Common use of Increase Option Clause in Contracts

Increase Option. (a) The Borrower hereby requests Incremental Revolving Credit Commitments in the aggregate amount of $200,000,000 pursuant to Section 5.13(a) of the Credit Agreement and the Borrower proposes that the Increased Amount Date for the increase contemplated in this Agreement be the Agreement Effective Date (as defined in Section 4 below). (b) On the terms and subject to the conditions of this Agreement, in furtherance of the Borrower’s request to increase the Incremental Revolving Credit Commitments in the aggregate amount of $200,000,000 pursuant to Section 5.13(a) of the Credit Agreement, as of the Agreement Effective Date: (i) ▇▇▇▇▇ Fargo hereby increases its Revolving Credit Commitment by $20,750,000.00 (thereby increasing ▇▇▇▇▇ Fargo’s Revolving Credit Commitment as of the Agreement Effective Date to a total of $80,750,000.00);

Appears in 1 contract

Sources: Commitment Increase Agreement and Second Amendment to Credit Agreement (SYNAPTICS Inc)

Increase Option. (a) The Borrower hereby requests Incremental that the Revolving Credit Commitments be increased in the aggregate amount of $200,000,000 100,000,000 pursuant to Section 5.13(a) of the Existing Credit Agreement and the Borrower proposes that the Increased Amount Date for the increase contemplated in this Agreement be the Agreement Effective Date (as defined in Section 4 below). (b) On the terms and subject to the conditions of this Agreement, in furtherance of the Borrower’s request to increase the Incremental Revolving Credit Commitments in the aggregate amount of $200,000,000 100,000,000 pursuant to Section 5.13(a) of the Existing Credit Agreement, as of the Agreement Effective Date: (i) ▇▇▇▇▇ Fargo hereby increases its Revolving Credit Commitment by $20,750,000.00 10,000,000 (thereby increasing ▇▇▇▇▇ Fargo’s Revolving Credit Commitment as of the Agreement Effective Date to a total of $80,750,000.0060,000,000);, and

Appears in 1 contract

Sources: Commitment Increase Agreement and First Amendment to Credit Agreement (SYNAPTICS Inc)