Increases in Revolving Committed Amount Sample Clauses
Increases in Revolving Committed Amount. (a) So long as no Default or Event of Default has occurred and is continuing, from time to time after the Closing Date (but prior to the date which is 180 days immediately preceding the Maturity Date), the Borrower may, upon at least 15 days' written notice to the Administrative Agent (who shall promptly notify each Lender of such notice), propose to increase the Revolving Committed Amount by a minimum amount of $25,000,000 and in integral multiples of $5,000,000 above such amount, up to an aggregate maximum amount not to exceed $100,000,000 (the amount of any such increase, the "Additional Commitment Amount"). Each Lender shall have the right for a period of 10 days following receipt of such notice, to elect by written notice to the Administrative Agent to increase its Commitment by a principal amount equal to its Commitment Percentage of the Additional Commitment Amount. No Lender (or any successor thereto) shall have any obligation to increase its Commitment or its other obligations under this Credit Agreement and the other Credit Documents, and any decision by a Lender to increase its Commitment shall be made in its sole discretion independently from any other Lender. Any Lender not responding within such time period shall be deemed to have declined to increase its Commitment.
(b) If any Lender shall not elect to increase its Commitment pursuant to subsection (a) of this Section, the Borrower may designate another bank or other financial institution (which may be, but need not be, one or more of the existing Lenders) which at the time agrees to, in the case of any such Person that is an existing Lender, increase its Commitment and in the case of any other such Person (an "Additional Lender"), become a party to this Agreement; provided, however, that any new bank or financial institution must conform to the definition of Eligible Assignee, must have a Commitment of at least $5,000,000 and must be acceptable to the Administrative Agent, which acceptance will not be unreasonably withheld or delayed. The sum of the increases in the Commitments of the existing Lenders pursuant to this subsection (b) plus the Commitments of the Additional Lenders shall not in the aggregate exceed the portion of the Additional Commitment Amount which has not been subscribed pursuant to subsection (a) immediately above.
(c) An increase in the Revolving Committed Amount pursuant to this Section 2.13 shall become effective upon the receipt by the Administrative Agent of an agree...
Increases in Revolving Committed Amount. Following the Significant Capital Event, the Revolving Committed Amount may be increased to an amount of up to $175,000,000 if (i) the Borrower requests such increase in writing to the Administrative Agent, (ii) the Administrative Agent is able to syndicate the amount of such increase to a financial institution qualifying as an Eligible Assignee, (iii) such increase does not increase the amount of the Revolving Commitment of any Lender without the written consent of such Lender, (iv) the Borrower executes new promissory notes reflecting the increase in the Revolving Committed Amount and executes such other amendments to the Credit Documents as are deemed necessary by the Administrative Agent, (v) no Default or Event of Default exists at such time and (vi) the Borrower pays all fees required by the Agent Fee Letters in connection with such increase in the Revolving Committed Amount. All of the terms and conditions of the Credit Documents shall apply to such increased Revolving Committed Amount as if such amount were in effect as of the date hereof.
Increases in Revolving Committed Amount