Requests for Increase. Provided there exists no Default or Event of Default either before or immediately after giving effect to the increase provided for in this §2.11, and subject to the terms hereof, upon notice to the Administrative Agent (who shall promptly notify the Lenders), the Borrowers may from time to time request an increase in the Total Commitment by an amount (for all such requests) not exceeding $250,000,000 from and after the Closing Date; provided that any such request for an increase shall be in a minimum amount of $25,000,000. The Borrowers may, at its option, request such increase from any Revolving Credit Lenders or from Additional Lenders. At the time of sending such notice, the Borrowers (in consultation with the Administrative Agent) shall specify the time period within which each relevant Revolving Credit Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to such Revolving Credit Lender). Notwithstanding anything to the contrary contained in this §2.11, this Agreement or the other Loan Documents, the aggregate Total Commitment hereunder shall not be greater than $1,350,000,000.
Appears in 1 contract
Sources: Revolving Credit Agreement (CAI International, Inc.)
Requests for Increase. Provided there exists no Default or Event of Default either before or immediately after giving effect to the increase provided for in this §2.11, and subject to the terms hereof, upon notice to the Administrative Agent (who shall promptly notify the Lenders), the Borrowers may from time to time request an increase in the Total Commitment by an amount (for all such requests) not exceeding $250,000,000 400,000,000 from and after the Closing Date; provided that any such request for an increase shall be in a minimum amount of $25,000,000. The Borrowers may, at its option, request such increase from any Revolving Credit Lenders or from Additional Lenders. At the time of sending such notice, the Borrowers (in consultation with the Administrative Agent) shall specify the time period within which each relevant Revolving Credit Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to such Revolving Credit Lender). Notwithstanding anything to the contrary contained in this §2.11, this Agreement or the other Loan Documents, the aggregate Total Commitment hereunder shall not be greater than $1,350,000,0001,500,000,000.
Appears in 1 contract
Sources: Revolving Credit Agreement (CAI International, Inc.)
Requests for Increase. Provided there exists no Default or Event of Default either before or immediately after giving effect to the increase provided for in this §2.11, and subject to the terms hereof, upon notice to the Administrative Agent (who shall promptly notify the Lenders), the Borrowers may from time to time request an increase in the Total Commitment by an amount (for all such requests) not exceeding $250,000,000 200,000,000 from and after the Closing Date; provided that any such request for an increase shall be in a minimum amount of $25,000,0005,000,000. The Borrowers may, at its option, request such increase from any Revolving Credit Lenders or from Additional Lenders. At the time of sending such notice, the Borrowers (in consultation with the Administrative Agent) shall specify the time period within which each relevant Revolving Credit Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to such Revolving Credit Lender). Notwithstanding anything to the contrary contained in this §2.11, this Agreement or the other Loan Documents, the aggregate Total Commitment hereunder shall not be greater than $1,350,000,000960,000,000.
Appears in 1 contract
Sources: Revolving Credit Agreement (CAI International, Inc.)