Revolver Increase Sample Clauses

Revolver Increase. Subject to the terms and conditions set forth herein, the Borrower shall have the right, at any time and from time to time prior to the Revolver Maturity Date, to incur additional Indebtedness under this Credit Agreement in the form of an increase to the Revolving Committed Amount (each a “Revolver Increase”) by an aggregate amount of up to (a) ONE HUNDRED TWENTY-FIVE MILLION DOLLARS ($125,000,000) less (b) the sum of (i) the aggregate amount of any prior Incremental Term Facility established pursuant to Section 2.2(e) plus (ii) the aggregate amount of any prior Revolver Increases established pursuant to this Section 2.1(f). The following terms and conditions shall apply to each Revolver Increase: (i) the loans made under any such Revolver Increase (each an “Additional Revolving Loan”) shall constitute Credit Party Obligations and will be secured and guaranteed with the other Credit Party Obligations on a pari passu basis, (ii) the proceeds of any Additional Revolving Loan will be used for the purposes set forth in Section 3.11, (iii) the Borrower shall execute a Revolving Note in favor of any new Lender or any existing Lender requesting a Revolving Note whose Revolving Commitment is created or increased, (iv) the conditions to Extensions of Credit in Section 4.2 shall have been satisfied, (v) the Administrative Agent shall have received an opinion or opinions (including, if reasonably requested by the Administrative Agent, local counsel opinions) of counsel for the Credit Parties, addressed to the Administrative Agent and the Lenders, in form and substance acceptable to the Administrative Agent, (vi) any such Revolver Increase shall be in a minimum principal amount of $15,000,000 or, if less, the maximum remaining amount permitted pursuant to this Section 2.1(f), (vii) if the interest rate margin on any Revolver Increase would be more than the Applicable Percentage for the existing Revolving Loans, the Applicable Percentage on the existing Revolving Loans shall be increased such that the Applicable Percentage on the existing Revolving Loans is equal to the interest rate margin on such Revolver Increase, and (viii) the Administrative Agent shall have received from the Borrower updated financial projections for the remainder of the projection term set forth in Section 3.1(e) and an officer’s certificate, in each case in form and substance reasonably satisfactory to the Administrative Agent, demonstrating that, after giving effect to any such Revolver Increa...
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Revolver Increase. (A) Upon satisfaction of the conditions precedent set forth in the definition of Revolver Increase and effective as of the date specified in writing by the Administrative Agent, the Revolving Loan Commitment Amount may be increased in the aggregate by the lesser of (1) $15,000,000 and (2) the Maximum Incremental Amount. The Administrative Agent shall select and reasonably approve one or more Lenders (including any Person not previously a Lender hereunder who executes and delivers a joinder agreement executed by the Borrower, the Administrative Agent and such Lender, in form and substance reasonably acceptable to each of them) to participate in any Revolver Increase. Lenders shall have no obligation and no right to participate in any Revolver Increase.
Revolver Increase. (a) Provided that no Event of Default has occurred and is continuing, the Borrower shall have the right at any time through that date that is the first anniversary of the date of this Agreement, on not more than three (3) occasions, and upon not less than Five (5) Business Days prior written notice to the Lender, to elect to increase the Maximum Revolver Amount by up to $10,000,000.00 in the aggregate, in minimum increments of $2,500,000.00 (each a “Revolver Increase”) from the amount in effect on the date of this Agreement ($25,000,000.00) to an amount of up to $35,000,000.00. Upon any Revolver Increase, the Maximum Revolver Amount shall be increased to the elected amount and shall thereafter be deemed the then existing Maximum Revolver Amount for all purposes under this Agreement.
Revolver Increase. The Administrative Agent shall have received an officer’s certificate signed by an authorized officer of the Partnership attaching updated financial projections demonstrating that, after giving effect to the Revolver Increase on the Amendment Effective Date and any borrowings thereunder on the Amendment Effective Date for such Revolver Increase on a Pro Forma Basis, the Borrowers will be in compliance with the financial covenants set forth in Section 5.9 of the Credit Agreement.
Revolver Increase. With effect on and after the Effective Date (as defined in Section 3 hereof), (i) Congress Financial shall be a party to the Credit Agreement and succeed to all of the rights and be obligated to perform all of the obligations of a Revolving Lender under the Credit Agreement, including the requirements concerning confidentiality and the payment of indemnification, with a Revolving Credit Commitment in an amount equal to $20,000,000, (ii) Congress Financial shall have acquired a participation in its Pro Rata Share of the Lenders’ liabilities under Letters of Credit and Credit Support, which as of the date hereof is in an aggregate pricipal amount of $497,968.91 and (iii) the revolving line of credit under the Credit Agreement shall be increased from $100,000,000 to $120,000,000 (the “Revolver Increase”). Congress Financial agrees (i) to be bound by the terms and conditions set forth in the Credit Agreement as if it were an original signatory thereto and (ii) to perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a Revolving Lender.
Revolver Increase. See (S)2.1.2.
Revolver Increase. Pursuant to Section 2.20 of the Credit Agreement, the Borrower and the Revolving Lenders agree to effect a Revolver Increase to $130,000,000.
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Revolver Increase. (a) Revolver Commitment Increase.
Revolver Increase. Subject to the satisfaction of the conditions to the Agreement Effective Date set forth in Section 5 hereof, the parties hereto, pursuant to the terms of Section 2.4(g) of the Credit Agreement, hereby agree as follows:
Revolver Increase. Borrower has requested an Increase in the amount of $10,000,000 in accordance with Section 2.14 of the Credit Agreement. In connection with the request for such Increase, HSBC, in its capacity as a Lender, has agreed to increase the amount of its Revolver Commitment by $9,000,000 and The PrivateBank and Trust Company, in its capacity as a Lender, has agreed to increase the amount of its Revolver Commitment by $1,000,000. Agent has reasonably determined that this Agreement shall constitute an “Increase Joinder” pursuant to the terms of Section 2.14(b) of the Credit Agreement and that each of the other conditions set forth in Section 2.14 of the Credit Agreement with respect to the requested Increase will have been satisfied upon this Agreement’s becoming effective. Accordingly, the requested Increase will become effective upon the satisfaction of each of the conditions to effectiveness set forth in Section 4 of this Agreement.
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