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:
Appears in 1 contract
Sources: Senior Secured Revolving Credit Agreement (BlackRock TCP Capital Corp.)
Requests for Increase by Borrower. The Borrower may, at any time prior to the Revolver Termination Datetime, and subject to the conditions set forth below in this clause (i), propose request that the Commitments hereunder of a Class be increased (each such proposed increase being a “Commitment Increase”) by ), upon notice to the Administrative Agent specifying (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 expected to be effective (the date of actual effectiveness, the “Commitment Increase Date”), which date shall be a Business Day at least three (3) Business Days (or such lesser shorter period as the Administrative Agent may reasonably agree) after delivery of such notice and at least thirty (30) 30 days prior to the Revolver Commitment Termination Date; provided that each Lender may determine in its sole discretion whether or not it chooses to participate in a that:
(A) the minimum amount of the Commitment Increase; provided further thatof any Assuming Lender, subject to and the foregoingminimum amount of the increase of the Commitment of any Increasing Lender, each as part of such Commitment Increase shall become effective only upon satisfaction be $10,000,000 or a larger multiple of each of $5,000,000 in excess thereof (or such lesser amount as the following conditions:Administrative Agent may reasonably agree);
Appears in 1 contract
Sources: Senior Secured Revolving Credit Agreement (Sixth Street Lending Partners)
Requests for Increase by Borrower. The Borrower mayshall have the right, at any time after the Restatement Effective Date but 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 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 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:
Appears in 1 contract
Sources: Senior Secured Revolving Credit Agreement (Barings Capital Investment Corp)
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 Borrower and the Administrative Agent may reasonably agree) after delivery of such notice and at least thirty (30) 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 provided, further that, subject to : (A) the foregoing, each Commitment Increase shall become effective only upon satisfaction of each minimum amount of the following conditions:Commitment (in the aggregate for all relevant Classes) of any Assuming Lender, and the minimum amount of the
Appears in 1 contract
Sources: Senior Secured Revolving Credit Agreement (Monroe Capital Income Plus Corp)
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 provided, further that, subject to the foregoing, each Commitment Increase shall become effective only upon satisfaction of each of the following conditions:
Appears in 1 contract
Sources: Senior Secured Revolving Credit Agreement (Capital Southwest Corp)