No Obligation to Increase Clause Samples
The "No Obligation to Increase" clause establishes that a party, typically a lender or service provider, is not required to increase the amount of credit, funding, or resources beyond what was originally agreed upon in the contract. In practice, this means that even if the other party requests additional funds or an extension of services, the party protected by this clause can decline without breaching the agreement. This clause serves to limit the financial or operational exposure of the obligated party, ensuring they are not compelled to provide more than their initial commitment and thereby managing risk and maintaining contractual certainty.
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No Obligation to Increase. No current Lender shall be obligated to provide an Incremental Commitment, and any Incremental Commitment by any current Lender shall be in the sole discretion of such current Lender;
No Obligation to Increase. No current Lender shall be obligated to increase its Revolving Credit Commitment and any increase in the Revolving Credit Commitment by any current Lender shall be in the sole discretion of such current Lender.
No Obligation to Increase. No current Lender shall be obligated to (x) increase its Revolving Credit Commitment and/or provide an Incremental Term Loan and any increase in the Revolving Credit Commitment and/or issuance of any Incremental Term Loan by any current Lender shall be in the sole discretion of such current Lender, or (y) provide an Incremental Term Loan and any Incremental Term Loan provided by any Lender shall be in the sole discretion of Lender.
No Obligation to Increase. Notwithstanding anything herein to the contrary, no Lender shall have any obligation to agree to increase any of its Commitments hereunder and any election to do so shall be in the sole discretion of such Lender.
No Obligation to Increase. No Person that is a Lender prior to such establishment (a “Current Lender”) shall be obligated to provide an Incremental Facility, and any commitment of any Current Lender to provide an Incremental Facility shall be in the sole discretion of such Current Lender;
No Obligation to Increase. No Existing Bank shall be obligated to increase its Revolving Credit Commitment and any increase in the Revolving Credit Commitment and any increase in the Revolving Credit Commitment by any Existing Bank shall be in the sole discretion of such Existing Bank.
No Obligation to Increase. Notwithstanding anything herein to the contrary, Lender shall not have any obligation to agree to extend any Incremental Revolving Loan and/or to increase the Loan Amount hereunder and any election to do so shall be in the sole discretion of Lender.”
(i) Section 10.1(b) of the Loan Agreement is hereby amended and restated in its entirety as follows:
No Obligation to Increase. No current US Bank shall be obligated to increase its US Revolving Credit Commitment and any increase in the US Revolving Credit Commitment by any current US Bank shall be in the sole discretion of such current US Bank.
No Obligation to Increase. The Bank shall not be obligated to increase its Revolving Credit Facility Commitment Amount and any increase in the Revolving Credit Facility Commitment Amount by the Bank shall be in its sole discretion.
No Obligation to Increase. No Existing Lender shall be obligated to increase its Term Loan Commitment and any increase in the Term Loan Commitment by any Existing Lender shall be in the sole discretion of such Existing Lender.