Request for Increase After Effective Date. After the Effective Date, provided no Default or Event of Default then exists or would arise therefrom, upon notice to the Agent (which shall promptly notify the Lenders and the Lead Arrangers), the Borrowers may make Commitment Increase Requests from time to time (which Commitment Increase may take the form of a term loan tranche); provided, however, no such Commitment Increase Request may be made without the consent of the Lead Arrangers, whose consent shall not be unreasonably withheld, provided further that (x)(i) the aggregate amount of all Commitment Increases pursuant to this Section 2.18(c) following the Effective Date and prior to the termination of the Commitments of the Non-Extending Lenders and the repayment of all Obligations of the Non-Extending Lender shall not exceed $881,380,000, and (ii) the aggregate amount of all Commitment Increases pursuant to this Section 2.18(c) following the Effective Date shall not exceed $1,000,000,000, (y) each Commitment Increase Request shall be in a minimum amount of $100,000,000, and (z) the Borrowers may request a maximum of five Commitment Increases. At the time of sending such notice, the Borrowers (in consultation with the Agent and the Lead Arrangers) shall specify the time period within which each Lender is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Lenders).
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Sources: Credit Agreement (Sears Holdings Corp), Credit Agreement (Sears Holdings Corp)
Request for Increase After Effective Date. After the Effective Date, provided no Default or Event of Default then exists or would arise therefrom, upon notice to the Agent (which shall promptly notify the Lenders and the Lead Arrangers), the Borrowers may make Commitment Increase Requests from time to time (which Commitment Increase may take the form of a term loan tranche) (an “Incremental Term Loan”)); provided, however, no such Commitment Increase Request may be made without the consent of the Lead Arrangers, whose consent shall not be unreasonably withheld, provided further that (x)(ix) the aggregate amount of all Commitment Increases pursuant to this Section 2.18(c) following the Effective Date and prior to the termination of the Commitments of the Non-Extending Lenders and the repayment of all Obligations of the Non-Extending Lender shall not exceed $881,380,000, and (ii) the aggregate amount of all Commitment Increases pursuant to this Section 2.18(c2.18(a) following the Effective Date shall not exceed $1,000,000,0001,000,000,000 minus the principal amount of Debt on account of Pari Passu Notes incurred after the Effective Date, (y) each Commitment Increase Request shall be in a minimum amount of $100,000,000, and (z) the Borrowers may request a maximum of five Commitment Increases. At the time of sending such notice, the Borrowers (in consultation with the Agent and the Lead Arrangers) shall specify (1) the time period within which each Lender is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Lenders), (2) whether the Commitment Increase shall take the form of an Incremental Term Loan, and (3) whether any proposed increase in the Commitments will result in the creation of a separate Class of Commitments.
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