Common use of Request for Increase Clause in Contracts

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of 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 amount of the Lenders’ Commitments by an amount (for all such requests) not exceeding $500,000,000; provided that any such request for an increase shall be in a minimum amount of $100,000,000 or, if less, the amount remaining available for all such increases. 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).

Appears in 3 contracts

Samples: Option Agreement and Permanent Easement Agreement (Antero Midstream Partners LP), Credit Agreement (Antero Resources Midstream LLC), Option Agreement And

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Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Default or Event of Default, upon notice to the Administrative Agent (which shall promptly notify the Lenders), at any time after the Closing Date, the Borrower may from time to time, request an increase in the aggregate amount of the Lenders’ Commitments Total Commitment by an amount (for all such requests) not exceeding $500,000,000; provided that (i) any such request for an increase shall be in a minimum amount of $100,000,000 or20,000,000, if less, and (ii) the amount remaining available for all Borrower may make a maximum of three such increasesrequests. 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).

Appears in 3 contracts

Samples: Credit Agreement (Staples Inc), Credit Agreement (Staples Inc), Credit Agreement (Staples Inc)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of Default, upon Upon notice to the Administrative Agent (which shall promptly notify the Revolving Lenders), the Borrower may from time to time, request an increase in the aggregate amount of the Lenders’ Commitments Revolving Facility by an amount (for all such requests) not exceeding $500,000,00045,000,000 (an “Incremental Facility”); provided that any such request for an increase Incremental Facility shall be in a minimum amount of $100,000,000 or5,000,000 and in increments of $1,000,000 in excess thereof, or if less, in an amount equal to the amount entire remaining available for all such increasesunused Incremental Facility. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Revolving Lender is requested to respond (which shall in no event be less than ten (10) Business Days (or such shorter period as may be agreed to by each such Revolving Lender) from the date of delivery of such notice to the Revolving Lenders).

Appears in 3 contracts

Samples: Credit Agreement (Cambium Networks Corp), Credit Agreement (Cambium Networks Corp), Credit Agreement (Cambium Networks Corp)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of Default, upon 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 amount of the Lenders’ Aggregate Commitments (a “Commitment Increase”) by an amount (for all such requestsrequests that are consummated) not exceeding $500,000,000; provided that (i) any such request for an increase shall be in a minimum amount of $100,000,000 or25,000,000, if less, and (ii) the amount remaining available for all Borrower may make a maximum of four such increasesrequests (disregarding any such requests that are not consummated). At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period (the “Consent 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).

Appears in 3 contracts

Samples: Revolving Credit Agreement (EnLink Midstream, LLC), Credit Agreement (Crosstex Energy Lp), Revolving Credit Agreement (EnLink Midstream, LLC)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of 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 amount of the Lenders’ Aggregate Commitments by an amount (for all such requests) not exceeding $500,000,000150,000,000; provided that any such request for an increase shall be in a minimum amount of $100,000,000 or10,000,000 and, if lessgreater than $10,000,000, in whole increments of $1,000,000 in excess thereof, unless the amount remaining available for all such increasesAdministrative Agent and the Borrower agree otherwise. 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).

Appears in 3 contracts

Samples: Credit Agreement (Ashford Hospitality Prime, Inc.), Credit Agreement (Ashford Hospitality Prime, Inc.), Credit Agreement (Ashford Hospitality Prime, Inc.)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of Default, upon notice to the Administrative Agent (which shall promptly notify the Revolving Lenders), the Borrower may from time to time, request an increase in the aggregate amount of the Lenders’ Commitments Revolving Facility by an amount (for all such requests) not exceeding $500,000,00040,000,000 (an “Incremental Facility”); provided that (i) any such request for an increase Incremental Facility shall be in a minimum amount of $100,000,000 or5,000,000, if less, and (ii) the amount remaining available for all Borrower may make a maximum of three (3) such increasesrequests. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Revolving Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Revolving Lenders).

Appears in 2 contracts

Samples: Credit Agreement (Evi Industries, Inc.), Credit Agreement (EnviroStar, Inc.)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of 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 amount of the Lenders’ Aggregate Commitments by an amount (for all such requests) not exceeding $500,000,000100,000,000; provided that (i) any such request for an increase shall be in a minimum amount of $100,000,000 or25,000,000 (unless the Administrative Agent agrees to a smaller amount), if less, and (ii) the amount remaining available for all Borrower may make a maximum of three such increasesrequests. 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).

