Common use of Increase in Credit Facility Clause in Contracts

Increase in Credit Facility. The Borrower may, at any time and from time to time, add additional financial institutions hereunder as Lenders and/or, with the consent of the applicable Lender (which may be given or withheld in its sole discretion), increase the Commitment of such Lender and, in each case, thereby increase the maximum principal amount of the Credit Facility, provided that, at the time of any such addition or increase:

Appears in 3 contracts

Samples: Credit Agreement (Ovintiv Inc.), Credit Agreement (Encana Corp), Credit Agreement (Ovintiv Inc.)

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Increase in Credit Facility. The Borrower may, at any time and from time to time, add additional financial institutions hereunder as Lenders and/or, with the consent of the applicable Lender (which may be given or withheld in its sole discretion), increase the Commitment of such Lender and, in each case, thereby increase Commitments (the “Additional Commitments”) available hereunder and the maximum principal amount of the Credit FacilityFacility by adding additional financial institutions as Lenders hereunder or by increasing the Commitments of existing Lenders with (in the latter case) the consent of such Lenders, provided that, at or any combination thereof. The right to increase the time of any such addition or increaseCredit Facility by Additional Commitments shall be subject to the following:

Appears in 2 contracts

Samples: Credit Agreement (Enbridge Inc), Second Amending Agreement (Enbridge Inc)

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