Additional Commitment Amount Clause Samples
The "Additional Commitment Amount" clause defines the terms under which a lender may provide extra funds beyond the original loan commitment. Typically, this clause outlines the conditions, procedures, and limitations for increasing the loan amount, such as requiring borrower requests, lender approval, and possible adjustments to repayment schedules or interest rates. Its core practical function is to offer flexibility in financing, allowing borrowers to access additional capital when needed while ensuring that both parties understand the process and obligations involved.
Additional Commitment Amount. No Lender shall have any obligation to increase its Revolving Commitment and any decision by a Lender to increase its Revolving Commitment shall be made in its sole discretion independently from any other Lender. Any Lender which does not respond within such ten (10) Business Day period shall be deemed to have advised the Administrative Agent and the Borrower that it elected not to increase its Revolving Commitment.
Additional Commitment Amount. Section 2.7(a) of the Subscription Agreement is hereby amended and restated in its entirety to read as follows (language that has been added is double underlined and language that has been deleted is shown with a strikethrough): “The Company and certain of its affiliates, and the Adviser on behalf of the Company and/or certain of its affiliates, shall be authorized to incur indebtedness and/or enter into financing arrangements (in each case, including as a guarantor in respect thereof) under such terms and for any purpose permitted under this Subscription Agreement and/or the Company’s Articles of Amendment and Restatement dated as March 23, 2023 and filed with the State of Maryland Department of Assessments and Taxation on April 4, 2023 (as may be amended or restated, the “Articles”) (or equivalent document of any affiliate of the Company) as it may elect, including, but not limited to, on a joint and several basis with parallel funds, alternative investment vehicles and other affiliates of the Company. In connection therewith, the Company, certain of its affiliates and the Adviser shall be authorized to pledge, charge, mortgage, assign, transfer and grant security interests to or in favor of a lender in (i) the Initial Commitment Amount and the Additional Commitment Amount $150,000,000 minus the aggregate purchase price paid by the Subscriber with respect to the Shares and “Additional Shares” (as such term is defined in Amendment No. 1) purchased by the Subscriber as of the date of such pledge pursuant to all previous Purchase Notices (as defined below) and/or Capital Calls (as such term is defined in Section 1.1(b) of the Original Subscription Agreement and/or Section 2 of Amendment No. 1, as applicable) plus all amounts distributed to the Subscriber in connection with a repurchase of all or any portion of its Shares by the Company pursuant to Section 2.5 of the Subscription Agreement which are subject to repurchase obligations, including pursuant to a Capital Call delivered pursuant to Section 1.1(d) of the Subscription Agreement (the USActive 60730736.6 “Unused Capital Commitment”), (ii) the rights of the Company and the Adviser under this Subscription Agreement, the Articles, and/or that certain Amended and Restated Advisory Agreement, dated as of March 23 May 18, 2023, (as amended on August 24, 2023 and on December 5, 2023 (as may be amended and restated, the “Advisory Agreement”), among the Company, the Adviser and Invesco Commercial Real Estate Fi...
Additional Commitment Amount. 1 Section 1.4. Adjusted Cash Flow.............................................................1 Section 1.5. Affiliate....................................................................
Additional Commitment Amount. See Section 19.10. Advance Rate Percentage. Forty-five percent (45%).
Additional Commitment Amount. Additional Commitment Amount" means the Maximum Term ------------------------------- Facility Amount less the Initial Maximum Term Facility Amount.