Facility Increases Sample Clauses
Facility Increases. (i) The Company may from time to time after the Closing Date, with the consent of the Administrative Agent, request (i) one or more increases in the Revolving Credit Commitments (each a “Revolving Commitment Increase”) or (ii) one or more increases in the Term Loan Commitments or additional tranches of term loans (each a “Term Loan Increase”); provided, however, that (A) the aggregate principal amount of all Facility Increases shall not exceed $300,000,000 and (B) each Facility Increase shall be in an amount not less than $25,000,000 (or, in the case of additional term loans on terms different from the existing Term Loans, $50,000,000). Nothing in this Agreement shall be construed to obligate the Administrative Agent, the Mexican Facility Agent, any Arranger or any Lender to negotiate, solicit, provide or commit to any Facility Increase. The Administrative Agent shall promptly notify each Lender of each proposed Facility Increase and of the proposed terms and conditions therefor agreed between the Company and the Administrative Agent. Each such Lender (and each of their Affiliates and Approved Funds) may, in its sole discretion, commit to participate in such Facility Increase by forwarding its commitment therefor to the Administrative Agent. The Administrative Agent, upon receipt of written commitments from Eligible Assignees in form and substance satisfactory to the Administrative Agent, shall allocate, in its sole discretion, to each such Eligible Assignee commitments with respect to such Facility Increase not to exceed the amount of written commitments received from such Eligible Assignee. Each Facility Increase shall become effective on a date agreed by the Company and the Administrative Agent (each a “Facility Increase Date”); provided, however, that the conditions precedent set forth in Section 3.4 (Conditions Precedent to Each Facility Increase) shall have been satisfied on or prior to each such Facility Increase Date. The Administrative Agent shall notify the Lenders and the Company, on or before 1:00 p.m., New York City time, on the first Business Day following a Facility Increase Date of the effectiveness of a Facility Increase and shall record in the Register all applicable additional information in respect of such Facility Increase.
(ii) (A) The loans and commitments extended pursuant to any Facility Increase shall rank pari passu in right of payment with all other Loans and Commitments, (B) the Weighted Average Life to Maturity of the addition...
Facility Increases. (a) Pursuant to the terms and subject to the conditions hereof, including Section 2.22
Facility Increases. So long as no Unmatured Event of Default or Event of Default has occurred and is continuing, from time to time prior to the Commitment Termination Date the Borrower may request one or more permanent increases to the Facility Amount (each such increase, a “Facility Increase”), subject to satisfaction of each of the following conditions: (i) the Borrower has delivered to the Administrative Agent (with a copy to the Collateral Agent) a Commitment Adjustment Notice requesting such Facility Increase (which may be via e-mail); (ii) the Borrower has delivered to the Administrative Agent evidence that the Borrower is authorized to agree to such Facility Increase and all requested opinions in respect of the Borrower (which evidence of authorization and opinions may be delivered on the Closing Date); (iii) the Administrative Agent consents to such Facility Increase in its sole discretion; USActive 60058040.860058040.11 -88-
Facility Increases. Borrower Agent may, at any time, deliver a written request to Administrative Agent to request the incurrence of additional term loans (the “Additional Term Loans”). Any such written request shall specify the amount of the Additional Term Loans that Borrowers are requesting; provided, that, (i) in no event shall the aggregate amount of all such Additional Term Loans, together with the aggregate amount of all outstanding Permitted Other Indebtedness, exceed $70,000,000, (ii) such request shall be for an Additional Term Loan of not less than $5,000,000, (iii) any such request shall be irrevocable, (iv) in no event shall there be more than one such increase in any calendar quarter and (v) no Default or Event of Default shall exist or have occurred and be continuing.
Facility Increases. So long as no Unmatured Event of Default or Event of Default has occurred and is continuing, from time to time prior to the Commitment Termination Date the Borrower may request one or more permanent increases to the Facility Amount (each such increase, a “Facility Increase”), subject to satisfaction of each of the following conditions: (i) the Borrower has delivered to the Administrative Agent (with a copy to the Collateral Agent) a Commitment Adjustment Notice requesting such Facility Increase (which may be via e-mail); (ii) the Borrower has delivered to the Administrative Agent evidence that the Borrower is authorized to agree to such Facility Increase and all requested opinions in respect of the Borrower (which evidence of authorization and opinions may be delivered on the Closing Date); (iii) the Administrative Agent consents to such Facility Increase in its sole discretion; (iv) each of the representations and warranties of the Borrower contained in the Transaction Documents shall be true and correct in all material respects as of such date (except to the extent such representations and warranties expressly relate to any earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date as if made on such date); (v) such Facility Increase is in an amount at least equal to $5,000,000 and integral multiples of $5,000,000 in excess thereof; and (vi) the Facility Amount following such Facility Increase will not exceed $1,250,000,000; provided that, the Commitment of Citibank, N.A. shall not exceed $500,000,000 without the prior written consent of Citibank, N.A. in its sole discretion. Section 2.17
Facility Increases. 37 ARTICLE III CONDITIONS
Facility Increases. (i) In connection with the closing of any Revolving Facility Increase, the outstanding Revolving Loans and Participation Interests shall be reallocated by causing such fundings and repayments (which shall not be subject to any processing and/or recordation fees) among the Lenders (which the Company shall be responsible for any costs arising under Section 2.15 resulting from such reallocation and repayments) of Revolving Loans as necessary such that, after giving effect to such Revolving Facility Increase, each Lender will hold Revolving Loans and Participation Interests based on its Revolving Commitment Percentage (after giving effect to such Revolving Facility Increase). (ii) In connection with the closing of any Term Facility Increase, the outstanding Term Loans shall consist of a single tranche of Term Loans such that, after giving effect to such Term Facility Increase, each Lender will hold Term Loans based on its adjusted Term Loan Percentage (after giving effect to such Term Facility Increase).
Facility Increases. Subject to the terms and conditions set forth herein, the Company shall have the right at any time and from time to time (i) prior to the Revolving Loan Maturity Date, to increase the Revolving Committed Amount (each, a “Revolving Facility Increase”) and (ii) prior to the Term Loan Maturity Date, to increase the Term Loan Commitment (each, a “Term Facility Increase” and together with each Revolving Facility Increase, the “Facility Increases”), by an aggregate principal amount for all such Facility Increases of up to $50,000,000 (“Incremental Increase Amount”).
Facility Increases