Common use of Increase in Commitment Clause in Contracts

Increase in Commitment. Increasing Lender and the Borrowers agree that, subject to the satisfaction of each condition precedent set forth in Section 5 hereof, from and after the Effective Date inserted by the Administrative Agent as contemplated below, (a) Increasing Lender’s [ (1) US Revolving Commitment shall be increased from $ to $ ,] [and (2) Canadian Revolving Commitment shall be increased from $ to $ ], [and (3) UK Revolving Commitment shall be increased from $ to $ ] (b) the Commitment Schedule shall be deemed to be amended to reflect such Revolving Commitment, and (c) to the extent permitted under applicable law, Increasing Lender shall be entitled to the benefits of, and shall be deemed to have assumed, to the extent of its Applicable Percentage (as increased pursuant to such increase in its [US Revolving Commitment/Canadian Revolving Commitment/UK Revolving Commitment], all claims, suits, causes of action and any other right of a [US Revolving Lender and/or Canadian Revolving Lender and/or UK Revolving Lender] against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby.