Optional Revolving Loan Commitment Increase Request. Provided no Default or Event of Default shall have occurred and shall be continuing, Borrower may request that the Lenders increase the Revolving Loan Commitment by an amount not greater than $10,000,000 in the aggregate (the “Optional Revolving Loan Commitment Increase”), as set forth on the Commitment Annex in the table under the heading “After Effectiveness of the Optional Revolving Loan Commitment Increase”. The Optional Revolving Loan Commitment Increase shall be subject to the approval of Administrative Agent and the Lenders in their respective sole discretion, and shall also be subject to the terms and provisions of Section 4.11, including, without limitation, such modifications to the Financing Documents as Administrative Agent shall reasonably request as necessary to effect the Optional Revolving Loan Commitment Increase, and other matters considered appropriate by Agent in its reasonable discretion. Only one such increase in the Revolving Loan Commitment may be requested by Borrower pursuant to this Section 2.2(f).
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Sources: Credit Agreement (Collegiate Pacific Inc), Credit Agreement (Collegiate Pacific Inc)
Optional Revolving Loan Commitment Increase Request. Provided no Default or Event of Default shall have occurred and shall be continuing, Borrower may request that the Lenders increase the Revolving Loan Commitment by an amount not greater than $10,000,000 30,000,000 in the aggregate (the “Optional Revolving Loan Commitment Increase”), as set forth on the Commitment Annex in the table under the heading “After Effectiveness of the Optional Revolving Loan Commitment Increase”. The Optional Revolving Loan Commitment Increase shall be subject to the approval of Administrative Agent and the Lenders in their respective sole discretion, and shall also be subject to the terms and provisions of Section 4.11, including, without limitation, such modifications to the Financing Documents as Administrative Agent shall reasonably request as necessary to effect the Optional Revolving Loan Commitment Increase (including an amendment to the Commitment Annex to reflect the Lenders, and the commitment amounts and commitment percentages of such Lenders, as of the effectiveness of the Optional Revolving Loan Commitment Increase), and other matters considered appropriate by Agent in its reasonable discretion. Only one such increase in the Revolving Loan Commitment may be requested by Borrower pursuant to this Section 2.2(f).
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