Common use of Request for Incremental Facility Clause in Contracts

Request for Incremental Facility. The Borrower may, by notice to the Agent (who shall promptly notify the Lenders), request the establishment of one or more new term loan commitments (each, an “Incremental Commitment”) in the form of an increase to the Initial Facility up to an aggregate amount (for all such requests) that, when combined with the amount of the Initial Facility, shall not exceed $275,000,000; provided that (i) any such request for an Incremental Facility shall be in a minimum amount of the lesser of (x) $10,000,000 and (y) the entire remaining amount available under this Section and (ii) the Borrower shall make no more than a total of three (3) requests for an Incremental Facility under this Section 2.17.

Appears in 2 contracts

Sources: Credit Agreement (Ascend Wellness Holdings, Inc), Credit Agreement

Request for Incremental Facility. The Borrower may, by Upon notice (an “Incremental Facility Request”) to the Administrative Agent (who shall promptly notify the existing Lenders), the Borrower may, without the consent of any Lender, request the establishment of to add one or more new incremental term loan commitments facilities (each, each an “Incremental CommitmentFacility”) in the form of an increase aggregate principal amount, which when added to the Initial Facility up to an aggregate amount (for all such requests) that, when combined with the principal amount of the Initial Facility, shall all other Incremental Facilities outstanding does not exceed $275,000,000the Incremental Debt Cap; provided that (i) any such request for an Incremental Facility shall be in a minimum amount of equal to the lesser of (x) $10,000,000 25,000,000 and (y) the entire remaining amount that remains available for request under this Section 2.11 and (ii) the Borrower shall may make no more than a total maximum of three (3) requests for an Incremental Facility under this Section 2.17five such requests.

Appears in 2 contracts

Sources: Credit Agreement (Contura Energy, Inc.), Credit Agreement (Contura Energy, Inc.)

Request for Incremental Facility. The Borrower may, by notice to the Administrative Agent (who shall promptly notify the Lenders), request the establishment of one or more new term loan commitments (each, an “Incremental Commitment”) in the form of pursuant to an increase to the Initial Incremental Facility up to for an aggregate amount (for all such requests) thatnot exceeding $600,000,000 (the Loans made pursuant to Incremental Commitments, when combined with the amount of the Initial Facility, shall not exceed $275,000,000“Incremental Loans”); provided that (i) any such request for an Incremental Facility shall be in a minimum amount of the lesser of (x) $10,000,000 100,000,000 (or such lesser amount as may be approved by the Administrative Agent) and (y) the entire remaining amount available under this Section and (ii) the Borrower shall make no more than a total of three (3) requests for an Incremental Facility under this Section 2.17Section.

Appears in 1 contract

Sources: 364 Day Term Loan Agreement (Becton Dickinson & Co)

Request for Incremental Facility. The Borrower may, by Upon notice (an “Incremental Facility Request”) to the Administrative Agent (who shall promptly notify the existing Lenders), the Borrowers may, without the consent of any Lender, request the establishment of to add one or more new incremental term loan commitments facilities (each, each an “Incremental CommitmentFacility”) in the form of an increase aggregate principal amount, which when added to the Initial Facility up to an aggregate amount (for all such requests) that, when combined with the principal amount of the Initial Facility, shall all other Incremental Facilities outstanding does not exceed $275,000,000the Incremental Debt Cap; provided that (i) any such request for an Incremental Facility shall be in a minimum amount of equal to the lesser of (x) $10,000,000 25,000,000 and (y) the entire remaining amount that remains available for request under this Section 2.11 and (ii) the Borrower shall Borrowers may make no more than a total maximum of three five (35) requests for an Incremental Facility under this Section 2.17such requests.

Appears in 1 contract

Sources: Credit Agreement (Contura Energy, Inc.)

Request for Incremental Facility. The Borrower may, by Upon notice (an “Incremental Facility Request”) to the Administrative Agent (who shall promptly notify the existing Lenders), the Borrower may, without the consent of any Lender, request the establishment of to add one or more new incremental term loan commitments facilities (each, each an “Incremental CommitmentFacility”) in the form of an increase aggregate principal amount, which when added to the Initial Facility up to an aggregate amount (for all such requests) that, when combined with the principal amount of the Initial Facility, shall all other Incremental Facilities outstanding does not exceed $275,000,000the Incremental Debt Cap; provided that (i) any such request for an Incremental Facility shall be in a minimum amount of equal to the lesser of (x) $10,000,000 25,000,000 and (y) the entire remaining amount that remains available for request under this Section 2.11 and (ii) the Borrower shall may make no more than a total maximum of three two (32) requests for an Incremental Facility under this Section 2.17such requests.

Appears in 1 contract

Sources: Credit Agreement (Contura Energy, Inc.)