Common use of Increase in Facility Clause in Contracts

Increase in Facility. (a) Increase. Provided there then exists no Default, upon notice to the Administrative Agent, the Borrower may from time to time after the Closing Date, increase the Facility by an amount (for all such requests) not exceeding $25,000,000 such that the maximum amount of the Facility shall at no time exceed $125,000,000; provided that any such increase shall be in a minimum amount of $10,000,000 and in a whole multiple of $1,000,000 in excess thereof.

Appears in 2 contracts

Sources: Credit Agreement (Paperweight Development Corp), Credit Agreement (Paperweight Development Corp)