Increases to Aggregate Commitment. The Borrower shall have the right to increase the Aggregate Commitment by obtaining additional Commitments, either from one or more of the Lenders or another lending institution provided that (A) the Agent has approved the identity of any such new Lender, such approval not to be unreasonably withheld, (B) any such new Lender assumes all of the rights and obligations of a "Lender" hereunder, and (C) the procedure described in Section 12.
Appears in 3 contracts
Sources: Revolving Credit Agreement (Hovnanian Enterprises Inc), Credit Agreement (Prism Financial Corp), Credit Agreement (Mego Mortgage Corp)
Increases to Aggregate Commitment. The Borrower Borrowers shall have the right to increase the Aggregate Commitment by obtaining additional Commitments, either from one or more of the Lenders or another lending institution provided that (A) the Agent has approved the identity of any such new Lender, such approval not to be unreasonably withheld, (B) any such new Lender assumes all of the rights and obligations of a "Lender" hereunder, and (C) the procedure described in Section 12.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Hovnanian Enterprises Inc), Revolving Credit Agreement (Hovnanian Enterprises Inc)