Common use of Increase Effective Date and Allocations Clause in Contracts

Increase Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent and the Company shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Company and the Lenders of the final allocation of such increase and the Increase Effective Date. No such increase in the Aggregate Commitments shall increase any of the Alternative Currency Sublimit, the Letter of Credit Sublimit, the Designated Borrower Sublimit or the Swing Line Sublimit.

Appears in 2 contracts

Samples: Credit Agreement (Towers Watson Delaware Inc.), Credit Agreement (Towers Watson & Co.)

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Increase Effective Date and Allocations. If the Aggregate Commitments are increased in accordance with this Section, the Administrative Agent and the Company shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Company and the Lenders of the final allocation of such increase and the Increase Effective Date. No such increase in the Aggregate Commitments shall increase any of the Alternative Currency Sublimit, the Letter of Credit Sublimit, the Designated Borrower Sublimit or the Swing Line Sublimit.

Appears in 1 contract

Samples: Credit Agreement (Towers Watson & Co.)

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Increase Effective Date and Allocations. If the Aggregate Revolving Credit Commitments are increased in accordance with this SectionSection 2.18, the Administrative Agent and the Company Borrower Agent shall determine the effective date (the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly notify the Company Borrower Agent and the Revolving Credit Lenders of the final allocation of such increase and the Increase Effective Date. No such increase in the Aggregate Commitments shall increase any of the Alternative Currency Sublimit, the Letter of Credit Sublimit, the Designated Borrower Sublimit or the Swing Line Sublimit.

Appears in 1 contract

Samples: Credit Agreement (Ferroglobe PLC)

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