Common use of Incremental Facility Request Clause in Contracts

Incremental Facility Request. Each Incremental Facility Request from the Borrower pursuant to this Section 2.19 shall set forth the requested amount and proposed terms of the relevant Incremental Facility. Incremental Loan Commitments may be made by any existing Lender (but no existing Lender will have an obligation to make any Incremental Loan Commitment, nor will the Borrower have any obligation to approach any existing Lenders to provide any Incremental Loan Commitment) or by any other bank or other financial institution or other institutional lender that is an Eligible Assignee (any such other bank, other financial institution or other institutional lender being called an “Additional Incremental Lender”) (each such existing Lender or Additional Incremental Lender providing such Commitment or Loan, collectively, the “Incremental Lenders”); provided that the Administrative Agent shall have consented (not to be unreasonably withheld or delayed) to such Additional Incremental Lender’s making such Incremental Loan Commitments to the extent such consent, if any, would be required under Section 9.06(b) for an assignment of Loans or Commitments to such Additional Incremental Lender.

Appears in 2 contracts

Sources: Credit Agreement (Mattress Firm Group Inc.), Credit Agreement (Mattress Firm Group Inc.)

Incremental Facility Request. Each Incremental Facility Request from the Borrower pursuant to this Section 2.19 2.12 shall set forth the requested amount and proposed terms of the relevant Incremental FacilityLoans. Incremental Loan Commitments Loans may be made by any existing Lender (but no each existing Lender will not have an obligation to make any Incremental Loan Commitment, nor will the Borrower have any obligation to approach any existing Lenders to provide any Incremental Loan Commitment) or by any other bank or other financial institution or other institutional lender that is an Eligible Assignee (any such other bank, bank or other financial institution or other institutional lender being called an “Additional Incremental Lender”) (each such existing Lender or Additional Incremental Lender providing such Commitment or LoanIncremental Commitment, collectively, the an “Incremental LendersLender”); provided that (i) with respect to Incremental Loans secured by Parity Liens, the Administrative Agent (and with respect to Incremental Revolving Loans, the Issuing Banks) shall have consented (not to be unreasonably withheld withheld, conditioned or delayed) to such Lender’s or Additional Incremental Lender’s making such Incremental Loan Commitments Loans to the extent such consent, if any, would be required under Section 9.06(b10.07(b) for an assignment of Loans or Commitments to such Lender or Additional Lender and (ii) with respect to Incremental LenderTerm Commitments, any Affiliated Lender providing an Incremental Term Commitment shall be subject to the same restrictions set forth in Section 10.07(k) as they would otherwise be subject to with respect to any purchase by or assignment to such Affiliated Lender of Term Loans. The Borrower may appoint any Person to arrange any Incremental Commitments and provide such Person any titles with respect to such arrangement of Incremental Commitments as it deems appropriate.

Appears in 1 contract

Sources: Credit Agreement (Venture Global, Inc.)