Amendment to Commitments. 3.1 The Credit is hereby increased from US$138,000,000 to US$140,000,000 and the amount of the Increase (namely, US$2,000,000) is allocated to [REDACTED]. After giving effect to the Increase, the total Commitment of each Lender in respect of the Credit is as specified in the attached Schedule A as at the date hereof. 3.2 Upon this Agreement becoming effective, the Borrower’s remaining rights under Section 2.9 of the Credit Agreement will be reduced such that any additional increase to the Credit that may later be requested by the Borrower pursuant to such Section 2.9 may not exceed US$110,000,000.
Appears in 1 contract
Amendment to Commitments. 3.1 The Credit is hereby increased from US$138,000,000 140,000,000 to US$140,000,000 170,000,000 and the amount of the Increase (namely, US$2,000,00030,000,000) is allocated to [REDACTED]. After giving effect to the Increase, the total Commitment of each Lender in respect of the Credit is as specified in the attached Schedule A as at the date hereof.
3.2 Upon this Agreement becoming effective, the Borrower’s remaining rights under Section 2.9 of the Credit Agreement will be reduced such that any additional increase to the Credit that may later be requested by the Borrower pursuant to such Section 2.9 may not exceed US$110,000,00080,000,000.
Appears in 1 contract
Sources: Credit Agreement (Iamgold Corp)