Common use of Increase Effective Date and Allocations Clause in Contracts

Increase Effective Date and Allocations. If the Aggregate Revolving Credit Commitments are increased in accordance with this Section 2.18, the Administrative Agent and the Borrower Agent shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Borrower Agent and the Revolving Credit Lenders of the final allocation of such increase and the Increase Effective Date.

Appears in 2 contracts

Sources: Credit Agreement (Duluth Holdings Inc.), Credit Agreement (Ferroglobe PLC)

Increase Effective Date and Allocations. If the Aggregate Revolving Maximum Credit Commitments Amounts are increased in accordance with this Section 2.18Section, the Administrative Agent and the Borrower Agent shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Borrower Agent and the Revolving Credit Lenders of the final allocation of such increase and the Increase Effective Date.

Appears in 1 contract

Sources: Credit Agreement (AMERICAN EAGLE ENERGY Corp)

Increase Effective Date and Allocations. If the Aggregate Revolving Credit Commitments are increased in accordance with this Section 2.182.7, the Administrative Agent and the Borrower Agent shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Borrower Agent and the Revolving Credit Lenders of the final allocation of such increase and the Increase Effective Date.

Appears in 1 contract

Sources: Loan and Security Agreement (Guild Holdings Co)