i), elect to increase the Commitments of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation election being a “Commitment Increase”) by notice to the Administrative Agent, 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 or creation, as applicable, 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 at least thirty (30) days prior to the Commitment Termination Maturity Date; provided that no each Lender shall be obligated may determine in its sole discretion whether or not it chooses to provide any increased Commitmentparticipate 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 shall have the right, at any time on or after the Effective Date but prior to the Extended Commitment Termination Date, to propose that the Revolving Commitments of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) (provided that in no event shall the Commitments of a Non-Extending Lender be increased hereunder) by 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 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 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 shall have the rightmay, at any time after the Effective Date but prior to the Commitment Revolver Termination Date, to propose that the Revolving Commitments hereunder of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by notice to the Administrative Agent, 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 or creation, as applicable, 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 at least thirty (30) days prior to the Commitment Revolver Termination Date; provided that no each Lender shall be obligated may determine in its sole discretion whether or not it chooses to provide any increased Commitmentparticipate in a Commitment Increase; provided, 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.)

Requests for Increase by Borrower. The Borrower shall have the rightmay, at any time after the Effective Date but prior to the Commitment Revolver Termination Date, to propose that the Revolving Commitments hereunder of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by notice to the Administrative Agent, 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 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 Borrower and the Administrative Agent may reasonably agree) after delivery of such notice and at least thirty (30) 30 days prior to the Commitment Revolver Termination Date; provided that no each Lender shall be obligated may determine in its sole discretion whether or not it chooses to provide any increased Commitmentparticipate in a Commitment Increase; provided, further that:: (A) the minimum amount of the Commitment (in the aggregate for all relevant Classes) of any Assuming Lender, and the minimum amount of the

Appears in 1 contract

Samples: Credit Agreement (Monroe Capital Income Plus Corp)

Requests for Increase by Borrower. The Borrower shall have the rightmay, at any time after the Effective Date but prior to the Commitment Termination Datetime, to propose request that the Revolving Commitments of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by ), upon notice to the Administrative AgentAgent (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 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 at least thirty (30) 30 days prior to the Commitment Termination Date; provided that no Lender shall be obligated to provide any increased Commitment; provided, further that:

Appears in 1 contract

Samples: Revolving Credit Agreement (NF Investment Corp.)

Requests for Increase by Borrower. The Borrower shall have the right, at any time after the Effective Date but prior to the applicable Commitment Termination Date, to propose that the Revolving Commitments of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by notice to the Administrative Agent, specifying each [[6423235v.9]] 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 at least thirty (30) days prior to the applicable 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 Credit Agreement (Blackstone Secured Lending Fund)

Requests for Increase by Borrower. The Borrower shall have the right, at any time after the Effective Date but prior to the applicable Commitment Termination Date, to propose that the Revolving Commitments of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by 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 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 at least thirty (30) days prior to the applicable Commitment Termination Date; provided that no Lender shall be obligated to provide any increased Commitment; provided, further that:: [[60787996351539]]

Appears in 1 contract

Samples: Credit Agreement (Blackstone Secured Lending Fund)

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Requests for Increase by Borrower. The Borrower shall have the rightmay, at any time after the Effective Date but prior to the Commitment Termination Datetime, to propose request that the Revolving Commitments hereunder of a Class hereunder of Commitments be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon notice to the Administrative AgentAgent (who shall promptly notify the Lenders), specifying 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 to be effective (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 thirty (30) 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: Revolving Credit Agreement (Morgan Stanley Direct Lending Fund)

Requests for Increase by Borrower. The Borrower shall have the rightmay, at any time after the Effective Date but prior to the Commitment Termination Datetime, to propose request that the Revolving Commitments hereunder of a Class hereunder of Commitments be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon notice to the Administrative AgentAgent (who shall promptly notify the Lenders), specifying 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 shorter period as the Administrative Agent may reasonably agree) after delivery of such notice and at least thirty (30) 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: Secured Revolving Credit Agreement (Sixth Street Specialty Lending, Inc.)

