Revolver Increase. Borrowers may, by written notice by Borrowers to Agent (whereupon Agent shall promptly deliver a copy to each of the Lenders), request that the amount of the Maximum Revolver Amount be increased by an amount of up to $10,000,000 (any such increase, a “Revolver Increase”), with increases attributed to the Maximum Canadian Revolver Amount and the Maximum US Revolver Amount as requested by Borrowers; provided, that no such Revolver Increase shall be made if (i) at the time that such Revolver Increase is to be made (and after giving effect thereto) a Default or Event of Default shall exist or would occur as a result of such Revolver Increase, (ii) Borrowers are not in compliance with the financial covenants set forth in Section 7 as of the most recent month-end on a pro forma basis after giving effect to such increase, whether or not such covenants are then in effect, or (iii) the applicable Agent(s) has or have not received additional Revolver Commitments (reasonably satisfactory to such Agent) from Lenders (or their Affiliates) or other Persons reasonably acceptable to such Agent to provide the requested Revolver Increase. Any such Revolver Increase shall be in a minimum aggregate amount of $5,000,000 and the aggregate amount of all Revolver Increases shall not exceed $10,000,000. No Revolver Increases may be requested or made after the three year anniversary of the Closing Date. Notwithstanding anything to the contrary herein, no Lender shall have any obligation to increase its Revolver Commitment to provide all or any portion of a Revolver Increase. The notice from Borrowers pursuant to this Section shall set forth the requested amount and allocation to the Maximum Canadian Revolver Amount and/or Maximum US Revolver Amount of such Revolver Increase. If Borrowers’ request for the Revolver Increase satisfies all of the terms and conditions set forth herein, the applicable Agent(s) shall notify Borrowers and each Lender of the date such Revolver Increase is to be made, which date shall be on or after delivery to Agents of each of the following documents: (1) a joinder agreement signed by a duly authorized representative of any Person that becomes a Lender, (2) an officers’ certificate of each Borrower, in form and substance reasonably acceptable to Agent, confirming compliance with all conditions precedent set forth herein; (3) an amendment to this Agreement, as appropriate, and the other Loan Documents, to effectuate the terms of this Section and the Revolve...
Revolver Increase. The Administrative Agent shall have received an officer’s certificate signed by an authorized officer of the Partnership attaching updated financial projections demonstrating that, after giving effect to the Revolver Increase on the Amendment Effective Date and any borrowings thereunder on the Amendment Effective Date for such Revolver Increase on a Pro Forma Basis, the Borrowers will be in compliance with the financial covenants set forth in Section 5.9 of the Credit Agreement.
Revolver Increase. (a) Provided that no Event of Default has occurred and is continuing, the Borrower shall have the right at any time through that date that is the first anniversary of the date of this Agreement, on not more than three (3) occasions, and upon not less than Five (5) Business Days prior written notice to the Lender, to elect to increase the Maximum Revolver Amount by up to $10,000,000.00 in the aggregate, in minimum increments of $2,500,000.00 (each a “Revolver Increase”) from the amount in effect on the date of this Agreement ($25,000,000.00) to an amount of up to $35,000,000.00. Upon any Revolver Increase, the Maximum Revolver Amount shall be increased to the elected amount and shall thereafter be deemed the then existing Maximum Revolver Amount for all purposes under this Agreement.
Revolver Increase. Certain Lenders (each, an “Increasing Lender”) agree to increase their respective Multicurrency Revolving Commitments on the Second Amendment Effective Date. Pursuant to Section 2.9 of the Credit Agreement, the amount set forth opposite each Lender’s name in the column headed “Multicurrency Revolving Commitment” on Schedule 1.1(a) of the Credit Agreement is deemed amended and replaced with the amount set forth opposite such Lender’s name in the column headed “Multicurrency Revolving Commitment” on the Schedule 1.1(a) attached hereto, which schedule reflects the new Multicurrency Revolving Commitments after giving effect to this clause. The Lenders hereby waive the notice requirements set forth in Section 2.9(a) of the Credit Agreement.
Revolver Increase. Upon satisfaction of the conditions precedent set forth in the definition of Revolver Increase and effective as of the date specified in writing by the Administrative Agent, the Revolving Loan Commitment Amount may be increased in the aggregate by the lesser of (1) $15,000,000 and (2) the Maximum Incremental Amount. The Administrative Agent shall select and reasonably approve one or more Lenders (including any Person not previously a Lender hereunder who executes and delivers a joinder agreement executed by the Borrower, the Administrative Agent and such Lender, in form and substance reasonably acceptable to each of them) to participate in any Revolver Increase. Lenders shall have no obligation and no right to participate in any Revolver Increase.
Revolver Increase. With effect on and after the Effective Date (as defined in Section 3 hereof), (i) Congress Financial shall be a party to the Credit Agreement and succeed to all of the rights and be obligated to perform all of the obligations of a Revolving Lender under the Credit Agreement, including the requirements concerning confidentiality and the payment of indemnification, with a Revolving Credit Commitment in an amount equal to $20,000,000, (ii) Congress Financial shall have acquired a participation in its Pro Rata Share of the Lenders’ liabilities under Letters of Credit and Credit Support, which as of the date hereof is in an aggregate pricipal amount of $497,968.91 and (iii) the revolving line of credit under the Credit Agreement shall be increased from $100,000,000 to $120,000,000 (the “Revolver Increase”). Congress Financial agrees (i) to be bound by the terms and conditions set forth in the Credit Agreement as if it were an original signatory thereto and (ii) to perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a Revolving Lender.
Revolver Increase. Borrower has requested an Increase in the amount of $10,000,000 in accordance with Section 2.14 of the Credit Agreement. In connection with the request for such Increase, HSBC, in its capacity as a Lender, has agreed to increase the amount of its Revolver Commitment by $9,000,000 and The PrivateBank and Trust Company, in its capacity as a Lender, has agreed to increase the amount of its Revolver Commitment by $1,000,000. Agent has reasonably determined that this Agreement shall constitute an “Increase Joinder” pursuant to the terms of Section 2.14(b) of the Credit Agreement and that each of the other conditions set forth in Section 2.14 of the Credit Agreement with respect to the requested Increase will have been satisfied upon this Agreement’s becoming effective. Accordingly, the requested Increase will become effective upon the satisfaction of each of the conditions to effectiveness set forth in Section 4 of this Agreement.
Revolver Increase. Pursuant to Section 2.20 of the Credit Agreement, the Borrower and the Revolving Lenders agree to effect a Revolver Increase to $130,000,000.
Revolver Increase. Subject to the satisfaction of the conditions to the Agreement Effective Date set forth in Section 5 hereof, the parties hereto, pursuant to the terms of Section 2.4(g) of the Credit Agreement, hereby agree as follows:
(a) The definition of “Maximum Revolver Amount” in Schedule 1.1 to the Credit Agreement is hereby amended and restated in its entirety to read as follows:
Revolver Increase. (a) Revolver Commitment Increase.
(i) Request for Increase. Provided no Default or Event of Default then exists or would arise therefrom, upon notice to the Agent (which shall promptly notify the Lenders), the Borrower may from time to time, request an increase in the aggregate Revolver Commitments by an amount (for all such requests) not exceeding $20,000,000 (the “Revolver Commitment Increases”); provided that (i) any such request for an increase shall be in a minimum amount of $2,500,000 and (ii) the Borrower may make a maximum of two (2) such requests. At the time of sending such notice, the Borrower (in consultation with the Agent) 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).
