Loan Increase. (a) Pursuant to Section 3.2 of the Loan Agreement, the Lender and the Closing Date Borrowers agree to the Fifth Mortgage Loan Increase, to be divided into the Components described in Section 2.01.
Loan Increase. (a) Pursuant to Section 3.2 of the Loan Agreement, the Lender and the Closing Date Borrowers agree to the Fourth Loan Increase, constituting the Component described in Section 2.01.
Loan Increase. Subject to the terms and conditions of this Agreement, Lenders hereby grant to Borrower and Borrower hereby accepts an increase in Lenders’ aggregate Revolving Commitments to THIRTY MILLION AND NO/100THS DOLLARS ($30,000,000.00) (the “Increased Commitment”). All references in the Loan Documents to the Revolving Commitments are hereby amended to reference the Increased Commitment. Schedule 1 to the Credit Agreement is hereby deleted and replaced with Schedule 1 attached hereto.
Loan Increase. (a) Pursuant to Section 3.2 of the Loan Agreement, the Lender and the Closing Date Borrowers agree to the First Mortgage Loan Increase corresponding to the 2015-1C Component.
Loan Increase. Subject to the terms and conditions of this Agreement, Lenders hereby grant to Borrower and Borrower hereby accepts an increase in Lenders’ aggregate Revolving Commitments to FIFTY MILLION AND NO/100THS DOLLARS ($50,000,000.00) (the “Increased Commitment”). All references in the Loan Documents to the Revolving Commitments are hereby amended to reference the Increased Commitment. Schedule 1 to the Credit Agreement is hereby deleted and replaced with Schedule 1 attached hereto. Notwithstanding the foregoing, Borrower may only access, subject to the other conditions to disbursement set forth in the Credit Agreement, up to Forty-Five Million and No/100ths Dollars ($45,000,000.00) of the Revolving Commitment until (i) the documented, undepreciated cost of Borrower’s Stabilized Owned Real Estate Portfolio, calculated in a manner consistent with the real estate methodology contained in the Total Asset Value definition, is at least Three Hundred Million and No/100ths Dollars ($300,000,000.00), subject to Administrative Agent’s confirmation, and (ii) Borrower has satisfied all of the requirements of the Post-Closing Covenants (as hereinafter defined).
Loan Increase. An increase in the aggregate outstanding principal balance of the Loans to not more than $400,000,000.00 pursuant to §2.11. Manager. Mid-America Apartments, L.P., a Tennessee limited partnership. Material Adverse Effect. A material adverse effect on (a) the business, properties, assets, condition (financial or otherwise) or results of operations of REIT and its Subsidiaries considered as a whole; (b) the ability of the Borrower or any Guarantor to perform any of its obligations under the Loan Documents; or (c) the validity or enforceability of any of the Loan Documents or the rights or remedies of Agent or the Lenders thereunder.
Loan Increase. Borrower requests Lender to increase the amount available for advance under the terms of the Note by S750,000.00. Borrower and Lender acknowledge that the Note is a revolving line of credit and therefore, Borrower promises to pay the order of Lender, the sum of S1,500,000.00, or the unpaid principal balance outstanding from all advances made under the Note in accordance with the terms of the Loon Agreement, as amended.
Loan Increase. Upon (i) approval of a Loan Increase by Administrative Agent and all of the Lenders as provided in Section 2.10, (ii) the execution and delivery by Borrower, Administrative Agent and each Lender (including each Additional Lender) of a Loan Increase Supplement effecting such Loan Increase and (iii) the satisfaction of the conditions set forth in Section 3.2 and 3.3, such Loan Increase shall be disbursed (solely by such Additional Lender or Additional Lenders). Notwithstanding that a Loan Increase shall be advanced solely by such Additional Lenders, immediately upon the disbursement of such Loan Increase, and without further action by any Person, each Additional Lender shall be deemed to have purchased and acquired from the Lenders party to this Agreement prior thereto interests in the Loan then outstanding, and such Lenders party to this Agreement prior hereto shall be deemed to have purchased and acquired from each of the Additional Lenders interests in the Loan Increase, such that each Lender (including each Additional Lender) holds interests in the entire outstanding amount of the Loan (including each Loan Increase) in the proportion that its Commitment (including, if applicable, its Additional Commitment) bears to all Commitments (including all Additional Commitments). Each Fixed Rate Portion, outstanding on the date of any Loan Increase shall either be converted to one or more new Fixed Rate Portions for a Fixed Rate Period commencing on such date (as selected by Borrower prior thereto in accordance with this Agreement) or converted to a Variable Rate, and Borrower shall pay the Fixed Rate Price Adjustment resulting from any such conversion.
Loan Increase. (a) The Borrower may, at any time and from time to time, by notice to the Agent, request, within the limitations hereinafter set forth, an increase in the principal amount of the Loans hereunder ("Loan Increase"), which notice by the Borrower shall set forth the amount of such requested Loan Increase. A Loan Increase may be effected either by having one or more New Banks become Banks hereunder and advance the Loan Increase and/or by having one or more of the Banks that is theretofore a party to this Agreement (at the election and sole discretion of any such Bank) and that has been approved by the Borrower and the Agent increase the amount of its Loans, provided that (i) any Loan Increase advanced by a Bank that was theretofore a party to this Agreement shall be in an amount of not less than $5,000,000 (and, if in excess thereof, in an integral multiple of $1,000,000, (ii) the amount of the Loan Increase advanced by any New Bank shall be in an amount of not less than $10,000,000 (and, if in excess thereof, in an integral multiple of $1,000,000) and (iii) in no event shall the maximum outstanding principal amount of all Loans hereunder upon the advance of such Loan Increase exceed $100,000,000.
Loan Increase. Effective as of ______________* and subject to the satisfaction of the conditions set forth in Section 2.21(b) of the Term Loan Agreement each Bank identified on the signature pages hereof not heretofore a party to the Term Loan Agreement shall become a party to the Term Loan Agreement as a Bank and shall have all of the rights and obligations of a Bank and shall agree to be bound by the terms and provisions thereof, and (b) each Bank identified on the signature pages hereof shall advance the amount of the Loan Increase set forth opposite its signature. * This date is to be agreed upon by the parties to this Supplement (as provided in Section 2.21(c)).
