Revolving Credit Commitment Increases. Upon each Revolving Credit Commitment Increase pursuant to this Article III, (i) each Revolving Credit Lender immediately prior to such increase will automatically and without further act be deemed to have assigned to each existing Lender, if any, and each Incremental Lender, if any, in each case providing a portion of such Revolving Credit Commitment Increase (each a “Revolving Credit Commitment Increase Lender”), and each such Revolving Commitment Increase Lender will automatically and without further act be deemed to have assumed, a portion of such Revolving Credit Lender’s participation interests hereunder in outstanding Letters of Credit and Swing Line Loans such that, after giving effect to such Revolving Commitment Increase and each such deemed assignment and assumption of participation interests, the percentage of the aggregate outstanding (A) participation interests hereunder in Letters of Credit and (B) participation interests hereunder in Swing Line Loans, in each case, held by each Revolving Credit Lender (including such Revolving Credit Commitment Increase Lender) will equal such Revolving Credit Lender’s Revolving Credit Commitment Percentage and (ii) if, on the date of such Revolving Credit Commitment Increase, there are any Revolving Credit Loans outstanding, the Administrative Agent shall take those steps which it deems, in its sole discretion and in consultation with the Company, necessary and appropriate to result in each Revolving Credit Lender (including each Revolving Credit Commitment Increase Lender) having a pro-rata share of the outstanding Revolving Credit Loans based on each such Revolving Credit Lender’s Revolving Credit Commitment Percentage immediately after giving effect to such Revolving Credit Commitment Increase, provided that any prepayment made in connection with the taking of any such steps shall be accompanied by accrued interest on the Revolving Credit Loans being prepaid and any costs incurred by any Lender in accordance with Section 5.21. The Administrative Agent and the Lenders hereby agree that the minimum borrowing, pro-rata borrowing and pro-rata payment requirements contained elsewhere in this Amended Agreement shall not apply to any transaction that may be effected pursuant to the immediately preceding sentence.
Revolving Credit Commitment Increases. (a) In the event that the Company wishes to increase the aggregate Revolving Credit Commitments at any time that no Default or Event of Default has occurred and is continuing, it shall notify the General Administrative Agent in writing of the amount (the "Offered Increase Amount") of such proposed increase (such notice, a "R/C Commitment Increase Notice"). The Company may, with the consent of the General Administrative Agent (which consent shall not be unreasonably withheld), (i) offer one or more of the Lenders the opportunity to participate in all or a portion of the Offered Increase Amount pursuant to subsection (c) below and/or (ii) offer one or more additional banks, financial institutions or other entities the opportunity to participate in all or a portion of the Offered Increase Amount pursuant to paragraph (b) below. Each R/C Commitment Increase Notice shall specify which Lenders and/or banks, financial institutions or other entities the Company desires to participate in such commitment increase. The Company or, if requested by the Company, the General Administrative 3 Agent will notify such Lenders, and/or banks, financial institutions or other entities of such offer.
Revolving Credit Commitment Increases. (i) In the event that the aggregate amount of the Revolving Credit Commitments as of the Closing Date is less than the Revolving Credit Maximum Amount, the Borrower shall have the right, at any time and from time to time prior to the Revolving Credit Conversion Date, by delivering written notice to the Administrative Agent, to request that the Revolving Credit Commitments be increased by an amount (an "Revolving Credit Commitment Increase") up to but not exceeding the difference between (x) the Revolving Credit Maximum Amount and (y) the aggregate amount of the Revolving Credit Commitments as of the date of such request for an Revolving Credit Commitment Increase.
