Increase in Term Commitments. (a) Upon notice to the Administrative Agent (which shall promptly notify the Lenders), at any time after the Closing Date, any Borrower may on up to three (3) different occasions (in the aggregate for all Borrowers) request additional Term Commitments; provided that (i) after giving effect to any such addition, the aggregate amount of additional Term Commitments that have been added pursuant to this Section 2.14 shall not exceed $250,000,000, (ii) any such addition shall be in an aggregate amount of $50,000,000 or any whole multiple of $1,000,000 in excess thereof (provided that such amount may be less than $50,000,000 if such amount represents all remaining availability under the aggregate limit in respect of additional Term Commitments set forth in clause (i) to this proviso), (iii) the final maturity date of any Additional Term Loans shall be no earlier than the Maturity Date of the Term Loans, (iv) the average life to maturity of the Additional Term Loans shall be no shorter than the remaining average life to maturity of the Term Loans, and (v) if the initial yield of any Additional Term Loans (as determined by the Administrative Agent to be equal to the sum of (x) the Applicable Rate with respect to the Additional Term Loans and (y) if the Additional Term Loans are initially made at a discount or the Lenders making the same receive a fee from the applicable Borrower or any Subsidiary for doing so (the amount of such discount or fee, expressed as a percentage of the Additional Term Loans, being referred to herein as “OID”), the amount of OID divided by the lesser of (A) the average life to maturity of such Additional Term Loans and (B) four) exceeds the Applicable Rate then in effect for Term Loans by more than 50 basis points (the amount of such excess being referred to herein as “Yield Differential”), then each Applicable Rate for each adversely effected Term Loan shall automatically be increased by the Yield Differential, effective upon the making of the Additional Term Loans. At the time of the sending of such notice, the applicable Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Lenders). Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to provide an additional Term Commitment to the applicable Borrower a...
Increase in Term Commitments. (a) The Borrower from time to time may, by written notice to the Administrative Agent, request Incremental Term Commitments in an amount not to exceed the Incremental Term Amount from Lenders or other Persons reasonably acceptable to the Administrative Agent willing to provide such Incremental Term Commitments. The notice shall set forth (i) the amount of the Incremental Term Commitments being requested (which shall be in minimum increments of $1,000,000 and a minimum amount of $20,000,000 or equal to the remaining Incremental Term Amount), (ii) the date on which such Incremental Term Commitments are requested to be made, (iii) any requested differences between the Incremental Term Loans and the existing Term Loans (which shall not be effective until set forth in an executed Incremental Commitment Agreement), provided, that in any event (A) the Weighted Average Life to Maturity of all Incremental Term Loans shall be no shorter than the Weighted Average Life to Maturity of the Initial Term Loans at the time of the borrowing of such Incremental Term Loan, and (B) the maturity date of any Incremental Term Loans shall be no shorter than the final maturity of the Initial Term Loans, and (iv) whether such Incremental Term Loans are to have the same interest rate margin as the Initial Term Loans or whether such Incremental Term Loans are to have a different interest rate margin than the Initial Term Loans (“Other Term Loans”). All Incremental Term Loans (including Other Term Loans) shall be made on substantially identical terms as the Initial Term Loans, except as set forth in any applicable Incremental Commitment Agreement, and, in the case of Other Term Loans, with respect to the interest rate margin applicable thereto. No Agent or Lender shall be obligated to deliver or fund any Incremental Term Commitment.
Increase in Term Commitments. (a) Upon notice to Administrative Agent, Borrower may from time to time, request the addition of one or more new term loan facilities (each an “Incremental Facility”) (each such request for an Incremental Facility being a “Term Commitment Increase” and each such loan thereunder an “Incremental Loan”); provided that (i) any such request for Term Commitment Increase shall be in a minimum amount of $50,000,000 and in minimum additional amounts of $5,000,000 (unless otherwise agreed by Administrative Agent) and (ii) the aggregate amount of Term Commitment Increases and Incremental Facilities effected from time to time after the Effective Date shall not exceed such amounts as would cause the Leverage Ratio as of the end of any fiscal quarter of Borrower to be greater than 5.75 to 1.00. The terms and provisions of the Term Commitment Increase shall be on terms of which are identical to the Term Loan Facility at the time of the incurrence of such Incremental Facility. The Incremental Loans in respect of any Incremental Facility shall rank equal in right of payment with the Loans and shall be guaranteed only by the Guarantors.
