Increased Amount Date Sample Clauses

The "Increased Amount Date" clause defines the specific date on which an agreed-upon increase in a financial amount, such as a loan commitment or credit facility, becomes effective. In practice, this clause sets out when the lender's obligation to provide additional funds begins or when the borrower can access the increased amount. For example, if a borrower negotiates an increase in their credit line, the Increased Amount Date marks when the higher limit is available. This clause ensures clarity for both parties regarding the timing of increased financial obligations or entitlements, preventing disputes about when the new terms take effect.