Increase of Revolving Credit Commitments. The Borrower shall have the right to increase the Revolving Credit Commitments from time to time in an aggregate principal amount not to exceed $500,000,000 upon prior notice to the Administrative Agent and pursuant to procedures established by the Administrative Agent and acceptable to the Borrower. Each such increase (each, an “Additional Revolving Credit Commitment”) shall be in a principal amount of at least $25,000,000, and no such increase shall become effective (i) if a Default or Event of Default then exists or would exist immediately after giving effect thereto and (ii) unless all representations and warranties made by the Borrower required to be made pursuant to subsection 7.2 in this Agreement and the other Loan Documents are true in all material respects as of the date of such increase. Each bank or other financial institution (other than an existing Lender or Lender Affiliate providing any Additional Revolving Credit Commitments) shall be reasonably acceptable to the Administrative Agent and the Borrower and shall be a “Lender” for all purposes under this Agreement. No Lender shall have any obligation to provide any such Additional Revolving Credit Commitments unless and until it shall expressly agree under the applicable procedures to do so, at which time such Lender shall be deemed to have made an Additional Revolving Credit Commitment. The Lenders agree that this Agreement and the other Loan Documents may be amended from time to time with the consent of the Administrative Agent and the Borrower to reflect such Additional Revolving Credit Commitments in connection with this subsection 2.17.
Increase of Revolving Credit Commitments. (a) In the event that the Borrower wishes to increase the Total Revolving Credit Commitments at any time when no Default or Event of Default has occurred and is continuing, it shall notify the Administrative Agent in writing of the amount (the “Offered Increase Amount”) of such proposed increase (such notice, a “Revolving Credit Commitment Increase Notice”), and the Administrative Agent shall notify each Lender of such proposed increase and provide such additional information regarding such proposed increase as any Lender may reasonably request. The Borrower may, at its election and with the consent of the Administrative Agent and the Issuing Lender (which consents shall not be unreasonably withheld), (i) offer one or more of the Lenders the opportunity to participate in all or a portion of the Offered Increase Amount pursuant to paragraph (c) below and/or (ii) offer one or more additional banks, financial institutions or other entities the opportunity to participate in all or a portion of the Offered Increase Amount pursuant to paragraph (b) below. Each Revolving Credit Commitment Increase Notice shall specify which Lenders and/or banks, financial institutions or other entities the Borrower desires to participate in such Revolving Credit Commitment increase. The Borrower or, if requested by the Borrower, the Administrative Agent, will notify such Lenders and/or banks, financial institutions or other entities of such offer.
Increase of Revolving Credit Commitments. Notwithstanding anything to the contrary contained in this Agreement, the Administrative Agent, the Borrower and one or more financial institutions (including any existing Lender) may from time to time enter into an amendment to this Agreement solely for the purpose of adding such financial institution as a Lender with a Revolving Credit Commitment under this Agreement (or, if such financial institution is already a Lender, increasing its Revolving Credit Commitment); provided that (a) after giving effect to such amendment, (i) the aggregate Revolving Credit Commitments of all of the Lenders (including any new Lender) will not exceed Two Hundred Twenty-Five Million Dollars ($225,000,000) and (ii) the sum of (A) the aggregate amount of increases in the Revolving Credit Commitments made pursuant to this Section 14.22 plus (B) the aggregate amount of Incremental Term Loans shall not exceed One Hundred Fifty Million Dollars ($150,000,000), (b) on the effective date of such amendment the outstanding Revolving Credit Loans will be deemed to be reallocated among the Lenders (including any new Lender) so that such Revolving Credit Loans are pro rata to the Revolving Credit Commitments of all of the Lenders after giving effect to such amendment, and the new Lender (or the existing Lender whose Commitment is being increased) will pay to the Administrative Agent for the account of the other Lenders such amount as is necessary to accomplish such result, (c) the Borrower shall simultaneously pay to each existing Lender any funding losses to be incurred by such lender in connection with the payment to be received by such Lender pursuant to clause (b) above, (d) on the effective date of such amendment such financial institution enters into a Lender Addendum accepted and agreed to by the Borrower and the Administrative Agent with respect to the such Revolving Credit Commitment (or increase in its Revolving Credit Commitment, as the case may be) and (e) no Lender shall be obligated to enter into any such amendment or increase its Revolving Credit Commitment. Any such amendment shall be in form and substance satisfactory to the Administrative Agent who shall promptly provide a copy thereof to each Lender.
