Examples of Additional Credit Commitments in a sentence
Each such notice shall set forth (A) the amount of the Additional Credit Commitments being requested (which shall be in a minimum amount of $10,000,000) and (B) the date on which such Additional Credit Commitments are requested to become effective (which shall not be less than 10 days (or such shorter period as may be acceptable to the applicable Additional Credit Lender) nor more than 45 days after the date of such notice).
Each such notice shall set forth (A) the amount of the Additional Credit Commitments being requested (which shall be in a minimum amount of $50,000,000) and (B) the date on which such Additional Credit Commitments are requested to become effective (which shall not be less than ten business days (or such shorter period as may be acceptable to the applicable Additional Credit Lender) nor more than 45 days after the date of such notice (an “Increase Effective Date”)).
Notwithstanding any of the foregoing, this Agreement may be amended to extend the Maturity Date or to provide for Additional Credit Commitments in the manner contemplated by Sections 2.09(d) and (e) and without any additional consents.
Any mandatory reduction of the Additional Credit Commitments pursuant to subsection 2.4B(iii) shall be applied on a pro rata basis (in accordance with the respective outstanding principal amounts thereof) to each scheduled reduction of the Additional Credit Commitments referred to in subsection 2.4A(ii) that is remaining at the time of such mandatory reduction.
Each such notice shall set forth (i) the amount of the Additional Credit Commitments being requested (which shall be in a minimum amount of $2,500,000) and (ii) the date on which such Additional Credit Commitments are requested to become effective (which shall not be less than 10 Business Days nor more than 60 days after the date of such notice).
Each Additional Credit Lender's Additional Credit Commitment shall expire on the Revolving Loan Commitment Termination Date and all Additional Credit Loans and all other amounts owed hereunder with respect to the Additional Credit Loans and the Additional Credit Commitments shall be paid in full no later than that date.
Anything contained in this Agreement to the contrary notwithstanding, the Additional Credit Loans and the Additional Credit Commitments shall be subject to the limitation that in no event shall the aggregate amount of Additional Credit Loans at any time exceed the Additional Credit Commitments then in effect and applicable to such Additional Credit Loans.
Any voluntary reduction of the Additional Credit ----------- Commitments pursuant to subsection 2.4B(ii) shall be applied on a pro rata basis to reduce the scheduled reductions of the Additional Credit Commitments set forth in subsection 2.4A(ii).
Within 15 Business Days of such request, each Lender shall notify the Agent, whether or not, in the exercise of its sole discretion, it is willing to commit to make Additional Credit Loans and the maximum amount to which it is willing to commit and the Agent shall promptly notify Company and each other Lender of each Lender's decision and shall allocate the Additional Credit Commitments among the Lenders by Agent following consultation with Company.
Any voluntary reduction of the Additional Credit Commitments pursuant to subsection 2.4B(ii) shall be applied on a pro rata basis to reduce the scheduled reductions of the Additional Credit Commitments set forth in subsection 2.4A(ii).