Common use of Incremental Revolving Loan Commitment Clause in Contracts

Incremental Revolving Loan Commitment. The New Commitments of the Incremental Revolving Loan Lenders (such commitment, the “Incremental Revolving Loan Commitment”) is $370,000,000. Each Incremental Revolving Loan Lender severally agrees to make Revolving Loans to the Borrower from time to time in an aggregate amount up to but not exceeding the amount set opposite such Incremental Revolving Loan Lender’s name under “Incremental Revolving Loan Commitment” on Schedule I attached hereto, subject to the terms of the Credit Agreement. Bank of China, Los Angeles Branch agrees, during the Availability Period, subject to the terms and conditions of the Credit Agreement, to issue Letters of Credit at the request and for the account of the Borrower or any Subsidiary in the aggregate Dollar Equivalent up to but not exceeding the amount set opposite its name under “Letter of Credit Issuer Sublimit” on Schedule I attached hereto. On the Effective Date, (a) each of the existing Lenders immediately prior to the Effective Date (the “Existing Lenders”) shall assign to each Incremental Revolving Loan Lender, and each Incremental Revolving Loan Lender shall purchase from each Existing Lender, at the principal amount thereof (together with accrued interest), such interests in the Revolving Loans and Letter of Credit Usage outstanding on the Effective Date as shall be necessary in order that, after giving effect to all such assignments and purchases, such Revolving Loans and participation interests in Letter of Credit Usage will be held by Existing Lenders and Incremental Revolving Loan Lenders ratably in accordance with their Revolving Commitments after giving effect to the addition of the Incremental Revolving Loan Commitment to the Revolving Commitments, (b) each Incremental Revolving Loan Commitment shall be deemed for all purposes a Revolving Commitment and each Loan made thereunder shall be deemed, for all purposes, a Revolving Loan and (c) each Incremental Revolving Loan Lender shall become a Lender for all purposes under the Credit Agreement.

Appears in 1 contract

Samples: Joinder Agreement (Uber Technologies, Inc)

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Incremental Revolving Loan Commitment. The New Commitments Commitment of the Incremental Revolving Loan Lenders Lender (such commitment, the “Incremental Revolving Loan Commitment”) is $370,000,000250,000,000. Each The Incremental Revolving Loan Lender severally agrees to make Revolving Loans to the Borrower from time to time in an aggregate amount up to but not exceeding the amount set opposite such the Incremental Revolving Loan Lender’s name under “Incremental Revolving Loan Commitment” on Schedule I attached hereto, subject to the terms of the Credit Agreement. Bank of ChinaMizuho Bank, Los Angeles Branch Ltd. agrees, during the Availability Period, subject to the terms and conditions of the Credit Agreement, to issue Letters of Credit at the request and for the account of the Borrower or any Subsidiary in the aggregate Dollar Equivalent up to but not exceeding the amount set opposite its name under “Letter of Credit Issuer Sublimit” on Schedule I attached hereto. On the Effective Date, in accordance with Section 2.18 of the Credit Agreement, (a) each of the existing Lenders immediately prior to the Effective Date (the “Existing Lenders”) shall assign to each the Incremental Revolving Loan Lender, and each the Incremental Revolving Loan Lender shall purchase from each Existing Lender, at the principal amount thereof (together with accrued interest), such interests in the Revolving Loans and Letter of Credit Usage outstanding on the Effective Date as shall be necessary in order that, after giving effect to all such assignments and purchases, such Revolving Loans and participation interests in Letter of Credit Usage will be held by Existing Lenders and the Incremental Revolving Loan Lenders Lender ratably in accordance with their Revolving Commitments after giving effect to the addition of the Incremental Revolving Loan Commitment to the Revolving Commitments, (b) each the Incremental Revolving Loan Commitment shall be deemed for all purposes a Revolving Commitment and each Loan made thereunder shall be deemed, for all purposes, a Revolving Loan and (c) each the Incremental Revolving Loan Lender shall become a Lender for all purposes under the Credit Agreement.

