Revolving Commitment Increase Sample Clauses
Revolving Commitment Increase. (a) Notwithstanding anything to the contrary in Section 12.1, subject to the terms and conditions set forth herein, the Borrower shall have the right from time to time, to cause an increase in the Revolving Commitments of the Revolving Lenders (a “Revolving Commitment Increase”) by adding to this Agreement one or more additional Eligible Assignees that are not already Revolving Lenders hereunder and that are reasonably satisfactory to the Administrative Agent, each Facing Agent and the Swing Line Lender (each, a “New Revolving Lender”) or by allowing one or more existing Revolving Lenders to increase their respective Revolving Commitments; provided that (i) both before and immediately after giving effect to such Revolving Commitment Increase, no Event of Default or Unmatured Event of Default shall have occurred and be continuing as of the effective date of such Revolving Commitment Increase (such date, the “Revolving Commitment Increase Date”), (ii) no such Revolving Commitment Increase shall be in an amount less than $10,000,000 (unless the aggregate amount of the Revolving Commitments then in effect is greater than $390,000,000), (iii) after giving effect to such Revolving Commitment Increase, the aggregate amount of the Revolving Commitments shall not exceed $600,000,000, (iv) no Revolving Lender’s Revolving Commitment shall be increased without such Revolving Lender’s prior written consent (which consent may be given or withheld in such Revolving Lender’s sole and absolute discretion) and (v) the only Revolving Commitment Increase that may occur on or after the Tenth Amendment Effective Date is a single Revolving Commitment Increase in an aggregate amount not exceeding $200,000,000 on (and subject to the occurrence of) the Eleventh Amendment Effective Date. The foregoing clause (i) and the following Section 2.10(b) and Section 2.10(e) shall not be applicable to the 2014 Revolving Commitment Increase and the only conditions to the 2014 Revolving Commitment Increase shall be those conditions set forth in Section 4 of the Eleventh Amendment.
(b) The Borrower shall provide the Administrative Agent with written notice (a “Notice of Revolving Commitment Increase”) of its intention to increase the Revolving Commitments pursuant to this Section 2.10. Each such Notice of Revolving Commitment Increase shall specify (i) the proposed Revolving Commitment Increase Date, which date shall be no earlier than five (5) Business Days after receipt by the Administrative A...
Revolving Commitment Increase. (a) The Lead Borrower and each Increase Loan Lender hereby agree that, subject to the satisfaction of the conditions in Section 5 hereof, on the Amendment No. 2 Effective Date, the Revolving Commitment Increase of such Increase Loan Lender shall become effective and the U.S. Revolving Commitments of such Increase Loan Lender shall be deemed increased by the amount of the Revolving Commitment Increases of such Increase Loan Lender set forth on Schedule 1 hereto. The Revolving Commitment Increases shall be U.S. Revolving Commitments for all purposes under the Credit Agreement and each of the other Credit Documents and shall have terms identical to the U.S. Revolving Commitments outstanding under the Credit Agreement immediately prior to the date hereof (but giving effect to any amendments hereunder).
(b) Each Increase Loan Lender acknowledges and agrees that upon the Amendment No. 2 Effective Date, such Increase Loan Lender shall be a “Lender” under, and for all purposes of, the Credit Agreement and the other Credit Documents, and shall be subject to and bound by the terms thereof, and shall perform all the obligations of and shall have all rights of a Lender thereunder.
(c) After giving effect to such Revolving Commitment Increases and the Amendment No. 2 Commitment Adjustment, the Revolving Commitments of each Revolving Lender shall be as set forth on Schedule 2 hereto (and such Schedule 2 shall supersede Schedule 2.01 to the Credit Agreement).
Revolving Commitment Increase. It is understood and agreed that the Incremental Revolving Loan Commitments provided by an Incremental Revolving Lender or Incremental Revolving Lenders, as the case may be, pursuant to each Incremental Revolving Loan Commitment Agreement shall constitute part of, and be added to, the Total Revolving Loan Commitment and each Incremental Revolving Lender shall constitute a Revolving Lender for all purposes of this Agreement and each other applicable Credit Document.
Revolving Commitment Increase. (a) Each Additional Lender shall, as of the Amendment Effective Date (as defined below), become a party to the Credit Agreement as a Lender with a Revolving Commitment in the amount set forth opposite such Additional Lender’s name on Appendix A hereto, as such Revolving Commitment may thereafter be changed from time to time pursuant to the terms of the Credit Agreement. Each Additional Lender shall, as of the Amendment Effective Date, have all rights and obligations of a Revolving Lender under the Credit Agreement and the other Credit Documents.
