in Commitments Clause Samples
in Commitments. Borrowers may request an increase in Commitments from time to time upon not less than 30 days’ notice to Agent (or such shorter period as Agent may agree), as long as (a) the requested increase is in a minimum amount of $5,000,000 and is offered on the same terms as existing U.S. Commitments or U.K. Commitments, as applicable, except for a closing fee specified by Borrowers, (b) increases under this Section following the Second Amendment Effective Date do not exceed $50,000,00030,000,000 in the aggregate and no more than threetwo additional increases are made, (c) after giving effect to such increase, total U.K. Commitments do not exceed the U.S. Commitments, and (d) the requested increase does not cause the Commitments to exceed any applicable cap under any intercreditor agreement or the documentation for Permitted Debt. Agent shall promptly notify Lenders of the requested increase and, within 10 Business Days thereafter, each Lender shall notify Agent if and to what extent such Lender commits to increase its Commitment. No Lender is obligated to provide any increase, and any Lender not responding within such period shall be deemed to have declined an increase. If ▇▇▇▇▇▇▇ fail to commit to the full requested increase, Eligible Assignees may issue additional Commitments and become Lenders hereunder. Agent may allocate, in its discretion, the increased Commitments among committing Lenders (but not in an amount less than the pro rata share of any Lender requesting at least its pro rata share of any additional Commitments) and, if necessary, Eligible Assignees. Total Commitments shall be increased by the requested amount (or such lesser amount committed by ▇▇▇▇▇▇▇ and Eligible Assignees) on a date agreed upon by Agent and Borrower Agent, provided the conditions set forth in Section 6.2 are satisfied at such time. Agent, Obligors, and the new and existing Lenders shall execute and deliver such documents and agreements as Agent deems appropriate to evidence the increase in and allocations of Commitments and Obligors shall pay any fees and expenses incurred in connection therewith. On the effective date of an increase, the applicable Revolver Usage and other exposures under the applicable Commitments shall be reallocated among Lenders, and settled by Agent if necessary, in accordance with Lenders’ adjusted shares of such Commitments.
in Commitments. Concurrently with the effectiveness of this Amendment, each New Lender shall become a "Lender" under and for all purposes of the Credit Agreement and shall be bound thereby and entitled to the benefits thereof. The parties hereto acknowledge and agree that the address of each New Lender for purposes of the Credit Agreement is set forth under such Lender's name on the signature pages hereof. Concurrently with the effectiveness of this Amendment, each Lender will have a Commitment as set forth on the signature page hereof and will make available their pro rata share of the Contract Loans.
in Commitments. (a) Subject to the terms and conditions set forth herein, after the Amendment No. 4 Effective Date, the Administrative Borrower shall have the right to request, by written notice to the Administrative Agent, increases in the Legacy Commitments and/or the ETMC Commitments (a “Revolving Commitment Increase”) in an aggregate amount not to exceed $100,000,000; provided that (i) any Revolving Commitment Increase shall be on the terms (including the Maturity Date) and pursuant to the documentation applicable to the Revolving Credit Facilities, (ii) the Administrative Borrower shall only be permitted to request three Revolving Commitment Increases during the term of this Agreement, (iii) each Revolving Commitment Increase with respect to the Legacy Commitments shall be conditioned on receipt by the Administrative Agent of an amendment to the Relative Rights Agreement, duly executed by each of the applicable parties as required by the terms of the Relative Rights Agreement, to increase both the Cap Amount Floor and the Cap Amount (each as defined in the Relative Rights Agreement) by an amount not less than the amount of such Revolving Commitment Increase and