Incremental Revolving Credit Commitments Sample Clauses

Incremental Revolving Credit Commitments. (a) IBM and any one or more Lenders (including New Lenders) may from time to time agree that such Lenders shall provide incremental Revolving Credit Commitments by executing and delivering to the Administrative Agent one or more Incremental Commitment Supplements or, in the case of New Lenders, New Lender Supplements.
Incremental Revolving Credit Commitments. (a) The Specified U.S. Borrower may, by written notice to the Administrative Agent (signed by a Responsible Officer of the Specified U.S. Borrower) from time to time after the Restatement Effective Date, request Incremental Revolving Credit Commitments in an aggregate amount not to exceed $25,000,000 from one or more Incremental Revolving Credit Lenders (which may include any existing Lender) willing to provide such Incremental Revolving Credit Commitments in their own discretion; provided that each Incremental Revolving Credit Lender shall be subject to the approval of the Administrative Agent and the Issuing Bank (which approvals shall not be unreasonably withheld) unless such Incremental Revolving Credit Lender is a Lender, an Affiliate of a Lender or an Approved Fund. Such notice shall set forth (i) the amount of the Incremental Revolving Credit Commitments being requested, (ii) whether the request is for U.S. Revolving Credit Commitments or Canadian Revolving Commitments and (iii) the date on which such Incremental Revolving Credit Commitments are requested to become effective.
Incremental Revolving Credit Commitments. On any Incremental Increase Date on which Incremental Revolving Credit Commitments are effected, subject to the satisfaction of the foregoing terms and conditions, (i) each of the Revolving Lenders shall assign to each of the Incremental Revolving Lenders, and each of the Incremental Revolving Lenders shall purchase from each of the Revolving Lenders, at the principal amount thereof (together with accrued interest), such interests in the Revolving Loans outstanding on such Incremental Increase Date as shall be necessary in order that, after giving effect to all such assignments and purchases, such Revolving Loans will be held by existing Revolving Lenders and Incremental Revolving Lenders ratably in accordance with their Revolving Credit Commitments after giving effect to the addition of such Incremental Revolving Credit Commitments to the Revolving Credit Commitments, (ii) each Incremental Revolving Credit Commitment shall be deemed for all purposes a Revolving Credit Commitment and each Loan made thereunder (an “Incremental Revolving Loan”) shall be deemed, for all purposes, a Revolving Loan and (iii) each Incremental Revolving Lender shall become a Lender with respect to the Incremental Revolving Credit Commitments and all matters relating thereto.
Incremental Revolving Credit Commitments. (a) So long as the Incremental Commitment Request Requirements are satisfied at the time of the delivery of the request referred to below, the Borrower shall have the right, in consultation and coordination with the Administrative Agent as to all of the matters set forth below in this Section 2.22 and with the consent of the Administrative Agent, such consent not to be unreasonably withheld, but without requiring the consent of any of the Lenders, to request at any time and from time to time after the Closing Date and prior to the date which is 12 months prior to the Revolving Credit Maturity Date, that one or more Lenders (and/or one or more other persons which will become Lenders as provided below) provide Incremental Revolving Credit Commitments and, subject to the applicable terms and conditions contained in this Agreement, make Revolving Loans pursuant thereto to the Borrower; it being understood and agreed, however, that (i) no Lender shall be obligated to provide an Incremental Revolving Credit Commitment as a result of any such request by the Borrower, and until such time, if any, as such Lender has agreed in its sole discretion to provide an Incremental Revolving Credit Commitment and executed and delivered to the Administrative Agent an Incremental Revolving Credit Commitment Agreement in respect thereof as provided in clause (b) of this Section 2.22, such Lender shall not be obligated to fund any Revolving Loans in excess of its Revolving Credit Commitment as in effect prior to giving effect to such Incremental Revolving Credit Commitment provided pursuant to this Section 2.22, (ii) any Lender (including any person who will become a Lender) may so provide an Incremental Revolving Credit Commitment without the consent of any other Lender, (iii) the provision of Incremental Revolving Credit Commitments pursuant to this Section 2.22 shall be in a minimum aggregate amount (for all Lenders (including any person who will become a Lender)) of at least $10,000,000 and in integral multiples of $1,000,000 in excess thereof, (iv) the aggregate amount of all Incremental Revolving Credit Commitments provided pursuant to this Section 2.22, when combined with the aggregate amount of all Incremental B Term Loan Commitments provided pursuant to Section 2.23, shall not exceed $50,000,000, (v) all Revolving Loans provided pursuant to an Incremental Revolving Credit Commitment (and all interest, fees and other amounts payable thereon) shall be Obligations under thi...
Incremental Revolving Credit Commitments. Section 2.13(a) of the Credit Agreement shall be amended by amending and restating sub-clause (II) of clause (iii) thereof in its entirety to read as follows:
Incremental Revolving Credit Commitments. (a) On the Increase Effective Date (as defined below), this Incremental Facility Amendment shall constitute an increase in the Revolving Credit Commitments of the Lenders pursuant to Section 2.20 of the Credit Agreement, the Incremental Commitments shall constitute additional “Revolving Credit Commitments” and any loans made pursuant to the Incremental Commitments shall constitute “Revolving Loans” and “Loans” under the Credit Agreement.
Incremental Revolving Credit Commitments. (a) The Borrower may, by written notice to the Administrative Agent from time to time, request Incremental Revolving Credit Commitments (which shall be in minimum increments of $1,000,000 and a minimum amount of $1,000,000 or equal to the remaining amount available), as applicable, in an aggregate amount not to exceed $15,000,000 from one or more Cerberus Revolving Lenders willing to provide such Incremental Revolving Credit Commitments in their own discretion. Such notice shall set forth (i) the amount of the Incremental Revolving Credit Commitments being requested and (ii) the date on which such Incremental Revolving Credit Commitments are requested to become effective (the “Increased Amount Date”).
Incremental Revolving Credit Commitments. (a) Provided there exists no Default, upon notice to the Administrative Agent the Borrower shall have the right to request, on one or more occasions prior to the Revolving Credit Termination Date, an increase in the Revolving Credit Facility in accordance with this Section 2.17 (the amount of any such increase, the “Incremental Revolving Credit Commitment”). The aggregate amount of all Incremental Revolving Credit Commitments shall not exceed $22,500,000. Any request for an Incremental Revolving Credit Commitment shall be in a minimum amount of $5,000,000.
Incremental Revolving Credit Commitments. (a) Each Incremental Revolving Credit Lender hereby agrees, severally and not jointly, to make its respective Incremental Revolving Credit Commitment available to the Borrower on the Effective Date on the terms and subject to the conditions set forth in this Agreement and the Credit Agreement and pursuant to and in accordance with Section 2.23 of the Credit Agreement in an aggregate principal amount equal to the amount set forth opposite such Incremental Revolving Credit Lender’s name set forth on Annex I attached hereto. The Incremental Revolving Credit Commitments shall be deemed to be “Revolving Credit Commitments” and “Incremental Revolving Credit Commitments” as defined in the Credit Agreement for all purposes of the Credit Agreement and the other Loan Documents having terms, conditions and provisions identical to those applicable to the existing Revolving Credit Commitments.
Incremental Revolving Credit Commitments. Effective as of the First Amendment Effective Date, each 2022 Incremental Revolving Credit Lender hereby commits, on a several and not joint basis, to provide its 2022 Incremental Revolving Credit Commitment as set forth on Schedule A hereto, on the terms and conditions set forth below. Each 2022 Incremental Revolving Credit Lender (i) confirms that it has received a copy of the Credit Agreement and the other Credit Documents and the schedules and exhibits attached thereto, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this First Amendment; (ii) agrees that it will, independently and without reliance upon the Administrative Agent, the Collateral Agent, any Letter of Credit Issuer or any other Lender or Agent and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; (iii) appoints and authorizes the Administrative Agent and the Collateral Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement and the other Credit Documents as are delegated to the Administrative Agent or the Collateral Agent, as the case may be, by the terms thereof, together with such powers as are reasonably incidental thereto; and (iv) agrees that it will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a New Revolving Loan Lender.