Increase in Term Commitments. Subject to the satisfaction of the conditions set forth under Section 7(a) of this Amendment, the Credit Agreement is hereby amended as follows:
Increase in Term Commitments. (a) The Borrower may, by written notice to the Administrative Agent from time to time, request Incremental Term Commitments in an amount not to exceed $75,000,000 the “Incremental Term Loan Amount” from one or more Incremental Term Lenders (which may include any existing Lender) willing to provide such Incremental Term Loans in their own discretion; provided, that (i) before submitting any such request to a Person that is not a Lender, the Borrower shall first give each existing Lender the opportunity to provide such Incremental Term Commitments (in which case, existing Lenders shall have no more than two (2) Business Days from the date of such notice to indicate whether they are willing to provide such Incremental Term Loans) and (ii) each Incremental Term Lender, if not already a Lender hereunder, shall be subject to the approval of the Administrative Agent (which approval shall not be unreasonably withheld). Such notice shall set forth (i) the amount of the Incremental Term Commitments being requested (which shall be in a minimum amount of $25,000,000 or equal to the remaining Incremental Term Loan Amount), (ii) the date on which such Incremental Term Commitments are requested to become effective (which shall not be less than 10 Business Days after the date of such notice) and (iii) whether such Incremental Term Commitments are to be Term Commitments or commitments to make term loans with terms different from the Term Loans (“Other Term Loans”).
Increase in Term Commitments. (a) Upon notice to the Administrative Agent (which shall promptly notify the Lenders), at any time after the Closing Date, the Borrowers may on up to five different occasions request additional Term Commitments; provided that (i) after giving effect to any such addition, the aggregate amount of additional Term Commitments that have been added pursuant to this Section 2.14 shall not exceed $500,000,000, and (ii) any such addition shall be in an aggregate amount of $50,000,000 or any whole multiple of $10,000,000 in excess thereof.
Increase in Term Commitments. (a) Pursuant to Section 2.13(b) of the Credit Agreement, the Borrower hereby requests, and the Administrative Agent and the Lenders agree, that each First Amendment Increasing Term Lender shall, after giving effect hereto and as of the Effective Date (as hereinafter defined), increase its Term Commitment under the Credit Agreement by an amount equal to the amount set forth opposite such Lender’s name in Schedule 1 hereto as its “Incremental Term Commitment”. Each of the parties hereto agrees that the Effective Date shall also be the Term Loan Increase Effective Date under the Credit Agreement with respect to the increase in Term Commitments contemplated by this Amendment.
Increase in Term Commitments. (a) With the consent of the Administrative Agent, the Borrower from time to time may, by written notice to the Administrative Agent, request Incremental Term Commitments in an amount not to exceed the Incremental Term Amount from Lenders or other Persons approved by the Administrative Agent willing to provide such Incremental Term Commitments. No Agent or Lender shall be obligated to deliver or fund any Incremental Term Commitment except as expressly agreed to in writing by any such Person in an Incremental Term Assumption Agreement. The notice shall set forth (i) the amount of the Incremental Term Commitments being requested (which shall be in minimum increments of $1,000,000 and a minimum amount of $5,000,000 or equal to the remaining Incremental Term Amount), (ii) the date on which such Incremental Term Commitments are requested to become effective and (iii) that such Incremental Term Commitments will provide for an additional funding of Term Loans on such date on the terms and conditions set forth herein applicable to the Term Loans.
Increase in Term Commitments. (a) Provided there exists no Default, upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Borrower may on up to three (3) different occasions (in the aggregate with Section 2.15), request an increase in the Term Commitments by an amount not exceeding $100,000,000; provided, that (i) after giving effect to any such increase in the Term Commitments, the aggregate amount of increased Commitments that have been effected pursuant to this Section 2.14 and Section 2.15 shall not exceed $100,000,000 at any time and (ii) any such increase shall be in an aggregate amount of $500,000 or any whole multiple of $100,000 in excess thereof. At the time of the sending of such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Lenders). Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Term Commitment and, if so, whether by an amount equal to, greater than, or less than its Pro Rata Share of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Commitment. The Administrative Agent shall notify the Borrower and each Lender of the Lenders' responses to each request made hereunder. To achieve the full amount of a requested increase, the Borrower may also invite additional Eligible Assignees to become Lenders pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent and its counsel.
Increase in Term Commitments