Requests for Increase by Borrower. The Borrower shall have the right, at any time on or after the Effective Date but prior to the Commitment Termination Date, to propose that the Revolving Commitments of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by 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 or creation, as applicable, 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 at least thirty (30) days prior to the 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 shall have the rightmay, at any time after the Effective Date but prior to the Commitment Termination Datetime, to propose request that the Revolving Commitments hereunder of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being 46 Revolving Credit Agreement US-DOCS\81066382.481066382.11 #4821-5428-0772 a “Commitment Increase”) by ), upon notice to the Administrative AgentAgent (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 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 at least thirty (30) 30 days prior to the Commitment Termination Date; provided that no Lender shall be obligated to provide any increased Commitment; provided, further that:

Appears in 1 contract

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

Requests for Increase by Borrower. The Borrower shall have the rightmay, at any time prior to the Term Loan Maturity Date, on not more than two occasions on or after the Effective Date but prior (counted to the include each occasion of establishment of Incremental Facility Commitments and each Revolving Credit Commitment Termination Date, to Increase) propose that the Revolving Term Loan Commitments of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Term Loan Commitment Increase”) by notice to the Administrative Agent, 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 or creation, as applicable, 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 (3) Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and at least thirty (30) 30 days prior to the Commitment Termination Term Loan Maturity Date; provided that no Lender shall be obligated to provide any increased Commitment; provided, further that:

Appears in 1 contract

Samples: Credit Agreement (Krispy Kreme Doughnuts Inc)

Requests for Increase by Borrower. The Borrower shall have the rightmay, at any time after the Effective Date but prior to the Commitment Termination Datetime, to propose request that the Revolving Commitments hereunder of a Class hereunder of Commitments be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon notice to the Administrative AgentAgent (who shall promptly notify the Lenders), specifying 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 shorter period as the Administrative Agent may reasonably agree) after delivery of such notice and at least thirty (30) 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: Secured Revolving Credit Agreement (Morgan Stanley Direct Lending Fund)

Requests for Increase by Borrower. The Borrower shall have the right, at any time after the Effective Date but prior to the Commitment Termination Date, to propose that the Revolving Commitments of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by notice to the Administrative Agent, specifying each existing Lender that shall have agreed to an additional Commitment of the same Class as its existing Commitment (each an “Increasing Lender”) and/or each additional lender that shall have agreed to a new Commitment or existing Lender that shall have agreed to a new Commitment of a different class than its existing Commitment (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 at least thirty (30) days prior to the 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 Credit Agreement (Blue Owl Technology Income Corp.)

Requests for Increase by Borrower. The Borrower shall have the right, at any time after the Effective Date but prior to the Commitment Termination Date, to propose that the Revolving Commitments of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by 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 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 at least thirty (30) days prior to the 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 shall have the rightmay, at any time after the Effective Date but prior to the Commitment Termination Datetime, to propose request that the Revolving Commitments hereunder of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by ), upon notice to the Administrative AgentAgent (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 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 at least thirty (30) 30 days prior to the 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 (Carlyle GMS Finance, Inc.)

Requests for Increase by Borrower. The Borrower shall have the right, at any time on or after the Effective Date but prior to the Commitment Termination Date, to propose that the Revolving Commitments of a Class hereunder be increased or a new Class of Incremental Term Commitments be created (each such proposed increase or creation being a “Commitment Increase”) by notice to the Administrative Agent, specifying each existing Lender that shall have agreed to an additional Commitment of the same Class as its existing Commitment (each an “Increasing Lender”) and/or each additional lender that shall have agreed to a new Commitment or existing Lender that shall have agreed to a new Commitment of a different Class than its existing Commitment (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 at least thirty (30) days prior to the 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 Credit Agreement (Lord Abbett Private Credit Fund)

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