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

• The existing Lenders shall be under no obligation to participate in any such Commitment Increase Amount and any agreement by any Lender to so participate will be in the sole discretion of such Lender.

• In consideration of each increase in the Commitments according to this Section 2.22 and as a condition thereto, the Borrowers shall pay to the Agent, for the ratable benefit of the Lenders providing the Commitment Increase Amount, an upfront commitment increase fee in an amount to be mutually agreed among Borrowers and the Augmenting Lenders providing the Commitment Increase Amount, payable on the effective date of each increase in the Commitment(s).

• The existing Banks shall be under no obligation to participate in any such Commitment Increase Amount and any agreement by any Bank to so participate will be in the sole discretion of such Bank.

• 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.

More Definitions of Commitment Increase Amount

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

Commitment Increase Amount has the meaning specified in Section 2.11.

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 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 shall have the meaning provided in Section 1.01(c).

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.