Appears in 1 contract

Samples: Joinder Agreement (Uber Technologies, Inc)

Incremental Revolving Loan Commitment. The New Commitments Revolving Loan Commitment of the Initial Incremental Revolving Loan Lenders (such commitment, the “Incremental Revolving Loan Commitment”) is $370,000,00090,000,000. Each Initial Incremental Revolving Loan Lender severally agrees to make Revolving Loans to the Borrower from time to time in an aggregate amount up to but not exceeding the amount set opposite such Initial Incremental Revolving Loan Lender’s name under “Incremental Revolving Loan Commitment” on Schedule I attached hereto, subject to the terms of the Credit Agreement. Bank of China, Los Angeles Branch agrees, during the Availability Period, subject to the terms and conditions of the Credit Agreement, to issue Letters of Credit at the request and for the account of the Borrower or any Subsidiary in the aggregate Dollar Equivalent up to but not exceeding the amount set opposite its name under “Letter of Credit Issuer Sublimit” on Schedule I attached hereto. On the Effective Closing Date, (a) each of the existing Lenders with Revolving Exposure immediately prior to the Effective Date effectiveness of this Agreement (the “Existing Lenders”) shall assign to each Initial Incremental Revolving Loan Lender, and each Initial Incremental Revolving Loan Lender shall purchase from each Existing Lender, at the principal amount thereof (together with accrued interest), such interests in the Revolving Loans and Letter of Credit Usage outstanding on the Effective Closing Date as shall be necessary in order that, after giving effect to all such assignments and purchases, such Revolving Loans and participation interests in Letter of Credit Usage will be held by Existing Lenders and Initial Incremental Revolving Loan Lenders ratably in accordance with their Revolving Commitments after giving effect to the addition of the Incremental Revolving Loan Commitment to the Revolving Commitments, (b) each Incremental Revolving Loan Commitment shall be deemed for all purposes a Revolving Commitment and each Loan made thereunder shall be deemed, for all purposes, a Revolving Loan and (c) each Initial Incremental Revolving Loan Lender shall become a Lender for with respect to the Incremental Revolving Loan Commitment and all purposes under the Credit Agreementmatters relating thereto.

Appears in 1 contract

Samples: Incremental Revolving Joinder Agreement (Cypress Semiconductor Corp /De/)

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Incremental Revolving Loan Commitment. The New Commitments of the Incremental Revolving Loan Lenders (such commitment, the “Incremental Revolving Loan Commitment”) is $370,000,000. Each Incremental Revolving Loan Lender severally agrees to make Revolving Loans to the Borrower from time to time in an aggregate amount up to but not exceeding the amount set opposite such Incremental Revolving Loan Lender’s name under “Incremental Revolving Loan Commitment” on Schedule I attached hereto, subject to the terms of the Credit Agreement. Bank of China, Confidential Treatment Requested by Uber Technologies, Inc. Pursuant to 17 C.F.R. Section 200.83 Los Angeles Branch agrees, during the Availability Period, subject to the terms and conditions of the Credit Agreement, to issue Letters of Credit at the request and for the account of the Borrower or any Subsidiary in the aggregate Dollar Equivalent up to but not exceeding the amount set opposite its name under “Letter of Credit Issuer Sublimit” on Schedule I attached hereto. On the Effective Date, (a) each of the existing Lenders immediately prior to the Effective Date (the “Existing Lenders”) shall assign to each Incremental Revolving Loan Lender, and each Incremental Revolving Loan Lender shall purchase from each Existing Lender, at the principal amount thereof (together with accrued interest), such interests in the Revolving Loans and Letter of Credit Usage outstanding on the Effective Date as shall be necessary in order that, after giving effect to all such assignments and purchases, such Revolving Loans and participation interests in Letter of Credit Usage will be held by Existing Lenders and Incremental Revolving Loan Lenders ratably in accordance with their Revolving Commitments after giving effect to the addition of the Incremental Revolving Loan Commitment to the Revolving Commitments, (b) each Incremental Revolving Loan Commitment shall be deemed for all purposes a Revolving Commitment and each Loan made thereunder shall be deemed, for all purposes, a Revolving Loan and (c) each Incremental Revolving Loan Lender shall become a Lender for all purposes under the Credit Agreement.

Appears in 1 contract

Samples: Joinder Agreement (Uber Technologies, Inc)

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