Request for Increase of Term Loan Sample Clauses

Request for Increase of Term Loan. (A) Subject at all times to all of the terms and conditions of this Agreement (including without limitation (x) the satisfaction of the conditions set forth in Section 4.02 and (y) the last sentence of this clause (A)), Borrower may, on any Business Day from time to time after the Closing Date, deliver a written notice to Agent (an “Incremental Request”) requesting to add additional term loans (each such additional term loan, an “Incremental Term Loan Advance”) in minimum principal amounts of $1,000,000; provided that (1) the aggregate principal amount of all Incremental Term Loan Advances shall not exceed $50,000,000 and (2) no more than two (2) Incremental Requests may be delivered during the term of this Agreement. ANY SUCH INCREMENTAL REQUEST, ALONG WITH THE TERMS AND CONDITIONS THEREOF, WOULD NEED TO BE APPROVED IN WRITING BY AGENT AND EACH LENDER PROVIDING THE INCREMENTAL TERM LOAN ADVANCE, WHICH EACH SUCH APPROVAL MAY BE PROVIDED OR DECLINED BY EACH OF AGENT AND EACH SUCH LENDER IN ITS SOLE AND ABSOLUTE DISCRETION.
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Related to Request for Increase of Term Loan

  • 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).

  • Termination Reduction or Increase of the Commitments (a) The Company shall have the right, upon at least three Business Days' notice to the Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and provided further that (x) the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding, and (y) once terminated, a portion of a Commitment shall not be reinstated except pursuant to Section 2.05(c).

  • 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:

  • Repayment of Term Loan The principal amount of the Term Loan shall be repaid in consecutive quarterly installments as follows, unless accelerated sooner pursuant to Section 7.2: Principal Amortization Payment Dates Term Loan Principal Amortization Payment September 30, 2007 $ 559,375 December 31, 2007 $ 559,375 March 31, 2008 $ 559,375 June 30, 2008 $ 559,375 September 30, 2008 $ 1,118,750 December 31, 2008 $ 1,118,750 March 31, 2009 $ 1,118,750 June 30, 2009 $ 1,118,750 September 30, 2009 $ 1,678,175 December 31, 2009 $ 1,678,175 March 31, 2010 $ 1,678,175 June 30, 2010 $ 1,678,175 September 30, 2010 $ 2,237,500 December 31, 2010 $ 2,237,500 March 31, 2011 $ 2,237,500 June 30, 2011 $ 2,237,500 September 30, 2011 $ 2,237,500 December 31, 2011 $ 2,237,500 March 31, 2012 $ 2,237,500 Term Loan Maturity Date The remaining outstanding principal amount of the Term Loan

  • Prepayment; termination of Commitment A notice under Clause 24.4 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrower’s notice of intended prepayment; and:

  • Repayment of Term Loans The Term Loan of each Term Loan Lender shall mature in 28 consecutive quarterly installments, commencing on June 30, 2004 and ending on March 4, 2011, each of which shall be in an amount equal to such Lender's Term Loan Percentage multiplied by the amount set forth below opposite such installment: Installment Principal Amount ----------- ---------------- June 30, 2004 $ 450,000 September 30, 2004 $ 450,000 December 31, 2004 $ 450,000 March 31, 2005 $ 450,000 June 30, 2005 $ 450,000 September 30, 2005 $ 450,000 December 31, 2005 $ 450,000 March 31, 2006 $ 450,000 June 30, 2006 $ 450,000 September 30, 2006 $ 450,000 December 31, 2006 $ 450,000 March 31, 2007 $ 450,000 June 30, 2007 $ 450,000 September 30, 2007 $ 450,000 December 31, 2007 $ 450,000 March 31, 2008 $ 450,000 June 30, 2008 $ 450,000 September 30, 2008 $ 450,000 December 31, 2008 $ 450,000 March 31, 2009 $ 450,000 June 30, 2009 $ 450,000 September 30, 2009 $ 450,000 Installment Principal Amount ----------- ---------------- December 31, 2009 $ 450,000 March 31, 2010 $ 450,000 June 30, 2010 $42,300,000 September 30, 2010 $42,300,000 December 31, 2010 $42,300,000 March 4, 2011 $42,300,000

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