Common use of Increase of Aggregate Revolving Loan Commitment Clause in Contracts

Increase of Aggregate Revolving Loan Commitment. (A) At any time, the Company may request (in consultation with the Administrative Agent) that the Aggregate Revolving Loan Commitment be increased by an aggregate amount of up to $75,000,000, provided, that, after giving effect to any such increase, the Aggregate Revolving Loan Commitment shall not exceed $200,000,000. Such request shall be made in a written notice given to the Administrative Agent and the Lenders by the Company not less than twenty (20) Business Days prior to the proposed effective date of such increase, which notice (a “Commitment Increase Notice”) shall specify the amount of the proposed increase in the Aggregate Revolving Loan Commitment and the proposed effective date of such increase. In the event of such a Commitment Increase Notice, each of the Lenders shall be given the opportunity to participate in the requested increase ratably in proportions that their respective Revolving Loan Commitments bear to the Aggregate Revolving Loan Commitment. No Lender shall have any obligation to increase its Revolving Loan Commitment.

Appears in 2 contracts

Samples: Credit Agreement (Steelcase Inc), Credit Agreement (Steelcase Inc)

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Increase of Aggregate Revolving Loan Commitment. (A) At any time, the Company Borrower may request (in consultation with the Administrative Agent) that the Aggregate Revolving Loan Commitment be increased by an aggregate amount of up to $75,000,00020,000,000 without the prior written consent of the Required Lenders, provided, that, after giving effect to any such increase, the Aggregate Revolving Loan Commitment shall not at no time exceed $200,000,00050,000,000. Such request shall be made in a written notice given to the Administrative Agent and the Lenders by the Company Borrower not less than twenty (20) Business Days prior to the proposed effective date of such increase, which notice (a “Commitment Increase Notice”"COMMITMENT INCREASE NOTICE") shall specify the amount of the proposed increase in the Aggregate Revolving Loan Commitment and the proposed effective date of such increase. In the event of such a Commitment Increase Notice, each of the Lenders shall be given the opportunity to participate in the requested increase ratably in proportions that their respective Revolving Loan Commitments bear to the Aggregate Revolving Loan Commitment. No Lender shall have any obligation to increase its Revolving Loan CommitmentCommitment pursuant to a Commitment Increase Notice.

Appears in 1 contract

Samples: Credit Agreement (Schawk Inc)

Increase of Aggregate Revolving Loan Commitment. (A) At any time, the Company may request (in consultation with the Administrative Agent) that the Aggregate Revolving Loan Commitment be increased by an aggregate amount of up to $75,000,000100,000,000 without the prior written consent of all of the Lenders, provided, that, after giving effect to any such increase, the Aggregate Revolving Loan Commitment shall not at no time exceed $200,000,000300,000,000. Such request shall be made in a written notice given to the Administrative Agent and the Lenders by the Company not less than twenty (20) Business Days prior to the proposed effective date of such increase, which notice (a “Commitment Increase Notice”"COMMITMENT INCREASE NOTICE") shall specify the amount of the proposed increase in the Aggregate Revolving Loan Commitment and the proposed effective date of such increase. In the event of such a Commitment Increase Notice, each of the Lenders shall be given the opportunity to participate in the requested increase ratably in proportions that their respective Revolving Loan Commitments bear to the Aggregate Revolving Loan Commitment. No Lender shall have any obligation to increase its Revolving Loan Commitment.

Appears in 1 contract

Samples: Credit Agreement (Steelcase Inc)

Increase of Aggregate Revolving Loan Commitment. (A) At any time, the Company may request arrange (in consultation with the Administrative Agent) that for the Aggregate Revolving Loan Commitment to be increased by an aggregate amount of up to $75,000,000, 100,000,000 without the prior written consent of all of the Lenders; provided, that, after giving effect to any such increase, that the Aggregate Revolving Loan Commitment shall not at no time exceed $200,000,0001,000,000,000. Such request The Company shall be made provide notice of such proposed increase in a written notice given to the Administrative Agent and the Lenders by the Company not less than twenty (20) Business Days prior to the proposed effective date of such increase, which notice (a “Commitment Increase Notice”) shall specify the amount of the proposed increase in the Aggregate Revolving Loan Commitment and the proposed effective date of such increase. In the event of such a Commitment Increase Notice, each of the Lenders shall be given the opportunity to participate in the requested increase ratably in proportions that their respective Revolving Loan Commitments bear to the Aggregate Revolving Loan Commitment. No Lender shall have any obligation to increase its Revolving Loan CommitmentCommitment pursuant to a Commitment Increase Notice, and the Company shall not be required to offer any Lender an opportunity to participate in the requested increase.