Appears in 2 contracts

Samples: Credit Agreement (Aptargroup Inc), Credit Agreement (Aptargroup Inc)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Default or Event of 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 amount of the Lenders’ Aggregate Commitments by an amount (for all 75911819_12 such requests) not exceeding $500,000,000200,000,000; provided that (i) any such request for an increase shall be in a minimum amount of $100,000,000 or25,000,000, if less, and (ii) the amount remaining available for all Borrower may make a maximum of three such increasesrequests. 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).

Appears in 2 contracts

Samples: Credit Agreement (Ross Stores Inc), Credit Agreement (Ross Stores Inc)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of Default, upon notice to the Administrative Agent (which shall promptly notify the Revolving Credit Lenders), the Borrower Company may from time to time, time request an increase in the aggregate amount of the Lenders’ Aggregate Revolving Credit Commitments by an amount (for all such requests) not exceeding $500,000,000100,000,000; provided that any such request for an increase shall be in a minimum amount of $100,000,000 25,000,000 and in increments of $5,000,000 in excess thereof or, if less, the entire remaining unused amount remaining available for all such increasesof the increase option provided herein. At the time of sending such notice, the Borrower Company (in consultation with the Administrative Agent) shall specify the time period within which each Revolving Credit 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 Revolving Credit Lenders).

Appears in 2 contracts

Samples: Credit Agreement (Clarcor Inc.), Credit Agreement (Clarcor Inc.)

Request for Increase. Provided that immediately prior to no Default shall have occurred and after giving effect thereto there exists no Event of Defaultis then continuing, upon written notice to the Administrative Agent (which shall promptly notify the Revolving A Lenders), the Borrower may from time to time, request an increase in the aggregate amount Revolving A Credit Facility (or through establishment of the Lenders’ Commitments by new pari passu term loan tranches) to an amount (for all such requests) not exceeding $500,000,0001,250,000,000 in the aggregate after giving effect to such increase; provided that any such request for an increase shall be in a minimum amount of $100,000,000 or, if less, 25,000,000 (or such lesser amount as the amount remaining available for all such increasesBorrower and the Administrative Agent may agree). At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Revolving A 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 Revolving A Lenders).

Appears in 2 contracts

Samples: Credit Agreement (Paramount Group, Inc.), Credit Agreement (Paramount Group, Inc.)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of Default, upon 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 amount of the Lenders’ Aggregate Commitments (a “Commitment Increase”) by an amount (for all such requestsrequests that are consummated) not exceeding $500,000,000100,000,000; provided that (i) any such request for an increase shall be in a minimum amount of $100,000,000 or20,000,000, if less, and (ii) the amount remaining available for all Borrower may make a maximum of four such increasesrequests (disregarding any such requests that are not consummated). At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period (the “Consent 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).

Appears in 1 contract

Samples: Credit Agreement (EnLink Midstream, LLC)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of 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 amount Aggregate Commitments (which increase may take the form of the Lenders’ Commitments new revolving or term loan tranches) by an amount (for all such requests) not exceeding $500,000,000100,000,000; provided that (i) any such request for an increase shall be in a minimum amount of $100,000,000 or25,000,000, if less, and (ii) the amount remaining available for all Borrower may make a maximum of three such increasesrequests. 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).

Appears in 1 contract

Samples: Credit Agreement (Fresh Market, Inc.)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of Default, upon notice to the Administrative Agent (which shall promptly notify the Revolving Lenders), the Borrower may from time to time, request an increase in the Aggregate Revolving Commitments in accordance with this Section. The aggregate amount of the Lenders’ Commitments by an amount (for all such requests) increases shall not exceeding exceed $500,000,000; provided that (i) any such request for an increase shall be in a minimum amount of $100,000,000 or50,000,000, if less, and (ii) the amount remaining available for all Borrower may make a maximum of three such requests that result in increases. 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 five Business Days from the date of delivery of such notice to the Revolving Lenders).

Appears in 1 contract

Samples: Credit Agreement (International Game Technology)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Default or Event of DefaultDefault has occurred and is continuing, 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 amount of the Lenders’ Aggregate Commitments by an amount (for all such requests) not exceeding $500,000,000250,000,000; provided that (i) any such request for an increase shall be in a minimum amount increments of $100,000,000 or25,000,000, if less, and (ii) the amount remaining available for all Borrower may make a maximum of two such increasesrequests yearly. 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).

