Additional Commitment Amendment Sample Clauses
An Additional Commitment Amendment clause allows parties to modify an existing agreement to increase or add to the commitments originally agreed upon, such as raising a loan amount or expanding the scope of services. This clause typically outlines the process for proposing, negotiating, and formalizing such amendments, often requiring written consent from all relevant parties. Its core function is to provide a structured and mutually agreed-upon method for adapting the contract to evolving needs, ensuring that any additional obligations are clearly documented and enforceable.
Additional Commitment Amendment. Additional Commitments shall become Commitments under this Agreement pursuant to an amendment (an “Additional Commitment Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by the Borrowers, the other Loan Parties, each Additional Lender and the Administrative Agent. An Additional Commitment Amendment may, without the consent of any other Lenders, effect such amendments to any Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section (including, without limitation, to incorporate the Additional Loans and Additional Commitments into the calculation of the “Required Lenders” and related provisions). Upon execution, the Administrative Agent shall provide a copy of any Additional Commitment Amendment to all Lenders.
Additional Commitment Amendment. Commitments in respect of any Revolving Credit Commitment Increases shall become Revolving Credit Commitments (or in the case of any Revolving Credit Commitment Increase to be provided by an existing Lender, an increase in such Lender’s Revolving Credit Commitment) under this Agreement pursuant to an amendment (an “Additional Commitment Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by each Borrower, each Lender agreeing to provide such Revolving Credit Commitments, if any, each Additional Lender, if any, the Administrative Agent, the L/C Issuer and the Swing Line Lender. An Additional Commitment Amendment may, without the consent of any other Lenders, effect such amendments to any Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to effect the provisions of this Section 2.14.
Additional Commitment Amendment. If the Amendment and Increase is provided, the satisfaction of the conditions precedent set forth in Section 2.15 of the Credit Agreement with respect to an Additional Commitment Amendment (after giving effect to the amendments contemplated in the Commitment Letter).
Additional Commitment Amendment. Additional Commitments shall become Commitments under this Agreement pursuant to an amendment (an “Additional Commitment