Increase of the Revolving Commitment. Company may, from time to time, with the written consent of Administrative Agent and each of the existing Lenders that agree to increase their portion of the Revolving Commitment and/or any new Lenders that are joined to this Agreement, in Administrative Agent’s and such Lender’s sole discretion, at any time during the term of this Agreement (but subject to the terms and conditions set forth herein), increase the Revolving Commitment (such increase, a “Facility Increase”) by an amount in the aggregate not to exceed Four Hundred Million Dollars ($400,000,000) (such amount, the “Increase Amount”) for an aggregate Revolving Commitment not to then exceed Five Hundred Million Dollars ($500,000,000). Any such increase shall be in an amount not less than Five Million Dollars ($5,000,000) or a higher integral multiple of One Million Dollars ($1,000,000). Each of the following shall be conditions precedent to any Facility Increase: (i) Company shall have submitted a written request for such Facility Increase to Administrative Agent at least thirty (30) days (or such shorter period as the Administrative Agent may reasonably agree) in advance of Company’s desired effective date of such Facility Increase (which shall promptly advise each Lender), (ii) the Company shall have paid any applicable facility increase fees as set forth in the Agent Fee Letters, (iii) Administrative Agent shall have obtained the written consent from each of the existing Lenders that agree to increase their portion of the Revolving Commitment and/or joinder documents from each new Lender that will be joined to this Agreement with respect to such Facility Increase, and (iv) each new Lender shall have received customary written opinions of counsel for the Company (or a reliance letter in respect thereof).
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Sources: Credit Agreement (Morgan Stanley Direct Lending Fund)
Increase of the Revolving Commitment. Company may, from time to time, with the written consent of Administrative Agent and each of the existing Lenders that agree to increase their portion of the Revolving Commitment and/or any new Lenders that are joined to this Agreement, in Administrative Agent’s and such LenderL▇▇▇▇▇’s sole discretion, at any time during the term of this Agreement (but subject to the terms and conditions set forth herein), increase the Revolving Commitment (such increase, a “Facility Increase”) by an amount in the aggregate not to exceed Four One Hundred Million Dollars ($400,000,000100,000,000) (such amount, the “Increase Amount”) for an aggregate Revolving Commitment not to then exceed One Hundred Seventy Five Hundred Million Dollars ($500,000,000175,000,000). Any such increase shall be in an amount not less than Five Million Dollars ($5,000,000) or a higher integral multiple of One Million Dollars ($1,000,000). Each of the following shall be conditions precedent to any Facility Increase: (i) Company shall have submitted a written request for such Facility Increase to Administrative Agent at least thirty (30) days (or such shorter period as the Administrative Agent may reasonably agree) in advance of Company’s desired effective date of such Facility Increase (which shall promptly advise each Lender), (ii) the Company shall have paid any applicable facility increase fees as set forth in the applicable Agent Fee Letters, Letter and (iii) Administrative Agent shall have obtained the written consent from each of the existing Lenders that agree to increase their portion of the Revolving Commitment and/or joinder documents from each new Lender that will be joined to this Agreement with respect to such Facility Increase, and (iv) each new Lender shall have received customary written opinions of counsel for the Company (or a reliance letter in respect thereof).
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