Incremental Borrowings Sample Clauses
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Incremental Borrowings. (a) (i) At any time and from time to time after the Effective Date, subject to the terms and conditions set forth herein, the Borrower may, by notice to the Administrative Agent (whereupon the Administrative Agent shall promptly make available to each of the Lenders), request to effect one or more additional tranches of term loans hereunder or increases in the aggregate amount of the Term Loans, which shall take the form of an additional tranche of term loans hereunder (each such increase, a “Term Commitment Increase”) from one or more entities that are then Lenders and Additional Lenders; provided that at the time of each such request and upon the effectiveness of each Incremental Term Facility Amendment, (A) subject to the last sentence of Section 4.02, no Default or Event of Default shall have occurred and be continuing or shall result therefrom (B) the Borrower shall be in compliance on a Pro Forma Basis with the Financial Covenant Level recomputed as of the last day of the most recently ended fiscal quarter of the Borrower for which financial statements have been delivered pursuant to Section 5.01(a) or (b), (C) the Borrower shall have delivered a certificate of a Financial Officer to the effect set forth in clauses (A) and (B) above, together with reasonably detailed calculations demonstrating compliance with clause (B) above, (D) the maturity date of any term loans incurred pursuant to such Term Commitment Increase shall not be earlier than the Term Maturity Date, the Weighted Average Life to Maturity of any such Term Loans incurred pursuant to such Term Commitment Increase shall not be shorter than the remaining Weighted Average Life to Maturity of the Term Loans and the security interests and guaranties benefiting the loans under such Term Commitment Increase shall be identical to those benefiting the Term Loans incurred on the Effective Date, (E) the interest rate margins and, subject to clause (D), the amortization schedule for any term loans incurred pursuant to such Term Commitment Increase shall be determined by the Borrower and the Lenders providing the applicable Term Commitment Increase; provided that in the event that the interest rate margins for any term loans incurred pursuant to such Term Commitment Increase are higher than the interest rate margins for the Term Loans incurred on the Effective Date by more than 50 basis points, then the interest rate margins for the Term Loans shall be increased to the extent necessary so that such in...
Incremental Borrowings. (a) At any time after the Sixth Amendment Effective Date, so long as no Default or Event of Default has occurred and is continuing, the Borrower may either (i) by delivery of notice to the Administrative Agent, request the establishment of one or more new term loan commitments which may be in the form of a new series of Incremental Loans or an increase in the amount of the Initial Term Loans or any then outstanding Series of Incremental Loans (such new term loan commitments or increase, the “Incremental Loan Commitments”), or (ii) by delivery of a Revolving Commitment Increase Notice to the Administrative Agent, which notice shall promptly be copied by the Administrative Agent to each Lender, request an increase in the Total Revolving Credit Commitments pursuant to a Revolving Commitment Increase Notice, provided that the aggregate amount of such Incremental Loan Commitments and such increase in the Total Revolving Credit Commitments shall not exceed $1,000,000,000. Any such Revolving Offered Increase Amounts or any Incremental Loans shall be in a minimum amount of not less than $10,000,000.
Incremental Borrowings. SECTION 4.03.
Incremental Borrowings. The obligation of each Bank to make each Revolving Loan required by a notice of borrowing given pursuant to Section 3.04(a), and the obligation of each Swingline Bank to make each Swingline Loan, shall be subject to the following conditions precedent:
Incremental Borrowings. (a) At any time after the Effective Date, so long as no Default or Event of Default has occurred and is continuing, the Borrower may, by delivery of notice to the Administrative Agent, request the establishment of one or more new term loan commitments which may be in the form of a new series of Incremental Loans or an increase in the amount of the Initial Term Loans or any then outstanding Series of Incremental Loans (such new term loan commitments or increase, the “Incremental Loan Commitments”). The Borrower may request any such increases in an aggregate amount, together with the aggregate amount of any Incremental Loans made since the Effective Date, not exceeding $70,000,000, provided that, any such Incremental Loans shall be in a minimum amount of not less than $5,000,000 and $5,000,000 increments in excess thereof.
(b) [Intentionally Omitted].
Incremental Borrowings. If the Company borrows money under this Agreement and such borrowing causes the aggregate amount of the Revolving Loans of any Lender outstanding under this Agreement to increase, the Company shall give the Administrative Agent written notice of the borrowing specifying the following information:
(i) The interest rate determination method selected (LIBOR or Base Rate).
(ii) The Interest Period selected. No Interest Period may be specified if the Base Rate is selected as the interest rate determination method.
(iii) The date of the borrowing, which shall be a Banking Day.
(iv) The aggregate amount of the borrowing.
(v) An identification of the Company's bank account in the United States to which the Company wishes to have the incremental funds to be advanced pursuant to the borrowing transferred, including the name and address of the bank and the account number. The foregoing notice of borrowing shall be given by 12:00 noon New York City, time on the Banking Day of the borrowing if the method of interest rate determination selected is the Base Rate and not less than three Banking Days prior to the date of the borrowing if the method of interest rate determination selected is LIBOR. Any notice of borrowing of Revolving Loans shall be given to the Administrative Agent.
Incremental Borrowings. If the Company borrows money under this Agreement and such borrowing causes the aggregate amount of the Revolving Loans of any Bank outstanding under this Agreement to increase, the Company shall give the Administrative Agent written notice of the borrowing specifying the following information:
(i) The interest rate determination method selected (LIBOR or Base Rate).
(ii) The Interest Period selected. No Interest Period may be specified if the Base Rate is selected as the interest rate determination method.
(iii) The date of the borrowing, which shall be a Banking Day.
(iv) The aggregate amount of the borrowing.
(v) An identification of the Company's bank account in the United States to which the Company wishes to have the incremental funds to be advanced pursuant to the borrowing transferred, including the name and address of the bank and the account number. The foregoing notice of borrowing shall be given by 9:00 a.m. San Francisco, California, time on the Banking Day next preceding the date of the borrowing if the method of interest rate determination selected is the Base Rate and not less than three Banking Days prior to the date of the borrowing if the method of interest rate determination selected is LIBOR. Any notice of borrowing of Revolving Loans shall be given to the Administrative Agent.
Incremental Borrowings. 115115 SECTION 2.15. Refinancing Amendments 119120 SECTION 2.16. Extensions of Loans. 120121 SECTION 2.17. Defaulting Lenders. 123124 SECTION 2.18. ▇▇▇▇ Event 125125 ARTICLE III. TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY 125126 SECTION 3.01. Taxes 125126 SECTION 3.02. Illegality or Impracticability of Eurocurrency Rate Loans or Term SOFR Loans 129130 SECTION 3.03. Inability to Determine Rates; Benchmark Replacement 130131
Incremental Borrowings. 7980 SECTION 2.13. Refinancing Facilities ............................................................................................................ 8081 SECTION 2.14. Extensions of Loans ............................................................................................................... 8182 SECTION 2.15. Loan Repricing Protection ..................................................................................................... 8283 SECTION 2.16.
Incremental Borrowings. (i) Prior to the Termination Date, upon the terms and subject to the conditions set forth herein and in the other Transaction Documents,