Common use of Requests for Increase by Borrower Clause in Contracts

Requests for Increase by Borrower. The Borrower may, at any time, propose that the Commitments hereunder of a Class be increased (each such proposed increase 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 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 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:

Appears in 6 contracts

Samples: Senior Secured (First Eagle Alternative Capital BDC, Inc.), Secured Revolving Credit Agreement (THL Credit, Inc.), Pledge and Security Agreement (THL Credit, Inc.)

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Requests for Increase by Borrower. The Borrower may, at any time, propose that the Commitments hereunder of a Class be increased (each such proposed increase 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 is to be effective (the “Commitment Increase Date”), which shall be a Business Day at least three ten Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and 30 days prior to the Revolver Commitment 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:

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Lafayette Square USA, Inc.), Senior Secured (Lafayette Square USA, Inc.)

Requests for Increase by Borrower. The Borrower maymayshall have the right, at any time, to propose that the Commitments additional Loans be issued hereunder of a Class be increased (each such proposed increase being a “Commitment Term Loan 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 make additional Commitment Loans and the date on which such increase is to be effective (the “Commitment Term Loan 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 thirty (30) days prior to the Revolver Termination Maturity Date; provided that each Lender may determine in its sole discretion whether or not it chooses to participate in a Commitment Term Loan Increase; provided, further that:

Appears in 1 contract

Samples: Senior Secured Term Loan Credit Agreement (Medley Capital Corp)

Requests for Increase by Borrower. The Borrower may, at any time, propose that the Commitments additional Loans be issued hereunder of a Class be increased (each such proposed increase being a “Commitment Term Loan 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 make additional Commitment Loans and the date on which such increase is to be effective (the “Commitment Term Loan 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 Revolver Termination Maturity Date; provided that each Lender may determine in its sole discretion whether or not it chooses to participate in a Commitment Term Loan Increase; provided, further that:

Appears in 1 contract

Samples: Senior Secured (THL Credit, Inc.)

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Requests for Increase by Borrower. The Borrower mayshall have the right, at any time, to propose that the Commitments additional Loans be issued hereunder of a Class be increased (each such proposed increase being a “Commitment Term Loan 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 make additional Commitment Loans and the date on which such increase is to be effective (the “Commitment Term Loan 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 thirty (30) days prior to the Revolver Termination Maturity Date; provided that each Lender may determine in its sole discretion whether or not it chooses to participate in a Commitment Term Loan Increase; provided, further that:

Appears in 1 contract

Samples: Senior Secured Term Loan Credit Agreement (Medley Capital Corp)

Requests for Increase by Borrower. The Borrower may, at any time, propose that the Commitments additional Loans be issued hereunder of a Class be increased (each such proposed increase being a “Commitment Term Loan 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 make additional Commitment Loans and the date on which such increase is to be effective (the “Commitment Term Loan Increase Date”), which shall be a Business Day at least three Business Days (or such lesser period as the Administrative Agent may reasonably agreeagree in its sole discretion) after delivery of such notice and 30 days prior to the Revolver Termination Maturity Date; provided that each Lender may determine in its sole discretion whether or not it chooses to participate in a Commitment Term Loan Increase; provided, further that:

Appears in 1 contract

Samples: Secured Term Loan Credit Agreement (THL Credit, Inc.)

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