Increase in Revolving Credit Commitments Sample Clauses

Increase in Revolving Credit Commitments. (i) Provided there exists no Default or Event of Default and subject to the conditions set forth under clause (v) below, upon notice to the Administrative Agent (which shall promptly notify the Lenders), Borrower may from time to time request an increase in the Revolving Credit Commitments; provided, that (A) the Aggregate Revolving Credit Commitments shall not at any time exceed the lesser of (1) the Aggregate Maximum Revolving Credit Amounts after adjustments resulting from reductions thereof pursuant to Section 2.03(d) and (2) the then effective Borrowing Base, and (B) such increase of the Revolving Credit Commitments shall be in a minimum amount of $5,000,000, or integral multiples of $1,000,000 in excess thereof. At the time of sending such notice, Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Lenders). (ii) Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Credit Commitment and, if so, whether by an amount equal to, greater than, or less than its Percentage Share of such requested increase. Any Lender not responding within such time period shall be deemed to have declined to increase its Revolving Credit Commitment. (iii) The Administrative Agent shall notify Borrower of the Lenders’ responses to the request made hereunder. To achieve the full amount of a requested increase and subject to the approval of the Administrative Agent and the Issuing Bank (which approvals shall not be unreasonably withheld), Borrower may also invite additional Persons to become Lenders pursuant to a joinder agreement in form and substance satisfactory to the Administrative Agent and its counsel. (iv) If the Aggregate Revolving Credit Commitments are increased in accordance with this Section, the Administrative Agent and Borrower shall determine the effective date (such date, the “Increase Effective Date”) and the final allocation of such increase. The Administrative Agent shall promptly (i) notify Borrower of the final allocation of such increase in the Revolving Credit Commitment and the Increase Effective Date, and (ii) notify each Lender of its Revolving Credit Commitment as of the Increase Effective Date. (v) As a condition precedent to such increase, Borrower shall deliver to the Administrative Agen...

Increase in Revolving Credit Commitments. The Revolving Credit commitments may be increased as set forth in Section 3.1 [Incremental Commitments].

Increase in Revolving Credit Commitments. The definition of "Revolving Credit Commitment" in Section 1.01 of the Credit Agreement shall be amended in its entirety to read as follows:

Increase in Revolving Credit Commitments. Each Increasing Bank shall have consented to its increased Revolving Credit Commitment as set forth on amended and restated Schedule 1.1

Increase in Revolving Credit Commitments. Borrower hereby requests that the current Lenders increase their Revolving Credit Commitments collectively by an amount equal to $35,000,000 to an aggregate amount of $400,000,000 in accordance with Section 2.11 of the Credit Agreement, and each Lender hereby agrees, on the Effective Date, to increase its respective Revolving Credit Commitment to the corresponding amount set forth on Schedule 1.1(C) attached to this Amendment. Schedule 1.1(C) attached hereto amends and restates in its entirety Schedule 1.1(C) attached to the Credit Agreement. The Administrative Agent hereby agrees that the foregoing is an acceptable acknowledgement of each Increasing Lender as required under Section 2.11.1.9 of the Credit Agreement and waives the five (5) day requirement thereunder.

Increase in Revolving Credit Commitments. (a) The U.S. Borrower may, by written notice to the Administrative Agent from time to time, request that the Revolving Credit Commitments of one or more Classes be increased by an aggregate amount not to exceed the Incremental Amount at such time. Upon the approval of such request by the Administrative Agent (which approval shall not be unreasonably withheld), the Administrative Agent shall deliver a copy thereof to each Revolving Credit Lender. Such notice shall set forth the amount of the requested increase in the total Revolving Credit Commitments, and the allocation thereof among the Classes (which shall be in minimum increments of $5,000,000 and a minimum amount of $10,000,000 or equal to the remaining Incremental Amount) and the date on which such increase is requested to become effective (which shall be not less than 10 Business Days nor more than 60 days after the date of such notice and which, in any event, must be on or prior to the Revolving Credit Maturity Date), and shall offer each Revolving Credit Lender with a Commitment of the affected Class the opportunity to increase its Revolving Credit Commitment of such Class by its Pro Rata Percentage of the proposed increased amount. Each Revolving Credit Lender shall, by notice to the U.S. Borrower and the Administrative Agent given not more than 10 days after the date of the Administrative Agent’s notice, either agree to increase its Revolving Credit Commitment of such Class by all or a portion of the offered amount (each Revolving Credit Lender so agreeing being an “Increasing Revolving Lender”) or decline to

Increase in Revolving Credit Commitments. Pursuant to Section 2.10 of the Credit Agreement, Borrowers hereby request, and the current Lenders have agreed, to increase the Revolving Credit Commitments in an aggregate amount equal to $250,000,000. In furtherance thereof, on the Effective Date, (x) Schedule 1.1(B) to the Credit Agreement is amended and restated in its entirety to be as set forth on Schedule 1.1(B) attached hereto, and the Revolving Credit Commitment of each Lender is as set forth therein, and (y) the aggregate Revolving Credit Commitments of all Lenders shall equal $1,000,000,000.

Increase in Revolving Credit Commitments. The increase in the Revolving Credit Commitments made pursuant to this Section shall be $150,000,000 in the aggregate. (d) Continuation of or Change in Business; Parent Holding Company Status. Section 8.2.10 [Continuation of or Change in Business; Parent Holding Company Status] is hereby amended and restated to read as follows:

Increase in Revolving Credit Commitments. From time to time during the period from the Effective Date until the date that is forty (40) days after the Effective Date, additional Persons may become parties hereto as Lenders by executing and delivering an Assumption Agreement to the Administrative Agent which indicates the amount of Revolving Credit Commitment of such Lender; provided that in no event shall the aggregate Revolving Credit Commitments exceed $500,000,000. At the time an Assumption Agreement is accepted by the Administrative Agent, (a) the new Lender party to such Assumption Agreement shall fund its pro rata share of the aggregate outstanding Revolving Credit Advances, (b) each existing Lender's share of the outstanding Revolving Credit Advances shall be proportionately reduced by the amount funded by such new Lender and (c) any such reduction of the Revolving Credit Advances of the existing Lenders on any day other than on the last day of an Interest Period shall be accompanied by a payment by the Borrower of all amounts, if any, required pursuant to Section 8.04(c).

Increase in Revolving Credit Commitments. The Revolving Credit Commitments are hereby increased from Twenty-Five Million ($25,000,000) to Fifty Million ($50,000,000). In furtherance thereof, effective as of the Effective Date (a) the definition of the term “Revolving Credit Commitments” contained in Section 1.1 of the Credit Agreement is hereby amended by adding at the end thereto a new sentence which shall read as follows: “From and after the effective date of the First Amendment to this Agreement, the aggregate amount of the Revolving Credit Commitments shall be $50,000,000” and (b) Schedule I to the Credit Agreement is amended and restated to read as set forth on Exhibit A hereto.