Common use of Incremental Revolving Facility Commitment Agreement Clause in Contracts

Incremental Revolving Facility Commitment Agreement. At the time of the provision of Incremental Revolving Facility Commitments pursuant to this Clause 7, the Borrower, each other Obligor, the Agent and each such Lender or other Eligible Institution which agrees to provide an Incremental Revolving Facility Commitment (each, an “Incremental Revolving Facility Lender”) shall execute and deliver to the Borrower and the Agent an Incremental Revolving Facility Commitment Agreement, appropriately completed (with the effectiveness of the Incremental Revolving Facility Commitment provided therein to occur on the date set forth in such Incremental Revolving Facility Commitment Agreement, which date in any event shall be no earlier than the date on which all fees required to be paid in connection therewith at the time of such effectiveness shall have been paid, all conditions set forth in this Clause 7.2 shall have been satisfied and all other conditions precedent that may be set forth in such Incremental Revolving Facility Commitment Agreement shall have been satisfied). The Agent shall promptly notify each Lender as to the effectiveness of each Incremental Revolving Facility Commitment Agreement and at such time, (i) the Revolving Facility shall be increased by the aggregate amount of such Incremental Revolving Facility Commitments, (ii) Section A of Part I of Schedule 1 (Lenders and Commitments) shall be deemed modified to reflect the revised Revolving Facility Lenders. In addition on or prior to the effective date of the respective Incremental Revolving Facility Commitment Agreement:

Appears in 3 contracts

Samples: Conformed Copy (Buhrmann Nv), Senior Facilities Agreement (Moore Labels Inc), Senior Facilities Agreement (Buhrmann Nv)

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Incremental Revolving Facility Commitment Agreement. At the time of the provision of Incremental Revolving Facility Commitments pursuant to this Clause 7, the Borrowerrelevant Borrowers, each other Obligor, the Agent and each such Lender or other Eligible Institution which agrees to provide an Incremental Revolving Facility Commitment (each, an “Incremental Revolving Facility Lender”) shall execute and deliver to the Borrower relevant Borrowers and the Agent an Incremental Revolving Facility Commitment Agreement, appropriately completed (with the effectiveness of the Incremental Revolving Facility Commitment provided therein to occur on the date set forth in such Incremental Revolving Facility Commitment Agreement, which date in any event shall be no earlier than the date on which all fees required to be paid in connection connec­tion therewith at the time of such effectiveness shall have been paid, all conditions set forth in this Clause 7.2 shall have been satisfied and all other conditions precedent that may be set forth in such Incremental Revolving Facility Commitment Agreement shall have been satisfied). The Agent shall promptly notify each Lender as to the effectiveness of each Incremental Revolving Facility Commitment Agreement and at such time, (i) the Revolving Facility shall be increased by the aggregate amount of such Incremental Revolving Facility Commitments, (ii) Section A of Part I of Schedule 1 (Lenders and Commitments) shall be deemed modified to reflect the revised Revolving Facility Lenders. In addition on or prior to the effective date of the respective Incremental Revolving Facility Commitment Agreement:

Appears in 1 contract

Samples: Agreement (Buhrmann Nv)

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Incremental Revolving Facility Commitment Agreement. At the time of the provision of Incremental Revolving Facility Commitments pursuant to this Clause 7, the Borrowerrelevant Borrowers, each other Obligor, the Agent and each such Lender or other Eligible Institution which agrees to provide an Incremental Revolving Facility Commitment (each, an “Incremental Revolving Facility Lender”) shall execute and deliver to the Borrower relevant Borrowers and the Agent an Incremental Revolving Facility Commitment Agreement, appropriately completed (with the effectiveness of the Incremental Revolving Facility Commitment provided therein to occur on the date set forth in such Incremental Revolving Facility Commitment Agreement, which date in any event shall be no earlier than the date on which all fees required to be paid in connection therewith at the time of such effectiveness shall have been paid, all conditions set forth in this Clause 7.2 shall have been satisfied and all other conditions precedent that may be set forth in such Incremental Revolving Facility Commitment Agreement shall have been satisfied). The Agent shall promptly notify each Lender as to the effectiveness of each Incremental Revolving Facility Commitment Agreement and at such time, (i) the Revolving Facility shall be increased by the aggregate amount of such Incremental Revolving Facility Commitments, (ii) Section A of Part I of Schedule 1 (Lenders and Commitments) shall be deemed modified to reflect the revised Revolving Facility Lenders. In addition on or prior to the effective date of the respective Incremental Revolving Facility Commitment Agreement:

Appears in 1 contract

Samples: Senior Facilities Agreement (Corporate Express N.V.)

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