Revolver Increase has the meaning assigned to that term in Section 2.2.
Revolver Increase is defined in Section 2.18(a).
Revolver Increase as defined in Section 2.8.
Examples of Revolver Increase in a sentence
Lenders shall have no obligation and no right to participate in any Revolver Increase.
Unless otherwise agreed to by the Borrower, Agent and Lenders providing any Revolver Increase, no closing fees or other transaction costs (other than those expressly called for under this Agreement) shall be required by the Lender in connection with a Revolver Increase.
Notwithstanding anything to the contrary herein, no Lender shall have any obligation to increase its Revolver Commitment to provide all or any portion of a Revolver Increase.
The Administrative Agent shall select and reasonably approve one or more Lenders (including any Person not previously a Lender hereunder who executes and delivers a joinder agreement executed by the Borrower, the Administrative Agent and such Lender, in form and substance reasonably acceptable to each of them) to participate in any Revolver Increase.
The notice from Borrowers pursuant to this Section shall set forth the requested amount of such Revolver Increase.
More Definitions of Revolver Increase
Revolver Increase shall have the meaning set forth in Section 2.04 hereof.
Revolver Increase means an increase in the Revolving Loan Commitment Amount in the aggregate of up to the lesser of $10,000,000 and the Maximum Incremental Amount; provided that, (a) the Borrowers give the Administrative Agent at least ten (10) days prior written notice; (b) no Default or Event of Default shall have occurred and be continuing or result after giving effect to such increase in the Revolving Loan Commitment Amount; (c) the Pro Forma Fixed Charge Coverage Ratio shall not be less than 1.05:1.00; (d) the Loan Parties shall be in compliance before and after giving effect to any Revolver Increase with all covenants set forth in the Loan Documents, including the financial covenants set forth in Section 7.2.4; (e) compliance with clause (c) and clause (d) (calculated after giving effect to such Revolver Increase) shall be evidenced by a Compliance Certificate delivered to the Administrative Agent; (f) the aggregate of any original issue discount or upfront fees applicable to any such Revolver Increase shall not be more than 1% of the principal amount of such Revolver Increase; and (g) the Borrowers have executed and delivered any Notes requested under Section 2.2 regarding such Revolver Increase.
Revolver Increase means an increase in the Revolving Loan Commitment Amount after the Effective Date in the aggregate of up to the lesser of $15,000,000 and the Maximum Incremental Amount; provided that, (a) the Borrower gives the Administrative Agent at least ten (10) days prior written notice; (b) no Default or Event of Default shall have occurred and be continuing or would reasonably be expected to result after giving Pro Forma Effect to such increase in the Revolving Loan Commitment Amount; (c) the Borrower shall deliver a Compliance Certificate to the Administrative Agent evidencing compliance with the financial covenants set forth in Section 7.2.4 after giving Pro Forma Effect to any Revolver Increase; (d) the aggregate of any original issue discount or upfront fees applicable to any such Revolver Increase shall not be more than 1% of the principal amount of such Revolver Increase; (e) the Borrower has executed and delivered any Notes requested under Section 2.2 regarding such Revolver Increase, and (f) the Borrower shall have delivered any modifications or additional Real Property Documents as the Administrative Agent shall have requested in its sole discretion pursuant to such Revolver Increase.
Revolver Increase has the meaning specified therefor in Section 2.2 of the Agreement.
Revolver Increase means an increase of up to $5,000,000 in the aggregate in the Revolving Loan Commitment Amount; provided that, (i) Required Lenders consent to such increase; (ii) the Borrowers give the Administrative Agent at least ten (10) days prior written notice; (iii) no Default or Event of Default shall have occurred and be continuing or result after giving effect to such increase in the Revolving Loan Commitment Amount; and (iv) the Borrowers shall be in compliance, on a pro forma basis after giving effect to such increase in the Revolving Loan Commitment Amount, with all covenants set forth in this Agreement, including the financial covenants set forth in Section 7.2.4, and such compliance shall be evidenced by a Compliance Certificate delivered to the Administrative Agent.
Revolver Increase means any increase in the Revolving Credit Facility Commitment (as defined in the Revolving Credit Facility) under the Revolving Facility pursuant to Section 2.09 thereof.
Revolver Increase. No Lender shall be obligated to participate in any Revolver Increase, and each Lender’s determination to participate in any such Revolver Increase shall be in such Lender’s sole and absolute discretion. The Administrative Agent shall invite each Lender to provide a Revolver Increase (it being understood that no Lender shall be obligated to provide a Revolver Increase) in connection with any proposed Revolver Increase and to the extent, ten (10) Business Days after receipt of invitation, sufficient Lenders do not agree to provide a Revolver Increase in connection with such proposed Revolver Increase on terms acceptable to the Borrower, then the Administrative Agent may invite any prospective lender that satisfies the criteria of being an “Eligible Assignee” and is reasonably satisfactory to the Borrower (it being agreed that any prospective lender that is (x) a Lender or Affiliate of a Lender or (y) an Approved Fund shall be reasonably satisfactory) to become a Lender in connection with the proposed Revolver Increase. Any Revolver Increase shall be in the amount of at least $5,000,000 (or such lower amount that represents all remaining availability pursuant to this Section 2.8) and integral multiples of $1,000,000 in excess thereof (or such lower amount that represents all remaining availability pursuant to this Section 2.8). Additionally, for the avoidance of doubt, it is understood and agreed that in no event shall the aggregate amount of the Revolver Increases exceed $50,000,000 during the term of the Agreement.