Common use of Incremental Extensions of Credit Clause in Contracts

Incremental Extensions of Credit. Subject to the terms and conditions set forth herein, the Borrower may at any time and from time to time during the Revolving Availability Period or until the Tranche B Term Loan Maturity Date, as applicable, by notice to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a Copy to each of the Lenders), request to add additional term loans or additional revolving commitments (together, the “Incremental Extensions of Credit”) in minimum principal amounts of $10,000,000; provided that such amount may be less than $10,000,000 if such amount represents all the remaining availability under the aggregate principal amount set forth below; provided, further, that (x) immediately prior to and after giving effect to any Incremental Facility Amendment (as defined below), no Default has occurred or is continuing or shall result therefrom and (y) the Borrower shall be in compliance on a Pro Forma Basis with the Financial Performance Covenants recomputed as of the last day of the most recently ended fiscal quarter of the Borrower for which financial statements are available. The Incremental Extensions of Credit:

Appears in 2 contracts

Samples: Credit Agreement (AGA Medical Holdings, Inc.), Credit Agreement (AGA Medical Holdings, Inc.)

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Incremental Extensions of Credit. Subject At any time during the Revolving Availability Period, subject to the terms and conditions set forth herein, the Borrower may at any time and from time to time during the Revolving Availability Period or until the Tranche B Term Loan Maturity Date, as applicabletime, by notice to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a Copy copy to each of the Lenders), request to add additional term loans or additional revolving commitments (together, the “Incremental Extensions of Credit”) in minimum principal amounts of $10,000,0005,000,000; provided that such amount may be less than $10,000,000 5,000,000 if such amount represents all the remaining availability under the aggregate principal amount set forth below; provided, further, that (x) immediately prior to and after giving effect to any Incremental Facility Amendment (as defined below), no Default has occurred or is continuing or shall result therefrom and (y) the Borrower shall be in compliance on a Pro Forma Basis with the Financial Performance Covenants recomputed as of the last day of the most recently ended fiscal quarter of the Borrower for which financial statements are available. The Incremental Extensions of Credit:

Appears in 1 contract

Samples: Credit Agreement (Ameripath Inc)

Incremental Extensions of Credit. Subject At any time during the Revolving Availability Period, subject to the terms and conditions set forth herein, the Borrower may at any time and from time to time during the Revolving Availability Period or until the Tranche B Term Loan Maturity Date, as applicabletime, by notice to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a Copy copy to each of the Lenders), request to add additional term loans or additional revolving commitments (together, the "Incremental Extensions of Credit") in minimum principal amounts of $10,000,00025,000,000; provided that such amount may be less than $10,000,000 25,000,000 if such amount represents all the remaining availability under the aggregate principal amount set forth below; provided, further, that (x) immediately prior to and after giving effect to any Incremental Facility Amendment (as defined below), no Default has occurred or is continuing or shall result therefrom and (y) the Borrower shall be in compliance on a Pro Forma Basis with the Financial Performance Covenants recomputed as of the last day of the most recently ended fiscal quarter of the Borrower for which financial statements are available. The Incremental Extensions of Credit:

Appears in 1 contract

Samples: Credit Agreement (Select Specialty Hospital Topeka Inc)

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Incremental Extensions of Credit. Subject At any time during the Revolving Availability Period, subject to the terms and conditions set forth herein, the Borrower may at any time and from time to time during the Revolving Availability Period or until the Tranche B Term Loan Maturity Date, as applicabletime, by notice to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a Copy copy to each of the Lenders), request to add additional term loans or additional revolving commitments (together, the “Incremental Extensions of Credit”) in minimum principal amounts of $10,000,00025,000,000; provided that such amount may be less than $10,000,000 25,000,000 if such amount represents all the remaining availability under the aggregate principal amount set forth below; provided, further, that (x) immediately prior to and after giving effect to any Incremental Facility Amendment (as defined below), no Default has occurred or is continuing or shall result therefrom and (y) the Borrower shall be in compliance on a Pro Forma Basis Compliance with the Financial Performance Covenants recomputed as of the last day of the most recently ended fiscal quarter of the Borrower for which financial statements are available. The Incremental Extensions of Credit:

Appears in 1 contract

Samples: Credit Agreement (LifeCare Holdings, Inc.)

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