Borrower Request. Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan or revolving loan commitments (the "Incremental Loan Commitments”) by an amount not in excess of $23,250,000 in the aggregate less any Indebtedness incurred pursuant to Section 6.01(k). Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrower proposes that the new Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Eligible Assignee to whom Borrower proposes any portion of such new Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the new Commitments may elect or decline, in its sole discretion, to provide such new Commitment.
Appears in 2 contracts
Sources: Credit Agreement (Magnachip Semiconductor LLC), Credit Agreement (Magnachip Semiconductor LLC)
Borrower Request. Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan or revolving loan commitments (the "Incremental Term B Loan Commitments”) Commitments by an amount not in excess of $23,250,000 75.0 million in the aggregate and not less any Indebtedness incurred pursuant to Section 6.01(k)than $25.0 million individually. Each such Such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrower proposes that the increased or new Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Eligible Assignee institution (provided that such institution would be able to be assigned an interest in a Loan under Section 11.04(b)) to whom Borrower proposes any portion of such increased or new Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Commitment.
Appears in 2 contracts
Sources: Credit Agreement (Cpi International, Inc.), Credit Agreement (Cpi International, Inc.)
Borrower Request. Borrower Borrowers may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan or revolving loan commitments Commitments (the "each, an “Incremental Term Loan CommitmentsCommitment”) by an amount not in excess of $23,250,000 40,000,000 in the aggregate and not less any Indebtedness incurred pursuant to Section 6.01(k)than $10,000,000 individually. Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrower proposes Borrowers propose that the new Incremental Term Loan Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Eligible Assignee to whom Borrower proposes Borrowers propose any portion of such new Incremental Term Loan Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the new Incremental Term Loan Commitments may elect or decline, in its sole discretion, to provide such new Incremental Term Loan Commitment.
Appears in 2 contracts
Sources: Credit and Guaranty Agreement (Prommis Solutions Holding Corp.), Credit and Guaranty Agreement (Prommis Solutions Holding Corp.)
Borrower Request. Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan or revolving loan commitments (the "Incremental Term B Loan Commitments”) Commitments by an amount not in excess of $23,250,000 75.0 million in the aggregate and not less any Indebtedness incurred pursuant to Section 6.01(k)than $25.0 million individually. Each such Such notice shall specify (i) the date (each, an “Increase Effective Date”"INCREASE EFFECTIVE DATE") on which Borrower proposes that the increased or new Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Eligible Assignee institution (provided that such institution would be able to be assigned an interest in a Loan under Section 11.04(b)) to whom Borrower proposes any portion of such increased or new Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Commitment.
Appears in 1 contract
Sources: Credit Agreement (Cpi Holdco Inc)
Borrower Request. The Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan or revolving loan commitments Term Commitments (the "each, an “Incremental Loan CommitmentsTerm Commitment”) by an amount not in excess of $23,250,000 100.0 million in the aggregate and not less any Indebtedness incurred pursuant to Section 6.01(k)than $25.0 million individually. Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which the Borrower proposes that the increased or new Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Eligible Assignee Person (who must be reasonably satisfactory to the Administrative Agent) to whom the Borrower proposes any portion of such increased or new Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Commitment.
Appears in 1 contract
Borrower Request. Borrower Borrowers may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan or revolving loan commitments to make additional Loans after the ARCA Effective Date (the "each, an “Incremental Loan CommitmentsCommitment”) by in an amount not in excess of $23,250,000 300.0 million in the aggregate and not less any Indebtedness incurred pursuant to Section 6.01(k)than $50.0 million individually. Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrower proposes Borrowers propose that the new Incremental Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Eligible Assignee to whom Borrower proposes Borrowers propose any portion of such new Incremental Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the new Incremental Commitments may elect or decline, in its sole discretion, to provide such new Incremental Commitment.
Appears in 1 contract
Sources: Credit Agreement (Rovi Corp)
Borrower Request. The Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan or revolving loan commitments Commitments (the "each, an “Incremental Loan CommitmentsCommitment”) by an amount not in excess of $23,250,000 60,000,000 in the aggregate and, not less any Indebtedness incurred pursuant to Section 6.01(k)than $15,000,000 individually. Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which the Borrower proposes that the increased or new Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Eligible Assignee to whom the Borrower proposes any portion of such increased or new Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Commitment.
Appears in 1 contract
Sources: Second Lien Credit Agreement (RiskMetrics Group Inc)
Borrower Request. Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan or revolving loan commitments Term Loan Commitments (the "each, an “Incremental Term Loan CommitmentsCommitment”) by in an aggregate amount for all such Incremental Term Loan Commitments not in excess of $23,250,000 in the aggregate less any Indebtedness incurred pursuant to Section 6.01(k)60,000,000. Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrower proposes that the new Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each person (which must be an Eligible Assignee Assignee) to whom Borrower proposes any portion of such new Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the new Commitments may elect or decline, in its sole discretion, to provide such new Commitment.
Appears in 1 contract
Borrower Request. Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan or revolving loan commitments Term Loan Commitments (the "each, an “Incremental Term Loan CommitmentsCommitment”) by an amount not in excess of $23,250,000 20.0 million in the aggregate and not less any Indebtedness incurred pursuant to Section 6.01(k)than $10.0 million individually. Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrower proposes that the increased or new Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each Eligible Assignee to whom Borrower proposes any portion of such increased or new Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Commitment.
Appears in 1 contract
Sources: Credit Agreement (On Assignment Inc)