Notification by Agent; Additional Lenders Sample Clauses

Notification by Agent; Additional Lenders. The Agent shall notify the Lead Borrower and each Lender of the Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase and subject to the approval of the Agent, the L/C Issuer and the Swing Line Lender, to the extent that the existing Lenders decline to increase their Commitments, or decline to increase their Commitments to the amount requested by the Lead Borrower, the Agent, in consultation with the Lead Borrower, will use its reasonable efforts to arrange for other Eligible Assignees to become a Lender hereunder (each such Lender, an “Additional Commitment Lender”) and to issue commitments in an amount equal to the amount of the increase in the Aggregate Commitments requested by the Lead Borrower and not accepted by the existing Lenders (and the Lead Borrower may also invite additional Eligible Assignees to become Lenders), provided, however, that without the consent of the Agent, at no time shall the Commitment of any Additional Commitment Lender be less than $5,000,000.
AutoNDA by SimpleDocs
Notification by Agent; Additional Lenders. The Agent shall notify the Borrowers and each Lender of the Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase in the Facility Amount and subject to the approval of the Agent and the Agent (which approvals shall not be unreasonably withheld), the Borrowers may also invite additional Eligible Assignees to become Lenders pursuant to a joinder agreement in form and substance reasonably satisfactory to the Agent and its counsel.
Notification by Agent; Additional Lenders. The Agent shall notify the Borrower and each Lender of the Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase and subject to the approval of the Agent, the L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld), the Borrower may also invite additional Eligible Assignees to become Lenders pursuant to a joinder agreement in form and substance satisfactory to the Agent and its counsel.
Notification by Agent; Additional Lenders. The Agent shall notify the Lead Borrower and each Tranche A Lender of the Tranche A Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase and subject to the approval of the Agent, the L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably withheld), to the extent that the existing Tranche A Lenders decline to increase their Tranche A Commitments, or decline to increase their Tranche A Commitments to the amount requested by the Lead Borrower, the Arranger, in consultation with the Lead Borrower, will use its reasonable efforts to arrange for other Eligible Assignees to become a Tranche A Lender hereunder and to issue commitments in an amount equal to the amount of the increase in the Tranche A Commitments requested by the Lead Borrower and not accepted by the existing Tranche A Lenders (and the Lead Borrower may also invite additional Eligible Assignees to become Tranche A Lenders) (collectively, the “Additional Commitment Lenders”), provided, however, that without the consent of the Agent, at no time shall the Tranche A Commitment of any Additional Commitment Lender be less than $5,000,000.
Notification by Agent; Additional Lenders. On the last day of the time period specified in the Borrower’s notice as provided in Section 2.14(a), the Agent shall notify the Borrower and each Lender of the Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase and subject to the approval of the GSO Entities, to the extent that the existing Lenders decline to increase their respective outstanding portion of the Loans, as applicable, or decline to increase their respective outstanding portion of the Loans to the amount requested by the Borrower, the Agent and the Arranger, in consultation with the Borrower, will use their reasonable efforts to arrange for other Eligible Assignees to become a Lender hereunder (each such Lender, an “Additional Commitment Lender”) and to issue commitments in an amount equal to the amount of the increase in the Loans requested by the Borrower and not accepted by the existing Lenders (and the Borrower may also invite additional Eligible Assignees to become Lenders), provided, however, that without the consent of the Agent and the Arranger, at no time shall the commitment of any Additional Commitment Lender be less than $5,000,000.
Notification by Agent; Additional Lenders. Agent shall notify Borrower Agent and each Lender of the Lenders’ responses to each request made hereunder. To the extent the full amount of a requested increase is not agreed to by the Lenders, Agent will use commercially reasonable efforts to obtain one or more Eligible Assignees that are not then Lenders and who are reasonably acceptable to the Borrower Agent, or the Borrowers may obtain one or more Eligible Assignees that are not Lenders and who are reasonably acceptable to the Agent and Issuing Bank (which approvals shall not be unreasonably withheld) to become Lenders pursuant to a joinder agreement in form and substance satisfactory to Agent and its counsel.
Notification by Agent; Additional Lenders. The Agent shall notify the Lead Borrower and each Lender of the Lenders’ responses to each request made hereunder.
AutoNDA by SimpleDocs
Notification by Agent; Additional Lenders. The Administrative Agent shall notify Borrower Funds Administrator and each Lender of the Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase and subject to the approval of Agent and the L/C Issuer (which approvals shall not be unreasonably withheld), to the extent that the existing Lenders decline to increase their Commitments in respect of the Revolving Facility, or decline to increase such Commitments to the amount requested by Borrower Funds Administrator, Agent, in consultation with Borrower Funds Administrator, will use its reasonable efforts to arrange for other Eligible Assignees acceptable to Agent and Documentation Agent to become a Lender hereunder and to issue commitments in an amount equal to the amount of the increase in the Commitments in respect of the Revolving Facility requested by Borrower Funds Administrator and not accepted by the existing Lenders (and Borrower Funds Administrator may also invite additional Eligible Assignees acceptable to Agent and Documentation Agent to become Lenders), provided, however, that without the consent of Agent, at no time shall any Additional Commitment Lender’s Commitment in respect of the Revolving Facility be less than $2,500,000.
Notification by Agent; Additional Lenders. The Agent shall notify the Lead Borrower and each Revolving Lender of the Revolving Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase and subject to the approval of the Agent, the L/C Issuer and the Swing Line Lender, to the extent that the existing Revolving Lenders decline to DB1/ 97390493.6 increase their Commitments, or decline to increase their Commitments to the amount requested by the Lead Borrower, the Agent, in consultation with the Lead Borrower, will use its reasonable efforts to arrange for other Eligible Assignees to become a Revolving Lender hereunder (each such Revolving Lender, an “Additional Commitment Lender”) and to issue commitments in an amount equal to the amount of the increase in the Aggregate Revolving Commitments requested by the Lead Borrower and not accepted by the existing Revolving Lenders (and the Lead Borrower may also invite additional Eligible Assignees to become Revolving Lenders), provided, however, that without the consent of the Agent, at no time shall the Revolving Commitment of any Additional Commitment Lender be less than $5,000,000.
Notification by Agent; Additional Lenders. Agent shall notify the Company and each Lender of Lenders’ responses to each request made hereunder. If the aggregate amount of the increases in the Revolver Commitments received from the Existing Increasing Lenders does not equal the Additional Revolver Commitment Amount, subject to the approval of Agent, the Issuing Lender and the Swing Lender (which approvals shall not be unreasonably withheld), the Administrative Borrower may also invite other Persons to become Lenders pursuant to a joinder agreement in form and substance satisfactory to Agent and its counsel (such other Persons, “New Increasing Lenders”, and together with the Existing Increasing Lenders, the “Increasing Lenders”; provided that such New Increasing Lender shall not include (i) any Loan Party, Affiliate of a Loan Party, Equity Sponsor, or Affiliate of Equity Sponsor (or a related investment fund of the Equity Sponsor that is managed by or advised by the same investment advisor as the Equity Sponsor or by an affiliate of such investment advisor), or (ii) any Person that cannot (either directly or through an Applicable Designee) lend to the Borrowers in Dollars, Euros or Sterling).
Time is Money Join Law Insider Premium to draft better contracts faster.