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 be increased (each such proposed increase being a “Commitment Increase”), 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 shorter period as the Administrative Agent may reasonably agree) after delivery of such notice and at least 30 days prior to the Commitment Termination Date; provided that: (A) the minimum amount of the Commitment of any Assuming Lender, and the minimum amount of the increase of the Commitment of any Increasing Lender, as part of such Commitment Increase shall be $10,000,000 or a larger multiple of $5,000,000 in excess thereof (or such lesser amount as the Administrative Agent may reasonably agree);

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Sixth Street Lending Partners)

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Requests for Increase by Borrower. The Borrower mayshall have the right, at any timetime after the Restatement Effective Date but prior to the Revolver Termination Date, request to propose that the Commitments hereunder of a Class hereunder be increased (each such proposed increase being a “Commitment Increase”), 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 expected to be effective (the date of actual effectiveness, the “Commitment Increase Date”), which date shall be a Business Day at least three (3) Business Days (or such shorter lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and at least 30 thirty (30) days prior to the Commitment Revolver Termination Date; provided that: (A) , subject to the minimum amount of the Commitment of any Assuming Lenderforegoing, and the minimum amount of the increase of the Commitment of any Increasing Lender, as part of such each Commitment Increase shall be $10,000,000 or a larger multiple become effective only upon satisfaction of $5,000,000 in excess thereof (or such lesser amount as the Administrative Agent may reasonably agree);following conditions:

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Barings Capital Investment Corp)

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 be increased (each such proposed increase being a “Commitment Increase”), 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 expected to be effective (the date of actual effectiveness, the “Commitment Increase Date”), which date shall be a Business Day at least three (3) Business Days (or such shorter lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and at least 30 thirty (30) days prior to the 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: (A) , subject to the minimum amount of the Commitment of any Assuming Lenderforegoing, and the minimum amount of the increase of the Commitment of any Increasing Lender, as part of such each Commitment Increase shall be $10,000,000 or a larger multiple become effective only upon satisfaction of $5,000,000 in excess thereof (or such lesser amount as the Administrative Agent may reasonably agree);following conditions:

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Capital Southwest Corp)

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 be increased (each such proposed increase being a “Commitment Increase”), 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 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 shorter lesser period as the Borrower and the Administrative Agent may reasonably agree) after delivery of such notice and at least 30 days prior to the 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: : (A) the minimum amount of the Commitment (in the aggregate for all relevant Classes) of any Assuming Lender, and the minimum amount of the increase of the Commitment of any Increasing Lender, as part of such Commitment Increase shall be $10,000,000 or a larger multiple of $5,000,000 in excess thereof (or such lesser amount as the Administrative Agent may reasonably agree);the

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Monroe Capital Income Plus Corp)

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Requests for Increase by Borrower. The Borrower may, at any timetime prior to the Revolver Termination Date, request and subject to the conditions set forth below in this clause (i), propose that the Commitments hereunder of a Class be increased (each such proposed increase being a “Commitment Increase”), 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 expected to be effective (the date of actual effectiveness, the “Commitment Increase Date”), which date shall be a Business Day at least three (3) Business Days (or such shorter lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and at least 30 thirty (30) days prior to the 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: (A) , subject to the minimum amount of the Commitment of any Assuming Lenderforegoing, and the minimum amount of the increase of the Commitment of any Increasing Lender, as part of such each Commitment Increase shall be $10,000,000 or a larger multiple become effective only upon satisfaction of $5,000,000 in excess thereof (or such lesser amount as each of the Administrative Agent may reasonably agree);following conditions:

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (BlackRock TCP Capital Corp.)

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