Examples of Facility Increase Notice in a sentence
Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, Facility Increase Notice and repayment notice received by it hereunder.
By its execution of this Credit Agreement Supplement, the Borrower hereby delivers and the Administrative Agent hereby acknowledges receipt of this Credit Agreement Supplement as a Term Facility Increase Notice pursuant to Section 2.14(a) of the Credit Agreement.
Each Term Lender shall be given the opportunity to participate in any increase in any existing Term Facility or the establishment of any Additional Term Facility by delivery of a copy of each Term Facility Increase Notice, in which the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Term Lender is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Term Lenders).
Each Term Lender shall notify the Administrative Agent within the time period specified in the applicable Term Facility Increase Notice whether or not it agrees to increase its existing Term Loans or provide an Additional Term Commitment and, if so, the amount it is willing to provide.
In addition, a fee letter shall be entered into between the Administrative Agent and Borrower in connection with any such Facility Increase Notice setting forth all fees payable to the Administrative Agent in connection with obtaining subscriptions for, and implementation of, the Accordion Increase (which fee letter shall be a Fee Letter).