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.
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 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.
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.
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.
The commitments of the Increasing Revolving Lenders and the Additional Revolving Lenders and the refinancing undertakings of the Converting Revolving Lenders are several and not joint and no such New Revolving Lender will be responsible for any other New Revolving Lender’s failure to provide New Revolving Commitments or make or acquire by refinancing any New Revolving Loans or any other New Revolving Facility Exposure.
This Agreement and the commitments and agreements of the Increasing Revolving Lenders set forth herein shall become effective upon execution and delivery by all the parties hereto, and upon such execution and delivery, this Agreement shall be a binding agreement among the Increasing Revolving Lenders and you.
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.
Borrower, the Administrative Agent, the Required Lenders and each Lender, or in lieu of one or more Lenders, one or more Increasing Revolving Lenders providing New Revolving Commitments in an amount sufficient to replace the Revolving Commitments of any Exiting Revolving Lenders shall have duly executed and delivered to Administrative Agent this Amendment.
The Borrower, the banks and other financial institutions party thereto (the “Initial Lenders” and, together with the Increasing Revolving Lenders, the “Lenders”) and the Administrative Agent are parties to the Amended and Restated Credit Agreement dated as of July 25, 2007 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”).