Common use of Revolving Commitment Increase Clause in Contracts

Revolving Commitment Increase. (a) Subject to the terms and conditions set forth herein, after the Closing Date, the Lead Borrower shall have the right to request, by written notice to the Administrative Agent, an increase in the Revolving Commitments under the applicable Subfacility (other than the U.S. FILO Subfacility) (a “Revolving Commitment Increase”) in an aggregate amount not to exceed $450,000,000; provided that (i) any Revolving Commitment Increase for such Subfacility shall be on the terms (including the Latest Maturity Date of any Class of Commitments under such Subfacility) and pursuant to the documentation applicable to such Subfacility, (ii) the Lead Borrower shall only be permitted to request five (5) Revolving Commitment Increases during the term of this Agreement and (b) any Revolving Commitment Increase shall be in a minimum amount of $50,000,000 or, if less than $50,000,000 is available, the amount left available.

Appears in 1 contract

Samples: Credit Agreement (Ryerson Holding Corp)

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Revolving Commitment Increase. (a) Subject to the terms and conditions set forth herein, after the Closing Date, the Lead Borrower shall have the right to request, by written notice to the Administrative Agent, an increase in the Revolving Commitments under the applicable Subfacility (other than the U.S. FILO Subfacility) (a “Revolving Commitment Increase”) in an aggregate amount not to exceed $450,000,000750,000,000; provided that (i) any Revolving Commitment Increase for such Subfacility shall be on the terms (including the Latest Maturity Date of any Class of Commitments under such Subfacility) and pursuant to the documentation applicable to such Subfacility, (ii) the Lead Borrower shall only be permitted to request five (5) Revolving Commitment Increases during the term of this Agreement and (b) any Revolving Commitment Increase shall be in a minimum amount of $50,000,000 or, if less than $50,000,000 is available, the amount left available.

Appears in 1 contract

Samples: Credit Agreement (Ryerson Holding Corp)

Revolving Commitment Increase. (a) Subject to the terms and conditions set forth herein, after the Closing Amendment No. 45 Effective Date, the Lead Borrower shall have the right to request, by written notice to the Administrative Agent, an increase in the Non-FILO Revolving Commitments under the applicable Subfacility (other than the U.S. FILO Subfacility) (a “Revolving Commitment Increase”) in an aggregate amount not to exceed $450,000,000450,000,000500,000,000; provided that (i) subject to clause (e) below, any Revolving Commitment Increase for such Subfacility shall be on the same terms (including the Latest Maturity Date of any Class of Commitments under such SubfacilityDate) and pursuant to the documentation applicable to such Subfacilitythe Non-FILO Facility, (ii) the Lead Borrower shall only be permitted to request five (5) Revolving Commitment Increases during the term of this Agreement Agreementafter the Amendment No. 5 Effective Date and (biii) any Revolving Commitment Increase shall be in a minimum amount of $50,000,000 or, if less than $50,000,000 is available, the amount left available.

Appears in 1 contract

Samples: Credit Agreement (Ryerson Holding Corp)

Revolving Commitment Increase. (a) Subject to the terms and conditions set forth herein, after the Closing Date, the Lead Borrower shall have the right to request, by written notice to the Administrative Agent, an increase in the Revolving Commitments under the applicable Subfacility (other than the U.S. FILO Subfacility) (a “Revolving Commitment Increase”) in an aggregate amount not to exceed $450,000,000750,000,000450,000,000; provided that (i) any Revolving Commitment Increase for such Subfacility shall be on the terms (including the Latest Maturity Date of any Class of Commitments under such Subfacility) and pursuant to the documentation applicable to such Subfacility, (ii) the Lead Borrower shall only be permitted to request five (5) Revolving Commitment Increases during the term of this Agreement and (b) any Revolving Commitment Increase shall be in a minimum amount of $50,000,000 or, if less than $50,000,000 is available, the amount left available.

Appears in 1 contract

Samples: Credit Agreement (Ryerson Holding Corp)

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Revolving Commitment Increase. (a) Subject to the terms and conditions set forth herein, after the Closing Date, the Lead Borrower shall have the right to request, by written notice to the Administrative Agent, an increase in the Revolving Commitments under the applicable Subfacility (other than the U.S. FILO Subfacility) (a “Revolving Commitment Increase”) in an aggregate amount not to exceed $450,000,000; provided that (i) any Revolving Commitment Increase for such Subfacility shall be on the terms (including the Latest Maturity Date of any Class of Commitments under such Subfacility) and pursuant to the documentation applicable to such Subfacility, (ii) the Lead Borrower shall only be permitted to request five (5) Revolving Commitment Increases during the term of this Agreement and (b) any Revolving Commitment Increase shall be in a minimum amount of $50,000,000 or, if less than $50,000,000 is available, the amount left available.

Appears in 1 contract

Samples: Credit Agreement (Ryerson Holding Corp)

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