Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase Term Loan A-1 or agrees to participate in an Incremental Term Loan and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term Loan.
Appears in 9 contracts
Samples: Credit Agreement (Phillips Edison Grocery Center Reit I, Inc.), Credit Agreement (Phillips Edison Grocery Center Reit I, Inc.), Credit Agreement (Phillips Edison & Company, Inc.)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its Revolving Commitment or any Term Loan A-1 or agrees to participate in an Incremental Term Loan and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment or any Term Loan A-1 or participate in an Incremental Term Loan.
Appears in 8 contracts
Samples: Credit Agreement (Phillips Edison Grocery Center Reit Ii, Inc.), Credit Agreement (Phillips Edison Grocery Center Reit I, Inc.), Credit Agreement (Phillips Edison & Company, Inc.)
Lender Elections to Increase. Each Term Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its Term Loan A-1 Loans or agrees to participate in an the Incremental Term Loan Tranche and, if so, whether by an amount equal to, greater than, or less than its ratable portion (based on such Term Lender’s Applicable Percentage in respect of the Term Facility) of such requested increase. Any Term Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term LoanLoans.
Appears in 7 contracts
Samples: Credit Agreement (Gsi Group Inc), Security Agreement (Gsi Group Inc), Credit Agreement (Gsi Group Inc)
Lender Elections to Increase. Each Term Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its Term Loan A-1 or agrees to participate in an Incremental Term Loan Loans and, if so, whether by an amount equal to, greater than, or less than its ratable portion (based on such Term Lender’s Applicable Percentage in respect of the Term Facility) of such requested increase. Any Term Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term LoanLoans.
Appears in 6 contracts
Samples: Credit Agreement (Greif Inc), Credit Agreement (Bally Technologies, Inc.), Credit Agreement (Greif Inc)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the time period specified by in the Borrower pursuant to Borrower’s notice as provided in Section 2.16(a2.14(a) whether or not it agrees to increase Term Loan A-1 or agrees to participate in an Incremental Term Loan its outstanding portion of the Loans, as applicable, and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term Loanoutstanding portion of the Loans.
Appears in 5 contracts
Samples: Amendment and Restatement Agreement (Sequential Brands Group, Inc.), Credit Agreement (Sequential Brands Group, Inc.), Credit Agreement (Sequential Brands Group, Inc.)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase Term Loan A-1 or agrees to participate in an Incremental its portion of the Term Loan and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental portion of the Term Loan.
Appears in 4 contracts
Samples: Credit Agreement (Greenbrier Companies Inc), Credit Agreement (Greenbrier Companies Inc), Credit Agreement (Greenbrier Companies Inc)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its Revolving Credit Commitment or make such Term Loan A-1 or agrees to participate in an Incremental Term Loan Loans and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increaseincrease or new Term Loans, respectively. Any Lender not responding within such time period shall be deemed to have declined to increase its Revolving Credit Commitment or to make Term Loan A-1 or participate in an Incremental Term LoanLoans, respectively.
Appears in 3 contracts
Samples: Credit Agreement (Targa Resources Partners LP), Third Amendment and Restatement Agreement (Targa Resources Partners LP), Credit Agreement (Targa Resources Partners LP)
Lender Elections to Increase. Each Term Loan Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its Term Loan A-1 or agrees to participate in an Incremental Term Loan Loans and, if so, whether by an amount equal to, greater than, or less than its ratable portion (based on such Term Loan Lender’s Applicable Percentage in respect of the Term Loan Facility) of such requested increase. Any Term Loan Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term LoanLoans.
Appears in 3 contracts
Samples: Assignment and Assumption (Diamond Foods Inc), Collateral Agreement (Diamond Foods Inc), Credit Agreement (Diamond Foods Inc)
Lender Elections to Increase. Each Term Loan Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its Term Loan A-1 or agrees to participate in an Incremental Term Loan Loans and, if so, whether by an amount equal to, greater than, or less than its ratable portion (base on such Term Loan Lender’s Applicable Percentage in respect of the Term Loan Facility) of such requested increase. Any Term Loan Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term LoanLoans.
Appears in 2 contracts
Samples: Credit Agreement (Parker Drilling Co /De/), Assignment and Assumption (Parker Drilling Co /De/)
Lender Elections to Increase. Each Term A Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its Term Loan A-1 or agrees to participate in an Incremental Term Loan A Loans and, if so, whether by an amount equal to, greater than, or less than its ratable portion (based on such Term A Lender’s Applicable Percentage in respect of the Term A Facility) of such requested increase. Any Term A Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term LoanA Loans.
Appears in 2 contracts
Samples: Assignment and Assumption (On Assignment Inc), Credit Agreement (Flextronics International Ltd.)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase Term Loan A-1 its Commitment or agrees to participate in an Incremental a Term Loan and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increasein what amount. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 Commitment or participate in an Incremental the Term Loan.
