Examples of Increasing Revolving Lenders in a sentence
The sum of the increases in the Revolving Commitments of the Increasing Revolving Lenders plus the Revolving Commitments of the Additional Revolving Lenders upon giving effect to a Revolving Facility Increase shall not, in the aggregate, exceed the amount of such Revolving Facility Increase.
The Borrowers agree to pay a commitment increase closing fee to the Agent, in an amount equal to 0.30% of the aggregate increase in the total Commitments pursuant to this Amendment and the Modified Credit Agreement, to be allocated among the Increasing Revolving Lenders, the Increasing Tranche B Lenders and the Tranche C Lenders based on the aggregate increase in each such Lender’s total Commitments.
If the Revolving Facility is increased in accordance with this Section, the Administrative Agent and the Company shall determine (x) the effective date of any such increase (the “Revolving Facility Increase Effective Date”) and (y) the final allocation of such increase among the Increasing Revolving Lenders and Schedule 1.01(b) attached hereto shall be automatically updated to reflect the same.
If the Revolving Facility is increased in accordance with this Section, the Administrative Agent and the Borrower shall determine (x) the effective date of any such increase (the “Revolving Facility Increase Effective Date”) and (y) the final allocation of such increase among the Increasing Revolving Lenders and Schedule 1.01(b) attached hereto shall be automatically updated to reflect the same.
The commitments of the Increasing Revolving Lenders and the Additional Revolving Lenders are several and no such New Revolving Lender will be responsible for any other New Revolving Lender’s failure to make or acquire by refinancing Revolving Loans.
As used in this Agreement, "Required Restatement Lenders" means, at any time, (a) Lenders constituting the "Required Lenders" under, and as defined in, the Existing Credit Agreement at such time (such lenders, the "Consenting Lenders"), (b) the Increasing Revolving Lenders referred to below and (c) the Tranche F Lenders and the Additional Revolving Lenders referred to below.
If the Revolving Facility is increased in accordance with this Section, the Administrative Agent and the Company shall determine (A) the effective date of any such increase (the “Revolving Facility Increase Effective Date”) and (B) the final allocation of such increase among the Increasing Revolving Lenders and Schedule 1.01(b) attached hereto shall be automatically updated to reflect the same.
Subject to the terms and conditions of this Agreement, the Increasing Revolving Lenders are willing to provide the Revolving Credit Increase and the Administrative Agent, on behalf of the Lenders, hereby authorizes the execution of this Agreement on behalf of the Lenders.
Increasing Revolving Lenders Increased Existing Revolving Lender Commitments CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH $17,650,000 BARCLAYS BANK PLC $17,650,000 CITIBANK, N.A. $17,650,000 DEUTSCHE BANK AG NEW YORK BRANCH $17,650,000 NATIXIS, NEW YORK BRANCH $17,650,000 MUFG BANK, LTD.
Effective on the Amendment Effective Date, each of the Lenders identified on Schedule E hereto as an increasing Multi-Draw Term Loan Lender (collectively, the “Increasing Multi-Draw Term Loan Lenders” and, together with the Increasing Revolving Lenders, the “Increasing Lenders”) hereby consents to the increase in its respective Multi-Draw Term Loan Commitment Amount as described on Schedule E.