Increased Revolving Credit Commitments definition

Examples of Increased Revolving Credit Commitments in a sentence

• Notwithstanding the foregoing, (i) without the consent of the Required Lenders, the aggregate amount of Incremental Term Loans and Increased Revolving Credit Commitments obtained after the Closing Date pursuant to this paragraph shall not exceed $100,000,000 and (ii) without the consent of the Administrative Agent, each increase effected pursuant to this paragraph shall be in a minimum amount of at least $10,000,000.

• Notwithstanding the foregoing, (1) without the consent of the Required Lenders, the aggregate amount of Incremental Term Loans and Increased Revolving Credit Commitments obtained after the Closing Date pursuant to this paragraph shall not exceed $100,000,000 and (2) without the consent of the Administrative Agent, each increase effected pursuant to this paragraph shall be in a minimum amount of at least $10,000,000.

• The Increased Revolving Credit Commitments shall be Revolving Credit Commitments under the Credit Agreement and shall have the terms specified therein and each New Revolving Credit Lender and the Increasing Revolving Credit Lender shall be a Revolving Credit Lender under the Credit Agreement.

• For the avoidance of doubt, the Increased Revolving Credit Commitments (and any Revolving Credit Loans made thereunder) shall be of the same class as the Revolving Credit Commitments (and Revolving Credit Loans) in effect (or outstanding) immediately prior to the effectiveness of the Increased Revolving Credit Commitments.

• The Borrower shall have complied with Section 2.17 of the Existing Credit Agreement to the extent necessary to incur the Increased Revolving Credit Commitments (and Revolving Credit Loans made pursuant thereto).

• On the terms and subject to the satisfaction (or waiver) of the conditions set forth in Section III hereof, each Increasing Revolving Credit Lender agrees to provide Increased Revolving Credit Commitments equal to the amount specified by such Increasing Revolving Credit Lender in its Lender Consent (subject to Syndication Adjustments), in each case, on the Restatement Date.

• The Increased Revolving Credit Commitments shall become effective on the Increase Effective Date.

• Each Eighth Amendment Revolving Credit Lender hereby commits to provide the amount of Increased Revolving Credit Commitments as set forth opposite its name on Part I-B of Schedule 1.1(b) attached hereto pursuant to the terms and conditions hereof.

• Each Revolving Credit Lender party to this Agreement at such time shall have the right (but no obligation), for a period of 30 days following receipt of such notice to elect by notice to the Borrower and the Administrative Agent to increase its Revolving Credit Commitment by a principal amount which bears the same ratio to the Increased Revolving Credit Commitments as its then Revolving Credit Commitment bears to the aggregate Revolving Credit Commitments then existing.