Revolver Increase. On and after the Closing Date, Borrower may, at its option at any time in increments of not less than $5,000,000, seek to increase (the “Revolver Increase”) the Revolving Commitment Amount by up to an aggregate of $45,000,000 (after giving effect to all such increases the Revolving Commitment Amount shall not exceed $95,000,000) upon at least 30 days (but not more than 45 days) written notice (“Revolver Increase Notice”) to the Agent (which notice Agent shall promptly deliver to the Lenders). The Revolver Increase Notice shall (a) specify the date upon which the Revolver Increase is requested to occur, (b) be delivered at a time when no Default or Event of Default has occurred and is continuing (and the effectiveness of the Revolver Increase shall be subject to no Default or Event of Default existing of the time of the Revolver Increase) and (c) certify that the Revolver Increase will not violate or conflict with the terms of any Indebtedness or any other contract, agreement, instrument or obligation of any Credit Party. Borrower shall, after giving a Revolver Increase Notice, offer the Revolver Increase (i) first on a pro-rata basis to the Lenders, which each Lender may in its sole and absolute discretion accept or decline (it being understood that any Lender not affirmatively committing in writing to its pro-rata portion shall be deemed to have declined), (ii) second, if any Lender has declined its pro rata share or any part thereof, such remaining amounts on a non pro-rata basis to the Lenders accepting their pro rata share of the Revolver Increase and (iii) third, to other commercial banks or financial institutions. No increase in the Revolving Commitment Amount shall become effective until all existing and new Lenders committing to the Revolver Increase have delivered to the Agent a writing in form reasonably satisfactory to the Agent pursuant to which such existing Lenders state the amount of their Revolver Increase and any such new Lenders state the amount of their Revolver Commitment and agree to assume and accept the obligations and rights of a Lender hereunder and any such new and increasing Lenders agree to make a Revolving Loan such that the outstanding Revolving Loans of such new Lender or increasing Lender constitute a proportional amount of the aggregate outstanding Revolving Loans and Letter of Credit Obligations based on the Revolver Commitment of such new Lender. Any Revolving Loan as a result of an increase to the Revolver Commitment pur...
Revolver Increase. (A) Upon satisfaction of the conditions precedent set forth in the definition of Revolver Increase and effective as of the date specified in writing by the Administrative Agent, the Revolving Loan Commitment Amount may be increased in the aggregate by the lesser of (1) $15,000,000 and (2) the Maximum Incremental Amount. The Administrative Agent shall select and reasonably approve one or more Lenders (including any Person not previously a Lender hereunder who executes and delivers a joinder agreement executed by the Borrower, the Administrative Agent and such Lender, in form and substance reasonably acceptable to each of them) to participate in any Revolver Increase. Lenders shall have no obligation and no right to participate in any Revolver Increase.
Revolver Increase. (a) Provided that no Event of Default has occurred and is continuing, the Borrower shall have the right at any time through that date that is the first anniversary of the date of this Agreement, on not more than three (3) occasions, and upon not less than Five (5) Business Days prior written notice to the Lender, to elect to increase the Maximum Revolver Amount by up to $10,000,000.00 in the aggregate, in minimum increments of $2,500,000.00 (each a “Revolver Increase”) from the amount in effect on the date of this Agreement ($25,000,000.00) to an amount of up to $35,000,000.00. Upon any Revolver Increase, the Maximum Revolver Amount shall be increased to the elected amount and shall thereafter be deemed the then existing Maximum Revolver Amount for all purposes under this Agreement.
Revolver Increase. The Administrative Agent shall have received an officer’s certificate signed by an authorized officer of the Borrowers attaching updated financial projections demonstrating that, after giving effect to the Revolver Increase on the Fifth Amendment Effective Date and any borrowings thereunder on the Fifth Amendment Effective Date for such Revolver Increase on a Pro Forma Basis, the Borrowers will be in compliance with the financial covenants set forth in Section 5.9 of the Credit Agreement.
Revolver Increase. (1) Certain Lenders (each, an “Increasing Lender”) agree to increase their respective Multicurrency Revolving Commitments on the Second Amendment Effective Date. Pursuant to Section 2.9 of the Credit Agreement, the amount set forth opposite each Lender’s name in the column headed “Multicurrency Revolving Commitment” on Schedule 1.1(a) of the Credit Agreement is deemed amended and replaced with the amount set forth opposite such Lender’s name in the column headed “Multicurrency Revolving Commitment” on the Schedule 1.1(a) attached hereto, which schedule reflects the new Multicurrency Revolving Commitments after giving effect to this clause. The Lenders hereby waive the notice requirements set forth in Section 2.9(a) of the Credit Agreement.
Revolver Increase. See (S)2.1.2.
Revolver Increase. With effect on and after the Effective Date (as defined in Section 3 hereof), (i) Congress Financial shall be a party to the Credit Agreement and succeed to all of the rights and be obligated to perform all of the obligations of a Revolving Lender under the Credit Agreement, including the requirements concerning confidentiality and the payment of indemnification, with a Revolving Credit Commitment in an amount equal to $20,000,000, (ii) Congress Financial shall have acquired a participation in its Pro Rata Share of the Lenders’ liabilities under Letters of Credit and Credit Support, which as of the date hereof is in an aggregate pricipal amount of $497,968.91 and (iii) the revolving line of credit under the Credit Agreement shall be increased from $100,000,000 to $120,000,000 (the “Revolver Increase”). Congress Financial agrees (i) to be bound by the terms and conditions set forth in the Credit Agreement as if it were an original signatory thereto and (ii) to perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a Revolving Lender.
Revolver Increase. Pursuant to Section 2.1.2 of the Credit Agreement, Agent and Lenders hereby consent to the Revolver Increase and Lenders hereby waive their right to participate, to the extent of their respective Pro Rata Shares, in such Revolver Increase except to the extent of the participations in the Revolver Increase that are detailed herein. Borrower, Agent and Lenders hereby agree the Revolver Increase shall be effective immediately upon the effectiveness of this amendment pursuant to the provisions of Section 7 hereof (the “Effective Date”). After giving effect to the Revolver Increase on the Effective Date, the aggregate amount of the Revolving Loan Commitments is $300,000,000 and all references in the Credit Agreement and the other Loan Documents to the Revolving Loan Commitment shall be considered a reference to the Revolving Loan Commitment as increased hereby. Borrower acknowledges and agrees that such Revolver Increase shall become part of the Revolving Loan Commitments for all purposes under the Credit Agreement and under the Collateral Documents and shall be secured by the Collateral in all respects.
Revolver Increase. Subject to the satisfaction of the conditions to the Agreement Effective Date set forth in Section 5 hereof, the parties hereto, pursuant to the terms of Section 2.4(g) of the Credit Agreement, hereby agree as follows:
Revolver Increase. Borrower has requested an Increase in the amount of $10,000,000 in accordance with Section 2.14 of the Credit Agreement. In connection with the request for such Increase, HSBC, in its capacity as a Lender, has agreed to increase the amount of its Revolver Commitment by $9,000,000 and The PrivateBank and Trust Company, in its capacity as a Lender, has agreed to increase the amount of its Revolver Commitment by $1,000,000. Agent has reasonably determined that this Agreement shall constitute an “Increase Joinder” pursuant to the terms of Section 2.14(b) of the Credit Agreement and that each of the other conditions set forth in Section 2.14 of the Credit Agreement with respect to the requested Increase will have been satisfied upon this Agreement’s becoming effective. Accordingly, the requested Increase will become effective upon the satisfaction of each of the conditions to effectiveness set forth in Section 4 of this Agreement.
