Procedure for Increases and Addition of New Lenders Sample Clauses

Procedure for Increases and Addition of New Lenders. This Agreement permits certain increases in a Lender’s Commitment and the admission of new Lenders providing new Commitments, none of which require any consents or approvals from the other Lenders. Any amendment hereto for such an increase or addition shall be in the form attached hereto as Exhibit F and shall only require the written signatures of the Administrative Agent, the Borrower and the Lender(s) being added or increasing their Commitment. In addition, within a reasonable time after the effective date of any increase, the Administrative Agent shall, and is hereby authorized and directed to, revise the Lenders Schedule reflecting such increase and shall distribute such revised Schedule to each of the Lenders and the Borrower, whereupon such revised Schedule shall replace the old Schedule and become part of this Agreement. On the Business Day following any such increase, all outstanding Floating Rate Advances shall be reallocated among the Lenders (including any newly added Lenders) in accordance with the Lenders’ respective revised Pro Rata Shares. Eurodollar Advances shall not be reallocated among the Lenders prior to the expiration of the applicable Interest Period in effect at the time of any such increase.
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Procedure for Increases and Addition of New Lenders. This Agreement permits certain increases in a Lender's Commitment and the addition of Eligible Assignees as new Lenders providing new commitments, none of which require any consents or approvals from the other Lenders. Notwithstanding Section 11.02(b), any amendment hereto for such an increase or addition shall be in the form attached hereto as Exhibit F and shall only require execution by the Administrative Agent, the Borrower and each Lender that is increasing its Commitment and each Eligible Assignee that becomes a Lender, as the case may be. In addition, within a reasonable time after the effective date of any Increase, the Administrative Agent shall, and is hereby authorized and directed to, revise Schedule 2.01 to reflect such Increase and shall distribute such revised Schedule 2.01 to each Lender and each Borrower, whereupon such revised Schedule 2.01 shall supersede and replace the prior Schedule 2.01 and become part of this Agreement. On the Business Day following any Increase, all outstanding Revolving Loans shall be reallocated among the Lenders (including any Eligible Assignees that have become Lenders) in accordance with the Lenders' respective revised Applicable Percentages. The Borrower shall pay any funding indemnification amounts required by Section 2.17 in the event the payment of any principal of any Eurodollar Loan or the conversion of any Eurodollar Loan other than on the last day of an Interest Period applicable thereto is required in connection with any reallocation contemplated by this Section 11.15.
Sample 1See All (5)
Procedure for Increases and Addition of New Lenders. This Agreement permits increases in existing Lenders' Commitments without the consent or approval of the other Lenders, provided that the resulting Aggregate Commitments do not exceed the Maximum Credit Amount. This Agreement also permits the admission of new Lenders providing new Commitments, subject to the consent of the Lenders. Any amendment hereto for an increase in a Lender's Commitment or addition of a new Lender will be in the form attached hereto as Exhibit D. Only the written consent of the Administrative Agent, Unit and the existing Lender(s) increasing its or their Commitment(s) will be required to Exhibit D if and to the extent the Aggregate Commitments, as increased, will not exceed the Maximum Credit Amount. In addition, within a reasonable time after the effective date of any increase, the Administrative Agent will, and is hereby authorized and directed to, revise the Lenders Schedule reflecting such increase and will distribute revised Lenders Schedule to each of the Lenders and Unit, and the revised Lenders Schedule will replace the old Lenders Schedule and become part of this Agreement. On the Business Day following any increase, all outstanding Alternate Base Rate Advances will be reallocated among the Lenders (including any newly added Lenders) in accordance with the Lenders' respective revised Pro Rata Shares. Eurodollar Advances will not be reallocated among the Lenders prior to the expiration of the applicable Interest Period in effect at the time of any increase.
Sample 1
Procedure for Increases and Addition of New Lenders. This Agreement permits certain increases in a Lender's Commitment and the admission of new Lenders providing new Commitments, neither of which require any consents or approvals from the other Lenders. Any amendment hereto for such an increase or addition shall be in the form attached hereto as Exhibit "I" and shall only require the written signatures of the Agent, the Borrower, the Borrowing Subsidiaries and the Lender(s) being added or increasing their Commitment, subject only to the approval of all Lenders if any such increase would cause the Aggregate Commitment to exceed $400,000,000. In addition, within a reasonable time after the effective date of any increase, the Agent shall, and is hereby authorized and directed to, revise Schedule "1" reflecting such increase and shall distribute such revised Schedule to each of the Lenders and the Borrower, whereupon such revised Schedule shall replace the old Schedule and become part of this Agreement.
Sample 1
Procedure for Increases and Addition of New Lenders. This Agreement permits certain increases in a Lender's Commitment and the admission of new Lenders providing new Commitments, none of which require any consents or approvals from the other Lenders. Any amendment hereto for such an increase or addition shall be in the form attached hereto as Exhibit H and shall only require the written signatures of the Agent, the Borrower and the Lender being added or increasing its Commitment, subject only to the approval of all Lenders if any such increase would cause the aggregate Commitments to exceed $200,000,000. In addition, within two (2) Business Days after the effective date of any increase, the Agent shall, and is hereby authorized and directed to, revise Schedule 1.1 reflecting such increase and shall distribute such revised Schedule to each of the Lenders and the Borrower, whereupon such revised Schedule shall replace the old Schedule and become part of this Agreement. On the Business Day following any such increase, all outstanding Loans shall be reallocated among the Lenders (including any newly added Lender(s)) in accordance with the Lenders' respective revised Commitment Percentages as shown on the revised Schedule 1.1."
Sample 1

