Increase in Revolving Commitments. Subject to the terms and conditions set forth herein, the Company may, at any time within 180 days of the date hereof, upon written notice to the Administrative Agent, increase the Aggregate Revolving Committed Amount to not more than TWO HUNDRED FIFTY MILLION DOLLARS ($250,000,000); provided that: (i) the Company shall obtain commitments for the amount of the increase from existing Lenders or other commercial banks or financial institutions reasonably acceptable to the Administrative Agent, provided that such other commercial banks and financial institutions join in this Credit Agreement as Lenders by joinder agreement substantially in the form of Schedule 2.1(d) attached hereto or other arrangement reasonably acceptable to the Administrative Agent, (ii) any such increase shall be in a minimum aggregate principal amount of $5 million and integral multiples of $1 million in excess thereof (or the remaining amount, if less), (iii) if any Revolving Loans are outstanding at the time of any such increase, the Company shall make such payments and adjustments on the Revolving Loans (including payment of any break-funding amounts owing under Section 3.12) as may be necessary to give effect to the revised commitment percentages and commitment amounts, and (iv) the conditions to the making of a Revolving Loan set forth in Section 5.2 shall be satisfied. In connection with any such increase in the Revolving Commitments, Schedule 2.1(a) shall be revised to reflect the modified commitments and commitment percentages of the Lenders, and the Company shall provide supporting corporate resolutions, legal opinions, promissory notes and other items as may be reasonably requested by the Administrative Agent and the Lenders in connection therewith.
Appears in 1 contract
Increase in Revolving Commitments. Subject to the terms and conditions set forth herein, the Company Borrower may, at any time within 180 days two years of the date hereofClosing Date, upon written notice to the Administrative Agent, increase the Aggregate Revolving Committed Amount by up to $50 million to not more than TWO THREE HUNDRED FIFTY MILLION DOLLARS ($250,000,000350,000,000); provided that:
(i) the Company Borrower shall obtain commitments for the amount of the increase from existing Lenders or other commercial banks or financial institutions reasonably acceptable to the Administrative Agent, provided that such which other commercial banks and financial institutions shall join in this Credit Agreement as Lenders by joinder agreement substantially in the form of Schedule 2.1(d) Exhibit E attached hereto or other arrangement reasonably acceptable to the Administrative Agent,
(ii) any such increase shall be in a minimum aggregate principal amount of $5 million 5,000,000 and integral multiples of $1 million 1,000,000 in excess thereof (or the remaining amount, if less),
(iii) if any Revolving Loans are outstanding at the time of any such increase, the Company Borrower shall make such payments and adjustments on the Revolving Loans (including payment of any break-funding amounts owing under Section 3.123.05) as may be necessary to give effect to the revised commitment percentages and commitment amounts, and
(iv) the conditions to the making of a Revolving Loan set forth in Section 5.2 4.02 shall be satisfied. In connection with any such increase in the Revolving Commitments, Schedule 2.1(a) 2.01 shall be revised to reflect the modified commitments and commitment percentages of the Lenders, and the Company Borrower shall provide supporting corporate resolutions, legal opinions, promissory notes and other items as may be reasonably requested by the Administrative Agent and the Lenders in connection therewith.
Appears in 1 contract
Increase in Revolving Commitments. Subject to the terms and conditions set forth herein, the Company may, at any time within 180 days of the date hereof, upon written notice to the Administrative Agent, increase the Aggregate Revolving Committed Amount to not more than TWO HUNDRED FIFTY MILLION DOLLARS ($250,000,000); provided that:
(i) the Company Borrower shall obtain commitments for the amount of the increase from existing Lenders or other commercial banks or financial institutions reasonably acceptable to the Administrative Agent, provided that such which other commercial banks and financial institutions shall join in this Credit Agreement as Lenders by joinder agreement substantially in the form of Schedule 2.1(d) attached hereto or other arrangement reasonably acceptable --------------- to the Administrative Agent,
(ii) any such increase shall be in a minimum aggregate principal amount of $5 million and integral multiples of $1 million in excess thereof (or the remaining amount, if less),
(iii) notwithstanding any term of this Credit Agreement to the contrary, the Administrative Agent and the Borrower may agree to increase the rate of interest hereunder,
(iv) if any Revolving Loans are outstanding at the time of any such increase, the Company Borrower shall make such payments and adjustments on the Revolving Loans (including payment of any break-funding amounts owing under Section 3.12) as may be necessary to give effect to the revised commitment percentages and commitment amounts, and
(ivv) the conditions to the making of a Revolving Loan set forth in Section 5.2 shall be satisfied. In connection with any such increase in the Revolving Commitments, Schedule 2.1(a.
