Common use of Revolving Commitment Increase Clause in Contracts

Revolving Commitment Increase. (a) Subject to the terms and conditions set forth herein, after the Closing Date, the Company shall have the right to request, by written notice to the Administrative Agent, an increase in the Revolving Commitments under the U.S. Subfacility or Canadian Subfacility (a “Revolving Commitment Increase”) in an aggregate amount not to exceed $500,000,000; provided that (i) any Revolving Commitment Increase shall be on the terms (including the Latest Maturity Date of any Class of Commitments under the applicable Subfacility) and pursuant to the documentation applicable to the applicable Subfacility, (ii) the Company shall only be permitted to request five Revolving Commitment Increases during the term of this Agreement and (b) any Revolving Commitment Increase shall be in a minimum amount of $25,000,000 or, if less than $25,000,000 is available, the amount left available.

Appears in 3 contracts

Samples: Fourth Amendment (Resolute Forest Products Inc.), Credit Agreement (Resolute Forest Products Inc.), Credit Agreement (Resolute Forest Products Inc.)

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Revolving Commitment Increase. (a) Subject to the terms and conditions set forth herein, after the Closing Date, the Company Lead Borrower shall have the right to request, by written notice to the Administrative Agent, an increase in the Revolving Commitments under the U.S. Subfacility or Canadian applicable Subfacility (a “Revolving Commitment Increase”) in an aggregate amount not to exceed $500,000,000450,000,000; provided that (i) any Revolving Commitment Increase for such Subfacility shall be on the terms (including the Latest Maturity Date of any Class of Commitments under the applicable such Subfacility) and pursuant to the documentation applicable to the applicable such Subfacility, (ii) the Company Lead Borrower shall only be permitted to request five (5) Revolving Commitment Increases during the term of this Agreement and (b) any Revolving Commitment Increase shall be in a minimum amount of $25,000,000 50,000,000 or, if less than $25,000,000 50,000,000 is available, the amount left available.

Appears in 1 contract

Samples: Credit Agreement (Ryerson Holding Corp)

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