Common use of Commitment Increase Date Clause in Contracts

Commitment Increase Date. The Agent shall promptly notify each Lender as to the effectiveness of the Commitment Increase (with the date of such effectiveness being referred to herein as the “Commitment Increase Date”), and at such time (i) the Maximum Facility Amount under, and for all purposes of, this Agreement shall be increased by the aggregate amount of the Commitment Increase, (ii) the increased Commitments set forth on Schedule C-1 shall be deemed effective, without further action, to reflect the revised Commitments of the Lenders, and (iii) this Agreement shall be deemed amended, without further action, to the extent necessary to reflect such Increased Maximum Facility Amount.

Commitment Increase Date. The Agent shall promptly notify each Lender as to the effectiveness of the each Commitment Increase (with the date of such effectiveness being referred to herein as the “Commitment Increase Date”), and at such time (i) the Maximum Facility Revolver Amount under, and for all purposes of, this Agreement shall be increased by the aggregate amount of the subject Commitment Increase, (ii) the increased Commitments set forth on Schedule C-1 shall be deemed effective, without further action, to reflect the revised Commitments of the Lenders, and (iii) this Agreement shall be deemed amended, without further action, to the extent necessary to reflect such Increased Maximum Facility Revolver Amount.

Commitment Increase Date. The Agent shall promptly notify each Lender as to the effectiveness of the any such Commitment Increase (with the date of such effectiveness being referred to herein as the a “Commitment Increase Date”), and at each such time (i) the Maximum Facility Amount under, and for all purposes of, this Agreement shall be increased by the aggregate amount of the each such Commitment Increase, (ii) the increased Commitments set forth on Schedule C-1 shall be deemed effective, without further action, to reflect the revised Commitments of the Lenders, and (iii) this Agreement shall be deemed amended, without further action, to the extent necessary to reflect such Increased Maximum Facility Amount.