Revolving Credit Commitment Increases. (a) The Borrower may from time to time after the Closing Date, by written notice (a “Notice of Increase”) to the Administrative Agent (which shall promptly deliver a copy to each of the Revolving Credit Lenders), request that new Revolving Credit Commitments of any Class be extended or existing Revolving Credit Commitments of any Class be increased by one or more financial institutions, which may include any Revolving Credit Lender (any such financial institution, an “Increasing Revolving Credit Lender”) (any such extension or increase, a “Revolving Credit Commitment Increase”); provided that (i) the terms of the Revolving Credit Commitments under the Revolving Credit Commitment Increase shall be identical to the existing Revolving Credit Commitments of the applicable Class, except for any upfront fees paid to Increasing Revolving Credit Lenders; (ii) at the time of effectiveness of any Revolving Credit Commitment Increase effected pursuant to this paragraph the amount of such Revolving Credit Commitment Increase shall not exceed the Incremental Amount; (iii) each Revolving Credit Commitment Increase shall be in an aggregate principal amount of not less than $25,000,000, except to the extent necessary to utilize the remaining unused amount of increase permitted under this Section 2.26(a); (iv) prior to any such Revolving Credit Commitment Increase, except as otherwise specified in the applicable Revolving Accession Agreement, the Administrative Agent shall have received legal opinions, board resolutions and other closing certificates reasonably requested by the Administrative Agent and consistent with those delivered on the Closing Date under Section 4.02 and (v) at the time of each such Revolving Credit Commitment Increase request and immediately after giving effect to the effectiveness of each such Revolving Credit Commitment Increase, the applicable conditions set forth in paragraphs (b) and (c) of Section 4.01 shall be satisfied and the Administrative Agent shall have received certificates to that effect dated such dates and executed by a Financial Officer of the Borrower. Such Notice of Increase shall set forth the amount of the requested Revolving Credit Commitment Increase and the date on which such Revolving Credit Commitment Increase is requested to become effective. The Borrower may arrange for one or more Revolving Credit Lenders or one or more other financial institutions to act as Increasing Revolving Credit Lenders with respect to the propose...
Revolving Credit Commitment Increases. (a) Upon written notice to the Administrative Agent (which shall promptly notify the Lenders), at any time after the Closing Date, the Borrowers may request increases in the aggregate amount of the Revolving Credit Commitments, the Swing Line Sublimit and the Letter of Credit Sublimit (each such increase, a “Revolving Credit Commitment Increase” and all of them, collectively, the “Revolving Credit Commitment Increases”); provided that no Lender or L/C Issuer shall be required to participate in any such increase; and provided, further, that (x) the aggregate amount of all such increases in the Revolving Credit Commitments shall not exceed $100,000,000 and (y) any such increase in the Revolving Credit Commitments shall be in an aggregate amount of not less than $20,000,000 or any whole multiple of $1,000,000 in excess thereof. Any loans made in respect of any Revolving Credit Commitment Increase shall be made by increasing the aggregate Revolving Credit Commitments with the same terms (including pricing) as the existing Revolving Credit Loans. The proceeds of any Revolving Credit Commitment Increase shall be used (i) to finance the working capital and capital expenditures needs of the Lead Borrower and its Restricted Subsidiaries and (ii) for general corporate purposes (including any actions permitted by Article VII) of the Borrowers and their Restricted Subsidiaries.
Revolving Credit Commitment Increases. (i) In the event that the aggregate amount of the Senior Commitment Increases is less than the Senior Facilities Maximum Increase Amount, the Borrower shall have the right, at any time and from time to time during the Revolving Credit Availability Period, by delivering written notice to the Administrative Agent, to request that the Revolving Credit Commitments be increased (a “Revolving Credit Commitment Increase”); provided that the aggregate Term Loan Increases plus the aggregate Revolving Credit Commitment Increases shall not at any time exceed the Senior Facilities Maximum Increase Amount.
Revolving Credit Commitment Increases. (a) In the event that the Borrower wishes to increase the Total Revolving Commitments at any time or from time to time after the Closing Date, it shall notify the Administrative Agent in writing of the amount (the “Revolving Commitment Increase Amount”) of such proposed increase (such notice, a “Revolving Commitment Increase Notice”); provided that the conditions in Section 5.2 are satisfied as of the date of any such increase. Each Revolving Commitment Increase Notice shall specify which Lenders and/or other banks, financial institutions or other entities (each of which shall be subject to the consent of the Administrative Agent, such consent not to be unreasonably withheld) the Borrower desires to provide such Revolving Commitment Increase Amount.
Revolving Credit Commitment Increases. (a) The Borrower may, by written notice to the Agent, from time to time at any time within 30 days of the Closing Date, request one or more increases in the amount of the Total Revolving Credit Commitments (each increase, a “Revolving Credit Commitment Increase”) in an aggregate amount not to exceed $15,000,000, to be provided by one or more banks, financial institutions and other institutional lenders who will become Revolving Credit Lenders hereunder (any such Lender, an “Additional Revolving Credit Lender”); provided that each Additional Revolving Credit Lender shall be subject to the approval of the Agent (which approval shall not be unreasonably withheld). Such notice shall set forth (i) the amount of the Revolving Credit Commitment Increase being requested (which shall be in minimum increments of $1,000,000) and (ii) the date on which such Incremental Revolving Credit Commitments are requested to become effective (which shall be not more than 30 days after the Closing Date). For the avoidance of doubt, any Revolving Credit Commitment Increase effected pursuant to Section 2.25 shall not reduce the Incremental Term Loan Amount or the Incremental Revolving Credit Amount.
Revolving Credit Commitment Increases. (a) In the event that Monster Worldwide wishes to increase the Total Revolving Commitment at any time (subject to the limitations of paragraph (e) below) when no Default or Event of Default or event which with the giving of notice or lapse of time or both would constitute an Event of Default has occurred and is continuing, Monster Worldwide shall notify the Administrative Agent in writing of the amount (the “Revolving Offered Increase Amount”) of such proposed increase (such notice, a “Revolving Commitment Increase Notice”) in a minimum amount equal to at least $5,000,000. Monster Worldwide may, at its election, (i) offer the Lenders the opportunity to provide all or a portion of any Revolving Offered Increase Amount pursuant to paragraph (c) below (allocations will be based on the ratio of each Lender’s proposed commitment increase, if any, to the aggregate of all proposed increased commitments) and/or (ii) with the consent of the Administrative Agent and any Issuing Lender of any then outstanding Letter of Credit (which consent shall not be unreasonably withheld), offer one or more additional banks, financial institutions or other entities the opportunity to provide all or a portion of such Revolving Offered Increase Amount pursuant to paragraph (b) below. Each Revolving Commitment Increase Notice shall specify which Lenders and/or banks, financial institutions or other entities Monster Worldwide desires to provide such Revolving Offered Increase Amount. Monster Worldwide or, if requested by Monster Worldwide, the Administrative Agent will notify such Lenders, and/or banks, financial institutions or other entities of such offer.
Revolving Credit Commitment Increases. (a) In the event that the Borrower wishes to increase the aggregate Commitments, it shall notify the Agent of the amount of such proposed increase (such amount, a "Commitment Increase Amount"). Any additional bank, financial institution or other entity which, with the consent of the Borrower and the Agent (which consent, in the case of the Agent, shall not be unreasonably withheld), elects to become a party to this Agreement and obtain a Commitment in an amount equal to all or any portion of a Commitment Increase Amount shall execute a New Lender Supplement (each, a "New Lender Supplement") with the Borrower and the Agent, substantially in the form of Exhibit B, whereupon such bank, financial institution or other entity (herein called a "New Lender") shall become a Lender for all purposes and to the same extent as if originally a party hereto and shall be bound by and entitled to the benefits of this Agreement, and Schedule 1 shall be deemed to be deleted in its entirety and replaced with the Schedule 1 attached to such New Lender Supplement, which Schedule 1 promptly shall be delivered to each Lender at its address for notification as provided in Section 10.2.
