Facility Limit Increase Clause Samples
POPULAR SAMPLE Copied 2 times
Facility Limit Increase. Notwithstanding anything herein to the contrary, no Lender shall have any obligation to increase its Commitment and no Lender’s Commitment shall be increased without its written consent thereto, and each Lender may at its option, unconditionally and without cause, decline to increase its Commitment.
Facility Limit Increase. The Facility Limit shall be increased from $6,000,000 to $6,600,000. Any references to the Facility Limit in the APA, the Security Agreement and each of the Transaction Documents shall mean the Facility Limit as increased hereby. In furtherance of the increase in Facility Limit, the third sentence of Section 2.1 of the APA is hereby amended and restated in its entirety to read as follows:
Facility Limit Increase. The Facility Limit shall be increased from $6,000,000 to $6,600,000. Any references to the Facility Limit in the APA, the Security Agreement and each of the Transaction Documents shall mean the Facility Limit as increased hereby. In furtherance of the increase in Facility Limit, the third sentence of Section 2.1 of the APA is hereby amended and restated in its entirety to read as follows: FIRST MODIFICATION AGREEMENT (HII Technologies-APA) Page 1 The total outstanding Face Amount of Approved Receivables purchased by Lender will never exceed $6,600,000 (the “Facility Limit”), unless agreed to by the Majority Lenders.