Common use of Increasing Lenders and New Lenders Clause in Contracts

Increasing Lenders and New Lenders. The Borrowers at any time prior to the applicable Expiration Date may request that (1) the current Lenders increase their Revolving Credit Commitments or provide one or more additional tranches of Term Loans (each an “Incremental Term Loan” and, collectively, the “Incremental Term Loans”), or (2) one or more new lenders (each a “New Lender”) join this Agreement and provide a Commitment hereunder, in each case subject to the following terms and 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 2 contracts

Samples: Credit Agreement (Glatfelter Corp), Fourth Restatement Agreement (Glatfelter Corp)

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Increasing Lenders and New Lenders. The Borrowers may, at any time prior to following the applicable Expiration Date may Closing Date, request that (1) the current Lenders increase their Revolving Credit Commitments or provide one or more additional tranches of Term Loans (each an “Incremental Term Loan” andCommitments, collectively, the “Incremental Term Loans”), or (2) one or more new lenders (each a “New Lender”) join this Agreement and provide a Revolving Credit Commitment hereunder, in each case or (3) the current Lenders and/or one or more New Lenders join this Agreement and provide one or more tranches of term loans (the “Added Term Loans”), subject to the following terms and conditions (any current Lender which elects to increase its Revolving Credit Commitment or provide an Added Term Loan CommitmentLoan, as applicable, shall be referred to as an “Increasing Lender”):

Appears in 1 contract

Samples: Credit Agreement (Johnson Outdoors Inc)

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Increasing Lenders and New Lenders. The Borrowers at any time prior to the applicable Expiration Date may request that (1) the current Lenders increase their Revolving Credit Commitments or provide one or more additional tranches of Term Loans (each an "Incremental Term Loan" and, collectively, the "Incremental Term Loans"), or (2) one or more new lenders (each a "New Lender") join this Agreement and provide a Commitment hereunder, in each case subject to the following terms and 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 (Glatfelter P H Co)

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