Increase of Revolving Credit Commitment. (a) As an alternative to, or in addition to, Section 2.8 below, subject to the conditions set forth below, at any time prior to the Revolving Credit Maturity Date, the Borrower shall have the right upon not less than thirty (30) days’ (or such shorter period as may be agreed to by the Administrative Agent) prior written notice to the Administrative Agent pursuant to a Revolving Credit Increase Notification, to request an increase in the Revolving Credit Commitment in an aggregate principal amount as may be specified by the Borrower. Such Revolving Credit Increase Notification shall specify the applicable Revolving Credit Increase Effective Date.
Increase of Revolving Credit Commitment. (a) As an alternative to, or in addition to, Section 2.9 below, subject to the conditions set forth below, at any time prior to the Maturity Date, the Company shall have the right upon not less than thirty (30) days’ (or such shorter period as may be agreed to by the Administrative Agent) prior written notice to the Administrative Agent pursuant to a Revolving Credit Increase Notification, to request an increase in the Revolving Credit Commitment in an aggregate principal amount as may be specified by the Company. Such Revolving Credit Increase Notification shall specify the applicable Revolving Credit Increase Effective Date and shall also specify the Tranche subject to increase; provided, that if the Company seeks to increase both Tranches, it shall indicate how such increase is to be allocated between the Tranches.
Increase of Revolving Credit Commitment. (i) The Administrative Borrower, on behalf of the Borrowers, may request the right to effectuate an increase in the Revolving Credit Commitment (a “Commitment Increase”), in an aggregate amount of up to $25,000,000 (the “Commitment Increase Cap”), once during the term of this Agreement by delivering a Notice of Requested Commitment Increase to Administrative Agent substantially in the form of Exhibit I (a “Notice of Requested Commitment Increase”), provided that: (A) the proposed Commitment Increase shall have been consented to in writing by the Administrative Agent (with such consent not to be unreasonably withheld), each Lender (if any) who is increasing its Revolving Credit Commitment and any other bank or financial institution acceptable to the Parent and the Administrative Agent that has agreed to become a Lender in respect of all or a portion of the Commitment Increase (a “New Lender”); (B) each Lender has been afforded the right to fund the Commitment Increase prior to any New Lender being given such right; (C) the Borrowers are in pro forma compliance with all financial covenants set forth in Article 11 prior to, and upon giving effect to, such Commitment Increase; and (D) all conditions to borrowing set forth in Section 7.2 shall be satisfied prior to such Commitment Increase. The Notice of Requested Commitment Increase shall specify: (1) the amount of the proposed Commitment Increase and (2) the requested date of the proposed Commitment Increase (which shall be at least fifteen (15) days from the date of delivery of the Notice of Requested Commitment Increase). Each Notice of Requested Commitment Increase shall be binding on all Borrowers. Upon the effective date of any Commitment Increase, the Administrative Borrower shall deliver to the Administrative Agent a certificate of the chief financial officer of the Parent certifying that no Default or Event of Default then exists or would be caused thereby. The Commitment Increase shall not be effective until the Administrative Agent shall have received amendments to this Agreement and the other Loan Documents, commitments of Lenders or New Lenders in an aggregate amount equal to the Commitment Increase, Lender Agreements for each Lender or New Lender committing to the Commitment Increase, any upfront fees to be paid to the Lenders committing to the Commitment Increase, and, if requested, opinion letters, Revolving Credit Notes and such other agreements, documents and instruments requested by and reas...
Increase of Revolving Credit Commitment. (a) Provided that no Default or Event of Default shall have occurred and be continuing, the Borrower shall have the option, by giving written notice to the Agent (the “Increase Notice”), subject to the terms and conditions set forth in this Agreement, to increase the Total Revolving Credit Commitment in increments of $10,000,000.00 by an aggregate amount up to $50,000,000 (the amount of the requested increase to be set forth in the Increase Notice) (which, assuming no previous reduction in the Revolving Credit Commitments, would result in a maximum Total Revolving Credit Commitment of $200,000,000). The execution and delivery of the Increase Notice by Borrower shall constitute a representation and warranty by the Borrower that all the conditions set forth in this §2.8 shall have been satisfied on the date of such Increase Notice. The Commitment increase may be allocated (1) to the then existing Revolving Credit Commitments, (2) as a new revolving tranche having the same terms (excluding pricing) as the then existing Revolving Credit Commitments, or (3) any combination thereof satisfactory to Administrative Agent and existing or additional Revolving Credit Banks providing such additional Revolving Credit Commitments
Increase of Revolving Credit Commitment. So long as no Default or Event of Default shall have occurred and be continuing, at any time prior to the Revolving Credit Maturity Date, the Borrower shall have the right from time to time upon not less than thirty (30) days' prior written notice to the Administrative Agent to increase the Revolving Credit Commitment; provided that (i) no Lender shall have any obligation to increase its Revolving Credit Commitment and the failure by any Lender to respond to a request for such increase shall be deemed to be a refusal of such request by such Lender, (ii) the Borrower shall only be permitted to request such an increase on one (1) occasion, (iii) such requested increase shall be in a minimum principal amount of $25,000,000, (iv) in no event shall the Revolving Credit Commitment be increased to an aggregate amount greater than Two Hundred Twenty-Five Million Dollars ($225,000,000), (v) in no event shall the aggregate amount of increases requested pursuant to this Section 2.8 exceed Twenty-Five Million Dollars ($25,000,000), (vi) the Borrower and an existing Lender or a Person not theretofore a Lender, as applicable, shall execute a Lender Addition and Acknowledgement Agreement, which shall be acknowledged by the Administrative Agent and each Guarantor and shall be in form and substance reasonably satisfactory to the Administrative Agent, and (vii) the Administrative Agent shall have received a resolution duly adopted by the Board of Directors of the Borrower authorizing the increase contemplated in this Section 2.8.
