Common use of INCREASE IN AGGREGATE COMMITMENTS AND INCREMENTAL TERM LOANS Clause in Contracts

INCREASE IN AGGREGATE COMMITMENTS AND INCREMENTAL TERM LOANS. (a) Increase in Aggregate Commitments and Incremental Term Loans Generally. So long as the Aggregate Commitments have not previously been voluntarily reduced pursuant to Section 2.07, and subject to the further conditions set forth in Section 2.15(c), upon notice to Administrative Agent by the Administrative Borrower, on behalf of the Borrowers, at any time after the Closing Date but not less than thirty days prior to the Revolving Credit Maturity Date, the Borrowers may (i) incur additional Indebtedness under this Agreement in the form of one or more new term loan facilities under this Agreement (each, an “Incremental Term Loan”) and/or (ii) request one or more Additional Revolving Credit Commitments; provided that (A) after giving effect thereto, the aggregate amount of Additional Revolving Credit Commitments and Incremental Term Loans that have been added pursuant to this Section 2.15 will not exceed $350,000,000; (B) any such addition will be in a minimum aggregate amount of $25,000,000 or any whole multiple of $5,000,000 in excess thereof (provided that such amount may be less than $25,000,000 if such amount represents all remaining availability under the aggregate limit in respect of Additional Revolving Credit Commitments and Incremental Term Loans set forth in clause (A) of this proviso); and (C) the Borrowers may request a maximum of three such Additional Revolving Credit Commitments and/or Incremental Term Loans.

Appears in 1 contract

Samples: Credit Agreement (Ch2m Hill Companies LTD)

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INCREASE IN AGGREGATE COMMITMENTS AND INCREMENTAL TERM LOANS. (a) Increase rrr)Increase in Aggregate Commitments and Incremental Term Loans Generally. So long as the Aggregate Commitments have not previously been voluntarily reduced pursuant to Section 2.07, and subject to the further conditions set forth in Section 2.15(c), upon notice to Administrative Agent by the Administrative Borrower, on behalf of the Borrowers, at any time after the Closing Date but not less than thirty days prior to the Revolving Credit Maturity Date, the Borrowers may (i) incur additional Indebtedness under this Agreement in the form of one or more new term loan facilities under this Agreement (each, an “Incremental Term Loan”) and/or (ii) request one or more Additional Revolving Credit Commitments; provided that (A) after giving effect thereto, the aggregate amount of Additional Revolving Credit Commitments and Incremental Term Loans that have been added pursuant to this Section 2.15 will not exceed $350,000,000350,000,000200,000,000; (B) any such addition will be in a minimum aggregate amount of $25,000,000 or any whole multiple of $5,000,000 in excess thereof (provided that such amount may be less than $25,000,000 if such amount represents all remaining availability under the aggregate limit in respect of Additional Revolving Credit Commitments and Incremental Term Loans set forth in clause (A) of this proviso); and (C) the Borrowers may request a maximum of three such Additional Revolving Credit Commitments and/or Incremental Term Loans.

Appears in 1 contract

Samples: Credit Agreement (Ch2m Hill Companies LTD)

INCREASE IN AGGREGATE COMMITMENTS AND INCREMENTAL TERM LOANS. (a) Increase in Aggregate Commitments and Incremental Term Loans Generally. So long as the Aggregate Commitments have not previously been voluntarily reduced pursuant to Section 2.07, and subject to the further conditions set forth in Section 2.15(c), upon notice to Administrative Agent by the Administrative Borrower, on behalf of the Borrowers, at any time after the Closing Date but not less than thirty days prior to the Revolving Credit Maturity Date, the Borrowers may (i) incur additional Indebtedness under this Agreement in the form of one or more new term loan facilities under this Agreement (each, an “Incremental Term Loan”) and/or (ii) request one or more Additional Revolving Credit Commitments; provided that (A) after giving effect thereto, the aggregate amount of Additional Revolving Credit Commitments and Incremental Term Loans that have been added pursuant to this Section 2.15 will not exceed $350,000,0000; (B) any such addition will be in a minimum aggregate amount of $25,000,000 or any whole multiple of $5,000,000 in excess thereof (provided that such amount may be less than $25,000,000 if such amount represents all remaining availability under the aggregate limit in respect of Additional Revolving Credit Commitments and Incremental Term Loans set forth in clause (A) of this proviso); and (C) the Borrowers may request a maximum of three such Additional Revolving Credit Commitments and/or Incremental Term Loans.

Appears in 1 contract

Samples: Credit Agreement (Ch2m Hill Companies LTD)

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INCREASE IN AGGREGATE COMMITMENTS AND INCREMENTAL TERM LOANS. (a) Increase in Aggregate Commitments and Incremental Term Loans Generally. So long as the Aggregate Commitments have not previously been voluntarily reduced pursuant to Section 2.07, and subject to the further conditions set forth in Section 2.15(c), upon notice to Administrative Agent by the Administrative Borrower, on behalf of the Borrowers, at any time after the Closing Date but not less than thirty days prior to the Revolving Credit Maturity Date, the Borrowers may (i) incur additional Indebtedness under this Agreement in the form of one or more a new term loan facilities facility under this Agreement (each, an “Incremental Term Loan”) and/or (ii) request one or more Additional Revolving Credit Commitments; provided that (A) after giving effect thereto, the aggregate amount of Additional Revolving Credit Commitments and Incremental Term Loans that have been added pursuant to this Section 2.15 will not exceed $350,000,000200,000,000; (B) any such addition will be in a minimum aggregate amount of $25,000,000 or any whole multiple of $5,000,000 in excess thereof (provided that such amount may be less than $25,000,000 if such amount represents all remaining availability under the aggregate limit in respect of Additional Revolving Credit Commitments and Incremental Term Loans set forth in clause (A) of this proviso); and (C) the Borrowers may request a maximum of three such Additional Revolving Credit Commitments and/or Incremental Term Loans.

Appears in 1 contract

Samples: Ch2m Constructors (Ch2m Hill Companies LTD)

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