Related to Procedure for Increases and Addition of New Lenders

  • Incorporation of Administrative Code Provisions by Reference The provisions of Chapters 12B and 12C of the San Francisco Administrative Code are incorporated in this Section by reference and made a part of this Agreement as though fully set forth herein. Contractor shall comply fully with and be bound by all of the provisions that apply to this Agreement under such Chapters, including but not limited to the remedies provided in such Chapters. Without limiting the foregoing, Contractor understands that pursuant to §§12B.2(h) and 12C.3(g) of the San Francisco Administrative Code, a penalty of $50 for each person for each calendar day during which such person was discriminated against in violation of the provisions of this Agreement may be assessed against Contractor and/or deducted from any payments due Contractor.

  • Requests for Increase by Borrower The Borrower may, at any time prior to the Revolver Termination Date, propose that the Commitments hereunder of a Class be increased (each such proposed increase being a “Commitment Increase”) by notice to the Administrative Agent specifying each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase is to be effective (the “Commitment Increase Date”), which shall be a Business Day at least three Business Days (or such lesser period as the Borrower and the Administrative Agent may reasonably agree) after delivery of such notice and 30 days prior to the Revolver Termination Date; provided that each Lender may determine in its sole discretion whether or not it chooses to participate in a Commitment Increase; provided, further that:

  • Reliance on Self-Certifications and Documentary Evidence A Reporting Financial Institution may not rely on a self-certification or documentary evidence if the Reporting Financial Institution knows or has reason to know that the self- certification or documentary evidence is incorrect or unreliable.

  • Limitation of responsibility of Existing Lenders (a) Unless expressly agreed to the contrary, an Existing Lender makes no representation or warranty and assumes no responsibility to a New Lender for:

  • Discretion of Lender as to Manner of Funding Notwithstanding any other provision of this Agreement, each Lender shall be entitled to fund and maintain its funding of all or any part of its Loans in any manner it sees fit, it being understood, however, that for the purposes of this Agreement all determinations hereunder with respect to Eurodollar Loans shall be made as if each Lender had actually funded and maintained each Eurodollar Loan through the purchase of deposits in the interbank eurodollar market having a maturity corresponding to such Loan’s Interest Period, and bearing an interest rate equal to LIBOR for such Interest Period.

  • Request for Increase Provided there exists no Default, upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Borrower may from time to time, request an increase in the Aggregate Commitments by an amount (for all such requests) not exceeding $250,000,000; provided that (i) any such request for an increase shall be in a minimum amount of $25,000,000, and (ii) the Borrower may make a maximum of three such requests. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Lender is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Lenders).

  • Continuing Effect of the Credit Agreement This Amendment shall not constitute a waiver of any provision not expressly referred to herein and shall not be construed as a consent to any action on the part of the Borrowers or Guarantors that would require a waiver or consent of the Lenders or an amendment or modification to any term of the Loan Documents except as expressly stated herein. Except as expressly modified hereby, the provisions of the Credit Agreement and the Loan Documents are and shall remain in full force and effect.

  • Severability; Amendments (a) The invalidity or unenforceability of any provision of this Loan Agreement will not affect the validity or enforceability of any other provision, and all other provisions will remain in full force and effect. This Loan Agreement contains the entire agreement among the parties as to the rights granted and the obligations assumed in this Loan Agreement.

  • Termination of Obligations to Effect Closing; Effects (a) The obligations of the Company, on the one hand, and the Investors, on the other hand, to effect the Closing shall terminate as follows:

  • Incorporation of Certain Definitions by Reference Each capitalized term used herein and not otherwise defined herein shall have the meaning provided therefor (including by incorporation by reference) in the Related Documents.

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