Common use of Borrower Request Clause in Contracts

Borrower Request. Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new Term B Loan Commitments by an amount not in excess of $75.0 million in the aggregate and not less than $25.0 million individually. Such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrower proposes that the increased or new Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each institution (provided that such institution would be able to be assigned an interest in a Loan under Section 11.04(b)) to whom Borrower proposes any portion of such increased or new Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Commitment.

Appears in 2 contracts

Samples: Credit Agreement (Cpi International, Inc.), Credit Agreement (Cpi International, Inc.)

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Borrower Request. Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new Term B term loan or revolving loan commitments (the "Incremental Loan Commitments Commitments”) by an amount not in excess of $75.0 million 23,250,000 in the aggregate and not less than $25.0 million individuallyany Indebtedness incurred pursuant to Section 6.01(k). Such Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrower proposes that the increased or new Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each institution (provided that such institution would be able to be assigned an interest in a Loan under Section 11.04(b)) Eligible Assignee to whom Borrower proposes any portion of such increased or new Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Commitment.

Appears in 2 contracts

Samples: Credit Agreement (Magnachip Semiconductor LLC), Credit Agreement (Magnachip Semiconductor LLC)

Borrower Request. Borrower Borrowers may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan Commitments (each, an “Incremental Term B Loan Commitments Commitment”) by an amount not in excess of $75.0 million 40,000,000 in the aggregate and not less than $25.0 million 10,000,000 individually. Such Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrower proposes Borrowers propose that the increased or new Incremental Term Loan Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each institution (provided that such institution would be able to be assigned an interest in a Loan under Section 11.04(b)) Eligible Assignee to whom Borrower proposes Borrowers propose any portion of such increased or new Incremental Term Loan Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the increased or new Incremental Term Loan Commitments may elect or decline, in its sole discretion, to provide such increased or new Incremental Term Loan Commitment.

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Prommis Solutions Holding Corp.), Credit and Guaranty Agreement (Prommis Solutions Holding Corp.)

Borrower Request. Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new Term B Loan Commitments (an “Incremental Term Loan Commitment”) by an amount not in excess of $75.0 million 20,000,000 in the aggregate and not less than $25.0 million individuallyaggregate. Such Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrower proposes that the increased or new Term Loan Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each institution person (provided that such institution would which must be able to be assigned an interest in a Loan under Section 11.04(b)Eligible Assignee) to whom Borrower proposes any portion of such increased or new Term Loan Commitments be allocated and the amounts of such allocations; provided that each existing Lender shall have the right to provide its pro rata portion of such new Term Loan Commitment and any existing Lender approached to provide all or a portion of the increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Term Loan Commitment.

Appears in 1 contract

Samples: Credit Agreement (Ivanhoe Energy Inc)

Borrower Request. Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new Term B Loan Commitments by (each, an “Incremental Term Loan Commitment”) in an aggregate amount for all such Incremental Term Loan Commitments not in excess of $75.0 million in the aggregate and not less than $25.0 million individually60,000,000. Such Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrower proposes that the increased or new Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each institution person (provided that such institution would which must be able to be assigned an interest in a Loan under Section 11.04(b)Eligible Assignee) to whom Borrower proposes any portion of such increased or new Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Commitment.

Appears in 1 contract

Samples: Credit Agreement (Salem Communications Corp /De/)

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Borrower Request. Borrower Borrowers may by written notice to the Administrative Agent elect to request the establishment of one or more new Term B Loan Commitments by commitments to make additional Loans after the ARCA Effective Date (each, an “Incremental Commitment”) in an amount not in excess of $75.0 300.0 million in the aggregate and not less than $25.0 50.0 million individually. Such Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrower proposes Borrowers propose that the increased or new Incremental Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each institution (provided that such institution would be able to be assigned an interest in a Loan under Section 11.04(b)) Eligible Assignee to whom Borrower proposes Borrowers propose any portion of such increased or new Incremental Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the increased or new Incremental Commitments may elect or decline, in its sole discretion, to provide such increased or new Incremental Commitment.

Appears in 1 contract

Samples: Credit Agreement (Rovi Corp)

Borrower Request. Borrower may by written notice to the Administrative Agent elect to request the establishment of one or more new term loan commitments (the “Term B Loan Commitments Commitments”) by an amount not in excess of $75.0 million 250,000,000 in the aggregate and not less than $25.0 million 50,000,000 individually. Such Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrower proposes that the increased or new Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each institution (provided that such institution would be able to be assigned an interest in a Loan under Section 11.04(b)) Eligible Assignee to whom Borrower proposes any portion of such increased or new Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the increased or new Commitments may elect or decline, in its sole discretion, to provide such increased or new Commitment.

Appears in 1 contract

Samples: Credit Agreement (MagnaChip Semiconductor LTD (United Kingdom))

Borrower Request. Borrower Borrowers may by written notice to the Administrative Agent elect to request the establishment of one or more new Term B Loan Commitments by commitments to make additional Loans (each, an “Incremental Commitment”) in an amount not in excess of $75.0 250.0 million in the aggregate and not less than $25.0 50.0 million individually. Such Each such notice shall specify (i) the date (each, an “Increase Effective Date”) on which Borrower proposes Borrowers propose that the increased or new Incremental Commitments shall be effective, which shall be a date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent and (ii) the identity of each institution (provided that such institution would be able to be assigned an interest in a Loan under Section 11.04(b)) Eligible Assignee to whom Borrower proposes Borrowers propose any portion of such increased or new Incremental Commitments be allocated and the amounts of such allocations; provided that any existing Lender approached to provide all or a portion of the increased or new Incremental Commitments may elect or decline, in its sole discretion, to provide such increased or new Incremental Commitment.

Appears in 1 contract

Samples: Credit Agreement (Rovi Corp)

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