Maximum Amount of Increase in Commitment Clause Samples
The "Maximum Amount of Increase in Commitment" clause sets a cap on how much a party's financial commitment, such as a loan or credit facility, can be increased under the agreement. In practice, this means that even if the parties agree to raise the commitment amount, it cannot exceed the specified maximum limit outlined in the contract. For example, if a lender agrees to provide additional funds, the total commitment after the increase must remain within the agreed-upon ceiling. This clause serves to protect parties from unexpected or unlimited financial exposure, ensuring predictability and managing risk in the contractual relationship.
Maximum Amount of Increase in Commitment. As of the Effective Date, the amount of the Commitment is $364,201,511.43. The maximum amount by which the Commitment may be increased is $10,000,000.
Maximum Amount of Increase in Commitment. Notwithstanding the terms of this Agreement and Section 8.01 of the Other Credit Agreement, Borrower shall have the right, upon repayment in full of the loans secured by those certain Multifamily Residential Properties identified on Exhibit HH (the “DUS Properties”), to increase the Commitment by an additional $90,493,000 (to a maximum Commitment of $250,000,000). Borrower Parties acknowledge that the DUS Properties are currently subject to liens under the ▇▇▇▇▇▇ ▇▇▇ Delegated Underwriting and Servicing program and are serviced by Lender. Borrower hereby agrees that the total commitment, when added to the commitment of the Lender to the Borrower under the Other Credit Agreement, shall not exceed $850,000,000.
Maximum Amount of Increase in Commitment. Borrower hereby agrees that the total DMBS Loan Commitment, when added to the “Commitment” of ▇▇▇▇▇▇ Mae under the Master Reimbursement Agreement, shall not exceed $100,000,000.
Maximum Amount of Increase in Commitment. Notwithstanding the provisions of Section 8.01(a) of the Master Agreement, which limit the maximum amount by which Borrower is permitted to increase the Commitment, Lender hereby agrees to grant Borrower a one-time right to increase the Commitment to$691,785,000. In connection with the increase in Commitment, Lender has granted Borrower a one-time right to increase the Commitment under the Other Credit Agreement to $243,193,000. Borrower hereby agrees that the total commitment, when added to the commitment of the Lender to the Borrower under the Other Credit Agreement, shall not exceed $934,978,000. The definition of “Reserved Amount” is hereby deleted in its entirety and restated as follows:
Maximum Amount of Increase in Commitment. The increase in the Commitment will decrease the maximum amount of increase as set forth in Section 4.01(a) of the Master Agreement and that provision is hereby deleted from the Master Agreement and replaced in its entirety by the following:
Section 4.01 (a). Maximum Amount of Increase in Commitment. The maximum amount by which the Commitment may be increased is $60,572,500.
Maximum Amount of Increase in Commitment. Notwithstanding the terms of this Agreement and Section 8.01 of the Other Credit Agreement, Borrower shall have the right, to increase the Commitment by an additional $0 (to a maximum Commitment of $691,785,000.00). Borrower hereby agrees that the total commitment, when added to the commitment of Lender to Borrower under the Other Credit Agreement, shall not exceed $934,978,000.
Maximum Amount of Increase in Commitment. The maximum amount by which the Commitment may be increased is $31,980,000 (to a maximum Commitment of $451,000,000). Notwithstanding the terms of this Agreement and Section 8.01 of the Other Credit Agreement, Borrower hereby agrees that the total commitment, when added to the commitment of the Lender to the Borrower under the Other Credit Agreement, shall not exceed $611,000,000. Notwithstanding the foregoing, Borrower shall have the right to further increase the Commitment by an additional $60,000,000 (to a maximum Commitment of $511,000,000) to the extent that Borrower pays off and causes to be released the liens currently placed on those certain Multifamily Residential Properties identified on Exhibit HH (the “DUS Properties”). Borrower Parties acknowledge that the DUS Properties are currently subject to liens under the ▇▇▇▇▇▇ Mae Delegated Underwriting and Servicing program (the “DUS Liens”) and are serviced by Lender. Borrower shall be permitted such further increase in the Commitment (not to exceed $511,000,000) in increments equal to the amount of any released DUS Liens. In such event, Borrower hereby agrees that the total commitment, when added to the commitment of the Lender to the Borrower under the Other Credit Agreement, shall not exceed $704,000,000.
Maximum Amount of Increase in Commitment. Paragraph (a) of Section 4.01 of the Master Agreement (entitled “Right to Increase Commitment”) is hereby amended and restated in its entirety as follows: