Incremental Revolving Facility Sample Clauses

Incremental Revolving Facility. (a) The Borrower may at any time or from time to time after the Closing Date, by notice to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders), request the incorporation in this Agreement of a revolving facility (the “Incremental Revolving Facility”) or an increase therein in an aggregate amount (after giving effect to such incorporation or increase) of up to $100,000,000 (less, at any time, the aggregate principal amount of the term loans outstanding under the AAA Holdings Credit Agreement); provided that (i) no Lender shall be required to participate in the Incremental Revolving Facility, (ii) the Incremental Revolving Facility shall be made and documented under this Agreement and the Loan Documents and shall be guaranteed and secured on a pari passu basis with the Term Loans, (iii) no Default or Event of Default shall have occurred and be continuing and (iv) the interest rates and amortization schedule applicable to the Incremental Revolving Facility shall be determined by the Borrower and the lenders thereunder. Each loan (“Revolving Loan”) and other extensions of credit under the notice from the Borrower pursuant to this Section shall set forth the requested amount and proposed terms of the relevant Incremental Revolving Facility or the increase therein, as the case may be, and the Lenders or other Persons willing to participate therein. The Incremental Revolving Facility or any such increase may be made by any existing Lender or by any other financial institution or any fund that regularly invests in bank loans selected by the Borrower (any such other financial institution or fund being called an “Additional Lender”), provided that the Administrative Agent shall have consented (not to be unreasonably withheld) to such Lender’s or Additional Lender’s participation if such consent would be required under Section 10.6 for an assignment of Term Loans to such Lender or Additional Lender.
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Incremental Revolving Facility. (a) The Borrower may, at any time or from time to time after the Effective Date, by written notice to the Administrative Agent (whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders), request one or more (but, in any event, no more than three) increases in the amount of the Revolving Commitments (each such increase, an “Incremental Revolving Commitment Increase”); provided that, subject to Section 2.22(d) and (e), (A) both at the time of any such request and after giving effect to the effectiveness of any Incremental Revolving Commitment Increase, no Default or Event of Default shall exist and the conditions in Section 5.2 shall be satisfied and (B) the Borrower shall be in compliance, on a pro forma basis after giving effect to any such Incremental Revolving Commitment Increase, with the covenants set forth in Section 7.1, as such covenants are recomputed as at the last day of the most recent fiscal quarter as if such Incremental Revolving Commitment Increase (taking into account only the amount of the Dollar Equivalent of Outstanding Revolving Extensions of Credit outstanding at the time of and after giving effect to any extensions of credit in connection with such Incremental Revolving Commitment Increase and the consummation of any transactions contemplated thereby) had been outstanding on the first day of such period.
Incremental Revolving Facility. Except as otherwise specifically set forth herein, all of the other terms and conditions applicable to such Incremental Revolving Facility shall be identical to the terms and conditions applicable to the Revolving Facility.
Incremental Revolving Facility. Each of the parties hereto acknowledges and agrees that by the Credit Party’s execution and delivery of this Amendment (a) the Credit Parties are using $15,000,000 of the $100,000,000 Incremental Revolving Facility basket set forth in Section 2.1(f) of the Credit Agreement and (b) the Aggregate Revolving Committed Amount may only be increased an additional two (2) times under the Incremental Revolving Facility set forth in Section 2.1(f) of the Credit Agreement.
Incremental Revolving Facility. (a) Incremental Revolving Facility Commitments
Incremental Revolving Facility. (a) Each Incremental Effective Date Revolving Lender hereby severally commits to provide its respective Incremental Revolving Commitments as set forth on Schedule B annexed hereto and to make its Incremental Revolving Loans, on the terms and subject to the conditions set forth herein.
Incremental Revolving Facility. (a) Subject to the satisfaction of the conditions set forth in Section 4 below, each 2018 Incremental Revolving Lender with a 2018 Incremental Revolving Commitment set forth opposite its name on Exhibit A hereto agrees to provide Revolving Commitments or increase the amount of its existing Revolving Commitments, as applicable, in such amount as forth on Exhibit A and agrees, from time to time during the period from and including the 2018 Incremental Amendment Effective Date (as defined below) to the Revolving Maturity Date, to make Revolving Loans to the Borrower in an aggregate principal amount at any one time outstanding not to exceed the amount of such Lender’s Revolving Commitment (after giving effect to such 2018 Incremental Revolving Commitment) in accordance with Sections 2.1, 2.2 and 2.3 of the Amended Credit Agreement. For the avoidance of doubt, the notice requirements set forth in Section 2.25(b) are hereby satisfied. From and after the 2018 Incremental Amendment Effective Date, except where the context otherwise requires, the 2018 Incremental Revolving Commitments shall constitute “Revolving Commitments” for all purposes of the Amended Credit Agreement, and all provisions of the Amended Credit Agreement applicable to Revolving Commitments shall be applicable to the 2018 Incremental Revolving Commitments, and each 2018 Incremental Revolving Lender shall have all of the rights and obligations of a “Lender” and a “Revolving Lender” under the Amended Credit Agreement and the other Loan Documents.
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Incremental Revolving Facility. The Borrower shall have the right prior to the Maturity Date, to request additional Indebtedness under this Agreement in the form of one or more increases to the Revolving Committed Amount (each such increase, an "Incremental Revolving Facility") by an aggregate amount for all such increases of up to $25,000,000. The Lender shall have no obligation to provide an Incremental Revolving Facility and any Incremental Revolving Facility shall be on terms and conditions mutually acceptable to the Lender and the Borrower..
Incremental Revolving Facility. (a) Subject to the satisfaction (or waiver) of the conditions set forth in Sections 8 and 9 hereof and in reliance upon the representations and warranties set forth in Section 7 hereof, the 2021 Incremental Revolving Lenders hereby agree that pursuant to Section 2.16 of the Credit Agreement, each 2021 Incremental Revolving Lender, severally and not jointly shall on the Second Amendment Operative Date provide a 2021 Incremental Revolving Commitment denominated in Dollars that is equal to the amount set forth next to its name on Schedule 1-A (the “2021 Incremental Revolving Commitment Schedule”). The aggregate amount of the 2021 Incremental Revolving Commitment is $75,000,000.
Incremental Revolving Facility. Subject to the terms and conditions set forth herein and so long as no Default or Event of Default has occurred and is continuing, the Borrower shall have the right, no more than twice per year and no more than six times prior to the Revolving Commitment Termination Date, to incur additional Indebtedness under this Credit Agreement in the form of an increase to the Revolving Committed Amount (each an “Incremental Revolving Facility” and collectively the “Incremental Revolving Facilities”). The following terms and conditions shall apply to each Incremental Revolving Facility:
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