Common use of Lender Elections to Increase Clause in Contracts

Lender Elections to Increase. Each Lender shall notify the Agent within such time period whether or not it agrees to increase its Revolving Credit Commitment and, if so, whether by an amount equal to, greater than, or less than its Revolving Credit Commitment Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Commitment.

Appears in 2 contracts

Samples: Credit Agreement (Martek Biosciences Corp), Credit Agreement (Martek Biosciences Corp)

AutoNDA by SimpleDocs

Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Credit Commitment Loans and, if so, whether by an amount equal to, greater than, or less than its Revolving Credit Commitment Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its CommitmentLoans.

Appears in 2 contracts

Samples: Credit Agreement (Rexford Industrial Realty, Inc.), Credit Agreement (Rexford Industrial Realty, Inc.)

Lender Elections to Increase. Each Lender shall notify the Agent within such time period whether or not it agrees to increase its Revolving Credit Commitment Loans and, if so, whether by an amount equal to, greater than, or less than its Revolving Credit Commitment Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Commitmenttotal Loans.

Appears in 2 contracts

Samples: Term Loan Agreement (Piedmont Office Realty Trust, Inc.), Term Loan Agreement (Piedmont Office Realty Trust, Inc.)

Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such time period whether or not it agrees agrees, in its sole discretion, to increase its Revolving Credit Commitment Loans and, if so, whether by an amount equal to, greater than, or less than its Revolving Credit Commitment Percentage ratable portion (based on such Lender's Pro Rata Share) of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its CommitmentLoans.

Appears in 1 contract

Samples: Term Loan Agreement (TAL International Group, Inc.)

Lender Elections to Increase. Each Lender shall notify the Agent within such the time period specified in the Borrower’s notice as provided in Section 2.14(a) whether or not it agrees to increase its Revolving Credit Commitment outstanding portion of the Loan, as applicable, and, if so, whether by an amount equal to, greater than, or less than its Revolving Credit Commitment Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Commitmentoutstanding portion of the Loan.

Appears in 1 contract

Samples: Second Lien Credit Agreement (Sequential Brands Group, Inc.)

Lender Elections to Increase. Each Lender shall notify the Borrower Agent within such time period whether or not it agrees to commit to a portion of the requested increase its Revolving Credit Commitment of the Facility and, if so, whether by an amount equal to, greater than, or less than its Revolving Credit Commitment Percentage of such requested increaseApplicable Percentage. Any Lender not responding within such time period shall be deemed to have declined to increase its Commitmentcommit to any portion of the requested increase.

Appears in 1 contract

Samples: Credit Agreement (Purple Innovation, Inc.)

Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Credit Commitment Loans and, if so, whether by an amount equal to, greater than, or less than its Revolving Credit Commitment Percentage ratable portion (based on such Lender's Applicable Percentage) of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its CommitmentLoans.

Appears in 1 contract

Samples: Credit Agreement (Lakes Entertainment Inc)

Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Credit Commitment Loans and, if so, whether by an amount equal to, greater than, or less than its Revolving Credit Commitment ratable portion (based on such Lender’s Applicable Percentage in respect of the Facility) of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its CommitmentLoans.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Stericycle Inc)

AutoNDA by SimpleDocs

Lender Elections to Increase. Each Lender shall notify the Agent within such time period whether or not it agrees to increase its Tranche A Revolving Credit Loan Commitment and, if so, whether by an amount equal to, greater than, or less than its Revolving Credit Commitment Loan Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Tranche A Revolving Loan Commitment.

Appears in 1 contract

Samples: Loan and Security Agreement (Restoration Hardware Inc)

Lender Elections to Increase. Each Lender shall notify the Agent in writing within such time period whether or not it agrees to increase its Commitment for Revolving Credit Commitment Loans and, if so, whether by an amount equal to, greater than, or less than its Revolving Credit Commitment Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Commitment. No Lender shall have any obligation to increase its Commitment.

Appears in 1 contract

Samples: Revolving Credit Agreement (Green Mountain Coffee Roasters Inc)

Lender Elections to Increase. Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Credit Commitment Loans and, if so, whether by an amount equal to, greater than, or less than its Revolving Credit Commitment ratable portion (based on such Lender’s Applicable Percentage in respect of the Loans) of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its CommitmentLoans.

Appears in 1 contract

Samples: Term Loan Agreement (Sonoco Products Co)

Lender Elections to Increase. Each Lender shall notify the Agent within such time period whether or not it agrees to increase its Revolving Credit Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Revolving Credit Commitment Percentage or Applicable Term Loan Commitment Percentage (as applicable) of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Commitment.

Appears in 1 contract

Samples: Credit Agreement (QC Holdings, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.