Appears in 1 contract

Samples: Altera Credit Agreement (Altera Corp)

Request for Increase. Provided that immediately prior to no Default shall have occurred and after giving effect thereto there exists no Event of Defaultis then continuing, upon written notice to the Administrative Agent (which shall promptly notify the Lenders), the Borrower may from time to time, request an increase in the aggregate amount of the Lenders’ Commitments by Facility Amount to an amount (for all such requests) not exceeding $500,000,000500,000,000 in the aggregate after giving effect to such increase; provided that (i) any such request for an increase shall be in a minimum amount of $100,000,000 or, if less, 25,000,000 (or such other amount as the amount remaining available for all Administrative Agent may agree in writing) and (ii) the Borrower may make a maximum of three such increasesrequests. 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).

Appears in 1 contract

Samples: Credit Agreement (TPG RE Finance Trust, Inc.)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of 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 amount Aggregate Commitments (which increase may take the form of additional Commitments, new revolving loan tranches, new term loan tranches or any combination of the Lenders’ Commitments by foregoing) to an amount (for all such requests) not exceeding $500,000,0001,050,000,000; provided that any such request for an increase shall be in a minimum amount of $100,000,000 or, if less, the 25,000,000 (or such lesser amount remaining available for all such increasesapproved by Administrative Agent in writing). 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).

Appears in 1 contract

Samples: Commitment Increase Agreement (Dream Finders Homes, Inc.)

Request for Increase. Provided that immediately prior to no Default shall have occurred and after giving effect thereto there exists no Event of Defaultbe continuing at such time or would result therefrom, upon notice to the Administrative Agent (which shall promptly notify the Term Lenders), the Borrower may from on a one-time to timebasis, request an increase in the Term Loans by an aggregate amount of the Lenders’ Commitments by an amount (for not exceeding, when taken together with all such requests) not exceeding Incremental Term Loans incurred pursuant to Section 2.14, $500,000,000200,000,000; provided that any such request for an increase shall be in a minimum amount of $100,000,000 or, if less, the amount remaining available for all such increases50,000,000. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Term Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to such Lenders by the LendersAdministrative Agent).

Appears in 1 contract

Samples: Credit Agreement (Cablevision Systems Corp /Ny)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of Default, upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Borrower may from time to time, time request an increase in the aggregate amount of Term Loan Commitments under the Lenders’ Commitments Term Loan Facility by an amount (for all such requests) not exceeding $500,000,00040,000,000, as of the Second Amendment Effective Date, $0; provided that (i) any such request for an increase shall be in a minimum amount of $100,000,000 or10,000,000, if less, the amount remaining available for all and (ii) Borrower may make a maximum of two such increasesrequests. 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).

Appears in 1 contract

Samples: Credit Agreement (Bgsf, Inc.)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of Default, upon Upon written notice to the Administrative Agent (which shall promptly notify the Lenders)Agent, the Borrower may from time to time, request an increase in the aggregate amount of the Lenders’ Aggregate Commitments by to an amount (for all such requests) not exceeding $500,000,000750,000,000 in the aggregate after giving effect to such increase; provided that any such request for an increase shall be in a minimum amount of $100,000,000 or, 25,000,000 or any lesser amount if less, such amount represents all remaining availability under the aggregate limit in respect of the increases set forth above (or such lesser amount remaining available for all such increasesas the Borrower and the Administrative Agent may agree). 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).

Appears in 1 contract

Samples: Credit Agreement (Kennedy-Wilson Holdings, Inc.)

Request for Increase. Provided that immediately prior Subject to and after giving effect thereto there exists no Event of DefaultSection 2.19(e) below, upon notice to the Administrative Agent (which who shall promptly notify the Lenders), the Borrower may from time to time, time request an that the Lenders (and other Eligible Assignees identified by the Borrower) increase in the aggregate amount of the Lenders’ Revolving Commitments by an amount (for all such requests) not exceeding $500,000,0001,084,000,000; provided that any such request for an increase shall be in a minimum amount of $100,000,000 or25,000,000, if less, the amount remaining available for all such increasesor a whole multiple of $5,000,000 in excess thereof. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Lender and Eligible Assignee is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to such Persons unless the LendersAdministrative Agent and the Borrower otherwise agree).

Appears in 1 contract

Samples: Credit Agreement (Cme Group Inc.)

