Common use of Commitment Increase Date Clause in Contracts

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

Commitment Increase Date. The Administrative Agent shall promptly notify each Lender as to the effectiveness of any such Commitment Increase (with the date of such effectiveness being referred to herein as the “Commitment Increase Date”), and at such time (i) the Maximum Amount (other than the Seasonal Overadvance Amount) Revolving Credit Ceiling under, and for all purposes of, this Agreement shall be increased by the aggregate amount of each such Commitment Increase, (ii) the L/C Letter of Credit Sublimit under, and for all purposes of, this Agreement shall be increased by the aggregate amount of each sixty percent (60%) of such Commitment Increase, (iii) the Commitments set forth on Schedule C-1 2.01 shall be deemed amended, without further action, to reflect the increased Commitments of the Lenders, and (iv) this Agreement shall be deemed amended, without further action, to the extent necessary to reflect such Increased Maximum AmountRevolving Credit Ceiling.