Commitment Increase Amount definition

Commitment Increase Amount as defined in Section 2.1(b).

Commitment Increase Amount shall have the meaning ascribed to such term in Section 2.22 hereof.

Commitment Increase Amount as defined in Section 2.1(b). “Commitment Increase Notice”: as defined in Section 2.1(b).

Examples of Commitment Increase Amount in a sentence

• Any such increase shall become effective upon the execution by the Company, the Administrative Agent and any lender providing a portion of the Commitment Increase Amount of an assumption agreement in form and substance reasonably satisfactory to the Administrative Agent and the Company, pursuant to which, if such lender is a New Bank, such New Bank shall become a Bank under this Agreement and the other Loan Documents with respect to its portion of the Commitment Increase Amount.

• Each such request to increase the Commitments shall be a Commitment Increase Amount of not less than $5,000,000 or in an integral multiple of $5,000,000 in excess thereof.

• In the event the Company desires to increase the Commitments, the Administrative Agent, upon receipt of the written request from the Company described above, may offer to (x) any Bank or (y) one or more banks, financial institutions or other entities, which are not Banks and are acceptable to the Administrative Agent in its sole discretion ("New Banks"), the opportunity to participate in any or all of the Commitment Increase Amount.

• The Commitment Increase Amount will be in the form of increases in the Commitments under the Tranche 2 Facility.

• So long as no Default or Event of Default then exists or would result therefrom, the Company may, at any time and from time to time and upon at least five (5) Business Days' notice, deliver a written request to the Administrative Agent to increase the aggregate Commitments under this Agreement by up to $50,000,000 in the aggregate ("Commitment Increase Amount").

More Definitions of Commitment Increase Amount

Commitment Increase Amount has the meaning set forth in Section 2.01(b)(i) hereof.

Commitment Increase Amount of such proposed increase (such notice, a “Commitment Increase Notice”), and the Administrative Agent shall notify each Lender of such proposed increase. The Borrower may, at its election (i) with the consent of the Issuing Lenders (which consent shall not be unreasonably withheld or delayed) offer one or more of the Lenders the opportunity to participate in all or a portion of the Commitment Increase Amount pursuant to paragraph (d) below and/or (ii) with the consent of the Administrative Agent and the Issuing Lender (which consent shall not be unreasonably withheld or delayed), offer one or more additional banks, financial institutions or other entities the opportunity to participate in all or a portion of the Commitment Increase Amount pursuant to paragraph (c) below. Each Commitment Increase Notice shall specify which Lenders and/or banks, financial institutions or other entities the Borrower desires to participate in such Commitment increase. The Borrower or, if requested by the Borrower, the Administrative Agent, will notify such Lenders and/or banks, financial institutions or other entities of such offer. Each Commitment Increase Amount shall be at least $50,000,000. If any Issuing Lender does not consent to one or more of the Lenders participating in a Commitment Increase Amount requested by the Borrower, the Borrower may upon written notice to the Administrative Agent and such Issuing Lender reduce the amount set forth in clause (i) of the third sentence of Section 3.2 by an amount equal to such Issuing Lender’s Letter of Credit Commitment, and such Issuing Lender shall cease to be an Issuing Lender as of the date of such notice by the Borrower (in which case the consent of such Issuing Lender shall not be required under this Section 2.1(b)), and the Borrower shall make arrangements satisfactory to such Issuing Lender with respect to any outstanding Letters of Credit previously issued by such Issuing Lender.

Commitment Increase Amount means $750,000,000.

Commitment Increase Amount has the meaning assigned to that term in SECTION 2.8(a).

Commitment Increase Amount means, in the event the aggregate Commitments are increased after the Closing Date pursuant to Section 2.22, the amount by which such increased aggregate Commitments exceed the aggregate Commitments in effect immediately prior to giving effect to such increase.

Commitment Increase Amount shall have the meaning ascribed thereto in Section 8.1(a).

Commitment Increase Amount as defined in Section 2.1(b). "Commitment Increase Notice": as defined in Section 2.1(b).