Common use of Request for Incremental Facility Clause in Contracts

Request for Incremental Facility. The Borrower may, at any time and from time to time upon prior written notice to the Agent, (i) add one or more tranches of term loans (any such term loan being referred to as an “Incremental Term Loan” and any such tranche of term loan being referred to as an “Incremental Term Facility”) and/or (ii) increase the Revolving Credit Commitment (each a “Commitment Increase” and, together with any Incremental Term Facility, each an “Incremental Facility”), to be effective as of, with respect to a Commitment Increase, a date that is at least 90 days prior to the latest Termination Date and with respect to an Incremental Term Facility, a date that is prior to the latest Termination Date (each, an “Increase Date”), as specified in the related notice to the Agent; provided, however, that in no event shall the aggregate amount of Incremental Term Facilities and Commitment Increases at any time exceed $500,000,000.

Appears in 3 contracts

Sources: Credit Agreement (Hexcel Corp /De/), Credit Agreement (Hexcel Corp /De/), Credit Agreement (Hexcel Corp /De/)