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Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of Default, upon notice to the Administrative Agent (which shall promptly notify the Revolving Lenders), the Borrower Agent may from time to time, time request an increase in the aggregate amount of the Lenders’ Aggregate Commitments by an amount (for all such requests) not exceeding $500,000,000150,000,000 in the aggregate; provided that any such request for an increase shall be in a minimum amount of $100,000,000 25,000,000 or, if less, the entire unutilized amount remaining available for of the maximum amount of all such increasesrequests set forth above. At the time of sending such notice, the Borrower Agent (in consultation with the Administrative Agent) shall specify the time period within which each applicable Revolving Lender is requested to respond (which shall in no event be less than ten five Business Days from the date of delivery of such notice to the applicable Revolving Lenders).

Appears in 1 contract

Samples: Credit Agreement (Mueller Water Products, Inc.)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of Default, upon notice to the Administrative Agent (which shall promptly notify the Revolving Lenders), the Borrower may from time to time, request an increase in the aggregate amount of the Lenders’ Commitments Revolving Facility by an amount (for all such requests) not exceeding $500,000,000200,000,000 (an “Incremental Facility”); provided that (i) any such request for an increase Incremental Facility shall be in a minimum amount of $100,000,000 or25,000,000, if less, and (ii) the amount remaining available for all Borrower may make a maximum of three (3) such increasesrequests. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Revolving Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Revolving Lenders).

Appears in 1 contract

Samples: Credit Agreement (Usana Health Sciences Inc)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Default or Event of Default, upon notice to the Administrative Agent (which shall promptly notify the other Lenders), the Borrower may from Borrowers may, on a one-time to timebasis, request an increase in the aggregate amount of the Lenders’ Revolving Credit Commitments by an amount (for all such requests) not exceeding $500,000,00050,000,000 in the aggregate; provided that any such request for an increase shall be in a minimum amount of $100,000,000 or10,000,000 and, if lessin excess of $10,000,000, the shall be in an amount remaining available for all such increasesthat is an integral multiple of $10,000,000. At the time of sending such notice, the Borrower Borrowers (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).

Appears in 1 contract

Samples: Fourth Amendment Agreement (United Natural Foods Inc)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of Default, upon notice to the Administrative Agent (which shall promptly notify the Revolving Credit Lenders), the Borrower Agent may from time to time, request an increase in the aggregate amount of the Lenders’ Commitments Revolving Credit Facility by an amount (for all such requests) not exceeding $500,000,00020,000,000; provided that (i) any such request for an increase shall be in a minimum amount of $100,000,000 or5,000,000 (with $5,000,000 increments thereafter), if less, and (ii) the amount remaining available for all Borrower Agent may make a maximum of four such increasesrequests. At the time of sending such notice, the Borrower Agent (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).

Appears in 1 contract

Samples: Credit Agreement (ModusLink Global Solutions Inc)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of Default, upon Upon notice to the Administrative Agent (which shall promptly notify the Revolving Lenders), at any time prior to the Borrower Revolving Maturity Date, the Company may from time to time, request an increase in the aggregate amount of the Lenders’ Aggregate Revolving Commitments by an amount (for all such requests) not exceeding $500,000,000the Incremental Amount; provided that provided, that, unless otherwise agreed by the Administrative Agent in its sole discretion, any such request for an increase shall be in a minimum principal amount of $100,000,000 or, if less, the amount remaining available for all such increases10,000,000 and in $1,000,000 increments in excess thereof. At the time of sending such notice, the Borrower Company (in consultation with the Administrative Agent) shall specify the time period within which each Revolving Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Revolving Lenders), and the Company may also invite prospective lenders to respond.

Appears in 1 contract

Samples: Credit Agreement (Workday, Inc.)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of 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 amount of the Lenders’ Aggregate Commitments by an amount (for all such requests) not exceeding $500,000,00050,000,000; provided that (i) any such request for an increase shall be in a minimum amount of $100,000,000 or, if less, 5,000,000 and (ii) each Lender shall have the amount remaining available for all opportunity (but not the obligation) to increase its Commitment by its pro rata share of such increasesrequested increase amount. 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).