Appears in 1 contract

Samples: Credit Agreement (Arvinmeritor Inc)

Increase of Aggregate Revolving Loan Commitment. (A) At any time, and from time to time, the Company may request (in consultation with the Administrative Agent) that the Aggregate Revolving Loan Commitment be increased from time to time by an aggregate amount of up to $75,000,000100,000,000 without the prior written consent of all of the Lenders, provided, that, after giving effect to any such increase, the Aggregate Revolving Loan Commitment shall not at no time exceed $200,000,000350,000,000 less the amount of any permanent reductions in the Aggregate Revolving Loan Commitment pursuant to Section 2.5. Such request shall be made in a written notice given to the Administrative Agent and the Lenders by the Company not less than twenty (20) Business Days (or such other period agreed to by the Administrative Agent and the Company) prior to the proposed effective date of such increase, which notice (a “Commitment Increase Notice”) shall specify the amount of the proposed increase in the Aggregate Revolving Loan Commitment and the proposed effective date of such increase. In the event of such a Commitment Increase Notice, each of the Lenders shall be given the opportunity to participate in the requested increase ratably in proportions that their respective Revolving Loan Commitments bear to the Aggregate Revolving Loan Commitmentincrease. No Lender shall have any obligation to increase its Revolving Loan CommitmentCommitment pursuant to a Commitment Increase Notice.

Appears in 1 contract

Samples: Credit Agreement (Kaydon Corp)

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Increase of Aggregate Revolving Loan Commitment. (A) At any time, the Company may request (in consultation with the Administrative Agent) that the Aggregate Revolving Loan Commitment be increased by an aggregate amount of up to $75,000,00050,000,000 without the prior written consent of all of the Lenders, provided, that, after giving effect to any such increase, the Aggregate Revolving Loan Commitment shall not at no time exceed $200,000,000350,000,000 less the amount of any permanent reductions in the Aggregate Revolving Loan Commitment pursuant to Section 2.5. Such request shall be made in a written notice given to the Administrative Agent and the Lenders by the Company not less than twenty (20) Business Days prior to the proposed effective date of such increase, which notice (a “Commitment Increase Notice”"COMMITMENT INCREASE NOTICE") shall specify the amount of the proposed increase in the Aggregate Revolving Loan Commitment and the proposed effective date of such increase. In the event of such a Commitment Increase Notice, each of the Lenders shall be given the opportunity to participate in the requested increase ratably in proportions that their respective Revolving Loan Commitments bear to the Aggregate Revolving Loan Commitmentincrease. No Lender shall have any obligation to increase its Revolving Loan CommitmentCommitment pursuant to a Commitment Increase Notice.

Appears in 1 contract

Samples: Credit Agreement (Kaydon Corp)

Increase of Aggregate Revolving Loan Commitment. (Ai) At any time, the Company Borrower may request arrange (in consultation with the Administrative Agent) that for the Aggregate Revolving Loan Commitment to be increased by an aggregate amount of up to $75,000,000, 100,000,000 without the prior written consent of all of the Lenders; provided, that, after giving effect to any such increase, that the Aggregate Revolving Loan Commitment shall not at no time exceed $200,000,000400,000,000. Such request The Borrower shall be made provide notice of such proposed increase in a written notice given to the Administrative Agent and the Lenders by the Company not less than twenty (20) Business Days prior to the proposed effective date of such increase, which notice (a “Commitment Increase Notice”) shall specify the amount of the proposed increase in the Aggregate Revolving Loan Commitment and the proposed effective date of such increase. In the event of such a Commitment Increase Notice, each of the Lenders shall be given the opportunity to participate in the requested increase ratably in proportions that their respective Revolving Loan Commitments bear to the Aggregate Revolving Loan Commitment. No Lender shall have any obligation to increase its Revolving Loan CommitmentCommitment pursuant to a Commitment Increase Notice, and the Borrower shall not be required to offer any Lender an opportunity to participate in the requested increase.

Appears in 1 contract

Samples: Revolving Credit Agreement (Energizer Holdings Inc)

Increase of Aggregate Revolving Loan Commitment. (A) At any time, the Company may request (in consultation with the Administrative Agent) that the Aggregate Revolving Loan Commitment be increased by an aggregate amount of up to $75,000,000100,000,000 without the prior written consent of all of the Lenders, provided, that, after giving effect to any such increase, the Aggregate Revolving Loan Commitment shall not at no time exceed $200,000,000350,000,000. Such request shall be made in a written notice given to the Administrative Agent and the Lenders by the Company not less than twenty (20) Business Days prior to the proposed effective date of such increase, which notice (a “Commitment Increase Notice”"COMMITMENT INCREASE NOTICE") shall specify the amount of the proposed increase in the Aggregate Revolving Loan Commitment and the proposed effective date of such increase. In the event of such a Commitment Increase Notice, each of the Lenders shall be given the opportunity to participate in the requested increase ratably in proportions that their respective Revolving Loan Commitments bear to the Aggregate Revolving Loan Commitment. No Lender shall have any obligation to increase its Revolving Loan Commitment.

Appears in 1 contract

Samples: Credit Agreement (Steelcase Inc)

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