Appears in 2 contracts
Samples: Credit Agreement (Phillips Edison Grocery Center REIT III, Inc.), Credit Agreement (Phillips Edison - ARC Grocery Center REIT II, Inc.)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its Term Loan A-1 or agrees to participate in an Incremental Term Loan Loans and, if so, whether by an amount equal to, greater than, or less than its ratable portion (based on such Lender’s Applicable Percentage Percentage) of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term LoanLoans.
Appears in 2 contracts
Samples: Credit Agreement (Starwood Property Trust, Inc.), Credit Agreement (Starwood Property Trust, Inc.)
Lender Elections to Increase. Each Lender shall notify the Borrowers and the Administrative Agent within the prescribed time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase Term Loan A-1 or agrees desires (in its sole discretion) to participate in an such Incremental Term Loan Borrowing and increase its Term Loan Advances in connection therewith and, if so, whether by an shall specify the amount equal to, greater than, or less than its Applicable Percentage of the additional advances of such Incremental Term Loan Borrowing requested increaseto be allocated to it. Any Lender not responding within such time period shall be deemed to have declined to increase its participate in such Incremental Term Loan A-1 or participate in an Incremental Term LoanBorrowing.
Appears in 2 contracts
Samples: Term Loan Agreement (BMCA Acquisition Sub Inc.), Term Loan Agreement (Building Materials Manufacturing Corp)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase Term Loan A-1 or agrees to participate in an provide any Incremental Term Loan Loans and, if so, whether by an amount equal to, greater than, than or less than its ratable portion (based on such Lender’s Applicable Percentage in respect of the Term B Facility) of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an provide any Incremental Term LoanLoans.
Appears in 2 contracts
Samples: Security Agreement (Health Management Associates Inc), Security Agreement (Health Management Associates Inc)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase Term Loan A-1 or agrees to participate in an Incremental Term Loan and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term Loan.. (c)
Appears in 2 contracts
Samples: Credit Agreement (Phillips Edison & Company, Inc.), Credit Agreement (Phillips Edison & Company, Inc.)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase Term Loan A-1 its Revolving Credit Commitment or agrees to participate in an make term loans under the Incremental Term Loan Facility, as applicable, and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increaseincrease or requested Incremental Facility. Any Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment or make term loans under the Incremental Term Loan A-1 or participate in an Incremental Term LoanFacility, as applicable.
Appears in 2 contracts
Samples: Credit Agreement (Kennedy-Wilson Holdings, Inc.), Credit Agreement (Kennedy-Wilson Holdings, Inc.)
Lender Elections to Increase. Each such Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its Term Loan A-1 or agrees to participate in an Incremental Term Loan Loans and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage ratable portion (based on such Lender’s Term Loan Percentage) of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term LoanLoans.
Appears in 1 contract
Samples: Credit Agreement (Medcath Corp)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its Revolving Commitment or any Term Loan A-1 or agrees to participate in an Incremental Term Loan and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment or any Term Loan A-1 or participate in an Incremental Term Loan.. (c)
Appears in 1 contract
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase Term Loan A-1 or agrees to participate in make an Incremental Term Loan and, if so, whether by an the amount equal to, greater than, or less than of its Applicable Percentage commitment of such requested increaseIncremental Term Loan. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term make such Loan.
Appears in 1 contract
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its respective Term Loan A-1 or agrees to participate in an Incremental Term Loan Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage Pro Rata Share of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term LoanCommitment.
Appears in 1 contract
Samples: Loan and Security Agreement (ExamWorks Group, Inc.)
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase Exhibit A to Third Amendment to Credit Agreement Term Loan A-1 or agrees to participate in an Incremental Term Loan and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Term Loan A-1 or participate in an Incremental Term Loan.
Appears in 1 contract
Lender Elections to Increase. Each Term Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase make new Term Loan A-1 or agrees to participate in an Incremental Term Loan Loans and, if so, whether by an amount equal to, greater than, or less than its ratable portion (based on such Term Lender’s Applicable Percentage in respect of the Term Facility) of such requested increase. Any Term Lender not responding within such time period shall be deemed to have declined to increase its make new Term Loan A-1 or participate in an Incremental Term LoanLoans.
Appears in 1 contract
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its portion of the Term Loan A-1 or agrees to participate in an under the proposed Incremental Term Loan and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its portion of the Term Loan A-1 or participate in an under the proposed Incremental Term Loan.
Appears in 1 contract
Lender Elections to Increase. Each Lender shall notify the Administrative Agent within the such time period specified by the Borrower pursuant to Section 2.16(a) whether or not it agrees to increase its portion of the Term Loan A-1 or agrees to participate in an Incremental Delayed Draw Term Loan Loan, as applicable, and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its portion of the Term Loan A-1 or participate in an Incremental Delayed Draw Term Loan, as applicable.
Appears in 1 contract