(a) shall be revised to reflect the modified commitments and commitment ------ percentages of the Lenders, and the Company Borrower shall provide supporting corporate resolutions, legal opinions, promissory notes and other items as may be reasonably requested by the Administrative Agent and the Lenders in connection therewith.
Appears in 1 contract
Sources: Credit Agreement (Ameripath Inc)
Increase in Revolving Commitments. Subject to the terms and --------------------------------- conditions set forth herein, the Company Borrower may, at any time within 180 days after consummation of a Qualified IPO and the repayment in full of the date hereofTranche A Term Loans, upon written notice to the Administrative Agent, increase the Aggregate Total Revolving Committed Amount Commitments to not more than TWO HUNDRED FIFTY MILLION DOLLARS ($250,000,000)75.0 million; provided that:: --------
(ia) the Company shall obtain commitments for the amount of the increase from existing Lenders or other commercial banks or financial institutions reasonably acceptable to the Administrative Agent, provided that Agent and the Borrower shall have delivered commitments in order to increase the Total Revolving Commitments to not more than $75.0 million and such other commercial banks and financial institutions shall join in this Credit Agreement as Lenders by executing a joinder agreement substantially in the form of Schedule 2.1(d) attached hereto or other arrangement reasonably acceptable to the Administrative Agent,;
(iib) any such increase shall be in a minimum aggregate principal amount of $5 5.0 million and integral multiples of $1 1.0 million in excess thereof (or the remaining amount, if less),;
(iiic) if any Revolving Loans are outstanding at the time of any such increase, the Company Borrower shall make such payments and adjustments on the Revolving Loans (including payment of any break-funding amounts owing under Section 3.122.18) as may be necessary to give effect to the revised commitment percentages and commitment amounts, ; and
(ivd) the conditions to the making of a the Revolving Loan Loans as set forth in Section 5.2 shall be satisfied. In connection with any such increase in the Revolving Commitments, Schedule 2.1(a) 1 ---------- hereto shall be revised to reflect the Lenders' modified commitments commitment amounts and commitment percentages of the Lenders, and the Company Borrower shall provide supporting corporate resolutions, legal opinions, promissory notes and other items docu- mentation as may be reasonably requested by the Administrative Agent and the Lenders in connection therewith.
Appears in 1 contract
Sources: Credit Agreement (American Pharmaceutical Partners Inc /Ca/)
Increase in Revolving Commitments. Subject to the terms and conditions set forth herein, the Company Borrower may, at any time within 180 days of the date hereoftime, upon written notice to the Administrative Agent, increase the Aggregate Revolving Committed Amount to not more than TWO ONE HUNDRED FIFTY TWENTY-FIVE MILLION DOLLARS ($250,000,000125,000,000); provided that:
(i) the Company Borrower shall obtain commitments for the amount of the increase from existing Lenders or other commercial banks or financial institutions reasonably acceptable to the Administrative Agent, provided that such which other commercial banks and financial institutions shall join in this Credit Agreement as Lenders by joinder agreement substantially in the form of Schedule 2.1(dExhibit 2.01(d) attached hereto or other arrangement reasonably acceptable to the Administrative Agent,
(ii) any such increase shall be in a minimum aggregate principal amount of $5 million and integral multiples of $1 million in excess thereof (or the remaining amount, if less),
(iii) if any Revolving Loans are outstanding at the time of any such increase, the Company Borrower shall make such payments and adjustments on the Revolving Loans (including payment of any break-funding amounts owing under Section 3.123.05) as may be necessary to give effect to the revised commitment percentages and commitment amounts, and
(iv) the conditions to the making of a Revolving Loan set forth in Section 5.2 5.02 shall be satisfied. In connection with any such increase in the Revolving Commitments, Schedule 2.1(a) 2.01 shall be revised to reflect the modified commitments and commitment percentages of the Lenders, and the Company Borrower shall provide supporting corporate resolutions, legal opinions, promissory notes and other items as may be reasonably requested by the Administrative Agent and the Lenders in connection therewith.
Appears in 1 contract
Sources: Credit Agreement (Amerigroup Corp)