Common use of Lender Elections to Increase Clause in Contracts

Lender Elections to Increase. If Borrower so requests, each Lender may notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment (which agreement may be given or withheld at such Lender’s sole and absolute discretion) and, if so, whether by an amount equal to, greater than, or less than its Revolving Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment.

Appears in 6 contracts

Samples: Credit Agreement (Chesapeake Midstream Partners Lp), Credit Agreement (Chesapeake Energy Corp), Credit Agreement (Access Midstream Partners Lp)

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Lender Elections to Increase. If Any Lender which the Borrower so requests, each Lender may requests to provide such increase shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment (which agreement may be given or withheld at such Lender’s sole and absolute discretion) and, if so, whether the amount by an amount equal to, greater than, or less than which such Lender is willing to increase its Revolving Percentage of such requested increaseCommitment. Any relevant Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment.

Appears in 3 contracts

Samples: Revolving Credit Agreement (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.), Revolving Credit Agreement (CAI International, Inc.)

Lender Elections to Increase. If Borrower so requests, each Each Lender may shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Loan Commitment (which agreement may be given or withheld at such Lender’s sole and absolute discretion) and, if so, whether by an amount equal to, greater than, or less than its Revolving 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 Revolving Loan Commitment.

Appears in 3 contracts

Samples: Credit Agreement (Ameriprise Financial Inc), Credit Agreement (Ameriprise Financial Inc), Credit Agreement (Ameriprise Financial Inc)

Lender Elections to Increase. If In the event that the Borrower so requestselects to request increases in the commitments of each of the existing Lenders, each Lender may shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment (which agreement may be given or withheld at such Lender’s sole and absolute discretion) and, if so, whether by an amount equal to, greater than, or less than its Revolving 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.

Appears in 2 contracts

Samples: Credit Agreement (Pioneer Southwest Energy Partners L.P.), Assignment and Assumption (Pioneer Southwest Energy Partners L.P.)

Lender Elections to Increase. If Borrower Co-Borrowers so requestsrequest, each Lender may notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment (which agreement may be given or withheld at such Lender’s sole and absolute discretion) and, if so, whether by an amount equal to, greater than, or less than its Revolving Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment.

Appears in 2 contracts

Samples: Credit Agreement (Chesapeake Energy Corp), Credit Agreement (Chesapeake Energy Corp)

Lender Elections to Increase. If Each Lender shall notify the Borrower so requests, each Lender may notify and the Administrative Agent within such requested time period whether or not it agrees to increase its Revolving Commitment (which agreement may be given or withheld at such Lender’s sole and absolute discretion) and, if so, whether by an amount equal to, greater than, or less than its Revolving applicable Commitment Percentage of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment.

Appears in 2 contracts

Samples: Credit Agreement (TTM Technologies Inc), Credit Agreement (Roanoke Electric Steel Corp)

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Lender Elections to Increase. If Borrower To the extent so requestsrequested to increase its Commitment by the Borrower, each Lender may shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment (which agreement may be given or withheld at such Lender’s sole and absolute discretion) and, if so, whether by an amount equal to, greater than, or less than its Revolving 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.

Appears in 1 contract

Samples: Credit Agreement (Claros Mortgage Trust, Inc.)

Lender Elections to Increase. If the Borrower so requestselects to request increases in the Revolving Commitments of each of the existing Lenders, each Lender may shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment (which agreement may be given or withheld at such Lender’s sole and absolute discretion) and, if so, whether by an amount equal to, greater than, or less than its Revolving 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.

Appears in 1 contract

Samples: Credit Agreement (GPM Petroleum LP)

Lender Elections to Increase. If To the extent the Borrower so requestsis seeking a Commitment Increase from existing Lenders, each Lender may shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving the Commitment (which agreement may be given or withheld at such Lender’s sole and absolute discretion) Increase and, if so, whether by an amount equal to, greater than, or less than its Revolving 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. No Lender shall be obligated to increase its Commitment hereunder.

Appears in 1 contract

Samples: Credit Agreement (KKR Financial Holdings LLC)

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