Appears in 1 contract

Samples: Credit Agreement (Analogic Corp)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of Default, upon Upon notice to the Administrative Agent (which shall promptly notify the Revolving Lenders), at any time prior to the Revolving Maturity Date, the Borrower may from time to time, request an increase in the aggregate amount of the Lenders’ Aggregate Revolving Commitments by an amount (for all such requests) not exceeding $500,000,000the Incremental Amount; provided that provided, that, unless otherwise agreed by the Administrative Agent in its sole discretion, any such request for an increase shall be in a minimum principal amount of $100,000,000 or, if less, the amount remaining available for all such increases10,000,000 and in $1,000,000 increments in excess thereof. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Revolving Lender is requested to respond (which shall in no event be less than ten 10 Business Days from the date of delivery of such notice to the Revolving Lenders)., and the Borrower may also invite prospective lenders to respond. (b)

Appears in 1 contract

Samples: Credit Agreement (Atlassian Corp)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of Default, upon Upon notice to the Administrative Agent (which shall promptly notify the Revolving Lenders), at any time prior to the Revolving Maturity Date, the Borrower may from time to time, request an increase in the aggregate amount of the Lenders’ Aggregate Revolving Commitments by an amount (for all such requests) not exceeding $500,000,000the Incremental Amount; provided that provided, that, unless otherwise agreed by the Administrative Agent in its sole discretion, any such request for an increase shall be in a minimum principal amount of $100,000,000 or, if less, the amount remaining available for all such increases10,000,000 and in $1,000,000 increments in excess thereof. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Revolving Lender is requested to respond (which shall in no event be less than ten 10 Business Days from the date of delivery of such notice to the Revolving Lenders)., and the Borrower may also invite prospective lenders to respond. 52

Appears in 1 contract

Samples: Credit Agreement (Atlassian Corp PLC)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of Default, upon notice to the Administrative Agent (which shall promptly notify the Lenders), the Administrative Agent and the Lenders agree that the Borrower may from time to time, request an increase in the aggregate amount of the Lenders’ Commitments by an amount (for all such requests) not exceeding $500,000,000250,000,000 in the aggregate; provided that (i) in no event shall the aggregate amount of the Commitments at any time exceed $600,000,000, and (ii) any such request for an increase shall be in a minimum amount of $100,000,000 or, if less, the amount remaining available for all such increases10,000,000. 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).

Appears in 1 contract

Samples: Credit Agreement (Sun Communities Inc)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of Default, upon Upon notice to the Administrative Agent (which shall promptly notify the Revolving Lenders), at any time prior to the Revolving Maturity Date, the Borrower may from time to time, request an increase in the aggregate amount of the Lenders’ Aggregate Revolving Commitments by an amount (for all such requests) not exceeding $500,000,000the Incremental Amount; provided that provided, that, unless otherwise agreed by the Administrative Agent in its sole discretion, any such request for an increase shall be in a minimum principal amount of $100,000,000 or, if less, the amount remaining available for all such increases10,000,000 and in $1,000,000 increments in excess thereof. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Revolving Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Revolving Lenders), and the Borrower may also invite prospective lenders to respond.

Appears in 1 contract

Samples: Credit Agreement (Ansys Inc)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of Default, upon notice to the Administrative Agent (which shall promptly notify the Revolving Lenders), the Borrower may from time to time, request an increase in the aggregate amount of the Lenders’ Commitments Revolving Facility by an amount (for all such requests) not exceeding $500,000,00025,000,000 (an “Incremental Facility”); provided that (i) any such request for an increase Incremental Facility shall be in a minimum amount of $100,000,000 or5,000,000, if less, and (ii) the amount remaining available for all Borrower may make a maximum of three (3) such increasesrequests. At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Revolving Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Revolving Lenders).

Appears in 1 contract

Samples: Credit Agreement (Powell Industries Inc)

Request for Increase. Provided that immediately prior to and after giving effect thereto there exists no Event of Default, upon notice to the Administrative Agent (which shall promptly notify the Revolving Lenders), the Borrower may from time to time, request an increase in the aggregate amount of the Lenders’ Commitments Revolving Facility by an amount (for all such requests) not exceeding $500,000,000100,000,000 (an “Incremental Facility”); provided that any such request for an increase Incremental Facility shall be in a minimum amount of $100,000,000 or, if less, 25,000,000 (or such lesser amount agreed to by the amount remaining available for all such increasesAdministrative Agent in its sole discretion). At the time of sending such notice, the Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Revolving Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Revolving Lenders).. (b)

Appears in 1 contract

Samples: Credit Agreement (Encore Wire Corp)

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