Common use of Requests for Incremental Loans Clause in Contracts

Requests for Incremental Loans. Upon notice by the Parent Borrower to the Administrative Agent (which Administrative Agent shall promptly notify the Lenders), at any time after the Closing Date, the Borrowers may request one or more incremental Revolving Facility Commitments (each an “Incremental Commitment” and all of them, collectively, the “Incremental Commitments” and any such loans, “Incremental Loans”), each of which Incremental Commitment shall be in minimum increments of $ 1,000,000 and a minimum amount of $ 10,000,000; provided that after giving effect to any such addition, the aggregate amount of Incremental Commitments that have been added pursuant to this Section 2.14 shall not exceed $25,000,000.

Appears in 4 contracts

Samples: Abl Credit Agreement (Steinway Musical Instruments Holdings, Inc.), Abl Credit Agreement (Steinway Musical Instruments Holdings, Inc.), Abl Credit Agreement (Steinway Musical Instruments Holdings, Inc.)

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Requests for Incremental Loans. Upon notice by the Parent Borrower to the Administrative Agent (which Administrative Agent shall promptly notify the Lenders), at any time after the Closing ClosingSecond Amendment Effective Date, the Borrowers may request one or more incremental Revolving Facility Commitments (each an “Incremental Commitment” and all of them, collectively, the “Incremental Commitments” and any such loans, “Incremental Loans”), each of which Incremental Commitment shall be in minimum increments of $ $1,000,000 and a minimum amount of $ $10,000,000; provided that after giving effect to any such addition, the aggregate amount of Incremental Commitments that have been added pursuant to this Section 2.14 shall not exceed $25,000,000.

Appears in 3 contracts

Samples: Abl Credit Agreement (Steinway Musical Instruments Holdings, Inc.), Abl Credit Agreement (Steinway Musical Instruments Holdings, Inc.), Abl Credit Agreement (Steinway Musical Instruments Holdings, Inc.)

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Requests for Incremental Loans. Upon notice by the Parent Borrower to the Administrative Agent (which Administrative Agent shall promptly notify the Lenders), at any time after the Closing SecondThird Amendment Effective Date, the Borrowers may request one or more incremental Revolving Facility Commitments (each an “Incremental Commitment” and all of them, collectively, the “Incremental Commitments” and any such loans, “Incremental Loans”), each of which Incremental Commitment shall be in minimum increments of $ $1,000,000 and a minimum amount of $ $10,000,000; provided that after giving effect to any such addition, the aggregate amount of Incremental Commitments that have been added pursuant to this Section 2.14 shall not exceed $25,000,000.

Appears in 1 contract

Samples: Abl Credit Agreement (Steinway Musical Instruments Holdings, Inc.)

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