Examples of Increased Revolving Commitments in a sentence
For the avoidance of doubt, no existing Lender shall have any obligation to provide any portion of any Increased Revolving Commitments, Increased Term Loan Commitments or Incremental Term Facility.
Notwithstanding the foregoing, (i) without the consent of the Required Lenders, the aggregate amount of Incremental Loans obtained after the Closing Date pursuant to this paragraph, together with the aggregate amount of any Increased Revolving Commitments and any First Lien Incremental Term Loans, shall not exceed $25,000,000 and (ii) without the consent of the Administrative Agent, each increase effected pursuant to this paragraph shall be in a minimum amount of at least $5,000,000.
The Administrative Agent and the Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of any Increased Revolving Commitments, Increased Term Loan Commitments or Incremental Term Facility.
At the time of and immediately after giving effect to this Amendment and the availability of the May 2022 Increased Revolving Commitments, no Default or Event of Default shall have occurred and be continuing.
The Increased Revolving Commitments will be made available by the Lenders listed on Schedule I hereto (the "Additional Revolving Credit Lenders") in the respective amounts set forth opposite such Lenders' names on Schedule I hereto.
Upon execution and delivery hereof, the Administrative Agent will record the [Increased Term Loan Commitment[s]] [Increased Revolving Commitment[s] of each Increased Lender in the Register.
The effective date for the [Increased Term Loan Commitment[s]] [Increased Revolving Commitment[s]] shall be (the “Increased Amount Date”).
The Increased Revolving Commitments and Increased Revolving Loans shall be subject to the provisions of the Amended Credit Agreement and the other Loan Documents and shall be on terms and conditions identical to the Initial Revolving Credit Facility and the Revolving Loans incurred pursuant to the Initial Revolving Credit Facility, respectively, in each case, as such terms and conditions are amended by this Second Amendment.
The terms of the 2023 Increased Revolving Commitments shall be identical to the existing Revolving Commitments under the Initial Revolving Credit Facility under the Amended Credit Agreement.
The Administrative Agent and the applicable Borrower shall determine the effective date (the “Increase Effective Date”) and the final allocation of any Increased Revolving Commitments, Increased Term Loan Commitments or Incremental Term Facility.