Requests for Increase by Borrower Sample Clauses
The "Requests for Increase by Borrower" clause defines the process by which a borrower can formally request an increase in the amount of credit or loan available under an existing agreement. Typically, this clause outlines the conditions that must be met for such a request, such as providing written notice to the lender, specifying the desired increase, and sometimes obtaining consent from all relevant parties. It may also set limits on the frequency or amount of increases and detail any documentation or approvals required. The core function of this clause is to provide a clear, structured mechanism for borrowers to seek additional funding, while ensuring that lenders retain control over the approval process and associated risks.
Requests for Increase by Borrower. The Borrower may, at any time, request that the Commitments hereunder of a Class be increased (each such proposed increase being a “Commitment Increase”), upon notice to the Administrative Agent (who shall promptly notify the Lenders), which notice shall specify 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 shorter period as the Administrative Agent may reasonably agree) after delivery of such notice and 30 days prior to the Commitment Termination Date; provided that:
(A) the minimum amount of the Commitment of any Assuming Lender, and the minimum amount of the increase of the Commitment of any Increasing Lender, as part of such Commitment Increase shall be $10,000,000 or a larger multiple of $5,000,000 in excess thereof or such lesser amount as the Administrative Agent may reasonably agree;
(B) immediately after giving effect to such Commitment Increase, the total Commitments of all of the Lenders hereunder shall not exceed $1,000,000,000;
(C) each Assuming Lender shall be consented to by the Administrative Agent and the Issuing Bank (such consent not to be unreasonably withheld);
(D) no Default shall have occurred and be continuing on such Commitment Increase Date or shall result from the proposed Commitment Increase; and
(E) the representations and warranties contained in this Agreement shall be true and correct in all material respects (or, in the case of any portion of the representations and warranties already subject to a materiality qualifier, true and correct in all respects) on and as of the Commitment Increase Date as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date).
Requests for Increase by Borrower. The Borrower may, at any time, propose that the Commitments hereunder 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, in its sole discretion, 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 (3) Business Days after delivery of such notice and ninety (90) days prior to the Commitment Termination Date; provided that:
(i) the minimum amount of the Commitment of any Assuming Lender, and the minimum amount of the increase of the Commitment of any Increasing Lender, as part of such Commitment Increase, shall be $10,000,000 or a larger multiple of $5,000,000 in excess thereof;
(ii) immediately after giving effect to such Commitment Increase, the total Commitments of all of the Lenders hereunder shall not exceed ONE BILLION EIGHT HUNDRED FIFTEEN MILLION DOLLARS ($1,815,000,000);
(iii) each Assuming Lender shall be consented to by the Administrative Agent;
(iv) the conditions set forth in Section 4.2 shall be satisfied;
(v) the Borrower shall pay to WCM, for the benefit of the Lenders, such fees as may be agreed to by the parties; and
(vi) the Borrower shall execute such Notes as are necessary to reflect the increase in the Commitments.
Requests for Increase by Borrower. The Borrower may, at any time prior to the Revolver Termination Date, and subject to the conditions set forth below in this clause (i), 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 date shall be a Business Day at least three (3) Business Days (or such lesser period as the Administrative Agent may reasonably agree) after delivery of such notice and at least thirty (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, subject to the foregoing, each Commitment Increase shall become effective only upon satisfaction of each of the following conditions:
Requests for Increase by Borrower. The Borrower may, at any time, request that the Commitments hereunder of a Class be increased (each such proposed increase being a “Commitment Increase”) upon notice to the Administrative Agent (who shall promptly notify the Lenders), which notice shall specify each existing Lender (each an “Increasing Lender”) and/or each additional
Requests for Increase by Borrower. The Borrower may, at any time prior to the Revolver Termination Date, propose that the Commitments hereunder 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 (3) Business Days after delivery of such notice and thirty (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:
Requests for Increase by Borrower. The Borrower may, at any time prior to the Extended Revolver Termination Date, propose that the Commitments hereunder be increased (each such proposed increase being a “Commitment Increase”) by notice (the “Commitment Increase 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 date shall be a Business Day at least three Business Days
Requests for Increase by Borrower. The Borrower may, at any time, request that the Commitments hereunder of a Class be increased (each such proposed increase being a “Commitment Increase”), upon notice to the Administrative Agent (who shall promptly notify the Lenders), which notice 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 (or such lesser period as the Administrative Agent may reasonably agree)). Any Lender not responding within such time period shall be deemed to have declined to increase its Commitment. The Borrower shall provide notice to the Administrative Agent specifying each existing Lender (each an “Increasing Lender”) and/or each additional
Requests for Increase by Borrower. The Borrower may, at any time prior to the Extended Revolver Termination Date, propose that the Commitments hereunder be increased (each such proposed increase being a “Commitment Increase”) by notice (the “Commitment
Requests for Increase by Borrower. The Borrower may, at any time (but in no event more frequently that once during any three month period), propose that the aggregate amount of the Commitments hereunder 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 will be providing an additional Commitment and the date on which such increase is to be effective (the "COMMITMENT INCREASE DATE"), which shall be a Business Credit Agreement ----------------
Requests for Increase by Borrower. The Borrower may, at any time, propose that additional Loans be made hereunder (such proposed increase being the “2026 Loan Increase”) by notice to the Administrative Agent specifying the date on which such increase is to be effective (the “2026 Loan 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 prior to January 12, 2026; provided that:
(A) the amount of the Loans to be made by each Lender as part of the 2026 Term Loan Increase shall not exceed the amount specified as the “2026 Loan Increase Amount” opposite such L▇▇▇▇▇’s name on Schedule 1.01(b);