Common use of Optional Increase in Commitments Clause in Contracts

Optional Increase in Commitments. (a) Subject to the conditions set forth below, the Company may, upon at least ten (10) days (or such other period of time agreed to between the Administrative Agent and the Company) prior written notice to the Administrative Agent, increase the Aggregate Commitments from time to time, either by designating a lender not theretofore a Lender to become a Lender (such designation to be effective only with the prior written consent of the Administrative Agent which shall not be unreasonably withheld) or by agreeing with an existing Lender that such Lender’s Commitment shall be increased (thus increasing the Aggregate Commitments); provided that:

Appears in 3 contracts

Samples: Loan Agreement (Myers Industries Inc), Loan Agreement (Myers Industries Inc), Loan Agreement (Myers Industries Inc)

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Optional Increase in Commitments. (a) Subject to the conditions set forth below, the Company may, upon at least ten thirty (1030) days (or such other period of time agreed to between the Administrative Agent and the Company) prior written notice to the Administrative AgentAgent and the Lenders, increase the Aggregate Commitments from time to timeCommitment, either by designating a lender not theretofore a Lender to become a Lender (such designation to be effective only with the prior written consent of the Administrative Agent Agent, which consent shall not be unreasonably withheld) or by agreeing with an existing Lender that such Lender’s 's Commitment shall be increased (thus increasing the Aggregate CommitmentsCommitment); provided that:

Appears in 1 contract

Samples: Loan Agreement (Myers Industries Inc)

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Optional Increase in Commitments. (a) Subject to the conditions set forth below, the Company may, upon at least ten thirty (1030) days (or such other period of time agreed to between the Administrative Agent and the Company) prior written notice to the Administrative Agent or such shorter time as may be agreed to by the Agent, increase the Aggregate Commitments from time to timeaggregate amount of the Commitments, either by designating a lender not theretofore a Lender to become a Lender (such designation to be effective only with the prior written consent of the Administrative Agent Agent, which consent shall not be unreasonably withheld) or by agreeing with an existing Lender that such Lender’s 's Commitment shall be increased (thus increasing the Aggregate aggregate Commitments, provided that no existing Lender shall be obligated in any way to increase its commitment); provided that:

Appears in 1 contract

Samples: Credit Agreement (Apcoa Inc)

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