Examples of Incremental Revolver Commitment in a sentence
Such notice shall set forth (i) the amount of the Incremental Revolver Commitment being requested (which shall be in a minimum amount of $1,000,000 and multiples of $1,000,000 in excess thereof), and (ii) the date (an “Incremental Effective Date”) on which such Incremental Facility is requested to become effective (which, unless otherwise agreed by Agent, shall not be less than ten (10) Business Days nor more than sixty (60) days after the date of such notice).
U.S. Agent shall promptly notify each U.S. Lender as to the effectiveness of each Incremental Revolver Commitment Agreement, and at such time (A) the U.S. Maximum Revolver Amount under, and for all purposes of, this Agreement shall be increased by the aggregate amount of such Incremental Revolver Commitments and (B) Schedule C-1 shall be deemed modified to reflect the revised Revolver Commitments of the affected U.S. Lenders.
Upon any reduction of the Incremental Revolver Facility (June 2008), the Incremental Revolver Commitment (June 2008) of each Incremental Revolver Lender (June 2008) shall be reduced by such Incremental Revolver Lender (June 2008)’s Applicable Incremental Revolver Percentage (June 2008) of such reduction amount.
Upon effectiveness of any such Incremental Revolver Commitment, the Commitments and Pro Rata share of each Lender will be adjusted to give effect to the Incremental Revolver Commitment, and Schedule 1 shall automatically be deemed amended accordingly.
Borrower may accept some or all of the offered amounts or designate new Lenders hereunder in accordance with this Section (the “Additional Lenders”), which Additional Lenders may assume all or a portion of such Incremental Revolver Commitment.
Organization should also seek opportunities to develop/adopt cross-organization or portfolio cloud-based services and/or build on initiatives established by other organizations.Consider financial impacts: The transition to cloud-based services will have financial and budgetary impacts that Organizations must consider at strategic and operational levels [32, 42].
Subject to the terms and conditions set forth herein and in the Credit Agreement, each Amendment No. 1 Incremental Revolving Lender severally agrees to increase its existing Revolver Commitment in a principal amount equal to its Amendment No. 1 Incremental Revolver Commitment set forth opposite such Person’s name on Schedule I hereto.
Within the limits of each Incremental Revolver Lender (June 2008)’s Incremental Revolver Commitment (June 2008), and subject to the other terms and conditions of this Incremental Revolver Supplement and the Credit Agreement, the Company may borrow, prepay, and re-borrow Incremental Revolver Loans (June 2008) in accordance with this Incremental Revolver Supplement and the Credit Agreement.
Borrower and Agent shall have discretion jointly to adjust the allocation of such Incremental Revolver Commitment among the Increasing Lenders and the Additional Lenders.
The Incremental Revolver Commitment Increase shall be effected by a joinder agreement (the “Increase Joinder”) executed by the Borrower, the Administrative Agent and each Lender making such Incremental Revolver Commitment Increase, in form and substance satisfactory to each of them.