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Aggregate Commitments
Aggregate Commitments contract clause examples

Incremental Commitments. Each Lender by its execution of this Amendment, hereby acknowledges, agrees and confirms its Commitment in the aggregate principal amount for such Lender as set forth on [Schedule 1.1(b)] attached hereto (which includes the Incremental Commitments for such Lender) and its obligation to make its portion of the Revolving Credit Loans to the Borrower from time to time in accordance with the provisions of the Credit Agreement. Each of the parties hereto acknowledges and agrees that, after giving effect to this Amendment, the total aggregate principal amount for all additional Incremental Commitments permitted to be established pursuant to [Section 4.13] of the Credit Agreement shall not (as of any date of incurrence thereof) exceed $30,000,000.

Incremental Commitments. Each Lender by its execution of this Amendment, hereby acknowledges, agrees and confirms its Commitment in the aggregate principal amount for such Lender as set forth on [Schedule 1.1(b)] attached hereto (which includes the Incremental Commitments for such Lender) and its obligation to make its portion of the Revolving Credit Loans to the Borrower from time to time in accordance with the provisions of the Credit Agreement. Each of the parties hereto acknowledges and agrees that, after giving effect to this Amendment, no additional Incremental Commitments shall be permitted to be established pursuant to [Section 4.13] of the Credit Agreement.

Revolving Commitment Increase; Amendment to Credit Agreement. Subject to the terms and conditions contained herein, the Revolving Commitment Increase Lender has agreed to Revolving Credit Commitments in an aggregate amount of $25,000,000. This Amendment shall serve as an “Incremental Amendment” referred to in [Section 2.15] of the Credit Agreement. In accordance with [Section 2.15] of the Credit Agreement, [Schedule I] to the Credit Agreement (Revolving Credit Commitments) shall be amended by deleting such schedule and replacing it with the corresponding schedule set forth on Annex I attached hereto.

Commitment Reduction. Each Lender by its execution of this Amendment, hereby acknowledges, agrees and confirms its Commitment in the aggregate principal amount for such Lender as set forth on [Schedule 1.1(b)] attached hereto and its obligation to make its portion of the Revolving Credit CHAR1\1754889v8

(i)the aggregate principal amount of all such Incremental Commitments made from time to time pursuant to this Section shall not result in the aggregate Revolving Commitments hereunder exceeding $150,000,000.00 (the principal amount of each such Incremental Commitment, the “Incremental Commitment Amount”); provided, that the parties hereto acknowledge and agree that, pursuant to the terms of the June 2019 Letter Agreement, the Revolving Commitments have been, effective as of June 28, 2019, previously increased through the effectiveness of Incremental Commitments from the initial $75,000,000.00 provided by the Lenders as of the Closing Date to $125,000,000.00 and that, effective as of and following June 28, 2019, the remaining potential increase in the Revolving Commitments available pursuant to this [Section 2.23] is $25,000,000.00;

Pursuant to [Section 2.23] of the Credit Agreement, each Incremental Lender hereby establishes in favor of the Borrower the Second Amendment Incremental Commitment on the date hereof in a principal amount equal to the amount set forth with respect to such Incremental Lender on Exhibit A hereto under the heading “Second Amendment Incremental Commitment Amount”, pursuant to which each Incremental Lender severally agrees (to the extent of such Incremental Lender’s Second Amendment Incremental Commitment) to make Revolving Loans to the Borrower, and to acquire participations in

Revolving Credit Loans. Each Lender by executing and delivering this Amendment, agrees in connection therewith to provide a Revolving Credit Commitment as amended hereby and hereby # agrees to the terms of this Amendment, # agrees to all provisions of the Amended Credit Agreement and to be a party to the Amended Credit Agreement as a Lender and # commits to provide Revolving Credit Commitments to the Borrower on the Second Amendment Closing Date in such amount as set forth on [Schedule 1.1(B)] to the Amended Credit Agreement. The aggregate amount of the Revolving Credit Commitments on the Second Amendment Closing Date shall be $600,000,000.00.

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