Increase in Revolving Commitments. Subject to the terms and conditions set forth herein, the Borrower may, at any time, upon written notice to the Administrative Agent, increase the Aggregate Revolving Committed Amount to not more than ONE HUNDRED TWENTY-FIVE MILLION DOLLARS ($125,000,000); provided that: (i) the Borrower shall obtain commitments for the amount of the increase from existing Lenders or other commercial banks or financial institutions reasonably acceptable to the Administrative Agent, which other commercial banks and financial institutions shall join in this Credit Agreement as Lenders by joinder agreement substantially in the form of Exhibit 2.01(d) attached hereto or other arrangement reasonably acceptable to the Administrative Agent, (ii) any such increase shall be in a minimum aggregate principal amount of $5 million and integral multiples of $1 million in excess thereof (or the remaining amount, if less), (iii) if any Revolving Loans are outstanding at the time of any such increase, the Borrower shall make such payments and adjustments on the Revolving Loans (including payment of any break-funding amounts owing under Section 3.05) as may be necessary to give effect to the revised commitment percentages and commitment amounts, and (iv) the conditions to the making of a Revolving Loan set forth in Section 5.02 shall be satisfied. In connection with any such increase in the Revolving Commitments, Schedule 2.01 shall be revised to reflect the modified commitments and commitment percentages of the Lenders, and the Borrower shall provide supporting corporate resolutions, legal opinions, promissory notes and other items as may be reasonably requested by the Administrative Agent and the Lenders in connection therewith.
Appears in 1 contract
Sources: Credit Agreement (Amerigroup Corp)
Increase in Revolving Commitments. Subject to the terms and conditions set forth herein, the Borrower may, at any timetime within two years of the Closing Date, upon written notice to the Administrative Agent, increase the Aggregate Revolving Committed Amount by up to $50 million to not more than ONE THREE HUNDRED TWENTY-FIVE FIFTY MILLION DOLLARS ($125,000,000350,000,000); provided that:
(i) the Borrower shall obtain commitments for the amount of the increase from existing Lenders or other commercial banks or financial institutions reasonably acceptable to the Administrative Agent, which other commercial banks and financial institutions shall join in this Credit Agreement as Lenders by joinder agreement substantially in the form of Exhibit 2.01(d) E attached hereto or other arrangement reasonably acceptable to the Administrative Agent,
(ii) any such increase shall be in a minimum aggregate principal amount of $5 million 5,000,000 and integral multiples of $1 million 1,000,000 in excess thereof (or the remaining amount, if less),
(iii) if any Revolving Loans are outstanding at the time of any such increase, the Borrower shall make such payments and adjustments on the Revolving Loans (including payment of any break-funding amounts owing under Section 3.05) as may be necessary to give effect to the revised commitment percentages and commitment amounts, and
(iv) the conditions to the making of a Revolving Loan set forth in Section 5.02 4.02 shall be satisfied. In connection with any such increase in the Revolving Commitments, Schedule 2.01 shall be revised to reflect the modified commitments and commitment percentages of the Lenders, and the Borrower shall provide supporting corporate resolutions, legal opinions, promissory notes and other items as may be reasonably requested by the Administrative Agent and the Lenders in connection therewith.
Appears in 1 contract
Increase in Revolving Commitments. Subject to the terms and conditions set forth herein, the Borrower Company may, at any timetime within 180 days of the date hereof, upon written notice to the Administrative Agent, increase the Aggregate Revolving Committed Amount to not more than ONE TWO HUNDRED TWENTY-FIVE FIFTY MILLION DOLLARS ($125,000,000250,000,000); provided that:
(i) the Borrower Company shall obtain commitments for the amount of the increase from existing Lenders or other commercial banks or financial institutions reasonably acceptable to the Administrative Agent, which provided that such other commercial banks and financial institutions shall join in this Credit Agreement as Lenders by joinder agreement substantially in the form of Exhibit 2.01(dSchedule 2.1(d) attached hereto or other arrangement reasonably acceptable to the Administrative Agent,
(ii) any such increase shall be in a minimum aggregate principal amount of $5 million and integral multiples of $1 million in excess thereof (or the remaining amount, if less),
(iii) if any Revolving Loans are outstanding at the time of any such increase, the Borrower Company shall make such payments and adjustments on the Revolving Loans (including payment of any break-funding amounts owing under Section 3.053.12) as may be necessary to give effect to the revised commitment percentages and commitment amounts, and
(iv) the conditions to the making of a Revolving Loan set forth in Section 5.02 5.2 shall be satisfied. In connection with any such increase in the Revolving Commitments, Schedule 2.01 2.1(a) shall be revised to reflect the modified commitments and commitment percentages of the Lenders, and the Borrower Company shall provide supporting corporate resolutions, legal opinions, promissory notes and other items as may be reasonably requested by the Administrative Agent and the Lenders in connection therewith.
