Commitment Increase Fee. A fee shall be payable on the Increase Date by the Original Borrower to the Agent (the "Commitment Increase Fee") which shall be distributed to those Lenders which agree to the increase and those Additional Lenders that agree to provide a Commitment, in accordance with Clauses 10.5 (Approval of Commitment Increase Request) or 10.6 (Partial approval of Commitment Increase Request). The amount of the Commitment Increase Fee shall be agreed between the Original Borrower and the Agent prior to the Commitment Increase Request being submitted to the Agent by the Original Borrower.
Appears in 1 contract
Sources: Amendment and Restatement Agreement (Validus Holdings LTD)
Commitment Increase Fee. A fee shall be payable on the Increase Date by the Original Borrower to the Agent (the "“Commitment Increase Fee"”) which shall be distributed to those Lenders which agree to the increase and those Additional Lenders that agree to provide a Commitment, in accordance with Clauses 10.5 (Approval of Commitment Increase Request) or 10.6 (Partial approval of Commitment Increase Request). The amount of the Commitment Increase Fee shall be agreed between the Original Borrower and the Agent prior to the Commitment Increase Request being submitted to the Agent by the Original Borrower.
Appears in 1 contract
Sources: Amendment and Restatement Agreement (Validus Holdings LTD)
Commitment Increase Fee. A fee shall be payable on the Increase Date by the Original Borrower to the Agent (the "“Commitment Increase Fee"”) which shall be distributed to those Lenders which agree to the increase and those Additional Lenders that agree to provide a Commitment, in accordance with Clauses 10.5 (Approval of Commitment Increase Request) or 10.6 (Partial approval of Commitment Increase Request). The amount of the Commitment Increase Fee shall be agreed between the Original Borrower and the Agent prior to the Commitment Increase Request being submitted to the Agent by the Original Borrower.
Appears in 1 contract
Sources: Amendment and Restatement Agreement (Validus Holdings LTD)