Common use of Increasing Lenders and New Lenders Clause in Contracts

Increasing Lenders and New Lenders. The Borrower may request that (i) the current Lenders increase their Revolving Credit Commitments or provide one or more additional term loans (each, an “Incremental Term Loan”) (any current Lender which elects to increase its Revolving Credit Commitment or provide an Incremental Term Loan shall be referred to as an “Increasing Lender”) or (ii) one or more new lenders (each a “New Lender”) join this Agreement and provide a Revolving Credit Commitment or an Incremental Term Loan hereunder, subject to the following terms and conditions:

Appears in 2 contracts

Samples: Credit Agreement (Helios Technologies, Inc.), Credit Agreement (Helios Technologies, Inc.)

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Increasing Lenders and New Lenders. The Borrower may request that (i) the current Lenders increase their Revolving Credit Commitments or provide one or more additional term loans loan (each, an a Incremental Term Loan”) (any current Lender which elects to increase its Revolving Credit Commitment or provide an Incremental a Term Loan shall be referred to as an “Increasing Lender”) or (ii) one or more new lenders (each a “New Lender”) join this Agreement and provide a Revolving Credit Commitment or an Incremental Term Loan Commitment hereunder, subject to the following terms and conditions:

Appears in 1 contract

Samples: Credit Agreement (Sun Hydraulics Corp)

Increasing Lenders and New Lenders. The Borrower may may, at any time following the Closing Date, request that (i1) the current Lenders increase their Revolving Credit Commitments or provide one or more additional term loans Commitments, (each, an “Incremental Term Loan”) (any current Lender which elects to increase its Revolving Credit Commitment or provide an Incremental Term Loan shall be referred to as an “Increasing Lender”) or (ii2) one or more new lenders (each a “New Lender”) join this Agreement and provide a Revolving Credit Commitment hereunder, (3) the current Lenders and/or one or more New Lenders participate in an increase of Term Loan Commitments or (4) the current Lenders and/or one or more New Lenders join this Agreement and provide one or more additional tranches of Term Loans (the “Incremental Term Loan hereunderLoans”), subject to the following terms and conditions:conditions (any current Lender which elects to increase its Revolving Credit Commitment or Term Loan Commitment, as applicable, shall be referred to as an “Increasing Lender”):

Appears in 1 contract

Samples: Credit Agreement (Advanced Drainage Systems, Inc.)

Increasing Lenders and New Lenders. The Borrower may make a one-time request that (i1) the current Lenders increase their Revolving Credit Commitments or provide one or more additional term loans tranches of Term Loans (each, each an "Incremental Term Loan”) (any current Lender which elects to increase its Revolving Credit Commitment or provide an " and, collectively, the "Incremental Term Loan shall be referred to as an “Increasing Lender”) Loans"), or (ii2) one or more new lenders (each a "New Lender”) join Lender")join this Agreement and provide a Revolving Credit Term Commitment or an Incremental Term Loan hereunder, in each case subject to the following terms and conditions:conditions (any current Term Loan Lender which elects to increase its Term Loan Commitment, as applicable, shall be referred to as an "Increasing Lender"):

Appears in 1 contract

Samples: Credit Agreement (Hallador Energy Co)

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Increasing Lenders and New Lenders. The Borrower may request that (i) the current Lenders increase their Revolving Credit Commitments or provide one or more additional term loans (each, an "Incremental Term Loan") (any current Lender which elects to increase its Revolving Credit Commitment or provide an Incremental Term IncrementalTerm Loan shall be referred to as an "Increasing Lender") or (ii) one or more new lenders (each a "New Lender") join this Agreement and provide a Revolving Credit Commitment or an Incremental Term Loan hereunder, subject to the following terms and conditions:

Appears in 1 contract

Samples: Credit Agreement (Sun Hydraulics Corp)

Increasing Lenders and New Lenders. The Borrower may make a one-time request that (i1) the current Lenders increase their Revolving Credit Commitments or provide one or more additional term loans tranches of Term Loans (each, each an "Incremental Term Loan”) (any current Lender which elects to increase its Revolving Credit Commitment or provide an " and, collectively, the "Incremental Term Loan shall be referred to as an “Increasing Lender”) Loans"), or (ii2) one or more new lenders (each a "New Lender") join this Agreement and provide a Revolving Credit Term Commitment or an Incremental Term Loan hereunder, in each case subject to the following terms and conditions:conditions (any current Term Loan Lender which elects to increase its Term Loan Commitment, as applicable, shall be referred to as an "Increasing Lender"):

Appears in 1 contract

Samples: Credit Agreement (Hallador Energy Co)

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