Appears in 1 contract
Increase in Revolving Commitments. Subject to the terms and conditions set forth herein, the Borrower may, at any timefour (4) times on or after the Closing Date, upon written notice to the Administrative Agent, increase the Aggregate Revolving Committed Amount by up to ONE HUNDRED MILLION DOLLARS ($100,000,000) to not more than ONE FOUR HUNDRED TWENTY-FIVE MILLION DOLLARS ($125,000,000400,000,000); provided that:
(i) the Borrower shall obtain commitments for the amount of the increase from existing Lenders (none of which shall be required to increase its Revolving Commitment) or other commercial banks or and financial institutions reasonably acceptable to the Borrower and the Administrative Agent, which other commercial banks and financial institutions shall join in this Credit Agreement as Lenders by joinder agreement substantially in the form of Exhibit 2.01(d) attached hereto or by other arrangement reasonably acceptable to the Administrative Agent,;
(ii) any such increase shall be in a minimum aggregate principal amount of $5 million and integral multiples of $1 million in excess thereof (or the remaining amount, if less),;
(iii) if any Revolving Loans are outstanding at the time of any such increase, the Borrower shall will make such payments and adjustments on the Revolving Loans (including payment of any break-funding breakage or other amounts owing under Section 3.05) as may be necessary to give effect to the revised commitment percentages and commitment amounts, ; and
(iv) the conditions to the making of a Revolving Loan set forth in Section 5.02 4.02 shall be satisfied. In connection with any such increase in the Revolving Commitments, Schedule 2.01 shall will be revised to reflect the modified commitments and commitment percentages of the Lenders, and the Borrower shall will provide supporting corporate resolutions, legal opinions, promissory notes and other items as may be reasonably requested by the Administrative Agent and the Lenders in connection therewith.
Appears in 1 contract
Increase in Revolving Commitments. Subject to the terms and conditions set forth herein, the Borrower may, at any time, upon written notice to the Administrative Agent, increase the Aggregate Revolving Committed Amount to not more than ONE HUNDRED TWENTY-FIVE MILLION DOLLARS ($125,000,000); provided that:
(i) the Borrower shall obtain commitments for the amount of the increase from existing Lenders or other commercial banks or financial institutions reasonably acceptable to the Administrative Agent, which other commercial banks and financial institutions shall join in this Credit Agreement as Lenders by joinder agreement substantially in the form of Exhibit 2.01(dSchedule 2.1(d) attached hereto or other arrangement reasonably acceptable --------------- to the Administrative Agent,
(ii) any such increase shall be in a minimum aggregate principal amount of $5 million and integral multiples of $1 million in excess thereof (or the remaining amount, if less),
(iii) notwithstanding any term of this Credit Agreement to the contrary, the Administrative Agent and the Borrower may agree to increase the rate of interest hereunder,
(iv) if any Revolving Loans are outstanding at the time of any such increase, the Borrower shall make such payments and adjustments on the Revolving Loans (including payment of any break-funding amounts owing under Section 3.053.12) as may be necessary to give effect to the revised commitment percentages and commitment amounts, and
(ivv) the conditions to the making of a Revolving Loan set forth in Section 5.02 5.2 shall be satisfied. In connection with any such increase in the Revolving Commitments, Schedule 2.01 .
(a) shall be revised to reflect the modified commitments and commitment ------ percentages of the Lenders, and the Borrower shall provide supporting corporate resolutions, legal opinions, promissory notes and other items as may be reasonably requested by the Administrative Agent and the Lenders in connection therewith.
Appears in 1 contract
Sources: Credit Agreement (Ameripath Inc)