Example ContractsClausesIncreasing Lender
Increasing Lender
Increasing Lender contract clause examples

The Borrower may, at any time during the Availability Period, request that the Lender increase its Revolving Credit Commitment up to $25,000,000.00 (or such greater amount as agreed with Lender), subject to the following terms and conditions:

Increasing Lenders. The Administrative Agent shall have received from each Increasing Lender the amounts required to be paid by such Increasing Lenders pursuant to Section 3 of this Agreement.

Increasing Lenders. Each Increasing Lender shall confirm its agreement to increase its Revolving Credit Commitment and/or Term Loan Commitment pursuant to an acknowledgement in a form acceptable to the Administrative Agent, signed by it and the Borrower and delivered to the Administrative Agent at least five (5) days before the effective date of such increase.

Increasing Lenders. Each Increasing Lender shall confirm its agreement to increase its Commitments pursuant to an acknowledgement in a form acceptable to the Administrative Agent and delivered to the Administrative Agent at least five (5) days before the effective date of such increase.

Increasing Lenders. Each Increasing Lender shall confirm its agreement to increase its Commitments pursuant to an acknowledgement in a form acceptable to the Administrative Agent, signed by it and the Borrower and delivered to the Administrative Agent at least five (5) days before the effective date of such increase.

Section # Revolving Commitment Increase. Immediately following the effectiveness of the amendments set forth in Section 1 above and in reliance on the truth and accuracy of the representations set forth in Section 4 below: # the Borrower and each Lender increasing its Revolving Commitment on the date hereof (each an “Increasing Lender”) acknowledges and agrees that the amount of such Increasing Lender’s Revolving Commitment shall be increased to the amount set forth for such Increasing Lender on [Schedule I] as such Increasing Lender’s “Revolving Commitment Amount” and # each Increasing Lender agrees to make the payments required to be made by such Increasing Lender under [Section 2.16] of the Credit Agreement.

Each Increasing Lender and Non-Increasing Lender which receives a payment in connection with [clause (i) or (ii) above] (each, a “Selling Lender”) shall be

holding less than 100% of the aggregate Commitments of all Lender Groups consent to such increase in their respective Commitment, the Borrower may request further increases in the Commitments of the Lender Groups who have consented (any such Lender Group, an “Increasing Lender Group”) (by written notice to the Managing Agents for the Increasing Lender Groups), on a ratable basis (based on the then existing Commitments of all such Increasing Lender Groups), unless otherwise consented to in writing by all of the Managing Agents for such Increasing Lender Groups and at the sole discretion of the Managing Agents for each such Increasing Lender Group.

Increasing Lender” and “Increasing Lenders” shall have the meanings set forth in [Section 2.23].

Pursuant to [Section 2.08(c)] of the Credit Agreement, the Company has invited the Increasing Lender, and the Increasing Lender desires, to become a party to the Credit Agreement and to assume the obligations of a Lender thereunder. The Increasing Lender is entering into this Agreement in accordance with the provisions of the Credit Agreement in order to become a Lender thereunder.

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