Increase of Revolving Credit Commitments. (i) Subject to satisfaction of the conditions set forth in Section 3 below, on the Fourth Amendment Effective Date, the Borrower, the Agent and the Lenders hereby increase the Revolving Credit Commitments from $300,000,000 to $450,000,000 so that after giving effect to such increase, each Lender has the Revolving Credit Commitment as set forth opposite such Lender’s name on the amended and restated Schedule 1.1(B) attached to this Fourth Amendment.
Increase of Revolving Credit Commitments. (a) The Borrower shall have the right at any time after the Closing Date to request that the aggregate Revolving Credit Commitments hereunder be increased (a “Commitment Increase”) in accordance with the following provisions and subject to the following conditions:
Increase of Revolving Credit Commitments. (a) The Company may from time to time, by notice to the US Administrative Agent, request that the US Revolving Credit Commitments and/or the Canadian Revolving Credit Commitments be increased on or prior to December 31, 1999 by 2 2 an amount that is not less than US$25,000,000 or C$25,000,000, as the case may be, and will not result in the aggregate amount of the US Revolving Credit Commitments and the Canadian Revolving Credit Commitments exceeding US$700,000,000, provided that the aggregate amount of the Canadian Revolving Credit Commitments and principal amount of all Canadian Term Loans outstanding after giving effect thereto may not exceed C$250,000,000 unless the applicable Canadian Security Documents have been amended in a manner reasonably satisfactory to the Canadian Administrative Agent to reflect such greater amount. (For purposes of calculations pursuant to this subsection all amounts denominated in Canadian Dollars shall be converted to US Dollars at the US$ Equivalent amount thereof.) Upon receipt of such notice the US Administrative Agent shall seek to obtain the agreement of one or more of the US Revolving Credit Lenders and/or Canadian Revolving Credit Lenders to increase its or their US Revolving Credit Commitments and/or, as the case may be, Canadian Revolving Credit Commitments by an aggregate amount equal to the increase so requested by the Company."
Increase of Revolving Credit Commitments. Upon the effectiveness of this Amendment pursuant to Section 4 below, the aggregate amount of the Revolving Credit Commitments as of the Effective Date is hereby increased from $300,000,000 to $400,000,000 (the “Revolving Credit Commitment Increase”). Schedule 2.01 of the Credit Agreement is hereby replaced in its entirety with the Schedule 2.01 attached hereto, which reflects the Term Commitment and Revolving Credit Commitment of each Existing Lender (including the Existing Lenders who have severally agreed to increase their respective Revolving Credit Commitments (each an “Increasing Lender” and, collectively, the “Increasing Lenders”) and the New Lender as of the Effective Date.
Increase of Revolving Credit Commitments. (a) HomeSide may from time to time, by notice to the Administrative Agent, request that the Tranche A and Tranche B Commitments be increased by an aggregate amount that is not less than $10,000,000 and will not result in the aggregate amount of the Commitments for all Lenders exceeding $3,000,000,000 after giving effect thereto, provided that such increase shall be allocated proportionally among the Tranche A Commitments and Tranche B Commitments such that, after giving effect to such increase, the total amount of each of the Tranche A Commitments and Tranche B Commitments bears the same relative proportion immediately before giving effect thereto. Upon receipt of such notice the Administrative Agent will seek the agreement of one or more existing or new Lenders to increase or, in the case of new Lenders, provide, its or their Tranche A Commitments and Tranche B Commitments in an aggregate amount equal to the increase so requested by such Borrower.
Increase of Revolving Credit Commitments. Clause (a) of the proviso in the first sentence of Section 14.22(a) of the Credit Agreement shall be amended to read as follows:
Increase of Revolving Credit Commitments. Pursuant to Section 2.20 of the Credit Agreement, the Revolving Credit Commitments of the Increasing Lender is hereby increased from $ to .