(b) As of the Amendment Effective Date, each existing Lender (without the need for execution of any document) shall be deemed to have irrevocably sold and assigned to each Additional Lender, and each Additional Lender shall be deemed to have irrevocably purchased and assumed from each existing Revolving Lender, (i) in the respective principal amounts (together with accrued interests) such interests in the Revolving Loans outstanding on the Amendment Effective Date as necessary so that, after giving effect to all such assignments and purchases, the Revolving Loans and any unused Revolving Commitments are held by the existing Lenders and the Additional Lenders ratably based on the allocation of Revolving Commitments set forth for the Lenders on Appendix A hereto and (ii) all of such existing Lenders’ rights and obligations in their respective capacities as Revolving Lenders under the Credit Agreement and the other Credit Documents in respect of such Revolving Loans. Such sales, assignments, purchases and assumptions shall be deemed to have been effected pursuant to the same terms and conditions as set forth in the form of Assignment and Assumption Agreement attached as Exhibit E to the Credit Agreement. Other than this Agreement and any replacement Revolving Loan Note to be provided to any existing Lender that requests such replacement Note in the applicable principal amount (not to exceed such existing Lender’s reduced Revolving Commitment), no document or instrument (including any Assignment and Assumption) shall be required to be executed in connection with any such sale, assignment, purchase and assumption. Each Additional Lender and existing Revolving Lender shall make such cash settlements between themselves, in a manner acceptable to and approved by the Administrative Agent, as they deem necessary and desirable with respect to such sales, assignments, purchases and assumptions. The Administrative Agent and eac...
Revolving Commitment Increase. (a) The Increasing Lender agrees, subject to the terms and conditions of the Credit Agreement, that on the Effective Date it shall provide a Revolving Commitment Increase (the “2023 Increase Revolving Commitments”) in the aggregate principal amount set forth opposite its name under the heading “2023 Increase Revolving Commitments” on Schedule I attached hereto.
(b) The parties hereto each hereby agree that (x) the 2023 Increase Revolving Commitments provided pursuant to this Supplement by the Increasing Lender shall constitute Revolving Commitments for all purposes under the Credit Agreement notwithstanding that they are provided pursuant to this Supplement and not under Section 2.1(a) of the Credit Agreement, (y) all terms of the 2023 Increase Revolving Commitments provided pursuant to this Supplement by the Increasing Lender shall be the same as the terms of the existing Revolving Commitments as set forth in the Credit Agreement and (z) the Credit Agreement is hereby deemed amended accordingly to reflect the foregoing clauses (x) and (y) in accordance with Section 2.17 of the Credit Agreement.
Revolving Commitment Increase. The third sentence of Section 2.15(a) of the Credit Agreement is hereby deleted in its entirety and the following is substituted in its stead: “Notwithstanding anything to the contrary herein, the aggregate amount of the Revolving Commitment Increases on and after the Fifth Amendment Effective Date shall not exceed $100,000,000 (the “Incremental Availability”).”
Revolving Commitment Increase. Subject to the terms and conditions contained herein, the Revolving Commitment Increase Lenders have agreed to increase their respective Revolving Credit Commitments in an aggregate amount of $50,000,000. This Amendment shall serve as the “Incremental Amendment” referred to in Section 2.15 of the Credit Agreement. In accordance with Section 2.15 of the Credit Agreement, Schedule I to the Credit Agreement (Revolving Credit Commitments) shall be amended by deleting such schedule and replacing it with the corresponding schedule set forth on Annex I attached hereto.
Revolving Commitment Increase. On the Amendment No. 1
Revolving Commitment Increase ii) As of the date hereof, each Revolving Commitment Increase Lender hereby commits to provide such portion of the Revolving Commitment Increase set forth in its signature page to this Amendment, subject to the terms and conditions set forth herein.
Revolving Commitment Increase. Pursuant to Section 14.2 of the Credit Agreement and effective as of the Effective Date (as defined below), the Lenders (including each Increase Lender) hereby consent to the Revolving Commitment Increase in an aggregate principal amount equal to $125,000,000 notwithstanding the requirement of Section 2.9(c) of the Credit Agreement that each increase in the Revolving Commitment be in whole multiples of $20,000,000 in excess of $20,000,000. After giving effect to the Revolving Commitment Increase, the resulting Revolving Commitment as of the Effective Date (as defined below) shall be $220,000,000. Additionally, after giving effect to the Revolving Commitment Increase and the amendments set forth in Section 3 below, the Canadian Borrower, on behalf of itself and the other Multicurrency Borrowers, shall have the right to request additional increases to the Revolving Commitment pursuant to Section 2.9 of the Credit Agreement in an aggregate principal amount not to exceed $125,000,000.