Common use of Amendment to Commitments Clause in Contracts

Amendment to Commitments. 2.1 The Facility is hereby increased from $100,000,000 to $150,000,000. Upon this Agreement becoming effective, the Commitment of each Lender in respect of the Facility is as specified opposite to its signature on the signature page hereof. 2.2 Upon this Agreement becoming effective, BMO will have the rights and be obligated to perform the obligations of a Lender under the Credit Agreement and will be bound by and entitled to the full benefit of the Credit Agreement and of the other Credit Documents (including the Security Documents) as if it were an original party thereto. 2.3 The parties agree that the aggregate amount of additional Increases of the Facility that may be requested by the Borrower after the date hereof pursuant to Section 2.10 of the Credit Agreement is reset to $50,000,000.

Appears in 2 contracts

Sources: Credit Agreement (Osisko Gold Royalties LTD), Credit Agreement