Common use of Increasing Lenders and New Lenders Clause in Contracts

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

Increasing Lenders and New Lenders. The Borrower may make a one-time request that (1) the current Lenders 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 Lender") join this Agreement and provide a Term Commitment hereunder, in each case subject to the following terms and 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 make a one-time 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 Lender") join this Agreement and provide a Term Commitment hereunder, in each case subject to the following terms and conditions (any current Revolver Lender or Term Loan 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 (Hallador Energy Co)

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