Increase of Revolving Credit Commitment. So long as no Default or Event of Default shall have occurred and be continuing, at any time prior to the Revolving Credit Maturity Date, the Domestic Borrower, on behalf of itself and the Canadian Borrower, shall have the right from time to time upon not less than thirty (30) days’ prior written notice to the Administrative Agent to increase the Revolving Credit Commitment; provided that (i) no Lender shall have any obligation to increase its Revolving Credit Commitment, (ii) the Domestic Borrower shall only be permitted to request such an increase on three (3) separate occasions, (iii) each such requested increase shall be in a minimum principal amount of $10,000,000, (iv) in no event shall the Revolving Credit Commitment be increased to an aggregate amount greater than $525,000,000 and (v) the Borrowers and an existing Lender or a Person not theretofore a Lender, as applicable, shall execute a Lender Addition and Acknowledgement Agreement, which shall be acknowledged by the Administrative Agent and each Material Subsidiary and shall be in form and substance reasonably satisfactory to the Administrative Agent; provided further that:
Increase of Revolving Credit Commitment. (a) So long as no Default or Event of Default shall have occurred and be continuing, at any time prior to the fourth (4th) anniversary of the Closing Date, the Borrowers shall have the right from time to time upon not less than thirty (30) days prior written notice to the Administrative Agent to increase the aggregate Revolving Credit Commitment by an aggregate amount (for all such requests) not to exceed $200,000,000; provided that any such request for an increase shall be in a minimum amount of $10,000,000 (and in integral multiples of $10,000,000), or less, if equal to the maximum remaining amount permitted above. In no event shall the Aggregate Commitment be increased to an amount greater than $700,000,000.
Increase of Revolving Credit Commitment. (a) Subject to the conditions set forth below, the Borrower shall have the option, at any time prior to the Revolving Credit Maturity Date and exercisable on no more than two (2) occasions following the Closing Date, to increase the Revolving Credit Commitment by an aggregate principal amount of up to (i) $250,000,000 less (ii) the sum of (A) the aggregate principal amount of any prior or simultaneous increase to the Term Loan Commitment made pursuant to Section 4.6 and (B) the aggregate principal amount of any prior increase to the Revolving Credit Commitment made pursuant to this Section 2.8. In the event the Borrower desires to exercise the above-described option, the Borrower shall deliver to the Administrative Agent an Increase Notification pursuant to which the Borrower may request that additional Revolving Credit Loans be made on the Increase Effective Date.
Increase of Revolving Credit Commitment. So long as no Default or Event of Default shall have occurred and be continuing, at any time prior to the third (3rd) anniversary of the Closing Date, the Borrowers shall have the right from time to time upon not less than thirty (30) days prior written notice to the Administrative Agent to increase the aggregate Revolving Credit Commitment; provided that in no event shall the aggregate Revolving Credit Commitment be increased to an amount greater than $500,000,000; provided further that:
Increase of Revolving Credit Commitment. (a) Provided that no Default or Event of Default shall have occurred and be continuing, the Borrower shall have the option, by giving written notice to the Agent (the "Increase Notice"), subject to the terms and conditions set forth in this Agreement, to increase the Total Revolving Credit Commitment in increments of $10,000,000.00 by an amount up to $100,000,000 (the amount of the requested increase to be set forth in the Increase Notice) (which, assuming no previous reduction in the Revolving Credit Commitments, would result in a maximum Total Revolving Credit Commitment of $250,000,000). The execution and delivery of the Increase Notice by Borrower shall constitute a representation and warranty by the Borrower that all the conditions set forth in this Section 2.8 shall have been satisfied on the date of such Increase Notice.
